rticle page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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A
Beginner’s Guide to Starting a Profitable Mushroom Farming
Business in Nigeria
The global demand for mushrooms
has witnessed significant growth in recent years, driven by an
increasing vegan population demanding a protein-rich diet and
its recognition as a superfood packed with
nutritional contents.
According to a new report by
Grand View Research, Inc. the global mushroom market size was
valued at $50.3 billion in 2021 and is expected to expand at a
compound annual growth rate (CAGR) of 9.7 per cent from 2023 to
2030. China is ranked the world’s largest producer with 5.1
million metric tonnes of annual production, an estimated 75 per
cent of global production, making it the biggest mushroom market
globally.
Nigeria produces barely 500 metric tons of mushroom, which is way less than its production capabilities, amids its about 1500 metric tons per annual consumption rate, which leads to high imports due to inadequate production.
Nigeria’s mushroom farming sector
presents immense opportunities for new entrants, given rising
demand and limited local production. Mushrooms enjoy wide
consumption across soups, stews, and other Nigerian cuisines.
With the right planning and execution, a mushroom farming
venture can offer sustainable revenues.
You can make 3m from mushroom
cultivation from a plot of land in less than three months. That
means you can make times 4 of that amount in a year if you plant
four times within the same plot
it is cheaper to set up a
mushroom farm because it requires little space to grow and can
be started with N15,000 to N50,000 depending on how big you want
your mushroom farm to be.Nigeria can earn as much as 1 trillion
naira annually if the sector is properly developed.
Why Mushroom farming
.
It doesn’t require ploughing of land, weeding, fertilizer
application nor any agronomical practices of such.
.
Mushroom is a bio-converter that converts organic waste
into useful food. That is why some wastes such as; saw duct,
grass, paper, leaves are straws.
.
It matures within 45 days after planting, faster than
certain crops like beans farming..
.
Mushroom farming require less capital and is very
affordable.
.
Very satisfying when eaten, it is rich in protein,
contains vitamin and can replace meat with cholesterol in food.
Get our valuable resource
information on Mushroom FarmingOur ebook and video information
contain a detailed guide
that covers key factors to
consider when starting a new mushroom agribusiness in Nigeria
from the scratch
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