The global canned mushroom products market was valued at USD 15.4 billion in 2022 and is estimated to reach USD 17.9 billion by 2030, expanding at a CAGR of 2.2% from 2023 to 2030. The market growth is driven by an increase in the population of health-conscious consumers and their growing preference for convenience foods. Canned mushrooms are a convenient food product that offers a variety of nutritional benefits and require minimal time for preparation. Additionally, canned mushrooms are widely used in industrial foods such as pizzas, sandwiches, and salads. The growing demand for convenience foods is expected to drive the market over the forecast period.

Furthermore, the increasing demand for organic canned mushrooms is expected to drive the market growth in the coming years. Natural and organic food products are becoming increasingly popular among consumers due to their health benefits. Consumers are also willing to pay a premium for these products as they are free from artificial ingredients, preservatives, and added colors. This has resulted in an increase in the number of organic mushroom-based product launches. For instance, in February 2021, the company launched a range of organic canned mushrooms, including Organic Sliced White Mushrooms, Organic Whole White Mushrooms, Organic Whole Button Mushrooms, and Organic Sliced Portabella Mushrooms.

Moreover, the rising trend of veganism across the globe is driving the demand for canned mushrooms, as people are opting for vegan ingredients for their recipes. Additionally, the rising awareness about the environmental benefits of plant-based diets is driving the demand for vegan ingredients. Moreover, the increasing number of product launches in vegan categories is expected to boost the market growth. For instance, in December 2021, the company launched a range of vegan mushroom-based products, including sliced mushrooms, whole button mushrooms, and more.

Furthermore, the growing demand for ready-to-eat products is expected to drive the market growth over the forecast period. Canned mushroom products are a convenient, ready-to-eat option for consumers. These products require minimal preparation time and are widely used in processed meals. Additionally, the rising trend of snacking among consumers is expected to drive the demand for canned mushroom products, as they are convenient and offer various health benefits.

The canned mushroom segment dominated the market and accounted for the largest share of around 35.5% in 2022. Factors such as convenience, longer shelf-life, and the presence of several health benefits are driving the demand for canned mushroom products. According to an article published by the University of Maryland, in February 2020, mushrooms are an excellent source of B vitamins, which are essential for healthy hair, skin, and nails. Additionally, surging demand for ready-to-eat food across the globe is further driving the segment’s growth.

The frozen mushroom segment is expected to register the fastest CAGR of 5.4% over the forecast period. The increasing demand for frozen mushroom products from the foodservice sector is propelling the market growth. According to an article published by the University of California, in January 2020, frozen mushrooms can retain up to 90% of their original nutritional value. Furthermore, the advent of innovative packaging solutions and the presence of several health benefits associated with frozen mushroom products are further driving the market revenue.

The supermarkets and hypermarkets segment accounted for the largest market share of over 36.8% in 2022. The segment is expected to witness significant growth due to the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase canned mushroom products. Supermarkets & hypermarkets offer a wide range of products under the same roof, which allows customers to purchase products according to their needs and preferences. In addition, the presence of large retail players such as Walmart, Tesco, and Carrefour has further increased the demand for canned mushroom products in supermarkets and hypermarkets.

The online segment is anticipated to expand at the highest CAGR of 13.9% over the forecast period. The growth of the segment can be attributed to the increasing availability of canned mushroom products on various e-commerce platforms such as Amazon, Flipkart, and Nykaa. Moreover, e-commerce players are providing discounts and offers on canned mushroom products, which is likely to drive the sales of such products. In addition, the rising consumer preference for online shopping due to convenience and ease of purchase is further expected to propel the growth of this segment.

The canned mushrooms segment accounted for the largest revenue share of 71.4% in the year 2022. The growing demand for convenience food among consumers across the world owing to the hectic lifestyle of the population is likely to propel the segment growth. Moreover, the increasing trend of snacking, the availability of various flavors, and the growing focus of food processors to introduce innovative products are some of the key drivers of the segment. For instance, in February 2021, Far West Fungi, a U.S.-based mushroom producer, launched a line of shelf-stable and ready-to-eat canned mushrooms.

