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Cordyceps Sinensis And Militaris Extract Market Overview: Cordyceps sinensis and militaris extracts are used in diverse applications such as dietary supplements, functional foods and sports nutrition products owing to their health promoting properties. These extracts contain bioactive compounds with antioxidant, anti-inflammatory and immunity boosting effects. 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: The global Cordyceps Sinensis And Militaris Extract Market is primarily driven by the heightened demand for immunity boosting products amidst the ongoing Covid-19 pandemic. Cordyceps extracts contain polysaccharides, nucleosides and peptides that help enhance immune response and protect against viral and bacterial infections. A strong immune system is critical currently for preventing disease contraction and severity. As a result, consumption of cordyceps supplements has increased substantially globally with people looking to maintain overall health and wellness from natural remedies during these uncertain times. This has significantly contributed to the growth of the overall cordyceps extracts market size over the forecast period.
SWOT Analysis
Strength: It helps boost immunity and boosts energy levels. Regular consumption can help combat fatigue and increase stamina.
Weakness: The extract is expensive to produce at scale due to complex harvesting and production processes. Supply chain issues can affect consistent availability.
Opportunity: Rising health awareness is driving demand for herbal supplements globally. The market has potential in developed regions where people spend more on preventive healthcare and wellness products.
Threats: Stringent regulation and safety checks delay product launches. Substitute products capturing market share can impact sales.
Key Takeaways
The global Cordyceps Sinensis And Militaris Extract Market is expected to witness high growth. The market size is projected to reach US$ 1,072.5 Mn by 2024, expanding at a CAGR of 10% during the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific currently dominates the market, accounting for over 50% share. China is the largest producer and consumer owing to prevalence of traditional Chinese medicine using Cordyceps extracts. North America and Europe are other major markets and are expected to witness steady growth due to increasing popularity of supplements containing Cordyceps extract.
Key players: Key players operating in the Cordyceps Sinensis And Militaris Extract are Lubrizol Corporation, Naturalin bio-resources co. Ltd., NU SKIN ENTERPRISES INC., Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co. Ltd., Xi’an Saina Biological Technology Co. Ltd. (Herbsino), Dalong Biotechnology Co. Ltd., Health Choice Limited, Nutra Green Biotechnology Co. Ltd, Sunrise Nutrachem Group Ltd., Ojas Farms, Golden Vital Agro Herbal Private Limited, MycoForest. These companies are focusing on new product launches and expanding distribution globally through partnerships.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
