by The global canned mushroom market size reached USD 9.64 billion by 2024 and is anticipated to cross around USD 16.96 billion by 2034 with a CAGR of 5.81% from 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.
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Market Overview
The canned mushroom market is a growing sector within the global canned vegetable industry. Canned mushrooms offer a convenient, shelf-stable option for consumers who want to add mushrooms to their meals without the need for preparation or cooking. These mushrooms are typically packed in water, brine, or other solutions to maintain their flavor, texture, and nutritional value. The market is witnessing increased demand as consumers seek quick and accessible food options, with canned mushrooms being a popular ingredient in soups, sauces, pizzas, and various ready-to-eat meals. Key varieties in the market include button, shiitake, and oyster mushrooms, catering to diverse culinary needs.
Growth Factors
The rise in demand for convenient and ready-to-eat foods is a primary factor driving the growth of the canned mushroom market. Urbanization, busy lifestyles, and the growing number of working individuals contribute to the demand for easy-to-use ingredients. Additionally, canned mushrooms are affordable and widely available, making them a popular choice among consumers. The growing awareness of the health benefits associated with mushroom consumption—such as being a low-calorie source of fiber, protein, and antioxidants—further supports market growth. As people become more health-conscious, mushrooms are increasingly included in their diets for their nutritional value.
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
The expanding global foodservice industry, particularly the growth in fast-food chains, restaurants, and hotels, significantly boosts the canned mushroom market. Canned mushrooms offer foodservice providers a cost-effective and time-saving ingredient, as they have a longer shelf life compared to fresh mushrooms. Moreover, the increasing popularity of plant-based diets and vegetarian cuisine is driving demand, as mushrooms are commonly used as meat substitutes. The strong distribution networks, including online grocery platforms, also make canned mushrooms more accessible, catering to a wider audience.
Opportunities
The canned mushroom market presents numerous opportunities for growth, particularly in emerging economies where the demand for processed foods is rising. Manufacturers are focusing on introducing organic and low-sodium options to cater to health-conscious consumers. Innovation in packaging technology, such as BPA-free cans and easy-open lids, can enhance consumer appeal and market reach. Additionally, the growing trend of gourmet cooking at home has opened up avenues for premium canned mushroom products, offering different varieties and flavors to satisfy diverse tastes. Expansion into untapped markets and strategic partnerships with retailers also offer potential for growth.
Challenges
Despite its advantages, the canned mushroom market faces challenges, primarily due to competition from fresh and frozen mushroom products. Fresh mushrooms are often preferred by consumers for their natural taste and texture, while frozen mushrooms retain a closer resemblance to fresh mushrooms than canned. There is also concern about the high sodium content in some canned products, which can deter health-conscious consumers. Moreover, the production and canning process can sometimes alter the taste and nutritional content of mushrooms, which may not appeal to all consumers. Finally, supply chain disruptions and fluctuating raw material costs can impact production and pricing.
Region Insights
The Asia-Pacific region dominates the canned mushroom market, driven by high demand in countries like China and India, where mushrooms are a staple in traditional diets. Europe is also a significant market, with countries like Germany, France, and the United Kingdom having a strong preference for mushrooms in various cuisines. North America has seen moderate growth, fueled by an increasing preference for convenience foods and the popularity of plant-based diets. In contrast, Latin America and the Middle East & Africa are emerging markets with considerable potential due to rising urbanization and the influence of Western dietary habits. The region-wise distribution highlights the importance of adapting to local tastes and consumer behaviors to maximize market penetration.
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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
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.
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
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