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Global Canned Mushroom Market to Surpass US$ 12.9 Billion by 2026 – Coherent Market Insights

SEATTLE, July 18, 2018 (GLOBE NEWSWIRE) -- The global canned mushroom market was valued at US$ 9.7 Billion in 2017 and is projected to exhibit a CAGR of 4.6% over the forecast period (2018–2026).

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Key Trends and Analysis in the Canned Mushroom Market:

Increasing demand for processed vegetables and food is a major factor driving growth of global canned mushroom market. According to India Brand Equity Foundation (IBEF), in India, food processing industry was valued at US$ 258 billion in 2015 and it is expected to grow to 482 billion by 2020. Furthermore, rising consumer awareness about health benefits of mushroom is expected to drive growth of the market. Consumption of canned mushroom offers associated health benefits such as aids in preventing cardiovascular diseases and boosts heart health, maintains blood glucose level, and aids in improving immunity. Therefore, these factors are expected to aid in high demand for canned mushrooms. For instance, according to World Health Organization (WHO), in 2015, around 17.7 million people died globally due to cardiovascular disease (CVDs), which represents 31% of all global deaths.

A major restraining factor for growth of the market is availability of alternatives such as dried and frozen mushroom.

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Key Market Takeaways:

  • The market is expected to exhibit a CAGR of 4.6 % during the forecast period (2018–2026), and this is attributed to increasing demand for canned mushroom due to its nutritional value and health benefits.
  • North America exhibited significant growth in the canned mushroom market in 2017 and is expected to retain this trend throughout the forecast period. High production and consumption of the processed mushroom such as canned mushroom is growing in North America due to its nutritional value such as low-calorie and high protein. For instance, according to U.S. Department of Agriculture National Agricultural Statistics (USDA), in the U.S., total mushroom market was valued at US$ 1.2 billion in 2016 with production of different mushrooms including varieties such as oyster mushrooms and shiitake grew by 4% from 2015 and reached to 25.4 million pounds with a sales value of US$ 92.6 million in 2016.
  • Some of the major players operating in the global canned mushroom market are Costa Group, Monterey Mushrooms Inc., Okechamp SA., Greenyard, Prochamp, The Mushroom Company, Monaghan Mushrooms, Muniraj Mushroom Farm, Dhruv Agro, and Shanghai Finc Food Co., Ltd.

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