Market Forecast by Countries (United States, Canada), By Source (Organic, Conventional), By Type (Oyster Mushrooms, Button Mushrooms, Shiitake Mushrooms), By Form (Dry frozen Mushrooms, Vacuum frozen Mushrooms), By End-Use (Food, Bakeries, Dressing and Salads, Pizzas, Pharmaceutical, Cosmetic and Personal Care, Household), By Distribution Channel (B2B, B2C) And Competitive Landscape
Product Code: ETC075287 | Publication Date: Aug 2021 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Frozen Mushroom Marketย |
Forecast period | 2024-2030 |
CAGR | 6.3% |
Growing Sector | Food |
The North America Frozen Mushroom Market Report thoroughly covers the market by Countries, Source, Type, Form, End-Use and Distribution Channel. The North America Frozen Mushroom Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Frozen Mushroom Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Frozen Mushroom market is witnessing growth due to the upsurge in demand for quick and healthy food options from consumers. Furthermore, growing awareness for the nutritional aspects of mushrooms and increasing vegan and vegetarian population are propelling the market growth. The prominent companies in the market are investing heavily into R&D for better product quality and shelf life. In addition, the innovation in freezing technology boosts the growth of market. Overall, the North America Frozen Mushroom market is growing well and has growth potential.
According to 6Wresearch, the North America Frozen Mushroom Market is anticipated to grow at a CAGR of 6.3% during 2024-2030. One of the major drivers of the North America Frozen Mushroom Market is the high consumer inclination towards convenient and healthy food options, accompanied by the extended shelf-life without compromising nutritional value. In addition, increasing awareness regarding health benefits of consuming mushrooms like excellent nutrition content and ability to enhance immunity has consequently supported the growth in this market.
Furthermore, increasing vegan and vegetarian population in North America looking for plant-based substitutes has been also lifting the frozen mushroom demand. Moreover, the developments in freezing technology have been improving quality and taste of frozen mushrooms leading to increased attractiveness for both end-users i.e., consumers as well as foodservice providers.
However, the North America Frozen Mushroom market faces many challenges that hinder its growth. One of the major challenges is the high production and storage costs, owing to the specialized freezing technology that further requires temperature-controlled logistics, affecting overall profitability immensely. In addition, volatile supply chain dynamics based on harvest and weather patterns makes managing inventory difficult. Also, consumer understanding of the advantages of frozen over fresh mushrooms continues to be limited which remains a limiting factor in market acceptance. Moreover, the market also faces challenges due to strict regulations and compliance norms that are expensive as well time consuming for producers.
Some of the key players operating in North America Frozen Mushroom include Bonduelle, AgroFresh, The Mushroom Company, and Highline Mushrooms. The companies have a strong presence in the North American market and are continuously investing in research and development to introduce new and improved products to meet consumer demand.
North American governments have a significant impact on the growth of the Frozen Mushroom market through several initiatives. One notable initiative is the Specialty Crop Block Grant Program administered by USDA (United States Department of Agriculture) to support production and promotion of specialty crops such as mushrooms. In addition, The Farmers Market Promotion Program by the USDA Agricultural Marketing Service also plays a role in helping to expand consumer access to fresh and frozen produce, including mushrooms. Furthermore, Canadian Agricultural Partnership (CAP) provides funding to mushroom growers seeking to scale up their business or become more environmentally sustainable. Moreover, the North American Free Trade Agreement (NAFTA) ensures easy cross-border trade of frozen mushrooms, putting an end to tariffs and making it easier for frozen mushroom to compete in established markets.
The North America Frozen Mushroom market is expected to expand in the coming years. This growth is primarily driven by the growing demand for fast but healthy food from customers. Furthermore, the awareness for health benefits of mushrooms and a rise in vegan & vegetarian population are boosting the growth of this market. The key players of the market are investing a lot in R&D for manufacturing advanced quality and long shelf-life products. Furthermore, advances in freezing technology stimulates the market growth. Overall, the future of the North America Frozen Mushroom market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, The United States segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is due to the presence an evolved food industry and high consumption convenience foods, making it a major consumer of frozen mushrooms.
