Cordyceps Sinensis And Militaris Extract Market, by Formulation (Tablet, Liquid, Powder, Extract Powder, Whole Powder), by Application (Medicine, Dietary Supplement, Food Additives), by Strain Type (Cordyceps Sinensis, Cordyceps Militaris), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, And Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Cordyceps (also known as caterpillar fungi) is an uncommon, resilient, and highly rated fungus that has been utilized in Chinese medicine for generations. The two most popular cordyceps species are cordyceps sinensis and cordyceps militaris, which total about 680 different species. Cordyceps is useful in the treatment of conditions like anemia, irregular heartbeat, high cholesterol, liver issues, dizziness, cough, etc.
Market Dynamics
Increasing number of research studies on cordyceps sinensis for various health disorders is expected to witness significant growth in forecast period. For instance, in March 2019, researcher at the University of Nottingham's School of Pharmacy showed that the cordycepine (an active compound isolated from the caterpillar fungus Cordyceps militaris) possesses anti-inflammatory properties, which is proved to be effective in treating osteoarthritis by blocking inflammation by reducing polyadenylation.
Increasing product launches by market players are expected to drive growth of the global Cordyceps Sinensis And Militaris Extract Market over the forecast period. For instance, in February 2022, Monterey Mushrooms, a mushroom-growing company, launched a new product line that includes organic full spectrum and Mycelium Plus mushroom powders for usage as ingredients by food and supplement producers. The company's first three mushroom powders are Lion'sMane, Cordyceps, and Chaga.
Increasing number of agreements between market players is expected to drive growth of market over the forecast period. For instance, in October 2020, Nutralliance, a premium ingredient supplier, signed an exclusive sales and distribution agreement with Finland-based, KP Biotech Ltd. for its Nordic Mushrooms wholesale mushroom extract product line, which comprises Finnishgrown, organic mushrooms such as chaga, reishi, lion's mane, shiitake, and cordyceps (Cordyceps militaris).
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