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Global Cordyceps Sinensis Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cordyceps Sinensis Market, By Product Types (Dried, Wet), Applications (Treatment, Health Care) – Industry Trends and Forecast to 2031.

Cordyceps Sinensis Market

Cordyceps Sinensis Market Analysis and Size

The use of natural remedies in the healthcare industry has increased significantly. Cordyceps sinensis and the traditional herbal medicine cordyceps sinensis are one such herbal medicine and are increasingly accepted. Manufacturers of the cordyceps sinensis markets are focused on developing products for multiple end applications, including pharmaceuticals, foods, and dietary supplements. Emerging markets such as China are growing in terms of improving their healthcare infrastructure, leading to significant investments in R&D activities related to natural products in the Asia Pacific region.                                

Data Bridge Market Research analyzes that the global cordyceps sinensis market, which was USD 1,280.13 million in 2023, is expected to reach USD 2,524.23 million by 2031 and is expected to undergo a CAGR of 5.01% during the forecast period of 2024 to 2031. “Dried” dominates the product type segment of the market due to the rising demand for cordyceps sinensis. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product Types (Dried, Wet), Applications (Treatment, Health Care)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

The Lubrizol Corporation (U.S.), Naturalin Bio-Resources Co., Ltd., (China), Nutra Green Biotechnology Co., Ltd. (China), Xi’an Saina Biological Technology Co., Ltd (China), Kshipra Biotech Private Limited (India)

Market Opportunities

  • Inclusion of new companies and launches
  • Research and development

Market Definition

Cordyceps sinensis is a type of fungus that has been used in traditional herbal medicine for centuries. It increases the efficiency of the circulatory system, and these factors are expected to increase the demand for cordyceps sinensis in the healthcare industry. Hence, this use is increasing, consequently leading to market growth.

Global Cordyceps Sinensis Market Dynamics

Drivers

  • Launch of new products

The launch of new products is expected to drive the growth of the market during the forecast period. For instance, Peaceful Harvest Mushrooms, a certified organic grower in the United States, released cordyceps militaris, dried, whole, and fruiting bodies in november 2021.

  •  Increasing demand for traditional Chinese medicine

The species of cordyceps sinensis has become very important due to many bioengineering and clinical applications such as genetic and nutritional standards. Traditional herbal medicine (TCM) includes traditional herbal medicine, seasoning ingredients, unique herbal medicine, herbal extracts, and health products. TCM's products are expected to be internationalized and help other countries and regions grow and export traditional Chinese herbs to support the health industry. Cordyceps sinensis is well-studied species of all TCM products.

  • Rising prevalence of chronic diseases

Non-communicable diseases have been on the rise in the last few decades. Along with this, cardiovascular diseases, cancer, respiratory illness, and diabetes have been increasing as well. In addition, increasing demand for Chinese herbs in primary care is expected to contribute to developing the cordyceps sinensis market. The epidemic of chronic diseases such as diabetes, cardiovascular disease, respiratory disease and cancer is expected to drive the adoption of preventative medical products containing cordyceps sinensis species and accelerate the growth of the same in the coming years.

Opportunities

  • Inclusion of new companies and launches

The involvement of new players and new launches are boosting market growth. In addition, the growing demand for herbal medicines in primary care will help manufacturers of Cordyceps sinensis to focus on the market to develop products for multiple end-use products such as pharmaceuticals, foods, and dietary supplements. Currently, most manufacturers are focusing on producing Cordyceps sinensis extract powder to produce more formulations.

  • Rise in Precision Medicine Initiatives

The increasing focus on precision medicine initiatives worldwide presents a significant opportunity for cordyceps sinensis. Tailoring treatments based on individual epigenetic profiles and molecular characteristics offers substantial potential for improving patient outcomes.

Restraints/Challenges

  • High Cost of Cordyceps Sinensiss

The high price of cordyceps sinensis is a major impediment to sales growth. Wild CORdyceps is not used in most cordyceps supplements due to its high price. Acceptance of such expensive Chinese herbs is low in emerging countries such as Africa and Latin America.

  • Regulatory Challenges and Lack of Standardization

Regulatory frameworks and standards for cordyceps products vary across regions and countries. The lack of standardized regulations could lead to inconsistencies in product quality, safety, and efficacy. Establishing universally recognized standards and ensuring compliance with stringent regulations present challenges for manufacturers and suppliers.

This cordyceps sinensis market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cordyceps sinensis market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In November 2021, Peaceful Harvest Mushrooms, a certified organic grower in the United States, released whole dried fruiting bodies on Cordyceps Sinensis. Peaceful Harvest Mushrooms provide organic, small batch, medicinal mushrooms, grown and crafted on their farm in Vermont. To ensure top freshness and potency, they use mushrooms grown on their farm or sustainably harvested from the encompassing forest. Their product lineup features a variety of tinctures, powders, and whole dried fruiting bodies, including individual and blended formulas of Lion's Mane, Chaga, Cordyceps, Maitake, Turkey Tail, Shiitake, and Reishi. They use the whole mushroom and mycelium in their products

Global Cordyceps Sinensis Market Scope

The cordyceps sinensis market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Dried
  • Wet

Application

  • Treatment
  • Healthcare

Global Cordyceps Sinensis Market Regional Analysis/Insights

The cordyceps sinensis market is analyzed and market size insights and trends are provided by country, product type, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia- Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and rest of Middle East & Africa.

North America is expected to dominate the due of the increase in the expenditure for research and development proficiencies, increasing government’s initiatives and improved health care infrastructure in various countries.

Asia-Pacific is expected to exhibit the highest growth rate in the market during the forecast period of 2024 to 2031 due to the increasing government expenditure on healthcare sector and rising technological advancements and initiatives by the government.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The cordyceps sinensis market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cordyceps sinensis market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cordyceps sinensis market. The data is available for historic period 2016-2021.

Competitive Landscape and Global Cordyceps Sinensis Market Share Analysis

The cordyceps sinensis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cordyceps sinensis market.

Some of the major players operating in the cordyceps sinensis market are:

  • The Lubrizol Corporation (U.S.)
  • Naturalin Bio-Resources Co., Ltd., (China)
  • Nutra Green Biotechnology Co., Ltd. (China)
  • Xi’an Saina Biological Technology Co., Ltd (China)
  • Kshipra Biotech Private Limited (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Cordyceps Sinensis Market size will be worth USD 2,524.23 million by 2031 during the forecast period.
The Cordyceps Sinensis Market growth rate is 5.01% during the forecast period.
The Increasing demand for traditional Chinese medicine, Launch of new products and Rising prevalence of chronic diseases are the growth drivers of the Cordyceps Sinensis Market.
The product type and application are the factors on which the Cordyceps Sinensis Market research is based.
The major companies in the Cordyceps Sinensis Market are Lubrizol Corporation (U.S.), Naturalin Bio-Resources Co., Ltd., (China), Nutra Green Biotechnology Co., Ltd. (China), Xi’an Saina Biological Technology Co., Ltd (China), Kshipra Biotech Private Limited (India)
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