As per the National Horticulture Board (NHB), mushrooms contain 60-70% proteins and are easily digestible. This will further increase the demand for canned mushrooms, which in turn, will positively impact the global canned mushrooms market. The above information was shared by Fortune Business Insights in a report, titled “Canned Mushroom Market Size, Share and Global Trend By Product Type (Shiitake Canned, Oyster Canned, Button Canned, Others), By Application (Household, Foodservice Industry, Others) and Geography Forecast Till 2029.” Furthermore, the study has showed that mushrooms are high in amino acids and used as healthy foods. Mushrooms play a crucial role in reducing tumour growth, preventing inflammation, and detoxifies cancer triggering compounds. Consumption of mushrooms can reduce the chances of heart-related diseases as they contain Vitamin-C and potassium. Moreover, diseases such as diabetes, heart diseases, and obesity are prevalent across the world. This will further fuel demand for dietary-fibre rich food such as canned mushrooms. Considering the above factors, the canned mushrooms market growth is likely to rise in the forthcoming years.
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Higher Availability of Button Canned Mushrooms Encourages Market Growth
The demand for different product types of canned mushrooms such as oyster canned, button canned, and shiitake canned is likely to increase by 2026. Of these, button canned mushrooms are likely to grow at a rapid pace over the projected horizon. The global canned mushroom market size is expected to increase as button canned mushrooms cover the major share in the market. This is ascribable to the high availability of button mushrooms across the world. In addition to this, numerous benefits associated with button mushrooms contribute to the canned mushrooms market. This, together with the increasing production of these mushrooms, is driving the market.
Rising Consumption of Canned Mushrooms Drives the Market in North America
The production of canned or processed mushrooms is increasing in North America. This, coupled with their rising consumption, is responsible for holding a major share in the market. Canned mushrooms are rich in protein and low in calorie content, which makes it a preferable option among consumers in this region. Driven by these factors, the canned mushroom market share is likely to expand during the forecast period.
Apart from North America, Europe is also expected to rise in the years to come. It is the second-most leading region in the market whereas Asia Pacific is expected to witness high growth too. People in this region are increasingly becoming aware of the health benefits associated with mushroom consumption. In addition to this, the rising disposable income of the Asian population is stimulating growth in the market. Considering these factors, the demand for canned mushrooms is likely to surge between 2018 and 2026.
Market to Benefit from Strategies Adopted by Monterey, Greenyard, and Other Leading Players
People around the world are shifting their preference to vegan foods. The growing popularity of the vegan diet in developing as well as developed nations is expected to drive the market. As canned mushrooms offer several health benefits, the adoption of veganism is likely to rise in the forthcoming years. This, in turn, will augment demand for canned mushrooms. Manufacturers are continuously working on advancements in canning technologies to make them even healthier. This can be achieved by conducting research and development (R&D) activities on food processing procedures. Canned mushrooms are rich in nutrients such as minerals, vitamin C, proteins, and calcium.
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Canned mushroom packaging is designed in a way so that the mushrooms don’t decay. The presence of monosodium glutamate and ascorbic acid in canned mushrooms leads to longer shelf life. This will give significant impetus to the market.
Market players in the global canned mushroom market are focussing on strategic activities such as mergers and acquisitions (M&A) and product launches to strengthen their position. Some of the leading companies are The Mushroom Company, Greenyard NV, Monterey Mushrooms Inc., and B&G Foods Inc. An Italian company called D-Amico launched a new line of canned mushrooms in February 2018. These mushrooms are called Portobello and the company believes that this launch will help them to broaden their product portfolio.
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