The global canned mushroom market size was evaluated at USD 9.64 billion by 2024 and is projected to gain around USD 16.96 billion by 2034 with a CAGR of 5.81% between 2024 and 2034.
Key Takeaways
- Asia Pacific dominated the canned mushroom market with the largest market share of 36% in 2023.
- North America’s canned mushroom market is expected to grow at the fastest rate during the forecast period.
- By product, the button mushroom segment contributed the biggest market share of 58% in 2023.
- By product, the shiitake mushroom segment is expected to grow at the fastest CAGR of 6.52% over the forecast period.
- By nature, the conventional segment led the market in 2023.
- By nature, the organic segment is anticipated to show the fastest growth during the projected period.
- By form, the whole segment dominated the canned mushroom market in 2023
- By form, the sliced segment is anticipated to grow at a faster rate during the studied period.
- By application, the household segment dominated the market in 2023 with the largest market share.
- By application, the restaurant segment is projected to grow at a notable CAGR of 6.18% during the forecast period.
- By distribution channel, the supermarket/hypermarket segment accounted for the highest market share of 46% in 2023.
- By distribution channel, the online segment is expected to expand at a solid CAGR of 7.33% during the projected period.
Get Sample Copy of This Report@ https://www.precedenceresearch.com/sample/5115
Market Overview:
The Canned Mushroom Market refers to the segment of the food industry focused on the production, distribution, and sales of mushrooms preserved in cans. Canned mushrooms, available in various forms such as whole, sliced, or pieces and stems, offer a convenient, long-lasting alternative to fresh mushrooms. They are widely used in various cuisines and food applications such as soups, sauces, salads, and ready-to-eat meals. The market is driven by consumer demand for shelf-stable, easy-to-use ingredients that complement the growing trend of convenience foods globally.
Growth Factors:
Several factors contribute to the growth of the canned mushroom market. The increasing urbanization and busy lifestyles of consumers are boosting demand for ready-to-use food products, which, in turn, fuels the demand for canned mushrooms. Additionally, the longer shelf life of canned mushrooms compared to fresh ones appeals to both consumers and the food service sector. The rise in veganism and plant-based diets also plays a crucial role in expanding the market, as mushrooms are often seen as a meat substitute due to their texture and flavor.
Market Scope
| Report Coverage | Details |
| Market Size by 2034 | USD 16.96 Billion |
| Market Size in 2024 | USD 9.64 Billion |
| Market Growth Rate from 2024 to 2034 | CAGR of 5.81% |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product, Nature, Form, Application, Distribution Channel, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Market Dynamics
Drivers
Key drivers of the market include the expanding food processing industry and the growing trend toward convenience and packaged foods. Consumers are increasingly opting for processed foods that require minimal preparation, making canned mushrooms an attractive choice. The consistent availability of mushrooms in all seasons through canning processes ensures year-round supply, irrespective of the local harvest seasons, driving further demand. Additionally, advancements in canning technologies that retain the nutritional value and taste of mushrooms contribute to the market’s growth.
Opportunities
The market offers several opportunities for expansion. The growing awareness of health benefits associated with mushrooms, such as their high nutrient content (rich in vitamins, antioxidants, and fiber), presents an opportunity to market canned mushrooms as a healthy, ready-to-eat food option. The rising popularity of ethnic cuisines, particularly in regions like North America and Europe, also opens doors for the inclusion of mushrooms in various dishes. Moreover, expanding distribution channels, particularly through online retail, could help manufacturers reach a broader audience and tap into emerging markets.
Challenges
The canned mushroom market faces some challenges, including increasing competition from fresh and frozen mushroom segments, which some consumers perceive as healthier and fresher alternatives. Additionally, the growing environmental concerns over the use of non-biodegradable packaging materials like cans may create pressure for manufacturers to adopt more sustainable practices. Fluctuations in the prices of raw materials, such as mushrooms, and logistical challenges in the supply chain could also hinder market growth.
Region Insights
Regionally, North America and Europe dominate the canned mushroom market due to high demand for processed and convenience foods. In Asia-Pacific, countries like China and India are emerging as significant markets, driven by rapid urbanization, increasing disposable incomes, and a growing preference for Western diets that incorporate canned ingredients. The Middle East & Africa and Latin America regions also show potential for market expansion, especially with the rise of modern retail chains and increasing consumer awareness of packaged and processed food products.
Read Also: Video Management System Market Size to Gain USD 108.77 Billion by 2034
Recent Developments
- In January 2024, Giorgio Foods expanded its product line with the announcement of a new brand of stuffed mushrooms. The firm wants to provide tasty and quick meal alternatives in response to the increasing demand. To satisfy a wide range of palates, the newest product line will include a variety of filling flavors. Giorgio’s foray into stuffing mushrooms is in line with the prevailing inclinations toward prepared and high-end cuisine options.
- In February 2024, from February 19 to 23, Procham, a canned mushroom expert located in the Netherlands, displayed its most recent offerings at the Gulfood Trade Show in Dubai.
Canned Mushroom Market Companies
- Bonduelle Group
- Greenyard NV
- B&G Foods Inc.
- The Mushroom Company
- Monterey Mushroom Inc.
- Dhruv Agro
- Prochamp B.V.
- Monaghan Mushroom Ltd.
- Shanghai Finc Foods Co. Ltd.
- Others
Segments Covered in the Report
By Product
- Button Mushroom
- Shiitake Mushroom
- Oyster Mushroom
- Morel Mushroom
- Others
By Nature
- Organic
- Conventional
By Form
- Whole
- Sliced
- Chopped
- Others
By Application
- Household
- Restaurants
By Distribution Channel
- Supermarkets/Hypermarkets
- Departmental Store
- Convenience Store
- Online
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Buy This Premium Research Report@ https://www.businesswebwire.com/video-management-system-market/
Contact Us:
Mr. Alex
Sales Manager
Call: + 1 804 441 9344
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
Blog: https://www.dailystatsnews.com/
Blog: https://www.dailytechbulletin.com/
Blog: https://www.reportsgazette.com/