South Korea Mushroom Extract Market Size, Share, and COVID-19 Impact Analysis, By Product (Shiitake Extract, Reishi Extract, Lion’s Mane Extract, Cordyceps Extract, Turkey Tail Extract, and Chaga Extract), By Form (Powder and Liquid), By Application (Dietary Supplements, Functional Foods & Beverages, Pharmaceuticals, and Cosmetics & Personal Care), and South Korea Mushroom Extract Market Insights, Industry Trend, Forecasts to 2035.

South Korea Mushroom Extract Market Insights Forecasts to 2035

• The South Korea Mushroom Extract Market Size Was Estimated at USD 263.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 12.20% from 2025 to 2035
• The South Korea Mushroom Extract Market Size is Expected to Reach USD 935.8 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Mushroom Extract Market Size is Anticipated to reach USD 935.8 Million By 2035, Growing at a CAGR of 12.20% from 2025 to 2035. The increase is ascribed to improvements in extraction techniques that boost the strength and effectiveness of mushroom extracts as well as growing knowledge of the health advantages of medicinal mushrooms. The market is also growing as a result of the growing use of mushroom extracts in the personal care and cosmetics sector.

Market Overview

The mushroom extracts market demand is mainly due to advances in extraction technology, which rises their potency and efficacy, as well as increased awareness of the health values of medicinal mushrooms. The trend is also supported by the escalating application of mushroom extracts in the personal care and cosmetics sector, as consumers are looking for organic and natural products that can help improve their wellbeing. As increasingly more people become aware of the distinctive health advantages provided by various kinds of mushrooms, interest keeps increasing. The increased consciousness about medicinal mushrooms and their possible applications in treating many ailments is a major growth driver for the market. Functional foods and mushroom-extract containing supplements are widely used by consumers as an easy means of accessing these healthy ingredients in their diets. Research institutions and government departments are working closely with industry players to support research on novel cultivation practices, processing technologies, and product innovation. Also, government programs are supplying essential infrastructure, like warehouses and transportation links, to facilitate the smooth movement of mushroom extracts in markets.

Report Coverage

This research report categorizes the market for the South Korea mushroom extract market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mushroom extract market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea mushroom extract market.

Driving Factors

South Korea's mushroom extract market is specially driven by high synergy with Traditional Korean Medicine, high-end R&D capabilities, and harmony with its world-famous beauty industry where mushroom extracts are incorporated in skincare cosmetics. Also, growth in personalized nutrition, fueled by digital health technologies, and strong government support for functional food exports further fuels market growth. These factors make South Korea stand apart from other regional markets.

Restraining Factors

The market for mushroom extract in South Korea is constrained by high production costs, raw material scarcity, regulatory strictness, and low health segment consumer awareness, which influences wider market penetration.

Market Segmentation

The South Korea mushroom extract market share is classified into product, form and application.

• The shiitake extract segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mushroom extract market is segmented by product into shiitake extract, reishi extract, lion's mane extract, cordyceps extract, turkey tail extract, and chaga extract. Among these, the shiitake extract segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because of its strong consumer awareness, ample documented health benefits, and extensive uses in functional foods and dietary supplements. Its dense nutrition profile, such as immune-boosting and cholesterol-lowering effects, as well as expanding demand for natural healthcare options, underpin its sustained growth in South Korea.

• The powder segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mushroom extract market is segmented by form into powder and liquid. The powder segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The increasing popularity of functional foods and beverages, the growing demand for natural health supplements, and the development of extraction technologies that improve product efficacy.

• The dietary supplements segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mushroom extract market is segmented by application into dietary supplements, functional foods & beverages, pharmaceuticals, and cosmetics & personal care. The dietary supplements segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The increasing consumer awareness of the benefits of mushroom extracts for health and wellness, the growing trend toward natural and organic products, and the demand for readily available supplement forms that support overall vitality and excellent health.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mushroom extract market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• FarmHannong Co., Ltd.
• Chung Jung One Corporation
• Nongshim Co., Ltd.
• Jeju Island Mushroom Producers
• Daeheung Farm West Co., Ltd.
• Korea Horticulture Materials Co., Ltd.
• MaaSFarm Co., Ltd.
• Daedong Corporation (Kioti)
• TYM Corporation
• Jinwoo SMC
• Pulmuone Co., Ltd.
• CJ CheilJedang Corporation
• Others

Recent development:

• In March 2023, South Korea recognized strides in sustainable innovation with Siita, a zero-waste beauty brand recently recognized by the UN’s Conscious Fashion and Lifestyle Network. Siita transforms used plastic containers into compost within three months, supplying it to local farms. In a new development, the company is exploring mushroom-based packaging to further reduce plastic waste. This aligns with global trends, as companies like Ecovative develop mycelium alternatives to plastic. Siita’s vegan products also support underprivileged communities, reinforcing its eco-conscious mission.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea mushroom extract market based on the below-mentioned segments

South Korea Mushroom Extract Market, By Product

• Shiitake Extract
• Reishi Extract
• Lion's Mane Extract
• Cordyceps Extract
• Turkey Tail Extract
• Chaga Extract

South Korea Mushroom Extract Market, By Form

• Powder
• Liquid

South Korea Mushroom Extract Market, By Application

• Dietary Supplements
• Functional Foods & Beverages
• Pharmaceuticals
• Cosmetics & personal Care