Cordyceps sinensis and militaris extract are natural medicinal mushrooms that are widely used in the healthcare and nutraceutical industry due to their antioxidant, anti-inflammatory and immuno-enhancing properties.The extracts are rich in polysaccharides, sterols, peptides and nucleosides that help boost energy levels, supports heart health, kidney functions and sexual functions. The rising consumer awareness about the health benefits associated with the extracts along with organic and natural ingredients demand is leading to higher adoption of cordyceps products in dietary supplements, functional food and beverages.

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. The growth can be attributed to increasing application of cordyceps extracts as a traditional medicine in countries like China, Korea and Japan. Moreover, rapid urbanization, changing lifestyle and rising health consciousness have boosted the demand for immune-boosting supplements globally which is further propelling the market.

Key Takeaways

Key players operating in the cordyceps sinensis and militaris extract market includes 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 key players are focusing on new product launches, partnerships and acquisitions to expand their global footprint and product portfolio.

The global cordyceps sinensis and militaris extract market provides numerous growth opportunities for players in the healthcare, food and beverage and dietary supplements industry. Rising demand for clean label, organic and naturally derived ingredients presents significant market potential. Additionally, growing research on clinical applications of cordyceps extracts for conditions like cancer, diabetes, kidney diseases and sexual dysfunction will further support the market expansion.

With increasing globalization of trade, players are focusing on expanding their operations across various geographic regions including North America, Europe, Asia Pacific and Latin America. The growing Middle East and African cordyceps market also offers lucrative expansion opportunities for key players over the forecast period.

Market Drivers

Increasing application of cordyceps extracts as performance enhancing and immunity boosting nutraceutical ingredient is a major factor driving the global market growth. Continuous launch of innovative cordyceps infused sports nutrition products, dietary supplements and functional foods & beverages have further fueled the product demand. Growing consumer awareness regarding health benefits associated with cordyceps is positively influencing the purchase decisions. Another major driver is rising application of cordyceps sinensis extract as a traditional Chinese medicine for conditions like asthma, chronic bronchitis, kidney disease and sexual dysfunction.

Market Restraints

High production and pricing associated with natural cordyceps extracts acts as a major market restraint. Since cordyceps mushrooms are grown at high altitude regions which requires specialized farming techniques. Additionally, the fungus only grows on caterpillar host which increases the overall costs. Cultivated variants of cordyceps are available at lower costs however their perceived health benefits are limited as compared to natural products which hinders the market potential. Regulatory issues pertaining to usage of cordyceps extracts in food and drugs category further challenges market growth.

Segment Analysis
The Cordyceps Sinensis And Militaris Extract market is segmented by product type, application, and distribution channel. By product type, the dried segment holds the largest market share as it is widely used in various medical formulations. The dried segment is dominating as it has a longer shelf life and is easier to transport compared to fresh or powdered extracts.

By application, the pharmaceutical segment holds the dominant market share due to increasing awareness about health benefits of cordyceps. Some key health benefits are increased energy, enhanced physical performance, boosted immune function, etc. This is driving the growth of cordyceps extract in various pharmaceutical formulations.

Global Analysis
Regionally, Asia Pacific is the fastest growing as well as the dominating regional market for cordyceps extracts. Many Asian countries like China, Japan, and South Korea have been using cordyceps in traditional medicine for centuries. China dominates the regional market due to large-scale production and export of cordyceps from Tibet. North America and Europe are other major markets due to increasing consumer awareness about benefits of traditional medicines. Growth in these regions is driven by high per capita income as well as penetration of Asian herbal products in Western markets.