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The global canned mushroom market size expected to reach significantly by 2026. The demand for canned mushroom is anticipated to witness a significant rise in the forthcoming years, due to the increasing demand for processed and packaged food products and ingredients across the world attributed to the busy schedules of consumers. Advancement in canning technologies and increased R&D on food processing methods is expected to further fuel the growth of the canned mushroom market during the forecast period.
Key companies operating in the global canned mushroom market are focusing on product launches and merger and acquisition activities to strengthen their market position. The Mushroom Company, B&G Foods Inc., Monterey Mushrooms Inc., and Greenyard NV are some of the key companies performing in the global canned mushroom industry.
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Mushrooms are loaded with antioxidants and are low in fat and calories, hence they are widely consumed across the globe. Canned mushroom is a processed form of fresh mushroom that is obtained by chopping, washing, sorting, and storing the mushroom in a sealed container or box. Canned mushroom contains a number of nutrients, such as vitamin C, minerals, calcium, proteins, and others.
High nutritional value and health benefits associated with the consumption of canned mushroom, coupled with a higher shelf life of the product due to the addition of ascorbic acid and monosodium glutamate in canned mushroom, is projected to propel the canned mushroom market growth. The presence of low sodium and fat content in canned mushrooms can potentially strengthen the immune system and aid cognitive functions in the body, which is anticipated to escalate the demand for canned mushroom and hence boost its market. Furthermore, the rapidly changing lifestyle and increased consumption of processed and packaged food are projected to boost the canned mushroom market positively during the forecast years.
The availability of processed mushroom alternatives, such as frozen mushrooms and dried mushroom can restrain the growth of the canned mushroom market during the forecast period. Furthermore, the high price of canned mushroom, coupled with increasing consumer inclination towards fresh food products can affect the global canned mushroom market negatively during the forecast years.
By Product Type
On the basis of product type, the global canned mushroom market has been segmented into shiitake canned mushroom, button canned mushroom, oyster canned mushroom, and others. Button canned mushroom segment is anticipated to grow at a faster pace during the forecast period and hold the major market, due to the availability of this mushroom type throughout the year. Health benefits associated with button mushroom varieties, coupled with an increased focus on the production of the aforementioned mushroom is anticipated to further fuel the growth of the segment.
On the basis of application, the global canned mushroom market has been segmented into household, food service industry, and others. The foodservice industry is projected to hold the major canned mushroom market share, due to the increasing demand for processed mushroom by the industry. Overall growth in the foodservice industry of the globe, especially in developing economies, is projected to scale up the demand for canned mushroom in the developing regions.
North America, followed by Europe is anticipated to hold the major market share in the global canned mushroom market during the forecast period, due to rising demand and consumption of processed mushroom. The presence of high protein content and low-calorie content in mushrooms is projected to aid the growth of the canned mushroom market in the forthcoming years. The Asia Pacific is projected to exhibit significant growth during the forecast period, owing to increasing awareness about the health benefits of eating a mushroom, coupled with increasing per capita income of the Asian population.
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