The market size of canned mushrooms is predicted to be USD 10,003 million in 2024. During the assessment period, the market is set to book a CAGR of 3.7%. Global sales of canned mushrooms are set to climb to USD 14,442 million by 2034.
Organic canned mushrooms are expected to remain hot-selling products, accounting for a value share of 18.5% in 2024. This can be attributable to growing consumer demand for organic food products globally.
The canned mushroom market forecast looks optimistic. This is attributed to the increasing usage of tinned mushrooms in households, cafes, hotels, and restaurants on account of their convenience and other benefits.
Tinned mushrooms have a longer shelf life and are readily available year-round. These advantages are increasing the popularity and sales of tinned mushrooms globally, and the trend will likely persist through 2034.
Tinned mushrooms are also rich in vitamins, proteins, and minerals like selenium and potassium. Thus, the health benefits of the product keep consumers coming back to sellers.
Global Canned Mushroom Industry Assessment
| Attributes | Description |
|---|---|
| Estimated Global Canned Mushroom Market Size (2024E) | USD 10,003 million |
| Projected Global Canned Mushroom Market Value (2034F) | USD 14,442 million |
| Value-based CAGR (2024 to 2034) | 3.7% |
The booming HoReCa sector is set to prove conducive to the growth of the industry. Tinned mushrooms are finding their way into a greater number of dishes in restaurants and cafes, thus establishing an increase in demand.
Food companies use tinned mushrooms in stews, soups, and pasta dishes. Similarly, they are widely used as pizza toppings. These increasing applications will likely boost revenue growth during the assessment period.
The increasingly busy consumer population globally is creating demand for convenient, shelf-stable food products, including tinned mushrooms. Online platforms are a boon for canned food items, including mushrooms. E-commerce platforms are thus set to play more of a key role in the market going forward.
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The below table presents the expected CAGR for the global tinned mushroom industry over several semi-annual periods spanning from 2024 to 2034. For the first half (H1) from 2023 to 2033, the sector grew at a CAGR of 3.6%. For the second half (H2), there was a slight increase, with sales recording a CAGR of 3.8%.
| Particular | Value CAGR |
|---|---|
| H1 | 3.6% (2023 to 2033) |
| H2 | 3.8% (2023 to 2033) |
| H1 | 3.9% (2024 to 2034) |
| H2 | 3.8% (2024 to 2034) |
Moving forward to the subsequent period, from H1 2024 to H2 2034, the CAGR is foreseen to be 3.9% in the first half and 3.8% in the second half. Thus, it is clear that progress in the first half will happen slightly quicker than in the second half.
Growing Convenience Food Demand Boosting Industry Growth
The need for fast and easy food items is on the rise all over the world due to hectic ways of living. Hence the demand for the product is slated to increase as a time-saving option for people.
Tinned mushrooms are easy-to-cook products that consumers prefer to use for making various dishes. Thus, manufacturers will benefit from the ongoing convenience food craze.
Canned mushrooms allow end users to easily add flavors and nutrients to dishes without the pre-time required for raw mushrooms. As a result, their demand is growing significantly.
Advancements in Canning Technologies Boosting Canned Mushroom Market Growth
Continuous advancements in canning technologies are making tinned mushrooms a more attractive option for consumers. Leading players make use of new technologies in canning to ensure flavor, taste, and nutritional value in the product.
Containers that are foolproof but also sustainable are becoming popular as packaging items. Through this packaging, the mushrooms are shielded from spoilage and shelf life is extended, thereby also reducing food waste.
Health Concerns and Preference for Fresh Mushrooms Limiting Industry Growth
The global canned mushroom industry is forecast to register steady growth during the forecast period. However, there are various factors that are limiting its growth to a certain extent.
One growth limiting factor is the growing consumer preference for fresh and frozen mushrooms. Companies are wont to use sodium in tinned mushrooms for preservation purposes. Health-conscious consumers are thus hesitant about the product, limiting the consumer base for the sector.
Principal Consultant
A CAGR of 3.8% was recorded for the sector in the historical period. Prominent factors that drive this growth include an increased demand for packaged food products and high consumer interest in ready-to-cook products.
During the COVID-19 pandemic, there were disruptions to global supply chains of fresh mushrooms. This factor influenced the rise in demand for canned goods, of which tinned mushrooms are a part, since they offered the customers their mushroom fill.
