Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product (Button, Shiitake, Oyster, Morel, Other), By Application (Household, Restaurants) And Competitive Landscape
Product Code: ETC077867 | Publication Date: Aug 2021 | Updated Date: Apr 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Canned Mushroom Market |
Forecast period | 2024-2030 |
CAGR | 7.3% |
Growing Sector | Food Service |
Africa Canned Mushroom Market report thoroughly covers the market By Countries, By Product, and By Application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Canned Mushroom Market is witnessing significant growth, driven by increasing consumer demand for convenient, long-lasting food products. The market is further driven by the expanding presence of international and local brands, competitive pricing, and the growing awareness among the population regarding the health benefits of mushrooms. Additionally, advancements in packaging technology are enhancing product quality and safety, appealing to a broader consumer base.
According to 6Wresearch, the Africa Canned Mushroom Market size is expected to grow steadily, reaching at a CAGR of 7.3% during the forecast period of 2024-2030. The market is experiencing dynamic growth, driven by a variety of factors including an increasing awareness of the health benefits associated with mushrooms and a growing demand for convenient, ready-to-eat food options. Apart from this, the incorporation of organic and non-GMO mushrooms into cans, catering to the health-conscious consumer, and innovative packaging solutions that extend shelf life and reduce waste are one of the key trends shaping the market dynamics. However, the market faces restraints such as fluctuating prices of raw materials and the challenge of maintaining product quality during the canning process. Despite these challenges, emerging opportunities are contributing to the Africa Canned Mushroom Market Growth. For instance, exploring underutilized local mushroom varieties and expanding into new markets driven by urbanization and changing dietary preferences.
The government have introduced policies and schemes to support the canned mushroom sector. These include subsidies for mushroom cultivation technology, training programs for farmers on sustainable practices, and incentives for small and medium enterprises involved in processing and canning mushrooms. Through such initiatives, the government stimulate production, ensure quality standards, and boost both local consumption and exports. Some of the notable policies and schemes introduced in the Africa canned mushroom industry are:
The Mushroom Development Program (MDP): This program was launched by the government of Kenya to promote commercial production and consumption of mushrooms.
The National Canned Mushroom Development Program (NCMDP): This initiative was launched by the government of South Africa to increase the production and export of canned mushrooms.
The canned mushroom market in Africa is characterized by a mix of local and international players. Among the leading companies are Africa Mushrooms, Mushroom Kenya, and South Africa’s Denny Mushrooms, which have established themselves through quality products, widespread distribution networks, and innovative marketing strategies.
The future of the Africa canned mushroom market looks promising and the growth is propelled by increasing demand both domestically and internationally. Advances in cultivation and canning technologies, alongside expanding supermarket chains, are set to improve access to markets. Additionally, the rising awareness of the health benefits of mushrooms and the trend towards vegetarian and vegan diets further boost demand.
According to Kapil Pal, Senior Research Analyst, 6Wresearch, Shiitake mushroom segment is observing the significant growth, primarily due to its rich flavor, versatility in cooking, and a wide array of health benefits that are becoming increasingly recognized by consumers.
By Application, the household segment is expected to dominate the Africa Canned Mushroom Market Share overt the forecast period, driven by consumers' increasing preference for home-cooked meals that require convenient and healthy ingredients.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Canned Mushroom Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Canned Mushroom Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Canned Mushroom Market - Industry Life Cycle |
3.4 Africa Canned Mushroom Market - Porter's Five Forces |
3.5 Africa Canned Mushroom Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Canned Mushroom Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.7 Africa Canned Mushroom Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 Africa Canned Mushroom Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Canned Mushroom Market Trends |
6 Africa Canned Mushroom Market, 2020 - 2030 |
6.1 Africa Canned Mushroom Market, Revenues & Volume, By Product, 2020 - 2030 |
6.2 Africa Canned Mushroom Market, Revenues & Volume, By Application, 2020 - 2030 |
7 South Africa Canned Mushroom Market, 2020 - 2030 |
7.1 South Africa Canned Mushroom Market, Revenues & Volume, By Product, 2020 - 2030 |
7.2 South Africa Canned Mushroom Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Nigeria Canned Mushroom Market, 2020 - 2030 |
8.1 Nigeria Canned Mushroom Market, Revenues & Volume, By Product, 2020 - 2030 |
8.2 Nigeria Canned Mushroom Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Kenya Canned Mushroom Market, 2020 - 2030 |
9.1 Kenya Canned Mushroom Market, Revenues & Volume, By Product, 2020 - 2030 |
9.2 Kenya Canned Mushroom Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Rest of Africa Canned Mushroom Market, 2020 - 2030 |
10.1 Rest of Africa Canned Mushroom Market, Revenues & Volume, By Product, 2020 - 2030 |
10.2 Rest of Africa Canned Mushroom Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Africa Canned Mushroom Market Key Performance Indicators |
12 Africa Canned Mushroom Market - Opportunity Assessment |
12.1 Africa Canned Mushroom Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Canned Mushroom Market Opportunity Assessment, By Product, 2020 & 2030F |
12.3 Africa Canned Mushroom Market Opportunity Assessment, By Application, 2020 & 2030F |
13 Africa Canned Mushroom Market - Competitive Landscape |
13.1 Africa Canned Mushroom Market Revenue Share, By Companies, 2023 |
13.2 Africa Canned Mushroom Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |