July 19, 2021
According to the research report titled ‘Global Canned Mushroom Market Size study, by Product Type (Button, Shiitake, Oyster, Morel and Others), by Application (Household and Restaurants), and Regional Forecasts 2021-2027’, available with Market Study Report LLC, global canned mushroom market was worth USD 8.13 billion in 2020 and is expected to register 5.51% CAGR with a valuation of USD 11.83 billion over 2021-2027.
Surging health conscious consumers, rising trend of veganism as well as technologically advanced packaging of the product are propelling the growth of global canned mushroom market. According to Sentient Media, the U.S. witnessed 300% surge in the vegan populace from 2004 to 2019.
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Additionally, flourishing online retail segment, and increasing disposable income, coupled with constant introduction of innovative products are catalyzing the industry scenario.
For the unversed, canned mushroom contains sliced small & fresh mushrooms in a can, which serves as a rich source of nutrients and works as a substitute for non-vegetarian food.
On the contrary, use of synthetic materials in the packaging is likely to hamper the growth of the market over the forecast duration 2021-2027.
In terms of product type, worldwide canned mushroom industry is classified into oyster, button, morel, shiitake, and others, whereas based on application terrain, the marketplace is bifurcated into restaurants, and household.
Besides, the documentation includes Porter's 5 Force Model, Investment Adoption Mode, and PEST Analysis to provide comprehensive overview of this business sphere. Details pertaining to industry share held by each segment and their revenue contribution in the future are also revealed. Vital insights based on the existing market trends are also cited in the literature.
As per expert verbatim, Asia Pacific held major portion of industry share in the recent past, owing to easy availability of mushroom as well as numerous producers.
Parallelly, North America market is anticipated to record the highest growth rate over 2021-2027, creditable to surging health conscious consumers, and spurring demand for organic food.
Some leading companies in global canned mushroom market sphere include Dhruv Agro Industries, Giorgio Fresh Co., Costa Group, Bonduelle Group, THE MUSHROOM COMPANY, OKECHAMP S.A., B&G Foods, Prochamp B.V., Nouriz (Shanghai) Fine Food Co. Ltd., and Monterey Mushrooms Inc. among others.