The convenience of tinned mushrooms also added to their increasing popularity and sales during the historical period. Similarly, increased awareness of mushrooms’ health benefits impacted sales growth.
Looking ahead, the global tinned mushrooms market is anticipated to expand at 4.4% CAGR, indicating a slight reduction compared to the historical growth rate. This decreased growth rate can be due to rising consumer interest in fresh mushrooms.
Prominent growth factors influencing the canned mushroom market include surging demand for ready-to-cook ingredients and expanding product applications in HoReCa sector. Innovation in tinned mushrooms will also benefit the industry.
Consumers worldwide are gradually becoming aware of the likely health benefits associated with canned mushrooms. In the process, canned mushroom sales, too, are growing in numbers, helping foster industry growth.
Prominent tier 1 companies include Bonduelle Group and Greenyard NV and they are expected to hold a revenue share of 35.5%. Keeping the product line moving is a prime concern among these players, and they achieve this by constantly upgrading product portfolios. A plethora of options are provided by these players, including diced, sliced, and flavored options.
Strengthening of distribution networks is targeted by these companies in order to increase sales. They are also adopting sustainable practices, from growing mushrooms to processing and packaging, to woo eco-conscious customers.
Greenyard NV is becoming a reliable company in fresh, frozen, and prepared products. It is constantly creating canned fruits and vegetables to meet growing consumer demand globally. Bonduelle Group is another giant that is making efforts to convince consumers of the benefits of a plant-based diet.
Tier 2 companies are in line to account for 10% of the industry share, lower than both tier 1 and tier 3 companies. These players use all sorts of means to help educate consumers about the benefits in terms of nutrition and health that tinned mushrooms bring. At the same time, they seek to consolidate their positions through acquisitions and mergers.
Tier 3 companies, including start-ups, currently hold the supreme position in the industry, with their revenue share put forward to be 54.5%. These players are coming up with innovative products in sustainable packaging. They are leveraging online platforms, including social media, to challenge giants in the industry.
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The below section offers a global canned mushroom industry overview across various countries. Market penetration of canned mushrooms in ready-to-eat meal solutions is boosting growth in developed nations like the United States, Germany, and the United Kingdom.
The section also provides an analysis of nutritional benefits of canned mushrooms to demonstrate growing product adoption rate in emerging nations like India and China. Similarly, surging demand for button canned mushrooms in Western countries will benefit the industry.
| Countries | CAGR 2024 to 2034 |
|---|---|
| United States | 2.3% |
| China | 4.2% |
| United Kingdom | 6.3% |
| Germany | 7.3% |
| Italy | 9.4% |
| India | 8.7% |
The United States canned mushroom market is forecast to register a CAGR of 2.3% during the assessment period. This is attributed to growing consumption of processed food products and nutritional benefits of tinned mushrooms.
There is an increasing demand for processed food items, including tinned mushrooms in the United States due to busy lifestyles. According to the New York University’s report, ultra-processed food consumption, including canned beans, canned fish, and other canned products, grew by around 57% through 2018, up from 53.5% in 2001 to 2002.
Canned mushroom demand in the nation is poised to increase steadily as they offer a convenient option, reducing preparation time. Thus, growing consumer preference for easy-to-prepare or ready-to-eat foods will likely boost sales growth in the United States through 2034.
Germany is expected to offer lucrative growth opportunities to industry players owing to increasing consumption and import of canned fruits and vegetables. Sales of canned mushrooms in the country are projected to soar at 7.3% CAGR through 2034.
Europe, spearheaded by countries like Italy and Germany, remains the leading importing region of canned fruits and vegetables globally. As per the Centre for the Promotion of Imports from developing countries (CBI), Europe accounts for over 70% share of the world’s total canned fruit and vegetable imports. This will continue to provide impetus for sales growth.
Being a leading organic market, Germany is also witnessing high demand for organically canned fruits and vegetables. Thus, the country is anticipated to present numerous revenue-generation opportunities to canned mushroom manufacturers.
Demand for canned mushrooms in India is predicted to increase at a CAGR of 8.7% CAGR during the assessment period. This is due to increasing consumption of tinned mushrooms in the nation’s thriving food service industry.
