The size of the worldwide market for cordyceps sinensis and militaris extract was estimated at USD 1,000 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11% to reach over USD 2,500 million in 2030. Both cordyceps militaris and sinensis have a wide range of therapeutic and medical uses for treating different conditions. Numerous scientists are investigating the potential medical benefits of cordyceps in the management of chronic illnesses including arthritis and cancer. This gives market participants the chance to make pharmaceuticals utilizing these traditional Chinese remedies.
For example, in March 2019, cordycepine’s anti-inflammatory characteristics were demonstrated by researchers at the University of Nottingham’s School of Pharmacy. This discovery demonstrated that cordycepine can effectively cure osteoarthritis by lowering polyadenylation and preventing inflammation.
Cordyceps sinensis has gained prominence as a result of various bioengineering and clinical submissions, including genetic and nutritional criteria. Traditional herbal medicine (TCM) encompasses traditional herbal medicine, seasoning components, proprietary herbal medication, herbal extracts, and health goods. TCM’s goods are expected to be internationalized, assisting other nations and regions in growing and exporting traditional Chinese herbs to support the health business.
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Regional Scope
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Key Players
- Dalong Biotechnology Co., Ltd
- Health Choice Limited
- Nutrastar International Inc.
- Nutra Green Biotechnology Co., Ltd.
- Naturalin Bio-resources Co., Ltd.
- Quyuan Sunnycare Inc.
- Shanghai Kangzhou Fungi Extract Co., Ltd.
- The Lubrizol Corporation
- Xi’an Saina Biological Technology Co., Ltd. (Herbsino)
Regional Insights
Due to the leading production of cordyceps species, particularly in China because of the region’s favorable environment, the Asia Pacific cordyceps sinensis and militaris extract market is predicted to have the greatest market share among all regions. For instance, Jiangmen and Liaoning now have the capacity to produce artificial cordyceps militaris, according to a 2014 assessment by Huidian Research. More than 70% of the overall production in these regions has come from C. militaris in the Laoning area.
Scope of the Report
This study provides history, present, and future information and estimates for the Cordyceps Sinensis and Militaris Extract Market. The report’s market estimations are based on a comprehensive research approach. The research process used includes many channels of research, such as primary research, secondary research, and subject-related expert opinion. The market estimations are produced using the current market dynamics as well as many economic, social, and political aspects affecting the Seasonal Affective Disorder Market. The market data is also defined by numerous legislation, government investments, and increased R&D. The market projections take into account both positive and negative developments in the market.
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