Global Canned Mushrooms Market - Insights
Canned mushroom are made from fresh mushroom by trimming, washing, and sorting and stored into sealed container. Specific temperature or heat is provide to these to assure preservation of the mushrooms. Canned mushrooms contain high quality protein and essential nutrients, which are an important part of a healthy diet.
Canned mushrooms provide nutrients ranging from protein, B vitamins and vitamin C, fiber, calcium, and minerals. Salt or monosodium glutamate and ascorbic acid is added to these mushrooms to improve its shelf life.
Canned mushroom offer several benefits such as low calories, low-sodium content, fat-free and cholesterol-free, which is vital for healthy cognitive functions and immune system. Furthermore, mushroom has anti-aromatase activity, which inhibit aromatase enzyme. Aromatase enzyme produces carcinogenic agent called estrogen, which stimulates growth of the hormone-receptor-positive breast cancer cells. Canned mushroom reduces the risk of developing cancer, which is driving growth of the market. According to the World Health Organization (WHO), cancer is a leading cause of death worldwide accounting for 8.8 million death cases due to cancer in 2015. The most common cancers are lung, breast, colorectum, and prostate cancer. However, availability of various alternatives such as dried and frozen mushrooms are expected to drive growth of the market.
According to a Coherent Market Insights’ study, global canned mushroom market was valued at US$ 9.7 billion in 2017 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the canned mushroom market due to rising consumer awareness about nutritional value and health benefits of mushroom across the globe.
For instance, according to National Horticulture Board (NHB), protein in mushroom has high digestibility around 60-70% and it contains amino acids used as a healthy food. Furthermore, canned mushrooms are available throughout all the seasons of the year. Therefore, this is another major factor driving growth of the market.
Figure 1. Global Canned Mushroom Market Share, By Product Type, 2017
On the basis of product type, button canned mushroom segment is expected to witness significant growth in the market, due to rising demand for button mushroom in the market. According to The Agricultural and Processed Food Products Export Development Authority (APEDA), large scale of white button mushroom production is mainly centred in to Europe, North America, and Asia Pacific.
For instance, according to Indian Council of Agricultural Research, total mushroom production in India was valued at 0.13 million tons in 2017 with average growth rate of 4.3% from 2016. Out of total mushroom production, white button mushroom share was 73% followed by oyster mushroom (16%), paddy straw mushroom (7%) and milky mushroom (3%).
Figure 2. Global Canned Mushroom Market Share, By Region, 2017
North America canned mushroom market was valued at US$ 2.6 Billion in 2017. The U.S. held major market share in the North America canned mushroom market. High production and consumption of processed mushroom such as canned mushroom is increasing in North America and this is expected to positively impact on the total canned mushroom market.
For instance, according to U.S. Department of Agriculture National Agricultural Statistics (USDA), in the U.S., total mushroom market was valued at US$ 1.2 billion in 2016 with production of different mushrooms including varieties such as oyster mushrooms and shiitake grew by 4% from 2015 and reached to 25.4 million pounds with a sales value of US$ 92.6 million in 2016.
Key players operating in the canned mushroom market includes Costa Group, Okechamp SA., Monterey Mushrooms Inc., Greenyard, Prochamp, The Mushroom Company, Monaghan Mushrooms, Muniraj Mushroom Farm, Dhruv Agro, and Shanghai Finc Food Co., Ltd.
Canned mushrooms provide nutrients ranging from protein, B vitamins and vitamin C, fiber, calcium, and minerals. Salt or monosodium glutamate and ascorbic acid is added to these mushrooms to improve its shelf-life. Mushroom are marketed as a fresh, dried and preserved. Canning is the process of preserving mushroom pieces in butter, brine, oil, vinegar etc. It involves basic operations such as cleaning, blanching, sterilization, cooling and labelling.
Increasing consumer preference towards healthy and protein enriched food due to its Nutritional value is expected to aid in growth of the market. Mushroom are potential substitute of muscle protein on accounted of their high digestibility. For instance, For instance, according to National Horticulture Board (NHB), protein in mushroom has high digestibility around 60-70% and it contains amino acids used as a healthy food.
A major restraining factor for growth of the market is availability of alternatives such as dried and frozen mushrooms.
Canned mushroom market in Asia Pacific is expected to witness rapid growth registering highest CAGR during the forecast period, owing to demand and production of edible mushroom in emerging economies such as China and India. For instance, according to China Edible Fungi Association (CEFA), edible mushroom production (Dried, salted and Canned Mushroom) was valued at 34.6 million tons in 2014 and expected to reach at 48.9 million tons by 2018, representing a CAGR of 9.1%.
By region, North America and Europe held significant market share in the global canned mushroom market. Asia Pacific held a major market share of 35.2% in 2017.
Key features of the study:
Table of Contents
* Browse 150 market data tables* and 90 figures* on "Canned Mushroom Market” - Global forecast to 2025.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.