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 expansion seen in the historical period can be attributed to heightened health awareness among consumers, continuous research and development efforts, a rising demand for natural health products, overall economic growth, and supportive regulatory measures aiding the health products industry.
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%. Anticipated growth in the upcoming period is expected due to the aging population, evolving consumer preferences, the expansion of distribution channels, government initiatives, and effective marketing strategies and branding. Key trends projected for this period encompass innovations in nutraceuticals, a focus on personalized wellness solutions, integration into functional foods, the adoption of sustainable packaging practices, and the rise of customized supplements within the health products industry.
The Cordyceps sinensis market is poised for growth due to the rising emphasis on health and fitness. Health and fitness encompass a holistic state of well-being involving physical, mental, and social facets. Cordyceps sinensis is recognized for aiding the body in managing stress and maintaining equilibrium, potentially contributing to overall resilience and well-being. For instance, a Nutrisystem survey report in January 2022, encompassing 2,000 participants, revealed that 53% of respondents aimed to lose weight in 2022, with an average goal of shedding 14 pounds. This surge in health and fitness awareness is a driving force behind the increasing demand for Cordyceps sinensis in the market.
The Cordyceps sinensis market is poised for growth due to the escalation of lifestyle diseases, also known as non-communicable diseases (NCDs). These ailments are primarily linked to long-standing lifestyle patterns and individual choices. Cordyceps has shown potential benefits in reducing cholesterol levels, offering relief to individuals dealing with lifestyle disorders, particularly those concerning cardiovascular health. For instance, an August 2022 report from the American College of Cardiology, a US-based non-profit medical association, projected a substantial increase in four cardiovascular risk factors in the United States between 2025 and 2060. This includes a significant rise in diabetes, dyslipidemia, hypertension, and obesity, impacting millions of individuals. Moreover, researchers highlighted substantial projected increases in rates of cardiovascular diseases such as stroke, heart failure, ischemic heart disease, and heart attacks. Consequently, the surge in lifestyle diseases is a key driver behind the expanding demand for Cordyceps sinensis within the market.
Major players in the Cordyceps sinensis market are innovating by introducing new products, such as mushroom extract serums, to cater to broader customer bases, drive sales, and boost revenue. These serums are skincare formulations infused with extracts sourced from mushrooms. For instance, in January 2023, Shroom Skincare, a US-based skincare company, unveiled the Mycelium Glow Brightening Serum, incorporating cordyceps sinensis mushroom extract. This serum stands out for its combination of mushroom extracts and vitamin C, synergistically enhancing skin radiance, promoting an even complexion, and imparting a healthy glow. With a focus on environmental sustainability, this oil serum not only rejuvenates and moisturizes the skin but also leverages the antioxidant properties of Maitake, Chaga, Reishi, and Cordyceps Sinensis mushroom extracts, in conjunction with Vitamin C. This unique blend offers a holistic skincare solution, shielding against environmental damage, reducing inflammation, reinforcing the skin's natural defenses, and addressing various signs of aging, notably uneven skin tone.
Major companies in the Cordyceps sinensis market are innovating by introducing novel products such as cordyceps tea to cater to larger customer bases, drive sales, and enhance revenue. Cordyceps tea, derived from infusing Cordyceps sinensis - a parasitic fungus - in hot water, serves as a beverage. For example, in March 2023, Bridge Goodness Pvt Ltd., an India-based food and beverage manufacturing company, unveiled three new teas - Cordyceps (Caterpillar) Tea, Hippy Happy (Sea Buckthorn) Tea, and Gut Goodness (Matsutake Mushroom) Tea - under its fresh brand, FromBhutan. These teas stand out due to their premium selections meticulously sourced from the exquisite Bhutanese mountain terrains. Hand-picked and skillfully crafted, these teas promise an unparalleled flavor journey. FromBhutan's expert tea blenders have curated a unique blend, ensuring an unforgettable taste experience with a fragrant bouquet and subtle flavors, accompanied by abundant health benefits. Whether sipped hot or cold, savored alone or shared, these teas aim to leave consumers feeling refreshed and rejuvenated, elevating their overall tea-drinking pleasure.
