Initiating a Mushroom Farming Startup and its Future Potential in Bangladesh

Abstract

This study explores mushroom farming in Bangladesh, covering production, performance, challenges, and prospects. The paper aims to provide practical insights for potential entrepreneurs, as the mushroom industry gains momentum due to rising domestic demand and export potential. In 2018-2019, Bangladesh yielded 40,000 metric tons of mushrooms, with oyster mushrooms notably cultivated year-round among other varieties. Because of the possibility for profit, mushroom farming is becoming more and more appealing to educated young people and rural women. The research highlights its straightforward nature, requiring minimal technical expertise, and a favorable benefit-cost ratio, indicating its viability as an agricultural pursuit. However, challenges persist, including limited cultivation space, spawn supply, finances, skilled labor, marketing channels, and infrastructure. Despite these hurdles, the potential for nationwide mushroom cultivation is significant. Developing this sector could foster sustainable rural growth, crucial amid limited land, overpopulation, and unemployment. Additionally, expanding the industry could diversify business opportunities and employment in semi-urban and remote areas.