Thailand Canned Mushroom Market (2022-2028) | Revenue, Forecast, Analysis, Size, Industry, Outlook, Share, Growth, Trends, Value, Segmentation & COVID-19 IMPACT

Thailand Canned Mushroom Market Synopsis

Thailand Canned Mushroom Market is anticipated to grow during the forecast period and will continue to grow at the rapid pace rate on the back of the increasing demand from regional markets and tourists. There are several other factors that are contributing to this growth which includes the mounting popularity of vegetarian cuisine and the increasing trend towards healthy eating. The Thailand Canned Mushroom Industry is mainly dominated by imported products. The canned mushroom market is expected to grow during the forecast period. The growth is attributed to various factors such as increasing health consciousness, growing preferences for natural foods, and rising awareness about the benefits of canned mushrooms. In addition, the increasing popularity of ethnic cuisines is also contributing to the market growth.

Moreover, factors that are expected to drive the growth of the Thailand Canned Mushroom Market include increasing demand from emerging countries such as China and India. However, the market also faces several challenges including high cost of production and low affordability of products. The increasing trend for healthy eating and growing awareness about the benefits of mushroom consumption are some of the major factors driving the growth of the canned mushroom market in Thailand. 

According to 6Wresearch, Thailand Canned Mushroom Market is expected to grow during 2022-2028. The Asia Pacific Canned Mushroom Market is anticipated to grow in the impeding years on the account of increasing demand from domestic and international consumers as well as growing popularity of ethnic cuisines such as Thai curries that include mushrooms. The country is also a major supplier of canned mushrooms to China and other Southeast Asian countries. There are two main types of mushrooms used in Thai curries- white button and straw mushroom. Other popular varieties include shiitake, oyster, enoki, and portobello mushrooms. The demand for canned mushrooms is expected to grow over the forecast period, as consumers increasingly seek out ethnic cuisines that include mushrooms. The popularity of such dishes is attributed to increasing awareness about the health benefits of consuming mushrooms and growing interest in trying new flavours and textures.

People are increasingly aware about the health benefits of consuming fresh vegetables and fruits and are looking for alternatives to unhealthy food items. Moreover, increased preference for natural foods is also propelling the demand for canned mushrooms. Consumers are preferring products that are free from artificial additives and flavours. The popularity of ethnic cuisines is also fuelling demand for canned mushrooms in some regions. However, some restraints on the market include increased competition from other food items like processed meat products which could result in deteriorating margins for players in this segment due to high pricing pressures. Additionally, strict government guidelines regarding Food Safety & Standards may limit player participation in the Thailand Canned Mushroom Industry.

Impact of COVID-19 on Thailand Canned Mushroom Market 

The outbreak of COVID-19 has had a substantial effect on the Thailand Canned Mushroom Market. The demand for canned mushrooms has reduced significantly as consumers are switching to fresh or frozen mushrooms. The decrease in demand has resulted in a decrease in prices and surplus of canned mushrooms. This has put pressure on canned mushroom manufacturers and suppliers, and many have been forced to reduce production or close their businesses altogether. The COVID-19 pandemic is anticipated to have a long-term impact on the Thailand Canned Mushroom Market share along with reduction in demand and supply expected in the coming years.

Market analysis based on Product

Based on Product, market is segmented into Button, Shiitake, Oyster, Morel, and Other. Shiitake canned mushrooms accounted for a lucrative market share on the back of easy availability of shiitake. Also, this market segment is expected to increase at tremendous rate during the forecast period owing to the health benefits paired with it and enormous varieties. Apart from this, button mushrooms are expected to held the significant market share in the forthcoming years. 

Market analysis based on Application

Based on Application segment, market is diverged into household and restaurants. The household segment is estimated to account for a prominent share in the market.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Thailand Canned Mushroom Market Outlook
• Market Size of Thailand Canned Mushroom Market, 2021
• Forecast of Thailand Canned Mushroom Market, 2028
• Historical Data and Forecast of Thailand Canned Mushroom Revenues & Volume for the Period 2018 - 2028
• Thailand Canned Mushroom Market Trend Evolution
• Thailand Canned Mushroom Market Drivers and Challenges
• Thailand Canned Mushroom Price Trends
• Thailand Canned Mushroom Porter's Five Forces
• Thailand Canned Mushroom Industry Life Cycle
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Product for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Button for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Shiitake for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Oyster for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Morel for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Other for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Household for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Canned Mushroom Market Revenues & Volume By Restaurants for the Period 2018 - 2028
• Thailand Canned Mushroom Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Thailand Canned Mushroom Top Companies Market Share
• Thailand Canned Mushroom Competitive Benchmarking By Technical and Operational Parameters
• Thailand Canned Mushroom Company Profiles
• Thailand Canned Mushroom Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product 

• Button
• Shiitake
• Oyster
• Morel
• Other

By Application 

• Household
• Restaurants