In July 2021, the University of Chulalongkorn, situated in Thailand, initiated a collaboration with the Thailand National Nanotechnology Center to explore the application of biorobots for delivering cordyceps sinensis extract in cancer treatment, aiming to mitigate side effects. This innovative delivery system, supported by bio-robots, facilitates the precise transportation of cordycepin to specific cancer cells. The National Nanotechnology Center, a prominent national research facility in Thailand, is actively involved in this collaborative effort.
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.
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. The countries covered in the cordyceps sinensis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cordyceps sinensis products primarily comprise dried and wet variations. Dried cordyceps sinensis undergoes harvesting, cleaning, and subsequent drying, achieved through either natural or artificial means. Cultivation methods encompass both natural and artificial models, tailored for applications in treatment and healthcare.
The cordyceps sinensis market research report is one of a series of new reports that provides cordyceps sinensis market statistics, cordyceps sinensis industry global market size, regional shares, competitors with an cordyceps sinensis market share, detailed cordyceps sinensis market segments, market trends and opportunities, and any further data you may need to thrive in the cordyceps sinensis industry. This cordyceps sinensis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cordyceps sinensis market consists of sales of primary, secondary, and tertiary cordyceps sinensis. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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%. Anticipated growth in the upcoming period is expected due to the aging population, evolving consumer preferences, the expansion of distribution channels, government initiatives, and effective marketing strategies and branding. Key trends projected for this period encompass innovations in nutraceuticals, a focus on personalized wellness solutions, integration into functional foods, the adoption of sustainable packaging practices, and the rise of customized supplements within the health products industry.
The Cordyceps sinensis market is poised for growth due to the rising emphasis on health and fitness. Health and fitness encompass a holistic state of well-being involving physical, mental, and social facets. Cordyceps sinensis is recognized for aiding the body in managing stress and maintaining equilibrium, potentially contributing to overall resilience and well-being. For instance, a Nutrisystem survey report in January 2022, encompassing 2,000 participants, revealed that 53% of respondents aimed to lose weight in 2022, with an average goal of shedding 14 pounds. This surge in health and fitness awareness is a driving force behind the increasing demand for Cordyceps sinensis in the market.
The Cordyceps sinensis market is poised for growth due to the escalation of lifestyle diseases, also known as non-communicable diseases (NCDs). These ailments are primarily linked to long-standing lifestyle patterns and individual choices. Cordyceps has shown potential benefits in reducing cholesterol levels, offering relief to individuals dealing with lifestyle disorders, particularly those concerning cardiovascular health. For instance, an August 2022 report from the American College of Cardiology, a US-based non-profit medical association, projected a substantial increase in four cardiovascular risk factors in the United States between 2025 and 2060. This includes a significant rise in diabetes, dyslipidemia, hypertension, and obesity, impacting millions of individuals. Moreover, researchers highlighted substantial projected increases in rates of cardiovascular diseases such as stroke, heart failure, ischemic heart disease, and heart attacks. Consequently, the surge in lifestyle diseases is a key driver behind the expanding demand for Cordyceps sinensis within the market.
Major players in the Cordyceps sinensis market are innovating by introducing new products, such as mushroom extract serums, to cater to broader customer bases, drive sales, and boost revenue. These serums are skincare formulations infused with extracts sourced from mushrooms. For instance, in January 2023, Shroom Skincare, a US-based skincare company, unveiled the Mycelium Glow Brightening Serum, incorporating cordyceps sinensis mushroom extract. This serum stands out for its combination of mushroom extracts and vitamin C, synergistically enhancing skin radiance, promoting an even complexion, and imparting a healthy glow. With a focus on environmental sustainability, this oil serum not only rejuvenates and moisturizes the skin but also leverages the antioxidant properties of Maitake, Chaga, Reishi, and Cordyceps Sinensis mushroom extracts, in conjunction with Vitamin C. This unique blend offers a holistic skincare solution, shielding against environmental damage, reducing inflammation, reinforcing the skin's natural defenses, and addressing various signs of aging, notably uneven skin tone.
