MARKET OVERVIEW- FROZEN WHITE MUSHROOM MARKET
Frozen white mushrooms are a type of mushroom that is harvested and immediately frozen to maintain their taste and freshness. They are a common ingredient in various dishes and can be utilized in soups, sauces, stir-fries, and more. Some important facts about frozen white mushrooms include their nutritional value, storage, preparation, cooking, and safety. White mushrooms are low in calories and high in nutrients, including vitamin D, potassium, and B vitamins. They contain antioxidants and other compounds that may be beneficial to health. To store frozen white mushrooms correctly, they should be kept in the freezer at or below 0°F (-18°C) and can be preserved for several months. They can be used straight from the freezer or thawed in the fridge for several hours or overnight. After thawing, they can be used similarly to fresh mushrooms. When cooking frozen white mushrooms, it's best to cook them swiftly over high heat to prevent them from becoming too mushy. They can be cooked in various ways, such as sautéing, stir-frying, roasting, or grilling. When handling frozen white mushrooms, it's crucial to follow food safety rules by washing your hands before handling the mushrooms and cooking them to an internal temperature of 165°F (74°C) to eliminate any harmful bacteria. frozen white mushrooms are a convenient and healthy ingredient that can be a fantastic addition to any meal with proper storage, preparation, and cooking.
MARKET DRIVERS
The demand for Frozen White Mushrooms is being fueled by various factors, such as the increasing preference for organic and healthy food choices and the surging popularity of plant-based diets. The trend toward health consciousness has prompted consumers to seek food products that are free from harmful substances like chemicals and pesticides. With low-calorie content and high nutritional value, Frozen White Mushrooms are often promoted as a natural and healthy food option. Additionally, the shift towards plant-based diets has led many individuals to look for non-meat substitutes, and Frozen White Mushrooms are a popular choice due to their similar texture and flavor. As consumers continue to prioritize health and environmental concerns, and the preference for plant-based diets continues to grow, the demand for Frozen White Mushrooms is anticipated to increase.
MARKET OPPORTUNITIES
Frozen white mushrooms have the potential to tap into various market segments in the food industry. One such segment is the health food market, where the low-calorie and nutrient-dense properties of mushrooms make them a desirable option for consumers seeking healthy and convenient meal choices. Additionally, the growing vegan and vegetarian market can be targeted by promoting frozen white mushrooms as a meat substitute in plant-based dishes. Busy consumers who prefer easy-to-prepare meals also present an opportunity, as the mushrooms can be utilized in a variety of dishes and added to ready-to-eat meals. The mushrooms' use in several ethnic cuisines further expands their potential market reach, and food service companies can be targeted as well, offering a cost-effective and convenient ingredient option. Overall, frozen white mushrooms hold various market opportunities, creating the possibility of substantial profits for food industry producers and manufacturers.
MARKET RESTRAINTS
The market for frozen white mushrooms might experience seasonal demand owing to variables like weather, availability, and holidays, leading to fluctuations in supply and demand. Furthermore, the frozen mushroom industry is intensely competitive, with numerous established players already providing comparable products. This could pose difficulties for new entrants in capturing market share. Additionally, fluctuations in the cost of production, supply and demand, and currency exchange rates can impact the price of frozen white mushrooms, influencing pricing strategies and profit margins.
MARKET GROWTH CHALLENGES
Fresh mushrooms have always been a popular choice for consumers and are widely available in supermarkets and grocery stores. Due to their natural flavor and texture, which may not be matched by frozen mushrooms, consumers may prefer fresh mushrooms. Mushroom production is highly dependent on climatic conditions, resulting in seasonal variations that may impact the availability and price of frozen mushrooms in the market. This presents a challenge for manufacturers seeking to maintain a consistent supply of frozen mushrooms. Frozen mushrooms may be perceived to be of lower quality than fresh mushrooms. Consumers may believe that freezing affects the texture and flavor of mushrooms, resulting in a less desirable product.
CUMULATIVE GROWTH ANALYSIS
In the context of the frozen white mushroom market, this approach would entail assessing the market's growth rate during a specific timeframe, such as the previous five or ten years. Reports from the industry suggest that the frozen white mushroom market has been steadily expanding in recent years. This is likely due to various factors, including rising consumer interest in natural and healthy food products, as well as the increasing popularity of vegetarian and vegan diets.
FROZEN WHITE MUSHROOM MARKET SEGMENTAL OVERVIEW
The Frozen White Mushroom Market comprises of different market segments like, Type, end-users, Brand Type and geography.
FROZEN WHITE MUSHROOM MARKET BY TYPE
By type, Frozen Mushroom Market includes key segments like
- Button
- Shiitake
- Oyster
- Others
Due to the rise in demand for convenient and nutritious food choices, the frozen mushroom market is predicted to expand in the future. The market is categorized by mushroom type, including button, shiitake, oyster, and other varieties. Among these, button mushrooms are the most widely consumed and used in the food industry. The demand for them is expected to grow as a result of the expanding market for processed food products. Shiitake mushrooms are another well-known variety due to their unique flavor and health benefits. Their use in various cuisines is anticipated to increase, contributing to their growing demand. Oyster mushrooms, with their delicate texture and flavor, are being used in various food products like sauces, soups, and gravies. Their demand is also projected to rise in the future. Additionally, other mushroom varieties such as portobello, cremini, and enoki are becoming increasingly popular, adding to the growth of the frozen mushroom market. The frozen mushroom market is expected to grow steadily due to the increasing demand for nutritious and convenient food options and the mushroom's popularity in the food industry.
