In Nigeria, mushroom farming has become a great alternative for vegetable farmers at the moment because it offers new business opportunities. It was neglected and overlooked in the past but is now of great consideration.
As reported by the Nigeria National Farmers Information Service, the country currently produces 300 tonnes of mushrooms annually against 1200 tonnes of annual demand, which makes it a lucrative and profit-oriented business. The annual growth is projected to be worth $20.4 billion by 2025.
The major factors fueling this increasing demand include its health benefits, cost-effective production, and the level of high awareness and consciousness to eat and choose healthy diets.
According to experts, mushrooms are in high demand in the food industry and are often recommended by doctors and nutritionists. It was also discovered that, due to its rich nature, it is one of the most sought-after vegetables by most hotels and restaurants, where it is employed as a great addition to local meals and global dishes.
Globally, the mushroom farming market has been projected to witness significant growth, owing primarily to its rising demand and acceptability across the world.
In terms of time and cost, it is a profitable and low-risk business. And unlike many other agribusinesses, mushroom farming requires little operating costs, like N90,000 -N120,000 depending on the size of your farm.
However, one reason potential investors or farmers should explore mushroom farming is that during the dry season, mushrooms become increasingly scarce, depriving the market of consistent supply until the following wet season. This makes mushroom supplies relatively seasonal in many places of the world where they are consumed.
Due to that, farmers can make more money during the dry season when supply frequently falls short of demand. This is why you should plant mushrooms in your garden or complex for profit all year and make some cool cash.
Read more at Agro Nigeria: Mushroom Farming: A Business With Tremendous Potential https://agronigeria.ng/?p=78933