North America Canned Mushroom Market

North America Canned Mushroom Market Growth Trends Size Analysis 2022 - 2027

North America Canned Mushroom Market was worth USD XX.XX billion in 2019, so it is estimated to reach USD XX.XX billion by 2026, growing at a CAGR of X.XX%. Canned mushrooms are produced by trimming, washing, and sorting fresh mushrooms in a closed container. To ensure the preservation of the fungi, an appropriate temperature or heat is supplied. Nutrients, calcium, fiber, vitamin C, vitamin B, and protein are all found in canned mushrooms. To prolong the shelf life of these fungi, monosodium glutamate and ascorbic acid are added. 

Recent Developments 

Monterey Mushrooms showcased their products at the Texas Mushroom Festival in October 2018. The company served mushroom tacos at the occasion and displayed actual mushroom growing trays.

Market Growth

Drivers 

Canned mushrooms have several advantages, including low in calories, sodium, fat, and cholesterol, all of which are essential for maintaining a healthy cognitive function and immune system. The fungus also has anti-aromatase activity, which means it restricts the aromatase enzyme. A carcinogen, estrogen, is produced by the aromatase enzyme. This hormone increases the growth of breast cancer cells with positive hormone receptors. As a result of this, the market for canned mushrooms is expected to rise. The World Health Organization (WHO) reported that cancer accounted for 8.8 million deaths globally in 2015. Lung, breast, colon, and prostate cancers are the most prevalent. However, the accessibility of substitutes such as dried and refrigerated mushrooms should stimulate the industry. It's important to note that canned mushrooms are available throughout the year, contributing to market growth.

Restraints 

Food poisoning and digestive issues can result from eating old or inadequately stored mushrooms, even if they are edible to most individuals who eat mushrooms. Therefore, the first time you eat any fungus, as well as the packing of mushrooms for sale, should be handled with extreme caution.

MARKET REPORT COVERAGE:

Market Segmentation

The North America Canned Mushroom market is segmented based on product type and application.

By Product Type

• Button Canned
• Oyster Canned
• Shiitake Canned
• Others

The market is divided into Button Canned Mushrooms, Shiitake Canned Mushrooms, Oyster Canned Mushrooms, and other types. Since canned mushrooms are available all year, the segment is expected to increase faster during the forecast timeline and sustain the majority of the market. As mentioned earlier, the segment's expansion is predicted to be fueled by the health benefits associated with button mushroom varieties and a higher focus on the manufacture of the mushroom.

By Application

• Foodservice Industry
• Household
• Others

The market is categorized into the Foodservice industry, Household, Restaurant, and Other Applications. Because of the growing need for processed mushrooms, the foodservice industry is predicted to have the most significant proportion of canned mushrooms. Demand for canned mushrooms in developing nations is expected to rise as the global foodservice industry grows, particularly in developing economies.

Regional Analysis

• U.S
• Canada
• Rest of North America

The increasing consumer demand for packaged organic food and changing lifestyles are the major factors influencing the Canned Mushrooms market. In general, there is a growing demand for packaged foods, and technological advances in mushroom harvesting have made their consumption much safer. The North American market is mainly divided into the United States and Canada. The North American market has the most significant global market share despite a slow growth rate over the year. This is due to considerable market players, and the region's limited growth who are native to the region discourages new companies from entering the market. In 2018, North America held a sizable market share. North America's largest market in the United States accounted for 75.0 percent of total sales in 2018. This increase might be related to rising food demand as well as greater intake of functional foods.

Impact of COVID-19 on North America Canned Mushroom Market

From small cafes and restaurants to substantial food manufacturers and merchants, food and beverage enterprises worldwide are still sensing the effects of the COVID-19. Many facilities in Asia, the United States, Europe, and other parts of the world have been forced to close because of social isolation, self-isolation, and the closing of the entire city. A new set of guidelines has been enacted by supermarket chains in the UK, the United States, and Australia, while suppliers and factory workers have taken steps to safeguard the safety of consumers. As a result, companies are scrambling to adjust their offerings to this new terrain, which will undoubtedly continue to shift fundamentally even after we've reversed direction. During the crisis, numerous restaurants and cafes were forced to shut down due to the city's shutdown or the decline in traditions due to social isolation. For small enterprises, this has a significant impact. Lockdowns worldwide have led to travel restrictions, which have severely impacted the mushroom industry's distribution channel structure. In addition, manufacturing plants have ceased production due to a lack of market demand for their products. Owners of mushroom farms have suffered enormous losses as a result of this. Additional effects on farmers and the economy, which is heavily dependent upon agriculture, are anticipated. Workers had to return to their homes during COVID-19 because of safety and preventive measures, and all work on the farm had to be stopped.

Key Players

Major Players in the North America Canned Mushroom Market are 

• Greenyard Foods
• Bonduelle Group
• Prochamp
• Grupo Riberebro
• The Mushroom Company
• Shandong Champion Foods
• Dhruv Agro
• Monterey Mushrooms
• Monaghan
• Mushrooms Ireland
• Green Giant