The new report by Expert Market Research titled, ‘Global Mushroom Substrate Market Size, Share, Growth, Report and Forecast 2023-2028’, 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.

Mushroom Substrate Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 5.0% (Mushroom Cultivation Market)

Mushroom substrate is an eco-friendly method of cultivating mushrooms. In this regard, the increasing shift towards cultivating practises with low impact on the environment is driving the demand for the product. In addition, this method of cultivation does not require expensive investments and hefty portion of lands. The increasing demand for the product in the food industry owing to the rising population and increasing demand for mushroom-based cuisines is likely to be a major driving factor for the market.

In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the strong foothold of major cultivators of the product.

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Mushroom Substrate Industry Definition and Major Segments

Mushroom substrate is defined as a material inside which mushroom mycelium grows and establishes itself in. These substrates provide the mushroom mycelium with essential nutrients, moisture, and energy to help them grow as a fruit for consumption. The variety of mushroom substrates grown can be varied according to the requirements.

On the basis of source, the market can be segmented into:

  • Organic
  • Conventional

Based on type, the market has been segmented into:

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

By distribution channel, the market has been segmented into:

  • Offline
  • Online
  • Others

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The regional markets for mushroom substrate include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Mushroom Substrate Market Trends

The key trends in the mushroom substrate market include the increasing expansion of the e-commerce industry, which is bolstering the demand for mushroom-based food products. The increasing accessibility to food delivery platforms is also likely to add to the market growth.

The growing research and development activities in the pharmaceutical industry aimed towards exploring the potential usage of the product are further propelling the market growth. Moreover, the stringent regulations of the government across the emerging economies aimed towards encouraging environment-friendly fruit cultivating activities are likely to be the crucial trends in the market.

Key Market Players

The major players in the market are:

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