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Cordyceps Sinensis and Militaris Extract Market Analysis By Strain Type (Cordyceps Sinensis, Cordyceps Militaris), By Formulation (Tablet, Liquid, Powder), By Application (Medicine, Dietary Supplements, Food Additives) & Forecast 2024-2035

  • PUBLISHED ON
  • 17/03/2023
  • NO OF PAGES
  • 278
  • CATEGORY
  • Food & Beverages
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
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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