Europe Functional Mushroom Market Size & Outlook
Europe functional mushroom market, 2018-2030 (US$M)
Related Markets
Europe functional mushroom market highlights
- The Europe functional mushroom market generated a revenue of USD 9,091.0 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, shiitake was the largest revenue generating product in 2023.
- Reishi is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Poland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,091.0 million |
| Market revenue in 2030 | USD 19,073.3 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reishi, Cordyceps, Lions Mane, Turkey Tail, Shiitake, Chaga |
| Key market players worldwide | Way Of Will, M2 Ingredients, Monterey Mushrooms, REBBL, SoTru, North American Medicinal Mushroom Extracts, Monaghan |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.7% of the global functional mushroom market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,988.2 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe functional mushroom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional mushroom market will help companies and investors design strategic landscapes.
Shiitake was the largest segment with a revenue share of 33.74% in 2023. Horizon Databook has segmented the Europe functional mushroom market based on reishi, cordyceps, lions mane, turkey tail, shiitake, chaga covering the revenue growth of each sub-segment from 2018 to 2030.
The rising trend of fortified plant-based food products with various immune-boosting biochemicals, such as antioxidants, polysaccharides, and other health-beneficial compounds, is expected to fuel the market growth. As per a survey by Smart Protein Project published in November 2021, nearly 7% of the respondents in Europe consumed plant-based functional foods, while 30% of the respondents were flexitarian.
Furthermore, the rising demand for clean-label supplements in Europe is fueling the demand for functional mushroom-based dietary supplements in the region.
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Target buyers of Europe functional mushroom market databook
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Our clientele includes a mix of functional mushroom market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe functional mushroom market , including forecasts for subscribers. This continent databook contains high-level insights into Europe functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe functional mushroom market size, by country, 2018-2030 (US$M)
Europe Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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