Major companies in the Cordyceps sinensis market are innovating by introducing novel products such as cordyceps tea to cater to larger customer bases, drive sales, and enhance revenue. Cordyceps tea, derived from infusing Cordyceps sinensis - a parasitic fungus - in hot water, serves as a beverage. For example, in March 2023, Bridge Goodness Pvt Ltd., an India-based food and beverage manufacturing company, unveiled three new teas - Cordyceps (Caterpillar) Tea, Hippy Happy (Sea Buckthorn) Tea, and Gut Goodness (Matsutake Mushroom) Tea - under its fresh brand, FromBhutan. These teas stand out due to their premium selections meticulously sourced from the exquisite Bhutanese mountain terrains. Hand-picked and skillfully crafted, these teas promise an unparalleled flavor journey. FromBhutan's expert tea blenders have curated a unique blend, ensuring an unforgettable taste experience with a fragrant bouquet and subtle flavors, accompanied by abundant health benefits. Whether sipped hot or cold, savored alone or shared, these teas aim to leave consumers feeling refreshed and rejuvenated, elevating their overall tea-drinking pleasure.
In July 2021, the University of Chulalongkorn, situated in Thailand, initiated a collaboration with the Thailand National Nanotechnology Center to explore the application of biorobots for delivering cordyceps sinensis extract in cancer treatment, aiming to mitigate side effects. This innovative delivery system, supported by bio-robots, facilitates the precise transportation of cordycepin to specific cancer cells. The National Nanotechnology Center, a prominent national research facility in Thailand, is actively involved in this collaborative effort.
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.
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. The countries covered in the cordyceps sinensis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cordyceps sinensis products primarily comprise dried and wet variations. Dried cordyceps sinensis undergoes harvesting, cleaning, and subsequent drying, achieved through either natural or artificial means. Cultivation methods encompass both natural and artificial models, tailored for applications in treatment and healthcare.
The cordyceps sinensis market research report is one of a series of new reports that provides cordyceps sinensis market statistics, cordyceps sinensis industry global market size, regional shares, competitors with an cordyceps sinensis market share, detailed cordyceps sinensis market segments, market trends and opportunities, and any further data you may need to thrive in the cordyceps sinensis industry. This cordyceps sinensis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cordyceps sinensis market consists of sales of primary, secondary, and tertiary cordyceps sinensis. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cordyceps Sinensis Market Characteristics3. Cordyceps Sinensis Market Trends and Strategies32. Global Cordyceps Sinensis Market Competitive Benchmarking33. Global Cordyceps Sinensis Market Competitive Dashboard34. Key Mergers and Acquisitions in the Cordyceps Sinensis Market
4. Cordyceps Sinensis Market - Macro Economic Scenario
5. Global Cordyceps Sinensis Market Size and Growth
6. Cordyceps Sinensis Market Segmentation
7. Cordyceps Sinensis Market Regional and Country Analysis
8. Asia-Pacific Cordyceps Sinensis Market
9. China Cordyceps Sinensis Market
10. India Cordyceps Sinensis Market
11. Japan Cordyceps Sinensis Market
12. Australia Cordyceps Sinensis Market
13. Indonesia Cordyceps Sinensis Market
14. South Korea Cordyceps Sinensis Market
15. Western Europe Cordyceps Sinensis Market
16. UK Cordyceps Sinensis Market
17. Germany Cordyceps Sinensis Market
18. France Cordyceps Sinensis Market
19. Italy Cordyceps Sinensis Market
20. Spain Cordyceps Sinensis Market
21. Eastern Europe Cordyceps Sinensis Market
22. Russia Cordyceps Sinensis Market
23. North America Cordyceps Sinensis Market
24. USA Cordyceps Sinensis Market
25. Canada Cordyceps Sinensis Market
26. South America Cordyceps Sinensis Market
27. Brazil Cordyceps Sinensis Market
28. Middle East Cordyceps Sinensis Market
29. Africa Cordyceps Sinensis Market
30. Cordyceps Sinensis Market Competitive Landscape and Company Profiles
31. Cordyceps Sinensis Market Other Major and Innovative Companies
35. Cordyceps Sinensis Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Cordyceps Sinensis Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cordyceps sinensis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for cordyceps sinensis? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Dried; Wet
2) By Mode Of Cultivation: Natural; Artificial
3) By Application: Treatment; Healthcare
Key Companies Mentioned: Zhufengshengao; Lei Yun Shang Pharmaceutical Group Co. Ltd.; Tong Ren Tang; Nu Skin Enterprises; MycoTechnology Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.23 Billion |
| Forecasted Market Value ( USD | $ 1.8 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
