Global 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), is estimated to be valued at US$ 1,072.5 million in 2022, and is expected to exhibit a CAGR of 10.9% during the forecast period (2022-2030).
Increasing number of product launches are expected to drive growth of the global Cordyceps Sinensis And Militaris Extract market over the forecast period. For instance, in June 2021, NeonMind Biosciences Inc., a preclinical research company, announced the launch of its functional mushroom coffee under the NeonMind brand as dietary supplements in the U.S. Functional mushrooms contained in NeonMind coffees such as cordyceps, lion's mane, reishi, and turkey tail, provide long-term physical, neurological, and immunological advantages.
Moreover, rising acquisitions are expected to propel growth of the global Cordyceps Sinensis And Militaris Extract market during the forecast period. For instance, in December 2021, Core One Labs Inc., a research and development company, announced that it had completed the acquisition of New Path Laboratories Inc., a company dedicated to the development and licensing of natural health products and dietary supplements. New Path Laboratories, Inc.’s product ‘Forest Garden’ produces an immune boosting capsule line made from chaga, cordyceps, reishi, maitake and lion’s mane mushrooms.
Global Cordyceps Sinensis And Militaris Extract Market- Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 pandemic has affected several markets across the globe. The COVID-19 pandemic has affected demand and supply of healthcare products in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and due to its financial impact on firms and financial markets. However, Coronavirus (COVID-19) pandemic is expected to positively impact growth of the global Cordyceps Sinensis And Militaris Extract market during the forecast period. For instance, according to an article published in journal of Biomolecular Structure and Dynamics, in November 2020, cordycepin has a greater capacity to prevent coronavirus entry and reproduction inside the host body. The study was supported by the remarkable clinical health benefits of cordycepin, which include protective effects on the hepatic, renal, cardiovascular, respiratory, neurological, and immunological systems in addition to possessing anti-cancer, anti-oxidant, anti-inflammatory, and anti-microbial properties. These tissues are most commonly impacted by COVID-19 during the later phase of infection.
Browse 39 Market Data Tables and 31 Figures spread through 165 Pages and in-depth TOC on Global 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)
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Key Takeaways of the Global Cordyceps Sinensis And Militaris Extract Market:
- Global Cordyceps Sinensis And Militaris Extract market is expected to exhibit a CAGR of 10.9% over the forecast period (2022-2030). North America is expected to account for major market share over the forecast period (2022-2030 owing to increase in product launches by market players. For instance, Canada is expected to significantly contribute to the North America market growth, owing to the presence of manufacturers engaged in the production of Cordyceps Sinensis And Militaris Extract extracts. For instance, a Canada-based firm, Canada RNA, offers CORD IMMUNE (Cordyceps Sinensis). Cord-Immune contains pure extracts from Super CS-4 strain of cordyceps sinensis. Cordyceps extract is used to treat coughs, chronic bronchitis, respiratory disorders, kidney disorders, nighttime urination, male sexual problems, anemia, irregular heartbeat, high cholesterol, liver disorders, dizziness, weakness, ringing in the ears, unwanted weight loss, and opium addiction.
- Some of the major players operating in the global Cordyceps Sinensis And Militaris Extract market include Lubrizol Corporation, Naturalin bio-resources co. Ltd., NU SKIN ENTERPRISES INC., Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co. Ltd., Xi'an Saina Biological Technology Co. Ltd. (Herbsino), Dalong Biotechnology Co. Ltd., Health Choice Limited, Nutra Green Biotechnology Co. Ltd, Sunrise Nutrachem Group Ltd., Ojas Farms, Golden Vital Agro Herbal Private Limited, MycoForest.
