Canned Mushroom Market 2021 Outlook, Current And Future Industry Landscape Analysis 2027

According to a Coherent Market Insights’ study, global canned mushroom market was valued at US$ 9.7 billion in 2017 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the canned mushroom market due to rising consumer awareness about nutritional value and health benefits of mushroom across the globe.

Canned mushroom are made from fresh mushroom by trimming, washing, and sorting and stored into sealed container. Specific temperature or heat is provide to these to assure 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 is added to these mushrooms to improve its shelf life.

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Canned mushroom offer several benefits such as low calories, low-sodium content, fat-free and cholesterol-free, which is vital for healthy cognitive functions and immune system. Furthermore, mushroom has anti-aromatase activity, which inhibit aromatase enzyme. Aromatase enzyme produces carcinogenic agent called estrogen, which stimulates growth of the hormone-receptor-positive breast cancer cells. Canned mushroom reduces the risk of developing cancer, which is driving growth of the market. According to the World Health Organization (WHO), cancer is a leading cause of death worldwide accounting for 8.8 million death cases due to cancer in 2015. The most common cancers are lung, breast, colorectum, and prostate cancer. However, availability of various alternatives such as dried and frozen mushrooms are expected to drive growth of the market.

North America canned mushroom market was valued at US$ 2.6 Billion in 2017. The U.S. held major market share in the North America canned mushroom market. High production and consumption of processed mushroom such as canned mushroom is increasing in North America and this is expected to positively impact on the total canned mushroom market.

For instance, according to U.S. Department of Agriculture National Agricultural Statistics (USDA), in the U.S., total mushroom market was valued at US$ 1.2 billion in 2016 with production of different mushrooms including varieties such as oyster mushrooms and shiitake grew by 4% from 2015 and reached to 25.4 million pounds with a sales value of US$ 92.6 million in 2016.

Key players operating in the canned mushroom market includes 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.

Market Dynamics

Canned mushroom market in Asia Pacific is expected to witness rapid growth registering highest CAGR during the forecast period, owing to demand and production of edible mushroom in emerging economies such as China and India. For instance, according to China Edible Fungi Association (CEFA), edible mushroom production (Dried, salted and Canned Mushroom) was valued at 34.6 million tons in 2014 and expected to reach at 48.9 million tons by 2018, representing a CAGR of 9.1%.

By region, North America and Europe held significant market share in the global canned mushroom market. Asia Pacific held a major market share of 35.2% in 2017.

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Key features of the study:

• This report provides in-depth analysis of the canned mushroom and provides market size (US$ Bn) and compound annual growth rate (CAGR) (%) for the forecast period (2018–2025)
• It provides valuable insights about market drivers, restraints, opportunities, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global canned mushroom on the basis of the following parameters – company overview, financial performance, geographical presence, product portfolio, key developments, and future plans.

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