The canned mushroom market size is expected to grow by USD 1.73 billion from 2021 to 2026 progressing at a CAGR of 7.97% as per the latest market report by Technavio. 39% of the market’s growth will originate from Europe during the forecast period. The UK is the key market for the canned mushroom market in Europe. Market growth in this region will be slower than the growth of the market in APAC. The economic downturn will facilitate the canned mushroom market growth in Europe over the forecast period.
Canned mushroom market: Growing need for convenience foods owing to hectic lifestyles to drive growth
The growing need for convenience foods owing to hectic lifestyles is one of the key drivers supporting the canned mushroom market growth. The hectic lifestyle of millennials increased the demand for convenient, nutritious food offerings and canned foods such as canned mushrooms. The airtight, sealed metal containers increase the shelf life and help retain the nutrition of food products. Canned food products also cater to health-conscious consumers, who look for nutritious food products. The taste and quality of food products are preserved against various conditions by the metal containers, from manufacturing to supplying to distributing outlets. Moreover, Cans made of steel efficiently protect the canned content from deterioration due to light. Such advantages will drive market growth during the forecast period.
Canned mushroom market: Threat of contamination to hinder the growth
The threat of contamination is one of the factors hindering the canned mushroom market’s growth. Most vendors purchase or source raw materials from third-party suppliers. Improper handling of these supplies can result in food contamination. One of the most common reasons for food poisoning is the spread of germs onto food from other food, surfaces, equipment, and hands. It can result in products being discarded or recalled, which could affect a company’s operation and sales. Meanwhile, inspection bodies have the right to shut down a business because of unsafe and unhygienic activities related to food and have the authority to seize food and beverage products that are a threat to the wellbeing of consumers. Such threats are hindering the market growth.
