Functional Mushroom Brand Space Goods Turns Over £1.5M in Nine Months

The firm introduced its first product, Rainbow Dust, in May 2022. Since then, Space Goods has achieved a £1.5 million turnover, with income projected to rise to £2.4 million by the label’s one-year anniversary.

By the end of 2023, turnover is expected to have tripled to £8 million. “Our mission is to become the world’s number one mushroom brand” Space Goods has now shipped more than 30,000 orders to 70 countries, with its website receiving over 200,000 visitors per month. The firm’s flagship product, Rainbow Dust, consists of three types of mushroom — lion’s mane, cordyceps, and chaga — blended with ashwagandha, maca root, rhodiola rosea, coffee extract, and vitamin B5.

Per to It is, to provide went up energy and sharper focus. Last month, Space Goods introduced its second product, Dream Dust. The honey and ginger-flavoured powder contains a blend of functional mushrooms and adaptogens, and is designed to help buyers achieve a deep sleep.

Both products are suitable for vegans. © Space Goods “The power of mushrooms” Last year, a report found that the mushroom trade is expected to reach $115.8 billion by 2030 , with interest rapidly growing among shoppers and manufacturers. Another study pointed out that mushrooms were one of the top CPG trends in the second quarter of 2022, with the term “mushroom” one of the most Googled in the analysed period. More in recent weeks, it was reported that exotic mushroom turnover are booming , largely driven by grew demand for plant-based foods. “I started Space Goods to educate others like me on the power of mushrooms to help unlock their best self,” said founder Matt Kelly. “Rainbow Dust and Dream Dust are just the beginning for us – this year is all about expanding our offering.

We’ve of late taken over a new European warehouse and I’m in addition excited to reveal that we will be launching two new products in the coming year. Our mission is to become the world’s number one mushroom label and given the rate the functional mushroom trade – and our fanbase – is growing, it’s a very exciting time to be on this journey.”