Canned Mushroom Market Size 2024-2028

The canned mushroom market size is projected to increase by USD 2.07 billion, at a CAGR of 8.1% between 2023 and 2028. The growth of the market depends on several factors, including the hectic lifestyle of millennials, increased penetration of the internet, and the rising awareness of the health benefits of mushrooms among consumers. Millennials, known for their fast-paced lifestyles, are increasingly seeking convenient and nutritious food options, driving demand for canned mushrooms. The widespread penetration of the internet has facilitated easier access to information and products, promoting the benefits of mushrooms and healthy snacks and boosting consumer awareness. Additionally, growing awareness of the health benefits associated with mushrooms, such as their rich nutrient profile and potential health benefits, has led consumers to incorporate them more into their diets. Together, these factors are propelling the market expansion and encouraging innovation in canned mushroom products

What will be the Size of the Canned Mushroom Market During the Forecast Period?

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Canned Mushroom Market Segmentation

The canned mushroom market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Product
  • Canned button mushroom
  • Canned shiitake mushroom
  • Canned oyster mushroom
  • Other canned mushroom
• End-user
  • Household
  • HoReCa
• Geography
  • Europe
    • UK
  • APAC
    • China
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

By Product

The canned button mushroom segment will be significant during the forecast period. Button mushrooms, also known as white mushrooms, are a popular and versatile culinary ingredient, readily available year-round. These mushrooms are commonly used in various dishes, including casseroles, soups, and salads. While their culinary applications are well-known, the health benefits of button mushrooms may not be as widely recognized. However, a closer look at their nutritional profile reveals their value as a health-promoting food. Button mushrooms are rich in essential minerals such as potassium, phosphorus, and selenium. They also contain essential vitamins like riboflavin, niacin, pantothenic acid, and copper. Consumption of these mushrooms has been linked to the prevention and management of certain health conditions. For instance, potassium is crucial for heart health, while selenium is an essential antioxidant that helps protect the body from oxidative stress. Phosphorus is vital for bone health, and copper plays a role in the production of collagen and melanin.

The canned button mushroom segment was valued at USD 1.23 billion in 2018 and showed a gradual increase during the forecast period.  Moreover, button mushrooms have been studied for their potential role in cancer prevention, specifically prostate cancer. They contain ergothioneine, a unique antioxidant that may help protect against oxidative stress and inflammation. Additionally, they have been shown to help balance the production of estrogen in the body. Given their nutritional benefits, the demand for button mushrooms is expected to remain strong during the forecast period. Cooked mushrooms, often canned in brine or water, offer convenience and extended shelf life, making them a popular choice for consumers seeking a nutritious and versatile ingredient.

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Regional Analysis

Europe is estimated to contribute 40% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.  The European canned mushroom market is experiencing steady growth due to increasing consumption in Central and Eastern European countries. This nutritious and affordable food item offers several essential nutrients, including riboflavin, niacin, potassium, phosphorus, copper, pantothenic acid, selenium, and a small amount of sodium from the brine. Consumers in Europe are increasingly opting for private-label canned mushrooms due to their cost-effectiveness. The economic downturn has led to a decrease in purchasing power, making canned mushrooms an attractive alternative to fresh foods. The European food and beverage sector's rising household expenditure will further fuel the growth of the canned mushroom market. The nutritional profile of cooked mushrooms, rich in essential vitamins and minerals, makes them a popular choice for consumers seeking affordable and nutritious options.

Canned Mushroom Market Dynamics

Canned mushrooms are a popular pantry staple, offering the convenience of having edible mushrooms readily available all year round. These fungi are rich in essential nutrients such as calcium, contributing to bone health, and proteins, aiding in maintaining healthy weight and muscle growth. However, it's crucial to consider the sodium content, often added as preservatives, which can lead to health risks like hypertension and cardiovascular diseases if consumed excessively. Rinsing canned mushrooms before use can help reduce the sodium intake. Fresh varieties of mushrooms offer similar nutritional values, including carbohydrates, dietary fiber, and antioxidants, but canned versions have the advantage of longer shelf life. Nutrition facts reveal that canned mushrooms provide daily value of essential minerals and vitamins, including B vitamins, copper, potassium, and selenium.

Despite their numerous benefits, canned mushrooms may pose health risks due to BPA exposure from the cans, hormonal imbalances, nutrient loss, and potential contamination. To mitigate these risks, opt for BPA-free cans and choose reputable brands. Canned mushrooms are versatile and have best uses in various dishes, from savory pastas to hearty stews. Their low glycemic index makes them a suitable option for individuals managing blood sugar levels. Additionally, canned mushrooms are rich in antioxidants, supporting immune function and overall health. Remember, moderation is key to enjoying the benefits of canned mushrooms while minimizing potential health risks.

Key Market Driver

The growth of the market is being driven by the busy lifestyle of millennials who demand convenient and nutritious food options, such as canned mushrooms. The air-tight seal of the metal containers preserves the mushrooms' nutritional value, taste, and quality, making them an attractive option. The market is also benefiting from factors like longer shelf-life, quicker cooking time, and ease of preparation, with companies offering single-serve packs and various options to cater to consumers' needs.

