The Global 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), was valued at US$ 473.4 Mn in 2018, and is projected to exhibit a CAGR of 10.4%, during the forecast period (2018 - 2026).
Cordyceps sinensis and cordyceps militaris possesses many clinical and medicinal properties to cure various disorders. Many researchers are engaged in evaluating the medicinal properties of cordyceps for the treatment of various chronic disorders such as cancer and arthritis. This creates an opportunity for market players to produce medicinal products using these traditional Chinese medicines (Cordyceps sinensis and cordyceps militaris). For instance, in March 2019, researchers at the University of Nottingham's School of Pharmacy showed that the cordycepine (an active compound isolated from the caterpillar fungus Cordyceps militaris) possesses anti-inflammatory properties, which was proved to be effective in treating osteoarthritis by blocking inflammation and by reducing polyadenylation.
Browse 49 Market Data Tables and 29 Figures spread through 167 Pages and in-depth TOC on "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) - Global Forecast to 2026"
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High prevalence of chronic diseases such as cardiovascular disease, cancer, diabetes, and respiratory diseases would lead to increasing adoption of preventive healthcare products made from cordyceps sinensis extracts, which in turn would aid growth of the cordyceps sinensis extract market. According to World Health Organizations statistics, in 2018, non-communicable diseases were responsible for over 41 million deaths annually, which is equivalent to 71% of all deaths, worldwide. Furthermore, according to the same source, cardiovascular diseases cause over 17.9 million deaths annually, followed by cancer (9.0 million), respiratory diseases (3.9million), and diabetes (1.6 million), respectively. Moreover, rising demand for herbal medicine in primary healthcare is expected to contribute to the growth of the cordyceps sinensis and militaris market. For instance, according to Nutritional Outlook magazine in 2016, demand for herbal cordyceps extract increased owing to its application in dietary supplements for sports, energy, respiratory function, sexual health, and in many other supplement formulators. Furthermore, the cordyceps sinensis extract produced by the key player, Nammex, is available in North America, in order to meet demand for Cordyceps Species in the North America region.
Key Takeaways of the Cordyceps Sinensis and Militaris Extract Market: