PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532441
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532441
The canned mushroom market is estimated to be valued at USD 12.83 Bn in 2024 and is expected to reach USD 17.46 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 12.83 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.50% | 2031 Value Projection: | US$ 17.46 Bn |
The canned mushroom market has been growing at a steady pace over the past decade. Mushrooms have many nutritious properties and are low in calories, making them a favorite among health-conscious consumers. Rising awareness about the medicinal benefits of varieties like shiitake and oyster mushrooms are driving greater demand. Moreover, canned mushrooms offer a convenient option for consumers to add mushrooms to their meals throughout the year without having to store fresh mushrooms. With rising health and wellness trends, greater options for meat alternatives, and increased adoption of canned foods for their shelf stability and portability, the canned mushroom market is expected to continue its positive growth trajectory globally.
The canned mushroom market is driven by factors such as increasing health consciousness among consumers seeking nutritious food options. Mushrooms have antioxidants, vitamin compounds and fiber that support the overall well-being. Additionally, the demand for vegan meat alternatives is propelling the market growth as mushrooms can be used as an alternative for meat recipes. Furthermore, the wide availability of canned mushrooms through offline and online retail channels coupled with the long shelf-life of canned products is fueling the market growth.
However, higher price point of canned mushrooms compared to fresh mushrooms may restrict market expansion to some extent. Also, the availability of alternative packaged mushrooms like dried and frozen formats provides competition. Going forward, the development of innovative product varieties and flavors, investment in branding and marketing by key players, and expansion in emerging economies are expected to create lucrative opportunities for players in the canned mushroom market.
Detailed Segmentation-