Moreover, the increasing global internet penetration is fueling the growth of the market. This is due to the wider range of options, ease of product search, and attractive deals available to consumers through e-commerce.  This trend is prompting global companies to focus on the tech-savvy consumer segment and explore new online retail formats, potentially boosting canned mushroom market growth during the forecast period.

Significant Market Trend

Manufacturers' focus on product innovation is a key trend influencing canned mushroom market growth. With the growing demand for chemical-free canned foods, manufacturers are incorporating this trend into their marketing strategies. To ensure safety and hygiene, many companies are now offering cans that are free of BPA, with polyester-based substances coated on the inside. Conagra Brands and Hain Celestial Group Inc. (Hain Celestial) are among the companies offering these types of cans, with some or all of their products available in BPA-free cans.

Additionally, a new technology has emerged that uses soybean resin to protect highly acidic food products like canned mushrooms against corrosion in steel and aluminum cans. As regulations become more stringent and concerns about consumer health continue to rise, such innovations are expected to be a major trend in the forecast period.

Major Market Challenge

The risk of heart disease and infertility associated with excessive consumption of BPA is a key challenge impeding the canned mushroom market growth. Addressing challenges in the canned food market can be a task for companies, as they must contend with risks such as corrosion of containers and changes in taste and texture of food as it nears its end of shelf-life. Additionally, government regulations can hinder the entry of new players, restrict labeling and marketing, and impose requirements for product information, such as net quantity, ingredients, manufacturing and expiration dates, and storage conditions.

For instance, the European Food Safety Authority (EFSA) monitors canned food labeling to ensure it does not contain toxic materials. These stringent regulations can potentially impact the growth of convenience foods like canned mushrooms in the forecast period.

Key Canned Mushroom Market Companies & Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

• Key Offering- American Garden: The company offers canned mushroom where the whole mushrooms are picked and chosen with care, and then canned in natural ingredients to preserve their authentic flavor.

The canned mushroom market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about Key companies, including:

Amish Country Store, BONDUELLE SA, Commercial Mushroom Producers Co. Operative Society Ltd., Costa Group Holdings Ltd., DB TOMATO XIAMEN INDUSTRY CO. MLTD., Fujian Haishan Foods Co. Ltd., Giorgio Fresh Co., Greenyard NV, Jolly Pure Goodness, Monaghan Mushrooms Ireland Unlimited Co., Monterey Mushrooms Inc., Prochamp BV, Revant Foods Pvt. Ltd., Roland Foods LLC, South Mill Champs, SUN IMPEX INTERNATIONAL FOODS LLC, Wegmans Food Markets, and XIAMEN AMOYTOP IMPORT and EXPORT CO. LTD.

The canned mushroom market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Mushrooms, a type of edible fungi, have been a staple in various cuisines for centuries. Known for their unique flavors and textures, mushrooms offer numerous health benefits due to their rich nutritional profile. Among the many forms of mushrooms, canned mushrooms have gained popularity for their convenience and extended shelf life. Canned mushrooms undergo a preservation process, which involves cooking and then packing them in brine or oxygen-free conditions. This process retains the nutritional value of fresh mushrooms, making canned mushrooms an excellent alternative to fresh ones. Colors ranging from brown to white, canned mushrooms add an enticing touch to various dishes. They are a rich source of essential vitamins and minerals, including riboflavin, niacin, potassium, phosphorus, copper, pantothenic acid, and selenium. These nutrients contribute to various bodily functions, such as energy production, oxygen transport, and bone health. Canned mushrooms are an excellent meat substitute for individuals following vegetarian or vegan diets. They provide a good amount of protein, contributing to the growth and repair of body tissues.

Additionally, they are low in saturated fats and calories, making them a healthier choice compared to meat. The nutritional benefits of canned mushrooms extend beyond their protein content. They are also rich in dietary fiber, which plays a crucial role in maintaining a healthy digestive system. Fiber helps regulate the digestive process by adding bulk to the food and promoting the production of healthy bacteria in the gut. It also aids in the elimination of waste products, including fecal matter. Cooked mushrooms, whether fresh or canned, offer a wide range of health benefits. They are low in sodium, making them an ideal addition to low-sodium diets. However, it is essential to choose canned mushrooms with minimal added sodium to maintain a healthy diet. The nutritional profile of canned mushrooms includes essential vitamins and minerals that contribute to overall health. Riboflavin and niacin are essential B vitamins that help convert food into energy. Potassium and phosphorus are essential minerals that contribute to bone health and healthy teeth.

Further, copper and selenium are trace minerals that play vital roles in various bodily functions, such as energy production and antioxidant activity. In conclusion, canned mushrooms are a nutritious and versatile food option that offers numerous health benefits. They are a rich source of essential vitamins and minerals, including riboflavin, niacin, potassium, phosphorus, copper, pantothenic acid, and selenium. Additionally, they are a good source of protein, fiber, and other essential nutrients, making them an excellent addition to a balanced diet. Canned mushrooms' convenience and extended shelf life make them a popular choice for individuals looking for a nutritious and versatile food option.

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What are the Key Data Covered in this Canned Mushroom Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market  trends and changes in consumer behavior
• Growth of the market across Europe, APAC, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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