FROZEN WHITE MUSHROOM MARKET BY END USER
Frozen White Mushroom Market finds key end-users like
- Retail
- Food Service
- Food Industry
- Others
The demand for frozen white mushrooms has been increasing in recent years, driven by the growing popularity of mushroom-based dishes and the convenience of using frozen mushrooms. The market is segmented into various end-users such as retail, food service, food industry, and others. The retail sector includes supermarkets, hypermarkets, and convenience stores, where consumers purchase frozen white mushrooms for home consumption. The food service sector includes restaurants, cafes, and other food outlets, where frozen white mushrooms are used as an ingredient in various dishes. The food industry sector includes food manufacturers who use frozen white mushrooms as an ingredient in their products, such as soups, sauces, and ready meals.
The growth of the frozen white mushroom market is expected to be driven by the increasing demand from these end-users. The retail sector is expected to remain the largest end-user segment, as consumers continue to demand convenient and easy-to-use products. The food service sector is also expected to grow as restaurants and other food outlets increasingly use frozen white mushrooms in their dishes. The frozen white mushroom market is expected to see steady growth in the coming years, as consumers continue to seek out convenient and healthy food options.
FROZEN WHITE MUSHROOM MARKET BY BRAND TYPE
The frozen white mushroom industry is anticipated to experience consistent growth in the upcoming years due to several factors, including the rise in demand for convenience food, the expanding foodservice industry, and the increasing popularity of vegan and vegetarian diets. Established brands such as Bonduelle, Green Giant, Birds Eye, and Pictsweet, along with private label products, are among the many players in the market. Private label products are gaining popularity in supermarkets and discount stores. The market growth for both branded and private label frozen white mushrooms is expected to be affected by factors like pricing, packaging, and product quality.
FROZEN WHITE MUSHROOM MARKET BY REGION
Frozen White Mushroom market studied for following region
- North America
- Europe
- Asia Pacific
- Rest of The World
In terms of geography, the North American Frozen Mushrooms Market had the largest revenue share of 32% in 2022 due to its strong presence in developed economies such as the United States and Canada. Consumers in these regions are willing to pay more for premium products made from natural and organic materials. The National Agricultural Statistics Service Information (NASS) reported that mushroom production sales in the United States for 2021-2022 reached 702 million pounds. Meanwhile, the Asia-Pacific region is expected to have the fastest growth rate during the 2023-2028 forecast period. Mushrooms are commonly used for medicinal purposes in traditional medical systems like Ayurveda and Traditional Chinese Medicine to treat various ailments, including cardiovascular diseases. The demand for mushrooms in this region is expected to rise due to their low-calorie count, high nutritional value, and immune-boosting properties.
COVID-19 IMPACT ANALYSIS ON FROZEN WHITE MUSHROOM MARKET
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the Frozen White Mushroom market. In addition, a complete analysis of changes in the Frozen White Mushroom market expenditure, and economic and international policies on the supply and demand side is provided in this exclusive report. The report also studies the impact of the pandemic on Global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The frozen white mushroom market has been impacted by the COVID-19 pandemic, with potential effects such as disruptions in supply chains, changes in consumer behavior, shifts in foodservice demand, and fluctuations in pricing. Supply chain availability may be affected due to lockdowns and travel restrictions, while changes in consumer behavior, such as an increased demand for frozen and non-perishable foods, may increase demand for frozen white mushrooms. The closure or reduced capacity of restaurants and cafes may decrease demand from foodservice providers, and pricing may be affected by changes in supply and demand resulting from the pandemic's severity and duration.
COMPETITIVE LANDSCAPE ANALYSIS
The market for frozen white mushrooms is highly competitive, with a significant number of players operating in it. Key players in the market include Bonduelle SA, Costa Group Holdings Limited, Greenyard NV, Monaghan Mushrooms Ltd, Okechamp SA, The Mushroom Company, Monterey Mushrooms Inc., and Scelta Mushrooms BV. These companies compete based on various factors such as product quality, price, distribution, and innovation. Furthermore, they compete based on their market presence, with some companies having a strong regional presence and others operating globally. The frozen white mushroom market is also characterized by the presence of several small and medium-sized players, which further intensifies the competition. Some of these players are focused on catering to niche segments such as organic or specialty frozen white mushrooms.
The key players studied in market are
- Agro Dutch Industries Pvt Ltd
- Weikfield Foods Pvt.Ltd
- Biofungi GmbH
- California Mushroom Farms Inc
- Monaghan Mushrooms
- Highline Mushrooms
- Scelta Mushrooms BV
- Monterey Mushrooms, Inc
- Banken Champignons B.V
- Bonduelle
- Ecolink Baltic
- Costa Group
- CMP Mushroom
- Drinkwater Mushrooms
- Greenyard
- OKECHAMP S.A
- Shanghai Fengke Biological Technology Co,.Ltd
- The Mushroom Company
RECENT DEVELOPMENT:
September 2022: McCain Foods has made a significant investment by acquiring Scelta Products, a company based in the Netherlands that offers a range of tasty prepared vegetable appetizers. This move is expected to help McCain expand its presence in the frozen vegetable appetizer market.
October 2021: Beatnic, a popular vegan restaurant chain located in New York City, has partnered with Fable Food Co, an Australian company, to introduce a new meat substitute made from natural shiitake mushrooms. This product will be available at all Beatnic locations across the United States.
May 2021: Magical Mushroom Hub has recently introduced a new type of mushroom called Porcini, which is highly coveted and can fetch a price of around USD 50 per pound due to its exceptional qualities. This new cultivar was developed by Denis Vidmar.