Amid rapid urbanization and changing lifestyles, there is a spike in the consumption of canned and processed food products in India. This is expected to positively impact canned mushroom sales in the food service sector.
Mushrooms have high-protein content, making them popular among people seeking plant-based proteins. Similarly, low-calorie content of tinned mushrooms and rising health awareness are contributing to their increasing popularity and sales in India.
The section below offers in-depth insights into leading segments. Detailed canned mushroom market segmentation can help players invest in hot-selling products to boost revenues and stay ahead.
Organic segment will likely exhibit significant growth, holding a value share of 18.5% in 2024. Based on product type, shiitake mushroom segment is estimated to account for a revenue share of 32.5% in 2024.
| Segment | Organic Mushroom (Nature) |
|---|---|
| Value Share (2024) | 18.5% |
Currently, conventional mushroom segment dominates the global industry owing to low cost, wider availability, and increased usage. However, the organic segment is anticipated to witness high growth owing to growing consumer demand for organic food products.
Amid growing health awareness, consumers globally are showing an inclination toward organic food products. This is expected to create opportunities for organically-certified canned mushrooms.
To cope with the ongoing organic food trend, leading companies are expected to frequently use organic farming practices. This will help them to attract consumers seeking healthier and safer organic tinned mushrooms.
| Segment | Shiitake Mushroom (Product Type) |
|---|---|
| Value Share (2024) | 32.5% |
Shiitake canned mushrooms are predicted to remain to-selling product types, accounting for a revenue share of 32.5% in 2023. This can be attributed to the taste, affordability, and health perception of shiitake mushrooms
Featuring rich, savory umami taste, shiitakes are becoming an ideal option for canning due to their ability to hold up well during the preservation process. They are rich in nutrients and possess several health benefits, leading to their increasing popularity among consumers.
The tinned mushroom market is becoming fiercer due to presence of numerous regional and local players. In this scenario, innovation is becoming key for companies to tighten their grasp and stay ahead.
Key manufacturers are constantly developing new mushroom varieties and flavored mushrooms in tins. The new product developments will likely help companies to meet evolving consumer needs and preferences.
Several companies are also striving to educate consumers about the nutritional and health benefits of mushrooms. Other strategies, such as acquisitions, partnerships, distribution agreements, and mergers are also becoming prevalent in the sector as players look to solidify their positions.
Industry Updates
Based on nature, the industry is bifurcated into organic and conventional.
Shiitake mushroom, oyster mushroom, and button mushroom are product types listed in the canned mushroom market report.
When it comes to form, the industry is segmented into sliced, whole, and pieces and stems.
End-use applications of the product include HoReCa and retail/household. The HoReCa segment is further divided into hotels, restaurants, and cafes. Similarly, the retail segment is categorized into hypermarkets/supermarkets, traditional grocery stores, convenience stores, discount stores, online retail stores, and others.
Canned mushroom market analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
The global industry value is estimated to total USD 10,003 million in 2024.
Sales of canned mushrooms are forecast to surge at 3.7% CAGR through 2034.
Global revenue is projected to total USD 14,442 million by 2034.
Shiitake mushroom.
Bonduelle Group, Greenyard NV, B&G Foods Inc., and The Mushroom Company.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Nature 6.2. Product Type 6.3. Form 6.4. End-use Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 7.1. Organic 7.2. Conventional 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 8.1. Shiitake Mushroom 8.2. Oyster Mushroom 8.3. Button Mushroom 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 9.1. Sliced 9.2. Pieces & Stems 9.3. Whole 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Application 10.1. HoReCa 10.1.1. Hotels 10.1.2. Restaurants 10.1.3. Cafes 10.2. Retail 10.2.1. Hypermarkets/Supermarkets 10.2.2. Traditional Grocery Stores 10.2.3. Convenience Stores 10.2.4. Discount Stores 10.2.5. Online Retail Stores 10.2.6. Others 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. South Asia 11.5. East Asia 11.6. Eastern Europe 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Nature, Product Type, Form, and End-use Application for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Bonduelle Group 21.2. Greenyard NV 21.3. B&G Foods Inc. 21.4. The Mushroom Company 21.5. Monterey Mushroom Inc. 21.6. Dhruv Agro 21.7. Prochamp B.V. 21.8. Monaghan Mushroom Ltd. 21.9. Shanghai Finc Foods Co. Ltd.
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