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The Cordyceps sinensis and militaris extract market comprises herbal extracts derived from two parasitic fungi that grow on moth caterpillars. Cordyceps sinensis, also known as Chinese caterpillar fungus, is found primarily in Tibetan Plateau regions and has been a part of traditional Chinese medicine for centuries. It is believed to improve lung and kidney function, boost energy levels, and enhance sexual performance. Cordyceps militaris is native to East Asia and shares similar purported health benefits as Cordyceps sinensis. The demand for these herbal extracts is increasing globally due to their wide application in functional foods, dietary supplements, and herbal tonics.
Cordyceps extract products provide important nutritional elements like amino acids, polysaccharides, sterols, and adenosine. They support immune function, reduce inflammation, enhance physical stamina, and show anti-aging properties. Many supplements containing cordyceps extracts are marketed to boost sports performance, energy, and endurance. It is also finding usage in certain herbal remedies for conditions like chronic fatigue syndrome. 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 growing demand for herbal supplements and functional foods is a major driver for the cordyceps extracts market. Many consumers are looking for natural products to boost immunity, health, and fitness without side effects of synthetic ingredients. This is propelling research into traditional medicinal mushrooms and fungi for novel applications.
The market is witnessing strong global expansion with increasing cultivation of cordyceps species and wider accessibility of extracts. Many companies are investing in large-scale cultivation to meet the rising international demand and ensure sustainable supply of the fungi. New formulation technologies are also extending the applications of cordyceps extracts.
Market Key Trends
One of the key trends observed in the cordyceps sinensis and militaris extract market is the development of mycelium-grown varieties supplementing wild-harvested fungal sources. Mycelium cultivation in controlled conditions allows for more standardized and environment-friendly production of active compounds compared to harvesting from the wild. Manufacturers are extracting and standardizing active metabolites from lab-grown mycelium to develop new commercial extract variants. This helps secure stable supply and brings down costs to support the market’s future growth trajectory.”
Porter’s Analysis
Threat of new entrants: Low barrier to entry but difficult to source high quality raw materials. Requirements for specialized knowledge to cultivate and process. Bargaining power of buyers: Large customer base for health supplements limits individual buyer power. Bargaining power of suppliers: Few suppliers from Xinjiang, Tibet and Inner Mongolia regions gives them strong influence over pricing. Threat of new substitutes: Emergence of alternatives like reishi and shiitake extracts. Competitive rivalry: Intense competition amongst major players in extraction technology and processing.
Geographical Regions
China is the largest market for cordyceps sinensis and militaris extract in terms of value due to over 80% of global wild cordyceps production. The provinces of Tibet, Qinghai, Sichuan and Yunnan supply the majority of raw materials.
Southeast Asia is the fastest growing geographical region driven by increasing use of functional foods and herbal supplements in Vietnam, Thailand and Malaysia. Export demand from Japan and South Korea also supports market expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