Based on Source, the organic segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the rising consumer interest in healthier, more natural diets and an increasing demand for organic farming methods.
On the basis of Type, the button mushrooms segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to their wide availability and versatility in cooking, making them a popular choice for consumers.
In terms of Form, the dry frozen mushrooms segment is the leading segment in the industry and will continue to grow in the coming years. The reason for this growth is due to their extended shelf life and ease of storage over other types of frozen mushrooms. In addition, dry frozen mushrooms are more cost-efficient for consumers and producers.
Based on End-Use, the food segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the demand for frozen mushrooms in a myriad of applications, such as soups, sauces and stir-fry dishes. In addition, rise in consumer demand for convenience and ready-to-eat meal options, drives the growth of this segment.
In terms of Distribution Channel, the B2B (business-to-business) segment is the leading segment in the industry due to the high demand for frozen mushrooms from restaurants, cafes, and other foodservice establishments. However, the segment that will grow in the coming years is the B2C (business-to-consumer) segment. This growth is due to the rise of e-commerce and online shopping which offer convenience and a wider selection of products, including frozen mushrooms.
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 North America Frozen Mushroom Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Frozen Mushroom Market Revenues & Volume, 2020 & 2030F |
3.3 North America Frozen Mushroom Market - Industry Life Cycle |
3.4 North America Frozen Mushroom Market - Porter's Five Forces |
3.5 North America Frozen Mushroom Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Frozen Mushroom Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.7 North America Frozen Mushroom Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 North America Frozen Mushroom Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.9 North America Frozen Mushroom Market Revenues & Volume Share, By End-Use, 2020 & 2030F |
3.10 North America Frozen Mushroom Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 North America Frozen Mushroom Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Frozen Mushroom Market Trends |
6 North America Frozen Mushroom Market, 2020 - 2030 |
6.1 North America Frozen Mushroom Market, Revenues & Volume, By Source, 2020 - 2030 |
6.2 North America Frozen Mushroom Market, Revenues & Volume, By Type, 2020 - 2030 |
6.3 North America Frozen Mushroom Market, Revenues & Volume, By Form, 2020 - 2030 |
6.4 North America Frozen Mushroom Market, Revenues & Volume, By End-Use, 2020 - 2030 |
6.5 North America Frozen Mushroom Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
7 United States Frozen Mushroom Market, 2020 - 2030 |
7.1 United States Frozen Mushroom Market, Revenues & Volume, By Source, 2020 - 2030 |
7.2 United States Frozen Mushroom Market, Revenues & Volume, By Type, 2020 - 2030 |
7.3 United States Frozen Mushroom Market, Revenues & Volume, By Form, 2020 - 2030 |
7.4 United States Frozen Mushroom Market, Revenues & Volume, By End-Use, 2020 - 2030 |
7.5 United States Frozen Mushroom Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
8 Canada Frozen Mushroom Market, 2020 - 2030 |
8.1 Canada Frozen Mushroom Market, Revenues & Volume, By Source, 2020 - 2030 |
8.2 Canada Frozen Mushroom Market, Revenues & Volume, By Type, 2020 - 2030 |
8.3 Canada Frozen Mushroom Market, Revenues & Volume, By Form, 2020 - 2030 |
8.4 Canada Frozen Mushroom Market, Revenues & Volume, By End-Use, 2020 - 2030 |
8.5 Canada Frozen Mushroom Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
9 North America Frozen Mushroom Market Key Performance Indicators |
10 North America Frozen Mushroom Market - Opportunity Assessment |
10.1 North America Frozen Mushroom Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Frozen Mushroom Market Opportunity Assessment, By Source, 2020 & 2030F |
10.3 North America Frozen Mushroom Market Opportunity Assessment, By Type, 2020 & 2030F |
10.4 North America Frozen Mushroom Market Opportunity Assessment, By Form, 2020 & 2030F |
10.5 North America Frozen Mushroom Market Opportunity Assessment, By End-Use, 2020 & 2030F |
10.6 North America Frozen Mushroom Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
11 North America Frozen Mushroom Market - Competitive Landscape |
11.1 North America Frozen Mushroom Market Revenue Share, By Companies, 2023 |
11.2 North America Frozen Mushroom Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |