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Report
Dominican Republic and the Caribbean Islands Mushroom Market
Market Report I 2024-09-01 I 130 Pages I Data Bridge Market Research
Dominican Republic and the Caribbean Islands mushroom market is expected to reach USD 236.78 million by 2031 from USD 192.79 million in 2023, growing with a substantial CAGR of 2.77% in the forecast period of 2024 to 2031.
Market Segmentation:
Dominican Republic and The Caribbean Islands Mushroom Market, By Type (Button Mushroom, Oyster Mushroom, Shiitake Mushroom, Truffles Mushrooms, Matsutake Mushrooms, Reishi Mushrooms, and Others), Form (Fresh Mushroom, Dried Mushroom, Frozen Mushroom, and Canned Mushroom), Nature (Organic and Conventional), Application (Horeca Industry and Household/Retail), Distribution Channel (Store-Based Retailing and Non-Store-Based Retailing/Online Retailers), Countries (Dominican Republic, Jamaica, Cuba, Haiti, Puerto Rico, Dominica, The Bahamas, Barbados, Antigua and Barbuda, Hispaniola, and rest of The Caribbean Islands) - Industry Trends and Forecast to 2031
Overview of Dominican Republic and the Caribbean Islands Mushroom Market Dynamics:
Drivers
- Shifting consumer preference towards plant-based or vegan diets
- Rising consumer awareness of the health benefits of mushrooms
Restraints
- Impact of mushroom's short shelf life
- High production and operational costs of mushroom cultivation
Opportunities
- Growing demand for functional foods
- Growth of organized retail chains and supermarkets
Market Players:
The key players operating in Dominican Republic and the Caribbean Islands mushroom market are:
- Southwest Mushrooms
- Hypha Wellness Jamaica
- Yerba Buena Farm Jamaica
- Well Mudda Fungus
- Magnificent Mushrooms
- Baghel Agro Industries
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 OVERVIEW 16
1.4 LIMITATIONS 17
1.5 MARKETS COVERED 18
2 MARKET SEGMENTATION 20
2.1 MARKETS COVERED 20
2.2 GEOGRAPHICAL SCOPE 21
2.3 YEARS CONSIDERED FOR THE STUDY 21
2.4 CURRENCY AND PRICING 22
2.5 DBMR TRIPOD DATA VALIDATION MODEL 23
2.6 MULTIVARIATE MODELING 26
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 27
2.8 DBMR MARKET POSITION GRID 28
2.9 DBMR VENDOR SHARE ANALYSIS 29
2.10 SECONDARY SOURCES 30
2.11 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 36
4.1 PORTER'S FIVE FORCES ANALYSIS 37
4.1.1 THREAT OF NEW ENTRANTS 37
4.1.2 BARGAINING POWER OF SUPPLIERS 37
4.1.3 BARGAINING POWER OF BUYERS 38
4.1.4 THREAT OF SUBSTITUTES 38
4.1.5 INTERNAL COMPETITION 38
4.2 PRICING ANALYSIS 39
4.3 BRAND OUTLOOK 40
4.3.1 MAGNIFICENT MUSHROOMS 40
4.3.2 WELL MUDDA FUNGUS 40
4.3.3 SOUTHWEST MUSHROOMS 40
4.3.4 HYPHA WELLNESS JAMAICA 40
4.3.5 YERBA BUENA FARM JAMAICA 41
4.4 FACTORS INFLUENCING PURCHASING DECISION OF END-USERS 42
4.5 GROWTH STRATEGIES ADOPTED BY MARKET PLAYERS 44
4.6 INDUSTRY TRENDS AND FUTURE PERSPECTIVES 45
4.6.1 CANNED MUSHROOMS 45
4.6.2 FUTURE PERSPECTIVE 45
4.7 PRODUCTION CAPACITY OF KEY MANUFACTURERS 46
4.7.1 MAGNIFICENT MUSHROOMS 46
4.7.2 WELL MUDDA FUNGUS 46
4.7.3 SOUTHWEST MUSHROOMS 46
4.7.4 HYPHA WELLNESS JAMAICA 46
4.7.5 YERBA BUENA FARM JAMAICA 47
4.8 SUPPLY CHAIN ANALYSIS 48
4.8.1 OVERVIEW 48
4.8.2 LOGISTIC COST SCENARIO 48
4.8.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 48
4.9 TECHNOLOGICAL INNOVATIONS IN PROCESSING METHODS 50
4.9.1 COLD CHAIN LOGISTICS 50
4.9.2 MODIFIED ATMOSPHERE PACKAGING (MAP) 50
4.9.3 DEHYDRATION AND FREEZE-DRYING 50
4.9.4 BLOCKCHAIN TECHNOLOGY 50
4.10 VALUE CHAIN ANALYSIS 51
5 MARKET OVERVIEW 53
5.1 DRIVERS 55
5.1.1 SHIFTING CONSUMER PREFERENCE TOWARDS PLANT-BASED OR VEGAN DIETS 55
5.1.2 RISING CONSUMER AWARENESS OF THE HEALTH BENEFITS OF MUSHROOMS 56
5.1.3 EXPANSION OF SUSTAINABLE AGRICULTURE PRACTICES AND RISING GOVERNMENT SUPPORT FOR AGRIBUSINESS 57
5.2 RESTRAINTS 59
5.2.1 IMPACT OF MUSHROOM'S SHORT SHELF LIFE 59
5.2.2 HIGH PRODUCTION AND OPERATIONAL COSTS OF MUSHROOM CULTIVATION 60
5.3 OPPORTUNITIES 61
5.3.1 GROWING DEMAND FOR FUNCTIONAL FOODS 61
5.3.2 GROWTH OF ORGANIZED RETAIL CHAINS AND SUPERMARKETS 62
5.4 CHALLENGES 64
5.4.1 CLIMATE CHALLENGES IN DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS 64
5.4.2 INSUFFICIENT COLD STORAGE AND TRANSPORTATION FACILITIES 65
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6 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET, BY TYPE 66
6.1 OVERVIEW 67
6.2 BUTTON MUSHROOMS 68
6.3 OYSTER MUSHROOMS 68
6.4 SHIITAKE MUSHROOMS 68
6.5 TRUFFLES MUSHROOMS 69
6.6 MATSUTAKE MUSHROOMS 69
6.7 REISHI MUSHROOMS 69
6.8 OTHERS 69
7 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET, BY FORM 70
7.1 OVERVIEW 71
7.2 FRESH MUSHROOM 72
7.3 DRIED MUSHROOM 72
7.4 FROZEN MUSHROOM 72
7.5 CANNED MUSHROOM 72
8 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET, BY NATURE 73
8.1 OVERVIEW 74
8.2 ORGANIC 75
8.3 CONVENTIONAL 75
9 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET, BY APPLICATION 76
9.1 OVERVIEW 77
9.2 HORECA INDUSTRY 78
9.2.1 RESTAURANTS, TYPE 79
9.3 HOUSEHOLD/RETAIL 79
10 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET, BY DISTRIBUTION CHANNEL 80
10.1 OVERVIEW 81
10.2 STORE-BASED RETAILING 82
10.3 NON-STORE-BASED RETAILING /ONLINE RETAILERS 82
?
11 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET 83
11.1 DOMINICAN REPUBLIC 84
11.2 THE CARIBBEAN ISLANDS 87
11.2.1 JAMAICA 91
11.2.2 CUBA 94
11.2.3 HAITI 97
11.2.4 PUERTO RICO 100
11.2.5 DOMINICA 103
11.2.1 THE BAHAMAS 106
11.2.2 BARBADOS 109
11.2.3 ANTIGUA AND BARBUDA 112
11.2.4 HISPANIOLA 115
11.2.5 REST OF CARIBBEAN ISLANDS 118
12 DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS MUSHROOM MARKET: COMPANY LANDSCAPE 119
12.1 COMPANY SHARE ANALYSIS: DOMINICAN REPUBLIC AND THE CARIBBEAN ISLANDS 119
13 SWOT ANALYSIS 120
14 COMPANY PROFILES 121
14.1 SOUTHWEST MUSHROOMS 121
14.1.1 COMPANY SNAPSHOT 121
14.1.2 PRODUCT PORTFOLIO 121
14.1.3 RECENT DEVELOPMENT 121
14.2 HYPHA WELLNESS JAMAICA 122
14.2.1 COMPANY SNAPSHOT 122
14.2.2 PRODUCT PORTFOLIO 122
14.2.3 RECENT DEVELOPMENT 122
14.3 YERBA BUENA FARM JAMAICA 123
14.3.1 COMPANY SNAPSHOT 123
14.3.2 PRODUCT PORTFOLIO 123
14.3.3 RECENT DEVELOPMENT 123
14.4 WELL MUDDA FUNGUS 124
14.4.1 COMPANY SNAPSHOT 124
14.4.2 PRODUCT PORTFOLIO 124
14.4.3 RECENT DEVELOPMENT 124
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14.5 MAGNIFICENT MUSHROOMS 125
14.5.1 COMPANY SNAPSHOT 125
14.5.2 PRODUCT PORTFOLIO 125
14.5.3 RECENT DEVELOPMENT 125
14.6 BAGHEL AGRO INDUSTRIES 126
14.6.1 COMPANY SNAPSHOT 126
14.6.2 PRODUCT PORTFOLIO 126
14.6.3 RECENT DEVELOPMENT 126
15 QUESTIONNAIRE 127
16 RELATED REPORTS 130
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