Canned mushrooms are made from fresh mushrooms by trimming, washing, and sorting and stored in a sealed container. A specific temperature or heat is provided to assure the 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 are added to these mushrooms to improve their shelf life.
Global Canned Mushroom Market was valued at US$ 11.24 Bn in 2021 in terms of revenue, exhibiting a CAGR of 4.04 % during the forecast period (2022 to 2030).
Drivers
The growing need for convenience foods owing to hectic lifestyles is one of the key drivers supporting the global canned mushroom market growth. The hectic lifestyle of millennials increased the demand for convenient, nutritious food offerings and canned foods such as canned mushrooms. The airtight, sealed metal containers increase the shelf life and help retain the nutrition of food products. Canned food products also cater to health-conscious consumers, who look for nutritious food products. The taste and quality of food products are preserved against various conditions by the metal containers, from manufacturing to supplying to distributing outlets. Moreover, cans made of steel efficiently protect the canned content from deterioration due to light. Such advantages will drive the market growth during the forecast period.
The regional market witnessed certain challenges due to the COVID-19 pandemic in 2020. However, the initiation of vaccination drives across most European countries such as Germany, the U.K., France, and Russia decreased the daily number of COVID-19 cases. This factor encouraged the governments to lift lockdown restrictions, which led the manufacturers to resume their production.
Figure 1. Global Canned Mushroom Market Value Share (%), By Region, 2021
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Market Restraints
The threat of contamination is one of the factors hindering the global canned mushroom market growth. Most vendors purchase or source raw materials from third-party suppliers. Improper handling of these supplies can result in food contamination. One of the most common reasons for food poisoning is the spread of germs onto food from other food, surfaces, equipment, and hands. It can result in products being discarded or recalled, which could affect a company's operation and sales. Meanwhile, inspection bodies have the right to shut down a business because of unsafe and unhygienic activities related to food and have the authority to seize food and beverage products that are a threat to the well-being of consumers. Such threats are hindering the market growth.
This canned mushroom market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2030.
Canned Mushroom Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 11.24 Bn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 4.04 % | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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. |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
Growing desire to live a healthy lifestyle has resulted in increased consumption of processed foods with health benefits. Consumers have recently become more concerned about their nutrition. Consumers across the globe are more likely to consume healthy foods with no side effects. As canned mushrooms are high in minerals, dietary fibers, vitamins, proteins, and other nutrients that consumers do not get from other food products, which can be gain through global canned mushrooms market.
Figure 2. Global Canned Mushroom Market Value Share (%), By Product Type, 2021
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Recent Developments
Competitive Section
Major players operating in the global canned mushroom market include 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.
Frequently Asked Questions
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