The global cordyceps sinensis and militaris extract market is a highly lucrative market. Cordyceps sinensis and militaris are fungi that have been used in traditional Chinese medicine for centuries due to their perceived health benefits. The extracts from these fungi are considered adaptogens and are commonly used in dietary supplements, functional foods and beverages seeking to boost physical performance, support immune function and reduce fatigue. Rising consumer inclination towards proactive healthcare and demand for natural health solutions has spurred the demand for cordyceps supplements globally.

The Global cordyceps sinensis and militaris extract market is estimated to be valued at US$ 1,072.5 Mn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the cordyceps sinensis and militaris extract market 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. The key players are focused on new product launches, partnerships, expansions and acquisitions to strengthen their market presence.

The key opportunities in the market include rising demand from developing economies of Asia Pacific and Latin America. Countries like China, India, Brazil, Mexico in these regions are anticipated to offer significant growth opportunities owing to increasing health consciousness.

Global expansion remains a top priority for leading market players. Increased R&D investments and strategic collaborations across international markets are helping companies strengthen global footprints and cater to the diverse consumer demands.

Market Drivers

Increasing popularity of herbal medicines and natural health supplements: Growing trend of consuming herbal formulations for health and wellness is driving the demand for cordyceps extracts. Government support to herbal supplements further boosts the market.

Favorable research on health benefits: Extensive research highlighting benefits like antioxidant, anti-inflammatory and immune-modulating properties of cordyceps extracts is increasing consumer confidence, thereby fuelling the market growth.

Market Restrain

High production costs: Mass cultivation of cordyceps fungi involves high costs associated with labor, utilities and infrastructure which makes extracts expensive. This poses a major challenge for market penetration.

Counterfeit products: Presence of fake products claiming false health benefits adversely impact genuine manufacturers and brand value in the highly competitive cordyceps market. Stringent quality controls are required to overcome this restrain.

Segment Analysis
The cordyceps sinensis and militaris extract market is segmented by form into powder, liquid, and capsule & tablet. The powder segment is dominating currently as powder form of cordyceps extract can easily be added to dietary supplements and health drinks. Powder form has high solubility and absorption rate in the body.

The market is also segmented by application into food & beverages, pharmaceuticals, dietary supplements, and personal care & cosmetics. The dietary supplements segment is dominating currently due to increasing usage of cordyceps supplements for boosting immunity, energy, and stamina. Cordyceps supplements are widely consumed as metabolic and endurance enhancers.

Regional Analysis
The Asia Pacific region is the fastest growing and dominating regional market for cordyceps sinensis and militaris extract currently. Countries like China, Japan, and South Korea are major producers and consumers. Northeastern Himalayan region comprising India and Nepal also contribute significantly to market growth. Rapidly growing wellness industry and traditional usage of cordyceps in Chinese medicine drives the regional market. North America and Europe are other major regional markets supported by increasing popularity of natural dietary supplements.

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/