July 16, 2024

Cordyceps Sinensis and Militaris Extract Market Trends: Harnessing Natural Remedies

Cordyceps Sinensis And Militaris Extract Market

Cordyceps sinensis and militaris extract is a popular ingredient that is derived from a parasitic fungus that grows naturally on certain caterpillars. It finds widespread applications in anti-aging products, sports nutrition supplements, and functional foods & beverages owing to its therapeutic properties. The extract contains various polysaccharides, nucleosides, and other bioactive components that have antioxidant, anti-inflammatory, and immunomodulatory effects. It helps reduce signs of aging, boosts energy levels, and enhances athletic performance. The growing elderly population and rising health-consciousness have been driving its demand in the cosmeceuticals and nutraceuticals industries.

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 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 opportunities in the market include rising demand in emerging economies of Asia Pacific and Latin America. Additionally, increasing adoption of functional ingredients in food and beverage formulations also presents lucrative prospects. Global expansion of the market will be further fueled by growing online sales of supplements containing cordyceps extracts.

Market drivers

Increasing demand in anti-aging products is one of the major drivers propelling the growth of Cordyceps Sinensis And Militaris Extract Market. The antioxidative properties of cordyceps help reduce signs of aging by protecting skin cells from damage. Additionally, the functional benefits offered such as improved energy levels are also driving its incorporation in sports nutrition supplements.

PEST Analysis
Political: Regulations regarding the usage of natural ingredients in supplements and foods may impact the growth of the cordyceps extract market. Government policies on import and export of cordyceps extracts between countries will influence trade.

Economic: Macroad economic factors such as GDP growth, disposable income levels, and consumer spending capabilities determine the demand in end use industries such as dietary supplements, functional foods, etc. Fluctuations in currency exchange rates affect international trade.

Social: Increasing health consciousness, growing adoption of herbal medicines, and preference for natural ingredients drive the consumption of cordyceps extracts in dietary supplements. Changing lifestyles and busy schedules boost the demand for functional foods and beverages.

Technological: Advanced extraction techniques help improve yield and standardization of cordyceps extracts. Investments in R&D aid the development of high-quality and novel product formulations with enhanced bioactive properties.

The market in terms of value is currently concentrated in North America and Asia Pacific regions. North America accounts for the largest share owing to rising health supplement usage and presence of major players. Asia Pacific is fast emerging as a key geography led by burgeoning demand in China, Japan, and South Korea. The Chinese market holds significant potential due to indigenous consumption of traditional medicines containing cordyceps.

The cordyceps extract market is witnessing rapid growth in the Latin American region. Rising health awareness, improving economic conditions, and expanding urbanization are fueling the demand for dietary supplements. Countries such as Brazil, Mexico, and Argentina are major contributors to the Latin American market growth. Changing dietary patterns and increasing preference for herbal medicines also support the adoption of cordyceps extracts.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it