The cordyceps sinensis market size has grown strongly in recent years, rising from $1.12 billion in 2023 to $1.23 billion in 2024, with a compound annual growth rate (CAGR) of 9.8%. The historical growth is attributed to increasing health awareness, research and development, higher demand for natural health products, economic growth, and regulatory support. Looking forward, the market is expected to grow to $1.8 billion by 2028, achieving a CAGR of 10.1%. This anticipated growth is driven by an aging population, changing consumer preferences, expansion of distribution channels, government initiatives, and effective marketing and branding strategies. Major trends in the forecast period include innovations in nutraceuticals, personalized wellness solutions, integration of cordyceps in functional foods, sustainable packaging approaches, and customized supplement offerings.
Major Driver In The Cordyceps Sinensis Market
The Cordyceps sinensis market is expected to experience growth driven by the increasing awareness of health and fitness. Health and fitness, encompassing physical, mental, and social well-being, have become a focal point for many individuals. Cordyceps sinensis, known for aiding the body in adapting to stress and promoting balance, aligns with the holistic approach to well-being. A survey report from Nutrisystem, published in January 2022, revealed that 53% of 2,000 participants aimed to shed weight in 2022, with an average target of 14 pounds of weight loss. This emphasizes the rising health and fitness consciousness, which serves as a catalyst for the Cordyceps sinensis market. The market sizes for 2023, 2024, and 2028 contribute to its anticipated growth.
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Cordyceps Sinensis Market Competitive Landscape
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
Cordyceps Sinensis Market Segmentation
The cordyceps sinensis market covered in this report is segmented –
1) By Product: Dried, Wet
2) By Mode Of Cultivation: Natural, Artificial
3) By Application: Treatment, Healthcare
By Geography:The regions covered in the cordyceps sinensis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the cordyceps sinensis market in 2023.
The Cordyceps Sinensis Global Market Report 2024 furnishes information about the global cordyceps sinensis market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
