CANNED MUSHROOM MARKET ANALYSIS

Canned Mushroom Market Size and Trends

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.

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The canned mushroom market is expected to witness positive growth over the forecast period. Increasing consumption of mushroom for its health benefits is expected to drive the demand. Mushrooms are low in calories and rich in nutrients. They contain protein, fiber, vitamins, and minerals which make them beneficial for health-conscious consumers. Mushrooms boost the immune system and reduce the risks of cancer, heart disease, and diabetes. Growing awareness about the health benefits of mushrooms among consumers is encouraging the consumption of canned mushrooms. Moreover, busy lifestyle has been increasing the demand for convenience food products which favors the market growth. Innovations in product offerings by key players to meet changing consumer demands also has a positive impact on market trends. However, the availability of fresh and frozen alternatives may restrict the market growth to some extent over the projection period.

Health benefits of mushrooms

The growing awareness among consumers regarding the various health benefits of mushrooms is a key driver behind the rise of the global canned mushroom market. Mushrooms are low in calories and fat but high in proteins, vitamins, and minerals. They are known to be a great source of selenium, copper, potassium, and vitamin D. The rising health-conscious consumer base is actively seeking out packaged food products that are nutritious yet convenient to consume on the go. Mushrooms have gained significant popularity due to their association with various preventive health properties.

Current scientific research indicates that mushrooms show potential anti-inflammatory, antioxidant, and immune-boosting effects. They are rich in polysaccharides and phenolic compounds known to have antioxidant and anticancer activities. Studies have suggested that mushrooms may aid in reducing the risk of cancers like breast cancer and prostate cancer. Regular consumption of mushrooms is found to support heart health by lowering blood pressure and cholesterol levels. The presence of selenium, riboflavin, niacin, and pantothenic acid in mushrooms provides them with cardioprotective benefits. Mushrooms also contain eritadenine, a compound that inhibits cholesterol synthesis in the body.

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Increasing demand for canned/processed foods

The demand for convenience and packaged foods has seen a significant rise globally in the recent past. With people's lifestyles becoming increasingly busy and fast-paced, they are relying more on canned, frozen or processed foods that offer ease of cooking and consumption. Mushrooms are a very versatile ingredient that can be used in a variety of cuisines and dishes. With the growth in the popularity of international cuisine, exposure to new flavors, and increasing health consciousness, the consumption of mushrooms has risen steadily worldwide.

This rising demand for mushrooms has driven the canned mushroom market as canned mushrooms allow easy storage and usage. They have a long shelf life and do not require refrigeration, making them extremely convenient to store and consume. Canned mushrooms can simply be added to dishes during cooking or as toppings on pizza, pasta, etc. Their availability in the canned form all year round satisfies the rising demand without being restricted by seasons. Food industry players are expanding their canned mushroom offerings with different varieties like button mushrooms, oyster mushrooms, shiitake mushrooms, etc. to appeal to evolving consumer preferences.