Cordyceps Sinensis And Militaris Extract Market is Estimated to Witness High Growth

Cordyceps sinensis and militaris extracts are known for their immune-boosting and anti-fatigue properties. The extracts are derived from two parasitic fungi species that attack insects and mummify their hosts for nourishment. The extracts contain various essential vitamins, minerals, and other bioactive compounds that provide antioxidant, anti-inflammatory, anti-aging, and improved cardiovascular health benefits. The extracts are widely used in dietary supplements for increasing energy levels, physical performance, and other health conditions.

The global Cordyceps Sinensis And Militaris Extract Market is estimated to be valued at US$ 1,072.5 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Increasing health benefits is one of the key opportunities driving the growth of the cordyceps sinensis and militaris extract market. Various studies have demonstrated anti-aging properties of cordyceps extracts, which is attributed to increased levels of antioxidants that fight signs of early aging. The extracts also protect cells from free radical damage, reduce inflammation, and stimulate collagen production. With rising geriatric population worldwide experiencing age-related health issues, the demand for anti-aging supplements containing cordyceps extracts is growing significantly. The ability of cordyceps extracts to reduce inflammation and potentially treat various age-related diseases is expected to boost its demand among the growing elderly population over the forecast period.

Porter’s Analysis
Threat of new entrants: The threat of new entrants into the Cordyceps Sinensis And Militaris Extract Market is moderate as it requires established supply chains, production facilities, and distribution networks. However, the market is growing at a rapid pace with huge opportunities. Bargaining power of buyers: The bargaining power of buyers is high in this market as there are many suppliers offering similar extracts at competitive prices. Buyers can negotiate on price and demand quality certifications. Bargaining power of suppliers: The bargaining power of suppliers is moderate to high as raw materials are sourced from limited regions with fluctuating harvests each year. Switching costs are low for suppliers. Threat of new substitutes: The threat of new substitutes is moderate as there are alternative mushroom extracts available but none match the nutritional profile and demand for Cordyceps Sinensis. Competitive rivalry: Competition in the market is high and expected to intensify further as players focus on expanding capacities and innovative product offerings.

SWOT Analysis
Strengths: High antioxidant and nutrient content, renowned medicinal properties to boost immunity and physical performance. Growing popularity and demand globally. Weaknesses: Fluctuating raw material supply, premium pricing, regulatory challenges. Opportunities: Untapped regional markets, new product development, expanding applications in nutraceuticals, cosmeceuticals industries. Threats: Stringent quality and safety standards, substitute ingredients, impact of trade wars and economic downturns.

Key Takeaways
The global Cordyceps Sinensis And Militaris Extract Market is expected to witness high growth over the forecast period driven by expanding applications in dietary supplements, functional foods and beverages globally.

The Asia Pacific region currently dominates the market with a majority share owing to higher production and consumption of Cordyceps extracts especially in China, Korea and Japan.

Key players operating in the Cordyceps Sinensis And Militaris Extract Market are Lubriz