Yellow Oyster Mushroom Market Forecasts to 2030 – Global Analysis By Product Type (Dry, Fresh and Processed), Cultivation Method (Indoor Cultivation, Outdoor Cultivation and Organic Cultivation), Distribution Channel, End User and By Geography

Yellow Oyster Mushroom Market Forecasts to 2030 – Global Analysis By Product Type (Dry, Fresh and Processed), Cultivation Method (Indoor Cultivation, Outdoor Cultivation and Organic Cultivation), Distribution Channel, End User and By Geography

According to Stratistics MRC, the Global Yellow Oyster Mushroom Market is accounted for $59 billion in 2023 and is expected to reach $109 billion by 2030 growing at a CAGR of 9.3% during the forecast period. The Yellow Oyster Mushroom, scientifically known as Pleurotus citrinopileatus, is a species of edible fungi characterized by its vibrant yellow to golden color and distinctive fan-shaped caps. Belonging to the oyster mushroom family, it grows in clusters on decaying wood or organic matter. With a delicate, mild flavor and a slightly chewy texture, the Yellow Oyster Mushroom is prized for its culinary versatility, often used in stir-fries, soups, risottos, and other dishes. Rich in protein, vitamins, and minerals, it is also valued for its nutritional benefits and potential health-promoting properties.

Market Dynamics:

Driver:

Health awareness

As consumers become increasingly conscious of their dietary choices and overall well-being, they are actively seeking out nutritious food options. These mushrooms are naturally low in calories and fat while being rich in protein, dietary fiber, vitamins, and minerals. Moreover, yellow oyster mushrooms contain bioactive compounds like antioxidants and polysaccharides, which have been associated with various health benefits, including immune support, anti-inflammatory properties, and potential cancer-fighting effects. As a result, health awareness is a significant factor in accelerating market demand.

Restraint:

Climate change

Yellow oyster mushrooms are sensitive to changes in temperature, humidity, and weather patterns, all of which are influenced by climate change. Increased temperatures can disrupt the delicate balance required for optimal mushroom growth, leading to decreased yields or even crop failures. Likewise, alterations in rainfall patterns and humidity levels can affect the availability of suitable growing conditions, further challenging cultivation efforts. As a result, climate change presents a significant restraint to the yellow oyster mushroom market, limiting market expansion.

Opportunity:

Culinary trends

As the culinary landscape evolves, chefs and home cooks are constantly seeking out new and innovative ingredients to enhance their dishes. Yellow oyster mushrooms, with their distinct flavour profile and versatile culinary applications, have captured the attention of culinary enthusiasts and professionals alike. Moreover, their unique texture, which ranges from tender to slightly chewy when cooked, adds depth and complexity to a wide array of dishes. They can be used as a flavourful alternative in vegetarian and vegan dishes, further driving their prominence in culinary trends, which in turn accelerates market growth.

Threat:

Perishability

Perishability poses a significant restraint in the yellow oyster mushroom market due to the mushrooms delicate nature and relatively short shelf life. These mushrooms cannot be preserved for extended periods through traditional methods like canning or drying, limiting storage options and requiring rapid distribution from farm to consumer. Additionally, transportation and storage facilities must maintain specific temperature and humidity conditions to preserve mushroom quality during transit. These factors hinder the market demand.

Covid-19 Impact

The COVID-19 pandemic has significantly impacted the yellow oyster mushroom market. As a perishable agricultural product, the market for yellow oyster mushrooms faced disruptions in both production and distribution channels due to lockdowns, transportation restrictions, and reduced workforce availability. Additionally, with the closure of restaurants, hotels, and other foodservice establishments, a significant portion of the market demand disappeared, causing a surplus of mushrooms and downward pressure on prices.

The organic cultivation segment is expected to be the largest during the forecast period

The organic cultivation segment is estimated to hold the largest share, driven by increasing consumer demand for healthier and more environmentally sustainable food options. Organic cultivation involves using organic substrates such as straw, sawdust, or agricultural residues, along with organic spawn and natural pest management techniques. Moreover, consumers are increasingly concerned about the potential health risks associated with chemical residues in food products, leading to a growing preference for organic options.

The restaurants and hotels segment is expected to have the highest CAGR during the forecast period

The restaurants and hotels segment is anticipated to have lucrative growth during the forecast period. These mushrooms are highly favoured by chefs for their delicate flavour, unique texture, and vibrant appearance, making them a popular choice for culinary creations in upscale restaurants and hotels. Furthermore, the demand from restaurants and hotels has traditionally been a significant driver of the yellow oyster mushroom market, with bulk orders and consistent purchases contributing to steady revenue streams for mushroom growers and distributors.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to the region's favourable climate conditions and suitable agricultural practices. Growing consumer awareness regarding the health benefits and nutritional value of mushrooms has led to an increased demand for specialty varieties like the Yellow Oyster Mushroom. Moreover, the culinary traditions in many Asian countries heavily incorporate mushrooms, further boosting their popularity. This cultural affinity, coupled with the rising trend of vegetarian and vegan diets, has propelled the demand for yellow oyster mushrooms in this region.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. Consumers in North America are increasingly valuing freshness, flavor, and nutritional benefits, aligning well with the characteristics of yellow oyster mushrooms. Moreover, the region's thriving culinary scene, coupled with a trend towards plant-based diets and healthier eating habits, has further fuelled the demand for mushrooms as a versatile ingredient in various dishes.

Key players in the market

Some of the key players in the Yellow Oyster Mushroom Market include Hokto Kinoko Co., Ltd., Mycopia Mushrooms, Sylvan Inc., Grocycle, FreshCap Mushrooms, Gourmet Mushrooms, Inc., Fujian Xianzhilou Biological Science and Technology Co., Ltd., California Mushroom Farms Inc., First Fungus Biotech Co., Ltd., Pennsylvania Certified Organic, Mycolab Solutions, North Spore Mushroom Company, Shandong Liancheng Biological Technology Co., Ltd. and Wecare Biotech Co., Ltd.

Key Developments:

In July 2020, Sylvan announced the acquisition of the spawn business of Mispaj Micelios, the combined business allows us to further improve our service to the Spanish market and provide a full range of spawn products and crop care solutions in agaricus, pleurotus and shiitake.

In September 2019, FreshCap Mushrooms Ltd., a leading functional mushroom brand, announced a Series an investment of an undisclosed amount from The Giorgi Companies, Inc. (TGCI,) a leading grower and distributor of fresh and processed mushrooms in North America.

Product Types Covered:
• Dry
• Fresh
• Processed

Cultivation Methods Covered:
• Indoor Cultivation
• Outdoor Cultivation
• Organic Cultivation

Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Specialty Stores
• Online Retail
• Other Distribution Channels

End Users Covered:
• Pharmaceuticals
• Food Processing Industry
• Restaurants and Hotels
• Household Consumption
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements