Cordyceps Sinensis And Militaris Extract Market is Trending Due to Its Increasing Application in Hea

The cordyceps sinensis and militaris extract market comprises extracts obtained from various species of cordyceps fungus, which have been used in Traditional Chinese Medicine for centuries. Cordyceps extracts contain numerous active compounds that act as antioxidants, stimulate the immune system, increase energy levels and support cardiovascular health. They are marketed as dietary supplements and used in various functional foods and herbal tonics for their nutritional and medicinal benefits.

The Global Cordyceps Sinensis And Militaris Extract Market is estimated to be valued at US$ 1462.83 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.

The demand for cordyceps extracts is growing rapidly due to increasing awareness about their medicinal properties and growing preference for functional foods and herbal nutraceuticals.

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 demand for cordyceps extracts is increasing significantly due to growing awareness about their health benefits. Numerous clinical studies have demonstrated their effectiveness in boosting energy levels, improving exercise performance, supporting cardiovascular health and enhancing sexual function. Their immune-enhancing and anti-ageing properties are also driving demand.

Major players in the cordyceps extract market are focusing on expanding their global footprint by exporting high-quality products to key international markets. Several new harvest areas are also being developed to meet the rising global demand for these medicinal mushrooms.

Market key trends

One key trend gaining traction in the Cordyceps Sinensis And Militaris Extract Market Demand is the growing demand for organic and vegan variants. Consumer preference for clean-label and sustainable products extracted through eco-friendly methods is encouraging manufacturers to offer organic, Non-GMO and vegan certified extracts. These advanced variants appeal to a wider consumer base and command a premium due to their perceived healthfulness.

Porter's Analysis

Threat of new entrants: The Cordyceps Sinensis And Militaris Extract market requires high initial investments for R&D, limiting the threat of new entrants.

Bargaining power of buyers: The presence of numerous players drives competition in the market, increasing buyer bargaining power.

Bargaining power of suppliers: The specialized nature of raw materials increases supplier bargaining power.

Threat of new substitutes: Alternative mushroom extracts pose a moderate threat of substitution.

Competitive rivalry: The market is dominated by a few major players resulting in high competitive rivalry.

Geographical regions of concentration: North America and Asia Pacific account for over 60% of the total market value due to large consumer bases and high consumer spending in countries like the United States, China, and Japan.

Fastest growing region: Asia Pacific excluding Japan is expected to be the fastest growing regional market, expanding at a CAGR of over 12% during the forecast period. Increasing health consciousness and easy availability are driving demand in the region.

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