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Cordyceps sinensis and militaris extract are fungi that grow naturally at high altitudes and are known for their medicinal properties in traditional Chinese medicine. The products contain bioactive compounds that provide various health benefits such as enhancing immune function, increasing energy levels, and improving lung capacity. Rising awareness of the immune-boosting qualities of cordyceps extracts has increased their usage in dietary supplements, functional foods and beverages.
The global Cordyceps Sinensis And Militaris Extract Market is estimated to be valued at US$ 1,072.5 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand for natural immunity boosting products during the COVID-19 pandemic has significantly driven the growth of the cordyceps sinensis and militaris extract market. Consumers are increasingly incorporating medicinal mushrooms and superfoods in their diets to strengthen their overall health and resilience against viruses. Cordyceps extract supplements have witnessed increased uptake as they contain polysaccharides and other compounds that may enhance immune function and natural killer cell activity. Manufacturers are developing new product formulations such as cordyceps-based coffees, teas and energy drinks to appeal to a wider consumer base.
SWOT Analysis
Strength: Cordyceps sinensis and militaris extract have been used for centuries in traditional Chinese medicine to boost energy and enhance immunity. Its nutritional and medicinal properties provide various health benefits.
Weakness: The high cost of cultivation and processing makes cordyceps extract quite expensive. Also, overharvesting of wild varieties poses sustainability challenges.
Opportunity: Increasing consumer awareness about preventive healthcare and focus on cognitive health and anti-aging are driving the demand for functional foods and supplements containing cordyceps extract. The growth of e-commerce is also expanding its availability.
Threats: Stringent regulations for cultivation and wild harvesting impact supply stability. Moreover, quality and authenticity issues due to concerns over adulteration can undermine consumer confidence in some markets.
Key Takeaways
The global Cordyceps Sinensis And Militaris Extract market is expected to witness high growth.
Regional analysis comprises Asia Pacific dominates the global market and is anticipated to continue its dominance over the forecast period. China contributes significantly to the overall revenue of the APAC cordyceps extract market due to its wide production and consumption.
Key players operating in the Cordyceps Sinensis And Militaris Extract market are Lubriz, Angile Health, Maxsun Industries Inc., Bioway (Xi’an) Organic Ingredients Co., Ltd, Tongrentang, Quyuan Sunnycare Inc., Sociedad Europea De Extractos Vegetales, CangzhouKaijia Food Co., Ltd., Zhongke Group, and Nutra Green Biotechnology Co. Ltd.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
