Global Canned Mushroom Market is estimated to be valued at US$ 11.24 Bn in 2021, according to the Global Canned Mushroom Market Report, by Product Type (Button Canned Mushroom, Shiitake Canned Mushroom, Oyster Canned Mushroom, Morel Canned Mushroom, and Others (Portabello)) and by Application (Household and Restaurant), by Region (North America, Europe, Asia Pacific, South America, and Middle East, Africa), published by Coherent Market Insights.
Global canned mushroom market was valued at US$ 11.24 Bn in 2021. Global Canned Mushroom Market is expected to register a CAGR of 4.04 % over the forecast period (2022–2030), to reach US$ 16.03 Bn by 2030.
Increasing consumer awareness towards low-calorie diets and healthy food products globally is expected to lead to high demand for canned mushrooms. This is owing to the high nutritive content of mushrooms such as high in proteins, fiber, vitamin B and vitamin C, calcium, and other minerals. Furthermore, canned mushrooms can be added to salads, pizzas, and in rice preparations. Canned mushrooms are a nutritional substitute for fresh mushrooms. According to the National Institute of Health (NIH), the nutritional value of canned mushrooms for 1 cup is 39 calories, 3 grams of protein, 0.5 grams of fat, and 8 grams of carbohydrate, including 4 grams of fiber. A major restraining factor for the growth of the market is the availability of alternatives such as dried and frozen mushrooms. Moreover, the short shelf life of canned mushrooms is also expected to reduce the adoption of canned mushrooms, thus hampering the growth of the market.
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Key Trends and Analysis of the Global Canned Mushroom Market:
- The button canned mushroom segment was a dominant segment in the global canned mushroom market in 2021 and is expected to exhibit a similar trend over the forecast period. Button canned mushrooms offer various health benefits such as boosting heart health, aiding in improving immunity, and combating allergies.
- Restaurant segment is expected to be significant growth in the canned mushroom market during the forecast period. Canned mushroom is a good choice when fresh mushrooms are out of season, expensive, or unavailable in restaurants. It is used in various delicacies such as pasta sauce, soups, omelets, quiches, and casseroles.
Key Takeaways of the Global Canned Mushroom Market:
- Europe held a significant market share in 2021 in the global canned mushroom market. Canned mushroom market has been rapidly growing in European regions in the recent past and it is expected to exhibit growth over the forecast period. In Europe, key players are strategically focusing on mergers and acquisitions for product portfolio expansion and this is expected to boost growth of the canned mushroom market during the forecast period (2021-2030).
- Asia Pacific is the fastest-growing region in the global canned mushroom market and accounted for a market share of 35.2% in 2021. Rising government initiatives for encouraging mushroom cultivation in emerging economies such as China and India are expected to positively impact the regional market. For instance, the Government of India launched a plan National Horticulture Board (NHB) to improve the integrated development of the horticulture industry and processing of mushrooms. This is expected to aid in the growth of the canned mushroom market in the region in 2021.
- Key players operating in the 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.
