The new report by Expert Market Research titled, ‘Global Mushroom Substrate Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global mushroom substrate market, assessing the market based on its segments like sources, types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
Forecast CAGR (2021-2026): 5% (Global Mushroom Cultivation Market)
The mushroom substrate market is primarily being driven by the rising environmental awareness as the products offer an eco-friendly way of cultivating mushroom. The market is further propelled by the capacity of mushroom substrates to help poverty-stricken and strengthen the livelihoods of the poor as the cultivation of mycelium requires no access to the land and substantial capital investment. Another significant reason for the rise in demand for mushroom substrate is its medicinal properties, which is beneficial for the pharmaceutical industry. The pharmaceutical industry is one of the most significantly rising sectors during the COVID-19 pandemic.
Industry Definition and Major Segments
Mushroom substrate is the substance on which the mushroom grows. A substrate is the bulk material that the mushroom mycelium can use for energy and nutrition. In other words, mushroom substrate is a product that acts as a medium that facilitates the growth and proliferation of mycelium. It is used in the pharmaceutical industry and the food and nutrition sector.
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By source, the market is bifurcated into:
On the basis of type, the market is divided into:
- Coffee Grounds
Based on distribution channel, the industry is segmented into:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The significant rise in the demand for mushroom substrate in the foodservice industry, especially after the easing of lockdowns, has propelled the mushroom substrate market forward. The sale of the product has the potential to easily create a consumer base as the process of cultivation of mushroom through substrate enables the cultivator to offer consistent and expected quantities and quality of mushrooms. The medicinal properties of mushroom substrate further bolster the market growth as because of these medicinal properties, the product finds application in the pharmaceutical sector, which has a high demand amidst the pandemic.
Key Market Players
The major players in the market are Agaris Belgium NV, Walsh Mushrooms Group, Monaghan Mushrooms, and Coenegrachts Substraat, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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