Expanding Frozen Mushroom Market Set to Reach a Valuation of USD 669.6 Million by 2034
The global market for frozen mushrooms is experiencing a significant surge, with the Asia-Pacific region poised to capture a 20% share by 2024 [1]. This growth is driven by the increasing consumer interest in nutrient-rich, plant-based foods, which has strengthened the market position of white frozen mushrooms.
In 2024, white frozen mushrooms commanded a leading 37.2% share of the frozen mushrooms market [1]. The preference for white mushrooms is due to their widespread culinary use and global popularity.
Key players in the frozen mushroom market are adapting to meet consumer demands. McCain is focusing on meeting the demand for plant-based and convenience foods, expanding its frozen mushroom product line to include value-added options like seasoned and pre-cooked mushrooms for quick meal solutions [2].
Similarly, Costa Group has invested in advanced freezing technologies to extend shelf life and preserve mushroom quality [3]. They are also exploring new export markets for their frozen mushroom products, particularly in Asia.
Modern Mushroom Farms is partnering with food manufacturers to supply high-quality frozen mushrooms for processed foods [4]. They have increased production capacity for frozen mushrooms, leveraging automation to improve efficiency.
Drinkwater's is enhancing packaging to improve sustainability and convenience for consumers [5]. They have also introduced new frozen mushroom blends, combining different varieties for the retail and foodservice sectors.
The Frozen Mushrooms Market size in 2024 was USD 411.1 million [1]. The market is projected to reach USD 669.6 million by 2034, exhibiting a CAGR of 5.0% from 2025 to 2034 [6].
The cuisine segment held a 44.1% share of the frozen mushrooms market by application in 2024 [1]. North America led the global frozen mushrooms market, capturing a dominant 47.3% share in 2024 [7].
Major producers of frozen mushrooms include China, the United States, the Netherlands, and Poland [8]. In the U.S., mushroom imports primarily come from Canada and Mexico, with a 20% tariff on Chinese mushrooms reducing imports from China by over 30% [9].
The broader global mushroom market (including fresh, processed, and frozen forms) was valued at USD 63.1 billion in 2024 and is forecast to nearly double to USD 121.1 billion by 2034, exhibiting a CAGR of 6.7% over this period [10].
While no exact market share figure or segmented forecast specifically for white frozen mushrooms in the global frozen mushrooms market from 2025 to 2034 is directly provided, it is reasonable to infer that white mushrooms maintain a major portion of the frozen mushroom segment due to their global popularity and widespread culinary use. Therefore, the white frozen mushrooms segment is likely to grow in line with or slightly faster than the overall frozen/processed mushroom market CAGR of approximately 6.7% to 7.3% from 2025 to 2034, benefiting from general market expansion and consumer preferences.
Sources:
- MarketsandMarkets
- McCain Foods
- Costa Group
- Modern Mushroom Farms
- Drinkwater's
- ResearchAndMarkets
- Fior Markets
- Statista
- USITC
- IBISWorld
In light of increasing consumer demand for plant-based foods, the business strategy of key players like McCain involves expanding their frozen mushroom product line, including value-added options. (focus on business, food-and-drink)
The growing popularity of white frozen mushrooms in the global market is not only attributed to their culinary use but is also a driving factor in the projected growth of the broader mushroom industry, expected to nearly double in value by 2034. (industry, finance)
