Overview and Scope
Cordyceps sinensis refers to an ascomycete fungus that contains a variety of bioactive chemicals such as Cordycepin (-3'-deoxyadenosine), Cordycepic acid (d-mannitol), and vitamins such as E, K, B1, B2, B12, carbohydrates, proteins, sterols, nucleosides, and other vital elements used to treat a variety of illnesses. The cordyceps sinensis is a fungi used to enhance energy, appetite, stamina, libido, endurance, and sleep patterns.
Sizing and Forecast
The cordyceps sinensis market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growing health awareness, research and development, increased demand for natural health products, economic growth, regulatory support.
The cordyceps sinensis market size is expected to see rapid growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to aging population, changing consumer preferences, expansion of distribution channels, government initiatives, marketing strategies and branding. Major trends in the forecast period include nutraceutical innovation, personalized wellness, integration in functional foods, sustainable packaging, customized supplements.
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Segmentation & Regional Insights
The cordyceps sinensis market covered in this report is segmented –
1) By Product: Dried, Wet
2) By Mode Of Cultivation: Natural, Artificial
3) By Application: Treatment, Healthcare
North America was the largest region in the cordyceps sinensis market in 2023. The regions covered in the cordyceps sinensis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing health and fitness awareness is expected to boost the growth of the Cordyceps sinensis market going forward. Health and fitness collectively refer to a state of overall well-being, encompassing physical, mental, and social aspects. Cordyceps sinensis aids the body in adapting to stress and maintaining balance, potentially contributing to overall well-being and resilience. For instance, in January 2022, according to a survey report published by Nutrisystem, a US-based provider of weight loss products, among 2,000 participants, 53% of respondents expressed their goal for 2022 as shedding weight, with an average target of 14 pounds of weight loss. Therefore, increasing health and fitness awareness is driving the growth of the Cordyceps sinensis market.
Key Industry Players
Major companies operating in the cordyceps sinensis market report are Zhufengshengao, Lei Yun Shang Pharmaceutical Group Co. Ltd., Tong Ren Tang, Nu Skin Enterprises, MycoTechnology Inc., Maypro Industries, Connoils LLC, Naturalin Bio-Resources Co. Ltd., Aloha Medicinals Inc., Oregon's Wild Harvest, Zircon Ventures, Host Defense Mushrooms (Fungi Perfecti), Nutra Green Biotechnology Co. Ltd., Mushroom Wisdom Inc., Perfect Supplements LLC, Dragon Herbs, NutraMedix LLC, Naturealm LLC, Real Mushrooms, Qinghai Yushu San Jiang Yuan Cordyceps Technology Co. Ltd., Trividha Pharmaceuticals Pvt. Ltd., Annavarshni Foods LLP, Green Heaven India, Grow Up Enterprises, Kshipra Biotech Private Limited, NutraGenesis LLC, HealthTech BioActives S.L.U., Pure Essence Labs lnc., RidgeCrest Herbals, Sun Potion, HealthAid Limited, Oriveda BV
The cordyceps sinensis market report table of contents includes:
1. Executive Summary
2. Cordyceps Sinensis Market Characteristics
3. Cordyceps Sinensis Market Trends And Strategies
4. Cordyceps Sinensis Market - Macro Economic Scenario
5. Global Cordyceps Sinensis Market Size and Growth
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32. Global Cordyceps Sinensis Market Competitive Benchmarking
33. Global Cordyceps Sinensis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cordyceps Sinensis Market
35. Cordyceps Sinensis Market Future Outlook and Potential Analysis
36. Appendix
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