“Global Frozen Mushrooms Market to reach a market value of USD 498.0 Million by 2031 growing at a CAGR of 5.2%”
The Global Frozen Mushrooms Market size is expected to reach $498 million by 2031, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 21,951.4 tonnes experiencing a growth of 18.6% (2020-2023).
In numerous Asian cuisines, notably those of China, Japan, and Korea, mushrooms are an essential component of a diverse array of dishes, including soups, stir-fries, sauces, and stews. The convenience of these mushrooms, available year-round and not requiring extensive preparation, appeals to the increasingly busy urban population. Consequently, the Asia Pacific region would acquire nearly 30% of the total market share by 2031. Also, the Japan market would consume 422.75 tonnes of oyster mushrooms by 2031.
In recent years, the frozen food industry has witnessed significant technological advancements, particularly in freezing techniques. Moreover, advanced freezing techniques have also contributed to better preservation of the nutritional value and flavor of mushrooms. Moreover, advanced freezing techniques have also contributed to better preservation of the nutritional value and flavor of mushrooms.
Additionally, Modern lifestyles, characterized by long working hours, busy schedules, and a growing preference for quick meal solutions, have driven consumers to seek food options requiring minimal preparation time and effort. Moreover, the convenience offered by these mushrooms aligns well with the trend of home cooking and meal kits. Thus, the increased consumer demand for convenience foods is a driving force behind the growth of the market.
However, Fresh mushrooms are often the preferred choice for many consumers due to their perceived superior quality. Canned mushrooms also present a strong competitive edge with their convenience and cost-effectiveness. Hence, the competition from fresh and canned mushrooms presents a challenge to the growth of the market.
Based on type, the market is classified into button, shiitake, oyster, and others. The button segment procured 32% revenue share in the market in 2023. Button mushrooms, also known as white mushrooms, are appreciated for their mild flavor and firm texture, making them a versatile ingredient in many Western cuisines, including salads, pizzas, and pasta dishes.
On the basis of application, the market is bifurcated into the household and food service industry. The household segment recorded a 30% revenue share in the market in 2023. Also, the segment acquired a volume of 6,444.9 tonnes in 2023. In the household segment, the demand for these mushrooms has been driven by the increasing recognition of the nutritional benefits of mushrooms and the trend toward plant-based diets and home-cooked meals.
Free Valuable Insights: Global Frozen Mushrooms Market size to reach USD 498.0 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed a 36% revenue share in the market in 2023. In North America, consumers are increasingly aware of the health benefits associated with mushrooms, including their rich nutritional profile and potential immune-boosting properties.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 336.9 Million |
| Market size forecast in 2031 | USD 498.0 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.2% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2024 to 2031 |
| Number of Pages | 239 |
| Number of Tables | 510 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, Types, Region |
| Country scope |
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| Companies Included | OKECHAMP S.A., Costa Group Holdings Limited, Big Mountain Foods, McCain Foods Limited, Monterey Mushrooms, LLC, Bonduelle S.A., Monaghan Mushrooms, Scelta Mushrooms, South Mill Mushrooms Sales, Inc. (The Mushroom Company) and Phillips Mushroom Farms |
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Types (Volume, Tonnes, USD Million, 2020-2031)
By Geography (Volume, Tonnes, USD Million, 2020-2031)
This Market size is expected to reach $498 million by 2031.
Technological advancements in freezing techniques are driving the Market in coming years, however, Competition from fresh and canned mushrooms restraints the growth of the Market.
OKECHAMP S.A., Costa Group Holdings Limited, Big Mountain Foods, McCain Foods Limited, Monterey Mushrooms, LLC, Bonduelle S.A., Monaghan Mushrooms, Scelta Mushrooms, South Mill Mushrooms Sales, Inc. (The Mushroom Company) and Phillips Mushroom Farms
In the year 2023, the market attained a volume of 21,951.4 tonnes experiencing a growth of 18.6% (2020-2023).
The Food Service Industry led dominated the Market by Application in 2023; thereby, achieving a market value of $343.8 Million by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $171.6 Million by 2031.
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