Global Mushroom Substrate Market Report and Forecast 2024-2032

Global Mushroom Substrate Market Outlook

The global mushroom substrate market is being aided by the rising mushroom cultivation. The mushroom cultivation market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.

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Eco-Friendly Way of Cultivating Mushrooms is Aiding the Mushroom Substrate Industry Growth

The market for mushroom substrate is driven by the rising environmental awareness as the product offers an eco-friendly way of cultivating mushroom. The market is further aided by the capacity of mushroom substrates to help the poverty-stricken and strengthen their livelihoods as the cultivation of mycelium requires no access to the land and substantial capital investment. By doing so, it supports the local economy of a rural area and acts as a panacea, owing to its contribution in delivering food security, nutritious food, income through trade, and providing opportunities for small-scale food processing industry; all this without investing significantly on raw materials. In addition, the demand for mushroom substrate is accelerating owing to its medicinal properties. All these aforementioned factors are currently propelling the market growth and are expected to further push the market growth of mushroom substrate over the forecast period.

Mushroom Substrate Industry Segmentation

Mushroom substrate is the substance on which mushroom grows. The product acts as a medium that facilitates the growth and proliferation of mycelium. Mushroom cultivation has been there for ages, but it has recently become popular across the globe. The product is usually used by producers to produce mycelium at a small-scale level.

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On the basis of source, the market is divided into:

• Organic
• Conventional

Based on type, the industry can be segmented into:

• Sawdust
• Straw
• Logs
• Manure
• Coffee Grounds
• Others

By distribution channel, the industry is categorised into:

• Offline
• Online
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Mushroom Substrate in the Foodservice Industry to Aid the Global Market Growth

The mushroom substrates industry is being driven by the rising demand for the product in the foodservice industry. The enhancing prospects of the foodservice industry is expected to improve the market growth over the forecast period. Mushroom substrates are the main ingredient required in the ex-situ cultivation of mushroom, which requires no access to land. This process of cultivating mushroom enables the cultivator to offer consistent and expected quantities and quality of mushrooms, further enhancing the consumer base. All these reasons are invigorating the market growth of mushroom substrates.

Key Industry Players in the Global Mushroom Substrate Market

The report gives a detailed analysis of the following key players in the global mushroom substrate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Agaris Belgium NV
• Walsh Mushrooms Group
• Monaghan Mushrooms
• Coenegrachts Substraat
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Mushroom Substrate Market Report Snapshots

Mushroom Substrate Market Size

Mushroom Substrate Market Growth

Mushroom Substrate Companies