The frozen mushrooms segment is anticipated to expand at the highest CAGR of 7.2% over the forecast period. The rising health consciousness among consumers and the increasing demand for frozen food is likely to drive the segment growth. In addition, the increasing demand for frozen mushrooms from the restaurant industry is anticipated to further boost the segment growth. Furthermore, the growing awareness about food safety is likely to propel the segment.

Europe held the largest market share in 2021 and is expected to maintain its dominance over the forecast period. This growth can be attributed to the high consumption of canned mushrooms in the region, which is driven by the growing demand for convenience food. Additionally, the presence of several leading players, such as Bonduelle and Montagu, is expected to drive the growth of the market. For instance, in April 2021, Bonduelle launched a new range of canned mushrooms in the UK and France.

North America is expected to witness the fastest growth in the coming years on account of the growing health awareness among consumers. The increasing demand for mushrooms as a healthy food option is expected to drive the growth of the market. Additionally, the introduction of innovative products, such as canned mushrooms with a variety of flavors, is expected to fuel the growth of the market. For instance, in April 2021, Montagu launched a range of flavored canned mushrooms in the U.S.

In this part of the canned mushroom products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the canned mushroom products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a canned mushroom products business comes from sales of canned mushrooms, retail sales, and wholesale sales. Here you will find a list with a description of each of these and other possible sources of profit such as fundraising, food & beverage, the sale of merchandise, and leasing the place for parties and corporate events.

Projecting Expenses

In this section, all the regular expenses related to keeping the canned mushroom products business running will be described. The list of operating expenses includes raw material costs, labor costs, marketing & advertising costs, utilities, insurance policies, and others.

Some of the key companies operating in the canned mushroom market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In May 2022, Monterey Mushrooms, Inc. launched a new line of canned mushrooms with a variety of flavors and seasonings.

– In June 2022, Button & Co. launched a new line of organic canned mushrooms with no added preservatives or artificial ingredients.

– In July 2022, Campbell Soup Company launched a new line of canned mushrooms with a variety of flavors and seasonings.

Some of the prominent players in the canned mushroom market include:

– Monterey Mushrooms, Inc.
– Button & Co.
– Campbell Soup Company
– Fungi Perfecti LLC
– Ostrom Mushrooms, Inc.
– The Mushroom Company
– Giorgio Foods, Inc.
– Phillips Mushroom Farms, Inc.
– Del Monte Foods, Inc.
– Dole Food Company, Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global canned mushroom products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Whole Mushrooms
– Sliced Mushrooms
– Chopped Mushrooms
– Canned Mushroom Soup

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Specialty Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Conventional
– Organic

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is an important factor for the canned mushroom market. Manufacturers are focusing on differentiation and product diversification in order to stay competitive in the market. The introduction of mushroom-based products such as canned mushroom soup, canned mushroom risotto, and canned mushroom pasta is expected to increase the market demand. Additionally, innovations such as organic and vegan canned mushrooms are gaining mainstream popularity, which is expected to further drive market growth.

[Q]: Who are the Key Players in the Canned Mushroom Products Market?
[A]: Key players in the canned mushroom products market include Bonduelle, Faribault Foods, Inc., Okechamp, Monterey Mushrooms, Inc., The Mushroom Company, and H.J. Heinz Company.

[Q]: Which Region Offers the Largest Opportunity for Sales of Canned Mushroom Products?
[A]: Asia-Pacific is expected to have the largest market share for canned mushroom products due to the high consumption of canned food, increasing health consciousness, and rising disposable income in the region.

[Q]: What are the factors driving the canned mushroom products market?
[A]: Factors such as the increasing demand for convenience food, a growing health and wellness trend, and the introduction of innovative products are expected to drive the canned mushroom products market over the forecast period. Additionally, the increasing demand for vegan and organic products is expected to further boost the market growth.