CORDYCEPS SINENSIS AND MILITARIS EXTRACT MARKET ANALYSIS

Market Challenges And Opportunities

Restraint- Global Cordyceps Sinensis and Militaris Extract Market

High price of caterpillar fungus (cordyceps) is expected to hamper the growth of global Cordyceps Sinensis and Militaris Extract market over forecast period. In emerging economies such as Africa and Latin America, adoption of such expensive traditional Chinese medicine is low. Wild cordyceps sinensis are not used in most of the cordyceps supplements due to its high price. According to Healthline, an American website and provider of health information 2018, harvesting cordyceps sinensis is challenging, as it costs more than US$ 9,000 per pound.

Cordyceps species has been recorded as herbal medicinal component in Chinese Pharmacopoeia. The increasing launches and expansion of herbal medicines and natural extract of cordyceps is expected to drive the market growth over forecast period. For instance, according to BMC Complementary and Alternative Medicine journal, March 2018, there has been increase in use of herbal medicine in German population. Dissatisfaction with conventional treatment, past good experiences, positive aspects associated with herbal medicine, as well as family traditions were the most commonly-mentioned reasons why herbal medicine is preferred as treatment in Germany.

Restraint- Global Cordyceps Sinensis and Militaris Extract Market

High price of caterpillar fungus (cordyceps) is expected to hamper the growth of global Cordyceps Sinensis and Militaris Extract market over forecast period. In emerging economies such as Africa and Latin America, adoption of such expensive traditional Chinese medicine is low. Wild cordyceps sinensis are not used in most of the cordyceps supplements due to its high price. According to Healthline, an American website and provider of health information 2018, harvesting cordyceps sinensis is challenging, as it costs more than US$ 9,000 per pound.

Rising demand for herbal medicinal products and food supplements is expected to drive the market growth over forecast period.

Cordyceps species has been recorded as herbal medicinal component in Chinese Pharmacopoeia. The increasing launches and expansion of herbal medicines and natural extract of cordyceps is expected to drive the market growth over forecast period. For instance, according to BMC Complementary and Alternative Medicine journal, March 2018, there has been increase in use of herbal medicine in German population. Dissatisfaction with conventional treatment, past good experiences, positive aspects associated with herbal medicine, as well as family traditions were the most commonly-mentioned reasons why herbal medicine is preferred as treatment in Germany.