Canned Mushroom Market Projections: Anticipated Reach of USD 15.7 Million by 2034
The global canned mushroom market is poised for substantial growth in the coming years, according to industry analysts. In 2024, the market was valued at around USD 9.9 billion, with various sectors contributing differently to its share.
Supermarkets and hypermarkets held a 46.9% share of the market, while restaurants accounted for a significant 64.8%. Interestingly, the Asia-Pacific (APAC) region commanded a 47.9% share, equivalent to roughly USD 4.7 billion in revenue.
Button Mushrooms held a dominant 63.2% share of the market in 2024, with whole mushrooms capturing a 39.6% share. This highlights the preference for these varieties among consumers.
The growth of the canned mushroom market significantly influences the global economy, creating jobs and driving revenue in the food service and retail sectors. Companies in the market are focusing on innovation, sustainability, and new technology to stay competitive.
Key players such as Giorgio Fresh Co., B&G Foods, Inc., Bonduelle Group, Fujian Yuxing Foods Co., and Costa Group Holdings are leading the charge, introducing organic options, investing in sustainable packaging, and expanding their product offerings. For instance, Giorgio Fresh Co. has partnered with major retailers like Walmart and Whole Foods to introduce organic canned mushrooms.
As for the future, while no direct 2034 figure for canned mushrooms is available, the broader mushroom market and canned food segments provide some insights. The overall global mushroom market was valued at around USD 66 billion in 2024 and is projected to grow at a CAGR of about 8.5-10.2% through 2029. On the other hand, the global canned food packaging market, which includes canned vegetables and other preserved foods but does not break out mushrooms specifically, is expected to grow at a CAGR of 4.8% through 2035.
Given these trends, it's reasonable to estimate that the Global Canned Mushroom Market might experience a CAGR roughly between 5-8% leading up to 2034, with a market value likely increasing substantially but below the total mushroom market size.
With the growing trend towards plant-based diets, the market for canned mushrooms looks particularly promising. The market is expected to reach USD 15.7 billion by 2034, reflecting this growing demand. Companies in the canned mushroom market should continue to focus on innovation and sustainability to stay competitive and meet the needs of health-conscious consumers.
- The growth in the canned mushroom market, with an estimated CAGR between 5-8% leading up to 2034, could potentially stimulate investment in related food-and-drink businesses, especially restaurants and supermarkets.
- The expansion of the canned mushroom market, driven by the rise in plant-based diets, could lead to an increase in demand for cooking ingredients, potentially impacting lifestyle choices and food-and-drink preferences.
- As companies in the canned mushroom industry continue to focus on innovation and sustainability, this could in turn have broader implications for the finance sector, considering the economic potential of job creation and revenue generation in the food-and-drink and business industries.
