PUBLISHER: 360iResearch | PRODUCT CODE: 1465151
PUBLISHER: 360iResearch | PRODUCT CODE: 1465151
[188 Pages Report] The Frozen Mushrooms Market size was estimated at USD 11.67 billion in 2023 and expected to reach USD 12.79 billion in 2024, at a CAGR 9.73% to reach USD 22.37 billion by 2030.
The frozen mushrooms market encompasses the production, distribution, and sale of mushrooms preserved through freezing. This method helps in maintaining the mushroom's nutritional value, taste, and texture. Frozen mushrooms cater to varying consumer needs, including convenience, longer shelf life, and year-round availability, making them versatile in culinary applications worldwide. Frozen mushrooms have extensive applications in the food processing, retail, and food service industries. They are incorporated into various products, including soups, sauces, pizzas, ready meals, and health supplements. The convenience and preserved nutritive value make frozen mushrooms a favorable choice among food manufacturers, retailers, and consumers seeking efficiency and longevity in food preparation and consumption. Several factors contribute to the growth of the frozen mushrooms market, including rising demand for plant-based and vegan products, increased consumer awareness towards healthy and nutritious eating, and the growing popularity of global cuisines encouraging the use of mushrooms. However, the adoption of frozen mushrooms is hindered by the availability of fresh and canned mushrooms, logistical complexities in maintaining optimum cold chain conditions, and Varying regulatory standards across different regions. On the other hand, technological advancements in freezing technology, preserving the quality, extending the shelf life of mushrooms, and developing new mushroom blends and flavored mushrooms open new avenues for the frozen mushroom market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 11.67 billion |
Estimated Year [2024] | USD 12.79 billion |
Forecast Year [2030] | USD 22.37 billion |
CAGR (%) | 9.73% |
Type: Increasing preference for white button frozen mushrooms for staples in everyday cooking
Chestnut mushrooms offer a rich, nutty flavor that is more intense than the classic white button mushroom. They are a favorite in gourmet cooking, often used in soups, risottos, and sauces. Their firm texture also makes them ideal for stews and meat dishes. Closed-cup mushrooms are young and have a milder taste, suitable for various culinary uses, from breakfast dishes to fine dining. They are particularly favored for their versatility and affordability. Enoki mushrooms, known for their slender stems and small caps, are popular in Asian cuisine, especially in soups and salads. Their crispy texture and sweet flavor make them a distinctive choice for consumers. King oyster mushrooms are appreciated for their meaty texture and umami flavor, making them an excellent meat substitute in vegetarian and vegan dishes. They are commonly utilized in stir-fries, grilling, and as bacon alternatives. Open cups, or flat mushrooms, have a more aged flavor and larger size, making them perfect for stuffing and baking. They're a preference for consumers looking for a substantial mushroom option. Oyster mushrooms are known for their sheer texture and mild, sweet taste. They are versatile in cooking, favored in quick sautes, and as an addition to soups. Porcini mushrooms are prized for their robust, nutty flavor and are often used in Italian cuisine, particularly in risottos, pasta, and soups. Frozen versions retain much of the original texture and taste, appealing to gourmet consumers. Portobello mushrooms are immense and have a meaty surface and rich flavor, making them ideal for grilling and roasting. They're often used as meat substitutes in burgers. Shiitake mushrooms, with their rich buttery flavor, are a staple in Asian cuisines and have gained global popularity. They're commonly used in broths, stir-fries, and health-food ingredients. White button mushrooms are the most common and widely consumed mushroom type, appreciated for their mild savor and versatility in dishes ranging from salads to pizzas. The frozen mushroom market caters to diverse culinary needs and preferences. While gourmet consumers seek after chestnut and porcini mushrooms for their intense flavors, varieties such as the white button and closed cup offer versatility and are staples in everyday cooking. The king oyster and portobello varieties serve well as meat substitutes due to their texture, appealing to the growing vegetarian and vegan markets. Specialty mushrooms, such as enoki and shiitake, highlight the demand for diverse, ethnic ingredients.
End Use: Expanding usage of frozen mushrooms by retail customers due to convenience, packaging varieties
The food service industry encompasses restaurants, cafeterias, catering services, and various eateries that rely heavily on quick and easy access to ingredients, including frozen mushrooms to streamline their kitchen operations. This segment demands high-quality, consistently sized, flavor-profiled frozen mushrooms for diverse cuisines. Frozen mushrooms are essential for maintaining menu standards and customer satisfaction in this industry. Retail Customers are individuals who purchase frozen mushrooms for personal use from supermarkets, grocery stores, or online platforms. This segment seeks convenience, packaging varieties, and affordable pricing without compromising taste or quality. Consumers prefer frozen mushrooms for small, resealable packages for easy use and storage. The food service industry and retail customer segments exhibit distinct preferences and needs. The food service industry prioritizes consistency, bulk purchasing, and a wide variety to meet diverse culinary requirements. In contrast, retail customers focus on convenience, affordability, and the availability of organic options.
Regional Insights
In North America, the frozen mushrooms market is witnessing constant growth, primarily driven by the increasing consumer preference for convenience food products and the rising awareness about the nutritional benefits of mushrooms. The United States plays a pivotal role in the market dynamics of this region, with a notable presence of key players and an established retail infrastructure favoring frozen products. In Canada, there's a growing trend in using frozen mushrooms as a meat substitute, which aligns with the rising vegan and vegetarian population. The South American market for frozen mushrooms is on a growth trajectory due to evolving dietary habits and an increasing inclination towards vegetarian and vegan lifestyles. Europe is a major market for frozen mushrooms, characterized by high consumption rates. The region's strong focus on sustainable and organic farming practices has augmented the demand for organic frozen mushrooms. Poland, Netherlands, and Italy, the major producers of mushrooms in the region, are pivotal to the European market. In the Middle East, the demand for frozen mushrooms is emerging, focusing on convenience and integrating Western eating habits. Though nascent, the African market for frozen mushrooms is anticipated to grow, driven by urbanization and increased disposable income among consumers. The APAC region is experiencing rapid development in the frozen mushrooms market, primarily driven by changing dietary habits, urbanization, and increasing disposable incomes. China and India, with their vast populations, are key contributors to this growth. Innovations in product offerings and a surge in online grocery shopping further propel the market forward.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Frozen Mushrooms Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Frozen Mushrooms Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Frozen Mushrooms Market, highlighting leading vendors and their innovative profiles. These include Bonduelle Group, BOUTIQUES BORDE SAS, Costa's Pty Ltd., Mantab Food Group Inc., Marky's, Marx Companies LLC, McCain Foods Limited, Mikuni Wild Harvest, Monaghan Group, Monterey Mushrooms, LLC, Nortera Foods Inc., Northwest Wild Foods, OKECHAMP S.A., PAGNAN s.r.l., Phillips Mushroom Farms, Shanghai Finc Biotech Incorporated Company, South Mill Champs, West Coast Wild Foods Ltd., and Xiamen Sinocharm Co.,Ltd.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Frozen Mushrooms Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Frozen Mushrooms Market?
3. What are the technology trends and regulatory frameworks in the Frozen Mushrooms Market?
4. What is the market share of the leading vendors in the Frozen Mushrooms Market?
5. Which modes and strategic moves are suitable for entering the Frozen Mushrooms Market?