The Cordyceps Sinensis And Militaris Extract Market involves the extracts obtained from the mushroom and fungus species Cordyceps Sinensis and Cordyceps Militaris. These extracts have high nutritional value and are known to benefit immunity, sexual performance and physical endurance. Cordyceps extracts provide various amino acids, polysaccharides, nucleosides and many other bioactive compounds. They are widely used as ingredients in functional foods and dietary supplements for their immunomodulatory, anti-fatigue, anti-tumor and antioxidant properties. 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 capture a significant share of the Cordyceps Sinensis And Militaris Extract Market owing to their wide distribution network and product varieties offered for this market. The growing demand for functional foods and dietary supplements is expected to boost the growth of the Cordyceps Sinensis And Militaris Extract Market during the forecast period. Technological advancements have enabled efficient and high yield extraction process of bioactive compounds from Cordyceps. This has augmented the availability of various Cordyceps extracts based on specific applications.
Market Trends
Increased usage of mushrooms in herbal and alternative medicine practices has positively impacted the commercial cultivation and harvesting of Cordyceps species. Cultivation techniques are improving to meet the growing demands from nutraceutical and pharmaceutical sectors. New extraction methods using enzymes, pulses electric field etc helps recover higher amounts of health promoting polysaccharides and other extracts. Standardization of extracts has increased the reliability and consistency of products made from Cordyceps Sinensis And Militaris.
Market Opportunities
Emerging applications in cancer care and anti-ageing products will drive new opportunities in the market. With rising health consciousness, clean label and organic certified Cordyceps extracts are garnering attention for usage in cosmeceuticals as well. Novel delivery formulations like tablets, capsules and beverages will promote everyday consumption of Cordyceps supplements.
Impact of COVID-19 on Cordyceps Sinensis And Militaris Extract Market Growth
The COVID-19 pandemic has significantly impacted the growth of the Cordyceps Sinensis And Militaris Extract market. During the initial phases of the pandemic, supply chain disruptions, movement restrictions, and trade barriers resulted in reduced production and demand for Cordyceps extracts. Many offline retail stores were closed due to lockdowns globally, further lowering sales. However, with the growing awareness about immuno-modulation and adaptogenic properties of Cordyceps extracts, the demand increased as people sought natural herbal remedies to boost immunity against COVID-19 infection. Due to the pandemic, companies accelerated their focus on the e-commerce channel to reach more customers with restrictions in place. Many companies started offering larger bundles and regular subscription plans online to capture consistent demand. With reduction in COVID cases and resumption of activities, the market is projected to bounce back in the coming years, driven by increasing consumer preference for herbal immunity products in the post-COVID era. Companies are also exploring new application areas and formulations for Cordyceps extracts to target specific health goals of customers.
The cordyceps sinensis and militaris extract market in terms of value is highly concentrated in East Asian regions like China, Japan and South Korea. This is because the natural Cordyceps fungus mainly grows in the high-altitude regions of the Himalayas in China, Nepal and certain parts of Southeast Asia. Majority of the overall production and cultivation of the fungus occurs in China. These countries have also been traditionally using Cordyceps in their medicine systems for centuries. Therefore, the East Asian markets account for over 60% of the current global market value. Within these regions, China dominates with over 40% market share due to its leading position in both cultivation and consumption of Cordyceps products.
The fastest growing region for cordyceps sinensis and militaris extract market is North America. Various factors are driving this growth including rising health and wellness trend, growing popularity of adaptogenic mushrooms and increased awareness about benefits of cordyceps for immunity, endurance and anti-aging. The large health supplement industry in the US and Canada is also promoting usage of cordyceps extracts in various formulations. Many North American companies are introducing new product categories and innovative delivery forms to appeal to local customers. Additionally, North American firms are collaborating with Chinese and Korean firms to ensure stable supply and improve quality standards. This is expected to further boost cordyceps extract sales in the region over the coming years.
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