Germany is anticipated to provide significant growth prospects for industry players, driven by rising consumption and imports of canned fruits and vegetables. Sales of canned mushrooms in Germany are expected to increase at a compound annual growth rate (CAGR) of 7.3% through 2034.
Europe, led by nations such as Italy and Germany, is the dominant region for importing canned fruits and vegetables worldwide. According to the Centre for the Promotion of Imports from Developing Countries (CBI), Europe holds over 70% of the global market share for canned fruit and vegetable imports, which will further fuel sales growth.
The global canned mushroom market is estimated to be valued at USD 10,003 million. Global canned mushroom sales will likely surge at a CAGR of around 3.7% during the assessment period, totaling USD 14,442 million by 2034.
Sales are expected to remain high for shiitake mushrooms, accounting for a value share of 32.5% in 2023. Taste, affordability, and health perception of shiitake mushrooms are leading to segment growth.
Multiple factors are anticipated to drive growth of the canned mushroom industry during the forecast period. These include rising demand for convenience food products and expanding usage of canned mushrooms in the HoReCa sector.
Canned mushroom demand is growing steadily throughout the globe. They are a convenient and shelf-stable way to incorporate mushrooms into cooking. Multiple benefits of tinned mushrooms are encouraging their adoption across households and HoReCa industry.
Factors such as busy lifestyles are prompting consumers to seek convenient, ready-to-cook products. This is acting as a catalyst triggering sales of canned mushrooms and the trend will likely continue through 2034.
Canned mushrooms provide a time-saving solution to busy households, cafes, restaurants, and hotels. Increasing consumption of tinned mushrooms across these sectors is expected to boost sales growth during the assessment period.
What Are The Key Trends For Canned Mushroom Market?
The 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.
Why is there a Rising Demand for Canned Mushrooms in India?
Expansion of the Food Service Industry to Boost the Demand for Canned Mushrooms in India
India is considered to have the largest food market in South Asia. With the expansion of the food service equipment industry, the demand for canned and processed food is increasing. As the leading organic market in South Asia, India is expected to offer unique opportunities for organically-certified canned mushrooms.
The presence of low-calorie and high-protein content in mushrooms is expected to help the canned mushroom market grow during the forecast period. India is expected to grow significantly during the forecast period, owing to rising awareness about the health benefits of eating mushrooms.
Key Takeaways from Market Report:
- The global market value is projected to total USD 14,442 million in 2034.
- By product type, shiitake mushroom segment is forecast to account for a value share of 32.5% in 2024.
- By nature, organic segment is set to hold a market share of 18.5% in 2024.
- China is poised to record a CAGR of 4.2% through 2034.
- Sales in the United States are expected to soar at a CAGR of 2.3% from 2024 to 2034.
“Growing consumer demand for convenient food products is expected to provide a strong thrust to the canned mushroom industry during the forecast period. Key players will likely focus on introducing novel varieties to capitalize on emerging opportunities.” – Nandini Roy Choudhury, Client Partner at Future Market Insights
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Who is Winning?
Bonduelle Group, Greenyard NV, B&G Foods Inc., The Mushroom Company, Monterey Mushroom Inc., Dhruv Agro, Prochamp B.V., Monaghan Mushroom Ltd., and Shanghai Finc Foods Co. Ltd. are few key canned mushroom manufacturers listed in the report. Developing new varieties with enhanced functionalities is becoming a key strategy for industry players globally.
Several companies are implementing marketing and branding strategies to stay relevant in the market. Similarly, strategies like distribution agreements, partnerships, collaborations, acquisitions, and mergers are becoming popular among players.
Industry Updates:
- In June 2024, Netherland-based Procham showcased latest products at the Gulfood Trade Show in Dubai between 19 to 23 February.
Want More Insights?
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global canned mushroom market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights based on nature (organic and conventional), product type (shiitake mushroom, oyster mushroom, and button mushroom), form (sliced, whole, and pieces and stems), and end-use application (HoReCa and retail/household) across several regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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