The global cordyceps market is anticipated to grow at a higher CAGR during the forecast period. Cordyceps is an essential kind of medicinal fungus due to its characteristic habitat. It is a parasite living on larvae and pupae of insects. It has found significant use in the Chinese medicine for centuries. Cordyceps is an abundant natural resource that undergoes various biological activity and extensively used as a health supplement and tonic for patients.
Cordyceps market is driven by demand for herbal drugs and the need for natural medicinal products for various ailments. Rise in consumers’ awareness for medicines also supplements the market growth during the forecast period. Growing masculine problems for the middle-aged males throughout economies is likely to demand a robust solution during the estimated period. However, natural cordyceps an infeasible availability which is highly expensive, hence cordyceps are grown in laboratory. Cheap substitutes and low quality medicines hinders the market growth.
Cordyceps market is segmented by application into anti-tumour, antidiabetic, anti-asthma, anti-oxidative, apoptotic and anti-hepatotoxicity. Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are most likely to witness an upward traction during the forecast period due to the rising demand for cordyceps supplements for chronic health conditions. It is used as an energy enhancer to deal with respiratory issues in the developing countries.
North American and European regions are likely to witness medicinal transformation and demand for cordyceps in order to deal with stomach issues owing to change in consumer lifestyle. The key players profiled in the cordyceps market report are Anshan Huayu Biotech Co Ltd, Dalian Lanshi Cordyceps Biotech Co Ltd, Liaoning Limin Cordyceps Co Ltd, Jiangmen Honghao Bioscience Co Ltd, Henan Huazhong Biotech Co Ltd, Ningqiang Likangfuxi Biotech Co Ltd, Shenyang Juxin Cordyceps Co Ltd, Jiangxi Xiankelai Biotechnology Co Ltd, Dalong Biotechnology Co Ltd and Sunrise Nutrachem Group.
Leading players of Cordyceps including:
Market split by Type, can be divided into:
Market split by Application, can be divided into:
• Food and Beverages
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA