The global cordyceps sinensis and militaris extract market size was valued at USD 1,000 million in 2021 and is projected to reach around USD 2,500 million in 2030 exhibiting a CAGR of 11% in the forecasted period. The key factors disturbing the industrial growth include the rising number of research studies on cordyceps sinensis for various health disorders, rising product launches and agreements are factors anticipated to drive market growth. However, high price of caterpillar fungus (cordyceps)is expected to be a hinder for the revenue growth of the market.
Increasing numeral of research studies on cordyceps sinensis for numerous health disorders is anticipated to boost growth of the cordyceps sinensis and militaris extract market. For example, in October 2017, Shanghai-based research team revealed the biosynthesis mechanism of cordycepins, a cancer-resisting withdrawal from caterpillar fungus. In the study, the investigators interpreted the biosynthesis of cordycepin from cordyceps militaris and also exposed the pentostatin production. These two composites coexist in fungal cells in the type of a protector and protégé. Great level of cordycepine leads to poisonous in the body. This biosynthesis of cordycepine along with pentostatins protects the constancy of cordycepin by initiating a detoxification process. They also recommended that Cordyceps militaris is a much more reasonable substitute to caterpillar fungus.
The species of Cordyceps sinensis has become very significant owing to several bioengineering and clinical submissions such as hereditary and nutritional standards. Traditional herbal medicine (TCM) contains traditional herbal medicine, seasoning ingredients, exclusive herbal medicine, herbal extracts and health products. TCM’s products are projected to be internationalized and help other nations and sections grow and export traditional Chinese herbs to fund the health industry.
Formulation Insights
Global cordyceps sinensis and militaris extract market is segmented into powder, tablets, and liquid. The market was dominated by the segment of powder. The powder segment accounted for the largest market share in 2021. The segment growth can be accredited to its availability of the medicine in the powder form that is more accepted in the market by consumers.
Region Insights
Among regions, the Asia Pacific cordyceps sinensis and militaris extract market is anticipated to account for the largest market share due to foremost manufacture of cordyceps species, specifically in China owing to favourable climate in this region. For example, in 2014, as per the survey of Huidian Research, the existing production ability of artificial cordyceps militaris are in Jiangmen and Liaoning. Out of these parts, the production output of C. militaris in Laoning area has accounted for above 70% of the total production.
Key Companies Insights
The market for cordyceps sinensis and militaris extract is moderately competitive. With the rising applications of cordyceps sinensis and militaris extract, new players are considering to enter the market. The companies are also involved in events like acquisitions, joint ventures, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the cordyceps sinensis and militaris extract market, ultimately boosting the market growth.
Some of the key companies working in the global cordyceps sinensis and militaris extract market include:
• 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)
• Other players
Some of the Recent Developments:
• In November 2021, Peaceful Harvest Mushrooms launched Cordyceps Militaris, Dried, Whole, Fruiting Bodies.
• In July 2021, researchers from Chulalongkorn University, in collaboration with the National Nanotechnology Center, stated the success of Active Targeting, a ground-breaking innovation in the medical industry using bio–robots to convey targeted cordyceps extract to halt cancer with reduced side effects.
Segments By Strain Type • Cordyceps Sinensis
• Cordyceps Militaris
By Formulation
• Tablet
• Liquid
• Powder
By Application
• Medicine
• Dietary Supplements
• Food Additives
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Objectives of the Study:
• To provide with an exhaustive analysis on the Butter Concentrate Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions