NEW YORK , May 5, 2022 /PRNewswire/ -- The canned mushroom market size is expected to grow by USD 1.73 billion from 2021 to 2026 progressing at a CAGR of 7.97% as per the latest market report by Technavio. 39% of the market's growth will originate from Europe during the forecast period. The UK is the key market for the canned mushroom market in Europe . Market growth in this region will be slower than the growth of the market in APAC. The economic downturn will facilitate the canned mushroom market growth in Europe over the forecast period.
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Canned Mushroom Market: Growing need for convenience foods owing to hectic lifestyles to drive growth
The growing need for convenience foods owing to hectic lifestyles is one of the key drivers supporting the canned mushroom market growth. The hectic lifestyle of millennials increased the demand for convenient, nutritious food offerings and canned foods such as canned mushrooms. The airtight, sealed metal containers increase the shelf life and help retain the nutrition of food products. Canned food products also cater to health-conscious consumers, who look for nutritious food products. The taste and quality of food products are preserved against various conditions by the metal containers, from manufacturing to supplying to distributing outlets. Moreover, Cans made of steel efficiently protect the canned content from deterioration due to light. Such advantages will drive market growth during the forecast period.
Canned Mushroom Market: Threat of contamination to hinder the growth
The threat of contamination is one of the factors hindering the canned mushroom market's growth. Most vendors purchase or source raw materials from third-party suppliers. Improper handling of these supplies can result in food contamination. One of the most common reasons for food poisoning is the spread of germs onto food from other food, surfaces, equipment, and hands. It can result in products being discarded or recalled, which could affect a company's operation and sales. Meanwhile, inspection bodies have the right to shut down a business because of unsafe and unhygienic activities related to food and have the authority to seize food and beverage products that are a threat to the wellbeing of consumers. Such threats are hindering the market growth.
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Canned Mushroom Market: Segmentation Analysis
The market research report segments the canned mushroom market by Product (Canned button mushroom, Canned shiitake mushroom, Canned oyster mushroom, and Other canned mushrooms) and Geography (Europe , APAC, North America , South America , and the Middle East and Africa ).
The canned mushroom market share growth in the canned button mushroom segment will be significant for revenue generation. 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. They are also rich in potassium minerals and help fight prostate cancer. They also balance the production of estrogen in the body. Such health benefits will drive the segment growth during the forecast period.
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Accelerate at a CAGR of 7.97%
Leading companies, competitive strategies, consumer engagement scope
B and G Foods Inc., BONDUELLE SA, Hirano Mushroom LLC, American Garden, Amish Country Store, Commercial Mushroom Producers Co Operative Society Ltd., Costa Group Holdings Ltd., Dhruv Agro, Fujian Haishan Foods Co. Ltd., Giorgio Fresh Co., Greenyard NV, Jolly Pure Goodness, Monaghan Mushrooms Ireland Unlimited Co., Monterey Mushrooms Inc., Okechamp SA, Prochamp BV, RIBEREBRO INTEGRAL S.A.U., Roland Foods LLC, The Mushroom Co., and Wegmans Food Markets Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Canned button mushroom - Market size and forecast 2021-2026
5.4 Canned shiitake mushroom - Market size and forecast 2021-2026
5.5 Canned oyster mushroom - Market size and forecast 2021-2026
5.6 Other canned mushroom - Market size and forecast 2021-2026
7.3 Europe - Market size and forecast 2021-2026
7.4 APAC - Market size and forecast 2021-2026
7.5 North America - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 The Netherlands - Market size and forecast 2021-2026
7.10 China - Market size and forecast 2021-2026
7.11 UK - Market size and forecast 2021-2026
7.12 Canada - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.4 B and G Foods Inc.
11.3 Currency conversion rates for US$
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