Canned Mushroom Market Continues to Grow Rapidly as Industry Leader Giorgio Fresh Co Acquired packing and distribution/sales operations of Country Fresh Mushroom in Arizona

Canned mushrooms are generally processed from dried mushrooms that were harvested from the wild. There are also canned mushrooms that are preserved using various methods including freezing, curing, filtration, pickling, and fermentation. Most commercial mushrooms contain some mushroom solids; this includes the juice, stems, and brine. Canned mushrooms can be used to create soups and stews; it can be added to sauces or prepared as meatballs and sausage. It is also popular for being added to pasta dishes, gravies, salads, and meat-based soups. The other applications of mushrooms include making soups and sauces, adding to a salad, and even stuffing. They can also be used as a topping for bread and cakes. The flavor and texture of mushrooms depend on the species. When mushrooms are prepared fresh, they have a nutty and earthy taste.Increasing demand for nutritional processed food is expected to drive growth of the global canned mushroom market during the forecast period. The processed food industry has witnessed a massive surge in both developed and emerging economies such as India and China. 

According to the Strategic Investment Research Unit (SIRU), India, during 2018-19, India’s agricultural and processed food export was valued at US$ 38.49 billion. According to the Department of Industrial Policies and Promotion (DIPP), the food processing sector in India received around US$ 7.54 billion worth of foreign direct investment (FDI) during April 2000-March 2017. Such massive growth of processed food has led to increased demand for canned mushrooms. Hence, these factors are expected to drive growth of the global canned mushroom market during the forecast period. Furthermore, rising consumer preference for healthy food products is expected to propel the global canned mushroom market growth in the near future.

However, the use of synthetic materials in food cans including preservatives and bisphenol A to keep food fresh is expected to restrain growth of the global canned mushroom market during the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global canned mushroom market during the forecast period. This is owing to increasing consumption of mushrooms across the region. Moreover, the presence of major manufacturers in China and India is expected to boost the regional canned mushroom market growth. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to rising awareness regarding the health benefits of mushrooms.

Key companies operating in the global canned mushroom market are Amish Country Store, B&G Foods North America, Inc., Libby’s Brand Holding, Giorgio Fresh Co., Prochamp, The Mushroom Company, American Garden, Monterey Mushrooms, Dhruv Agro, and Muniraj Mushroom Farm.

For instance, in January 2019, Giorgio Fresh Co. acquired Country Fresh Mushroom’s packing and distribution/sales operations in Phoenix, Arizona.


 

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