Cordyceps Sinensis and Militaris Extract Market, by Formulation (Tablet/Capsule, Liquid, Powder), by Application (Medicine, Dietary Supplements, Food Additives), by Strain Type (Cordyceps Sinensis and Cordyceps Militaris) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Apr 2019 |
  • Pages : 167 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Cordyceps Sinensis and Militaris Extract Market Insights

Cordyceps Sinensis and C. militaris is a combination of parasitic fungus species and dead caterpillars that offer several potential health applications. It has been used in Traditional Chinese medicine, and Tibetan medicine as a remedy for around 21 ailments such as low immunity, high blood pressure etc. Cordyceps spores grow inside the caterpillar’s body and infect it, thus slowly degrading the living larva and mummify it in the soil. A cordyceps stem eventually emerges from head part of the caterpillar.

Major active ingredients in cordyceps sinensis extract include cordycepin, adenosine, exopolysaccharide fraction (EPSF), cordyglucans, and monosaccharide saponin. Scientific studies and clinical trials have found that cordyceps sinensis extract can aid treatment of diabetes, high cholesterol, and hypertension. Furthermore, it boosts immunity and acts as a stress reliever in stress related disorders.

The global cordyceps sinensis and militaris extract market size was valued at US$ 473.4 million in 2018, and is expected to witness a CAGR of 10.4% during the forecast period (2018 – 2026).

Figure 1. Global Cordyceps Sinensis and Militaris Extract Market value Analysis (US$ Mn) and Forecast and Absolute $ Opportunity

Source: Coherent Market Insights Analysis (2019)

Increasing emergence of traditional Chinese medicine in medicinal community is expected to drive growth of the cordyceps sinensis and militaris extract market

Traditional Chinese medicine (TCM) Cordyceps sinensis and C. Militaris are the potential bio-metabolites for herbal medicines. This cordyceps category has shown considerable significance in several clinical and biotechnological applications such as genetic and nutritional requirements.

TCM comprises traditional Chinese medicinal materials, decoction pieces, Chinese patented medicines, herbal extracts, and healthcare products. Internationalization of TCM products is expected to help other countries and regions to develop and produce traditional Chinese medicines in order to serve the healthcare industry. Among all the TCM products, Cordyceps sinensis is the most explored species, followed by C. millitaris.

For instance, as per the National Center for Biotechnology Information report, in 2016, the total import and export value of TCM was accounted for US$ 4.6 Bn, which represented 4.45% of the total value of import and export of Chinese pharmaceutical products. However, the value of export declined by 9.13%, from US$ 3.77 Bn in 2015 to US$ 3.426 Bn in 2016, while the import value increased by 14.50%, from US$ 1.025 Bn in 2015 to US$ 1.174 Bn in 2016.

High cost of cordyceps sinensis is a major factor that hinders the market growth. In emerging economies such as Africa and Latin America, adoption of such expensive traditional Chinese medicine is low.

Wild cordyceps sinensis is not used in most of the cordyceps supplements due to its high price. In 2016, according to BBC estimation, the cost of wild cordyceps sinensis was over US$ 20,000 per kilogram.

Cordyceps Sinensis and Militaris Extract Market- Regional Analysis

Regional segmentation of the global Cordyceps Sinensis and Militaris Extract Market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Manufacturers in North America region are importing cordyceps sinensis extract to produce different types of medical formulations such as tablets and capsules. For instance, in August 2018, HANAH Life, the developer of Ayurvedic super food HANAH ONE, launched its Cordyceps+ in the North America market. Cordyceps+ is a combination of wild Bhutanese Cordyceps sinensis, with eight other herbs and minerals. The price of HANAH Cordyceps+ is US$168 for 30 capsules in the U.S. Furthermore, increasing number of patients with mental disorders is expected to significantly expand adoption of cordyceps sinensis extracts as it has immense benefits in lowering symptoms related to mental disorders such as depression, anxeity.

Asia Pacific is expected to exhibit significant growth in the cordyceps sinensis and militaris extract extract market, owing to increasing production of cordyceps sinensis and militaris extract in this region. Cordyceps species including C. sinensis and C. militaris are mainly found at province with high altitude high altitude such as Tibet, and Chinese provinces of Sichuan, Yunnan, Qinghai and Gansu which is contributing to growth of this market in this region. For instance, according to data presented by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China in 2011, China has 200,000 kg of Cordyceps, out of which 120,000 kg was harvested.

Figure 2: Global Cordyceps Sinensis and Militaris Extract Market Value (US$ Mn), By Region

Source: Coherent Market Insights Analysis (2019)

Cordyceps Sinensis and Militaris Extract Market - Competitive Landscape

Key players operating in the cordyceps sinensis and militaris extract market include Naturalin bio-resources co., Ltd, The Lubrizol Corporation, Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co., Ltd., Xi'an Saina Biological Technology Co., Ltd. (Herbsino), Dalong Biotechnology Co., Ltd, Health Choice Limited, Nutrastar International Inc., Nutra Green Biotechnology Co., Ltd.

