Cordyceps sinensis and militaris extract are types of fungi known for their immunity boosting and endurance enhancing properties. Cordyceps supplements are consumed to increase energy levels, support lung function, and reduce fatigue. An increasing number of consumers are incorporating these natural extracts in their daily diet and wellness regime to lead an active lifestyle. Cordyceps is rich in various nutrients like amino acids, polysaccharides, and adenosine, which enhance stamina. It is widely utilized in sports nutrition, herbal medicines, dietary supplements, and functional foods & beverages. Such diverse applications across industries have augmented the demand for cordyceps extracts.
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, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
Product Innovation: Manufacturers are increasingly focusing on the development of innovative cordyceps extract products with enhanced bioavailability and formulation for improved absorption in the body. For example, Lubriz improved the bioavailability of its cordyceps mushroom powder to 3X more than the raw material through the use of its nanotechnology. Such innovative products cater to modern customer demands and health needs, stimulating market growth.
Increasing Adoption of Natural Ingredients in Sports Nutrition: In the health and wellness sector, sports nutrition and dietary supplement brands are adopting cordyceps extract as a key ingredient in their products targeted at improving endurance, muscle gain, and recovery for athletes and fitness enthusiasts. This growing preference for all-natural performance enhancing ingredients is creating high lucrative opportunities in the sports nutrition market.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the cordyceps sinensis and militaris extract market is low due to high capital requirements and the established presence of existing players.
Bargaining power of buyers: The bargaining power of buyers in the cordyceps sinensis and militaris extract market is moderate as the market has numerous regional and global players manufacturing extracts.
Bargaining power of suppliers: The bargaining power of suppliers in the cordyceps sinensis and militaris extract market is moderate due to the availability of substitutes and differentiated products.
Threat of new substitutes: The threat of new substitutes in the cordyceps sinensis and militaris extract market is moderate as other mushroom extracts can be used for similar applications.
Competitive rivalry: The competitive rivalry in the cordyceps sinensis and militaris extract market is high due to the presence of numerous manufacturers.
Key Takeaways
The global cordyceps sinensis and militaris extract market is expected to witness high growth.
Regional analysis comprises Asia Pacific is expected to dominate the global market during the forecast period owing to significant consumption and production of cordyceps sinensis in China, Japan, and South Korea.
Key players operating in the cordyceps sinensis and militaris extract market are Lubriz, Green Camp, Angel’s Envy, Ormus Biotech, Source Naturals, REAL Mushrooms, and Swanson Health Products. Cordyceps sinensis and militaris extracts have wide applications in nutraceuticals, dietary supplements, functional foods and beverages.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it