UK Functional Mushroom Market Size & Outlook, 2023-2030
UK functional mushroom market, 2018-2030 (US$M)
Related Markets
UK functional mushroom market highlights
- The UK functional mushroom market generated a revenue of USD 1,006.7 million in 2023 and is expected to reach USD 2,124.6 million by 2030.
- The UK market is expected to grow at a CAGR of 11.3% 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.
Functional mushroom market data book summary
| Market revenue in 2023 | USD 1,006.7 million |
| Market revenue in 2030 | USD 2,124.6 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Shiitake |
| Fastest growing segment | Reishi |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 3.2% of the global functional mushroom market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Italy functional mushroom market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 2,314.7 million by 2030.
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Functional Mushroom Market Scope
Functional Mushroom Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 34.28% in 2023. Horizon Databook has segmented the UK 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 U.K. imports functional mushrooms majorly from China and Netherlands, which accounted for approximately 55% of total functional mushroom imports in 2021.
The U.K. comprises the largest vegan population; thus, the consumption of vegan functional food products—including functional mushrooms—is likely to witness substantial growth in the coming years.
Consumers in the U.K. are showing an increased interest in plant-based supplements that boost immunity, which is expected to fuel the demand for functional mushrooms in the country.
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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 country-level data and insights on the UK functional mushroom market , including forecasts for subscribers. This country databook contains high-level insights into UK functional mushroom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK functional mushroom market size, by product, 2018-2030 (US$M)
UK Functional Mushroom Market Outlook Share, 2023 & 2030 (US$M)
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