In the recent past, utilization of natural medicine in healthcare industry has increased significantly. The Cordyceps sinensis and cordyceps militaris, traditional Chinese medicine is one such herbal medicine that has witnessed an increase in adoption. Both cordyceps sinensis and militaris extract possesses medicinal properties such as cholesterol reduction, stimulation of the immune system, faster recovery from bronchitis and other respiratory diseases. Furthermore, it can also increase efficiency of the circulatory system, and these are factors expected to increase the demand for cordyceps species in the healthcare industry.

Market Dynamics

Government led initiatives in promoting development of traditional Chinese medicine (TCM), are expected to increase the utilization of TCM in the healthcare industry worldwide. For instance, in February 2013, the Chief Executive of Legislative Council Panel on Health Services, China, established the Chinese Medicine Development Committee (CMDC) to focus on the study of four major areas, namely the development of Chinese medicine services, personnel training and professional development, research and development, as well as development of the Chinese medicines industry (including Chinese medicines testing).

Manufacturers in cordyceps sinensis and militaris extract market are focusing on development of products for multiple end use including medicines, food products, and dietary supplements. Majority of the manufacturers are now focusing on production of cordyceps extract powder with an aim to further produce other drug formulations. For instance, in April 2016, Nammex Organic Mushroom Extracts launched organically certified Cordyceps militaris mushroom extracts. Nammex Cordyceps extracts are organically cultivated and supplied in a powder format to supplement manufacturers in North America.

Key features of the study:

  • This report provides in-depth analysis of the cordyceps sinensis and militaris extract market size (US$ Mn), and cumulative annual growth rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global cordyceps sinensis and militaris extract market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Naturalin bio-resources co., Ltd, The Lubrizol Corporation, Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co., Ltd., Xi'an Saina Biological Technology Co., Ltd. (Herbsino), Dalong Biotechnology Co., Ltd, Health Choice Limited, Nutrastar International Inc., Nutra Green Biotechnology Co., Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global cordyceps sinensis and militaris extract market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for cordyceps sinensis and militaris extract market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Cordyceps Sinensis and Militaris Extract Market, By Formulation:
    • Tablet/ Capsules
    • Liquid
    • Powder
  • Global Cordyceps Sinensis and Militaris Extract Market, By Application:
    • Medicine
    • Dietary Supplements
    • Food Additives
  • Global Cordyceps Sinensis and Militaris Extract Market, By Strain Type:
    • Cordyceps Sinensis
    • Cordyceps Militaris
  • Global Cordyceps Sinensis and Militaris Extract Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
    • Africa
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Formulation:
        • Tablet/ Capsules
        • Liquid
        • Powder
      • By Application:
        • Medicine
        • Dietary Supplements
        • Food Additives
      • By Strain Type:
        • Cordyceps Sinensis
        • Cordyceps Militaris
  • Company Profiles
      • Naturalin bio-resources co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • The Lubrizol Corporation,
      • Quyuan sunnycare Inc.
      • Shanghai Kangzhou Fungi Extract Co., Ltd.,
      • Xi'an Saina Biological Technology Co., Ltd. (Herbsino)
      • Dalong Biotechnology Co., Ltd
      • Health Choice Limited.
      • Nutrastar International Inc.
      • Nutra Green Biotechnology Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Formulation
      • Market Snippet, By Application
      • Market Snippet, By Strain Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Historical Overview
    • Merger and Acquisition
    • Regulatory Scenario
    • PEST Analysis
    • Pricing Analysis, by Formulation and Strain Type
    • Pricing Analysis, by Raw Material
  4. Global Cordyceps Sinensis and Militaris Extract Market, By Formulation, 2018 – 2026, (US$ Million and Grams)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Tablet / Capsules
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million and Grams)
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million and ml)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million and Grams)
  5. Global Cordyceps Sinensis and Militaris Extract Market, By Application, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Medicine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Dietary Supplements
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Food Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Cordyceps Sinensis and Militaris Extract Market, By Strain Type, 2018 – 2026, (US$ Million and Grams)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Cordyceps Sinensis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million and Grams)
    • Cordyceps Militaris
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, ((US$ Million and Grams)
  7. Global  Cordyceps Sinensis and Militaris Extract Market, By Region, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Formulation, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Formulation, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Formulation, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Formulation, 2016 – 2026(US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Formulation, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Formulation, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Strain Type, 2016 – 2026, (US$ Million and Grams)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Naturalin bio-resources co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • The Lubrizol Corporation,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Quyuan sunnycare Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Shanghai Kangzhou Fungi Extract Co., Ltd.,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Xi'an Saina Biological Technology Co., Ltd. (Herbsino)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Dalong Biotechnology Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Health Choice Limited.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Nutrastar International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Nutra Green Biotechnology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 49 market data tables and 29 figures on “Cordyceps Sinensis and Militaris Extract Market” - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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