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The Canned Mushroom Market Size is estimated to grow by USD 1,796.88 million, at a CAGR of 7.57% between 2022 and 2027. 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.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The hectic lifestyle of millennials is notably driving the market growth, although factors such as stringent rules and regulations issued by government bodies across countries are a major challenge to the global market. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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. For example, in 2022, the Census Bureau of the Department of Commerce estimated overall e-commerce sales in the US to be USD 1,034.1 billion, up 7.7% from 2021. This trend is prompting global companies to focus on the tech-savvy consumer segment and explore new online retail formats, potentially boosting the market's growth during the forecast period.
Manufacturers' focus on product innovation is a key trend influencing the market. 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 aluminum and steel 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.
The risk of heart disease and infertility associated with excessive consumption of BPA is a key challenge impeding the growth of the market. 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.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to enhance their presence in the market.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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.
The market share growth of the canned button mushroom segment will be significant during the forecast period. Button mushrooms are available throughout the year and are widely used in casseroles, soups, and salads. Though many people are unaware of the health benefits of button mushrooms, the product description and nutritional information on the packaging can help convince them to purchase these mushrooms. Button mushrooms are a rich source of Vitamin D.
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The canned button mushroom segment was valued at USD 1,199.65 million in 2017 and continued to grow until 2021. The canned button mushrooms are also rich in potassium minerals and help fight prostate cancer. They also balance the production of estrogen (a hormone in the female reproductive system) in the body. They contain selenium, riboflavin, and niacin.
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Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe is a relatively mature market. The market in Europe is growing steadily. A rise in consumption in Central and Eastern European countries is expected. Also, European consumers are opting for private-label products owing to the lower cost. The market in Europe is expected to witness moderate growth because of the economic downturn, which significantly affected the purchasing power of consumers.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market offers a convenient and nutritious option for consumers looking to boost their Protein content and intake of essential Nutrients. Canned mushrooms are rich in Proteins, Vitamin C, Vitamin B, Fiber, and Calcium, making them a valuable addition to a balanced diet.
With a low-calorie profile, canned mushrooms are favored by those seeking Low-calorie food options. Varieties such as White mushrooms, Brown mushrooms, and Porcini mushrooms cater to different tastes and preferences. They are particularly popular among the Vegan population for their meaty flavor and versatility. Portobello and Cremini varieties are often used as a substitute for meat in various dishes, appealing to the residential sector and beyond. As interest in Vegan food grows, the canned mushroom market is expected to expand, offering a sustainable and nutritious alternative to meat.
Canned Mushroom Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.57% |
Market growth 2023-2027 |
USD 1,796.88 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.88 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 39% |
Key countries |
US, Canada, China, The Netherlands, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Garden, 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. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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