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Frozen Mushroom Market: Outlook

Mushroom or “Toadstool” was first identified in Europe as an edible item. Frozen mushrooms are the mushrooms that are cooled and frozen rapidly to retain the nutrients of fresh mushrooms. The shelf life of frozen mushrooms is about 24 months, which is not the case with ordinary mushrooms. Frozen mushrooms find a wide variety of applications in foods and medicines. Among all regions globally, Europe and North America markets account for significant consumption of frozen mushrooms. Europe and China collectively accounted for a 46.18% share in 2017. The use of frozen mushrooms in China has been growing at a rapid pace and is expected to retain the momentum during the forecast period.

  • The global frozen mushroom market was pegged at US$ 10 Million in 2017 and it is expected to reach US$ 20 Million by the end of 2025 with a CAGR of 20% between 2018 and 2025

Increasing Demand for Frozen Mushrooms in a Wide Variety of Food and Medicinal Products

The extensive use of frozen mushrooms in pizzas has been surging the demand for this product. The demand for frozen mushrooms has been increasing with its increasing applications in Italian pizzas and Indian food to enhance the overall flavor and fragrance of the dishes.

  • With growing health consciousness among the population, the demand for frozen mushrooms has been increasing considering their nutritional value and health benefits. According to a survey, in the Asia Pacific market, 46% of consumers in India are health conscious

Global Frozen Mushroom Market: Segmentation

On the basis of source, the global frozen mushroom market has been segmented as:

  • Organic
  • Conventional

On the basis of type, the global frozen mushroom market has been segmented as:

  • Oyster Mushrooms
  • Button Mushrooms
  • Shiitake Mushrooms

On the basis of form, the global frozen mushroom market has been segmented as:

  • Dry frozen Mushrooms
  • Vacuum frozen Mushrooms

On the basis of end use, the global frozen mushroom market has been segmented as:

  • Food
  • Bakeries
  • Dressing and Salads
  • Pizzas
  • Pharmaceutical
  • Cosmetic and Personal Care
  • Household

On the basis of the distribution channel, the global frozen mushroom market has been segmented as:

  • B2B
  • B2C
    • Modern Grocery Retailers
      • Convenience Stores
      • Hypermarkets
      • Supermarkets
      • Traditional Grocery Retailers
      • Food Specialists
    • Other Grocery Retailers
    • Online Retailing

Global Frozen Mushroom Market Participants

Some of the key players operating in the frozen mushroom market are Bonduelle SA, Jiangsu Yuguan Modern Agricultural S&T Co., Ltd., Scelta Mushrooms B.V., OKECHAMP S.A., Modern Mushroom Farms, Inc., Monterey Mushrooms, Inc., Costa Groups Holdings Limited, The Mushroom Company, Shanghai Finc Bio-Tech Inc, Lutece Holding B.V., Monaghan Mushrooms Ireland Limited, Phillips Mushroom Farms, Inc. and Drinkwater’s Mushroom Ltd. An increasing number of food manufacturers are keen on introducing frozen mushrooms in their product portfolios.

Opportunities for Market Participants

Frozen mushrooms can last for 24 months without any preservative, which makes them a preferred alternative to fresh mushrooms. Pizzas have been gaining popularity globally and mushrooms are extensively used in pizzas. This provides an opportunity for the manufacturers of frozen mushrooms. Nowadays, cardiovascular diseases and heart and blood pressure problems are prevalent among adults. This may also provide an opportunity for manufacturers as the high potassium and low sodium content of mushroom are helpful for heart health. Also, frozen mushrooms contain antioxidants, which help in reducing free radicals in cells.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Frozen Mushroom Market

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