The global canned mushroom market size was exhibited at USD 9.64 billion in 2024 and is anticipated to reach around USD 16.96 billion by 2034, growing at a CAGR of 5.81% from 2024 to 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 encompasses the production, processing, and distribution of mushrooms preserved in cans. This market includes a variety of mushroom types, such as button, shiitake, and oyster mushrooms, which are canned for their extended shelf life and convenience. Canned mushrooms are popular for their versatility, as they are used in a range of dishes like soups, salads, and stir-fries. The market is driven by both household consumers and the foodservice industry, which values the ease of storage and preparation that canned mushrooms offer. With growing demand for convenient, ready-to-eat foods, the canned mushroom market has seen steady growth over the years.
Growth Factors
Several factors contribute to the growth of the canned mushroom market. Increasing urbanization and busy lifestyles have led to a rise in demand for convenient food products, boosting the popularity of canned mushrooms. Additionally, the rising consumer awareness of the health benefits of mushrooms—such as their rich content of vitamins, minerals, and antioxidants—has further fueled market growth. The foodservice industry’s growing demand for easy-to-store ingredients that can be quickly prepared also supports the expansion of this market.
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
Key drivers for the canned mushroom market include the mushroom’s year-round availability, longer shelf life, and ease of use in a variety of culinary applications. Unlike fresh mushrooms, which are perishable and require specific storage conditions, canned mushrooms can be stored without refrigeration, making them highly convenient for both households and commercial kitchens. Moreover, the growing trend of vegetarian and plant-based diets has driven the demand for mushrooms as a meat substitute, which benefits the canned mushroom segment as well.
Opportunities
The canned mushroom market offers significant opportunities, especially in emerging markets where canned foods are becoming increasingly popular. Manufacturers are exploring new product varieties and packaging innovations to cater to diverse consumer preferences and expand their market reach. There is also an opportunity for organic and specialty mushroom products, which appeal to health-conscious consumers. Additionally, the rise of online retail and e-commerce provides manufacturers with an avenue to reach a broader audience, which could further drive sales growth.
Challenges
Despite its growth prospects, the canned mushroom market faces certain challenges. One of the primary issues is the competition from fresh and frozen mushrooms, which are often perceived as healthier alternatives due to the potential loss of nutrients during the canning process. Additionally, fluctuating raw material costs and stringent regulations on food safety and preservatives can impact profit margins and operational efficiency for manufacturers. The perception of canned foods as less nutritious or processed may also deter some health-conscious consumers.
Region Insights
The canned mushroom market is highly diversified, with North America, Europe, and Asia Pacific as the key regions. North America and Europe hold significant market shares due to a well-established canned food industry and a high demand for convenience foods. In these regions, consumers are more open to experimenting with different mushroom varieties, which has led to a diverse product range. Asia Pacific is also witnessing rapid growth, driven by rising disposable incomes, urbanization, and a shift towards convenience foods. Countries like China and India are expected to be key markets due to their large populations and increasing adoption of Western dietary habits.
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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.
Canned Mushroom Markets Top 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
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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