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Cordyceps Sinensis and Militaris Extract are known for their immune boosting properties which are in high demand in the current scenario. These extracts are derived from the rare mushroom species Cordyceps sinensis and Cordyceps militaris and are known for their antibacterial, anti-inflammatory, and antioxidant properties. Cordyceps extracts enhance immunity and energy levels while improving lung function and respiratory health. With busy lifestyles and growing health concerns, more people are incorporating these extracts in the form of capsules, powders, and teas to strengthen their immunity naturally. 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:One of the key trends in the Cordyceps Sinensis and Militaris Extract Market is the growing popularity of these extracts in different applications beyond dietary supplements. With awareness about their therapeutic properties increasing, Cordyceps extracts are increasingly being utilized in functional foods and beverages as well as cosmetic products for their anti-aging benefits. While capsules and powders remain the major revenue generators currently, demand for Cordyceps infused healthy foods and beauty products is on the rise. This is encouraging manufacturers to launch new product lines catering to this demand, thereby supporting the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The Cordyceps Sinensis and Militaris Extract market faces moderate threat from new entrants due to high capital requirements and established presence of existing players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternative substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to existence of many raw material suppliers in the market.
Threat of new substitutes: Threat from substitutes is low as Cordyceps Sinensis extract offers unique health benefits.
Competitive rivalry: Competition in the market is high due to presence of many domestic and international brands.
Key Takeaways
The global Cordyceps Sinensis And Militaris Extract market is expected to witness high growth over the forecast period. The growing awareness about health benefits of Cordyceps extracts is driving the market growth.
Regional analysis – Asia Pacific region currently dominates the market due to major presence of Cordyceps manufacturers. China accounts for the largest share in global production of Cordyceps mushrooms.
Key players – 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 major players are focusing on new product launches and expansion plans to strengthen their market position.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
