The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s cordyceps sinensis market report forecasts the cordyceps sinensis market size to grow to $1.60 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Cordyceps Sinensis Market Size Forecast
The global cordyceps sinensis market is expected to grow from $1.12 billion in 2022 to $1.22 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cordyceps sinensis market size is expected to grow to $1.60 billion in 2027 at a CAGR of 9.4%.

North America held the largest cordyceps sinensis market share.

Key Cordyceps Sinensis Market Driver ­– Increase In Awareness About The Health Benefits Of Cordyceps Sinensis
For instance, according to data published by SPINS, a US-based wellness-focused data provider and supporter of the natural products sector, in November 2020, in the US, the sales of cordyceps grew 43.7% compared to 2019. Therefore, increasing awareness about its health benefits will drive the cordyceps sinensis market.

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Key Cordyceps Sinensis Market Trend – Technological Innovation And Advancements
Major companies are using new technologies such as cultivation and process technology for cultivating cordyceps sinensis. For instance, in July 2020, Scientists at Bodoland University (BU), an Indian university, developed a cultivation and process technology for cultivating cordyceps militaris or cordyceps sinensis in laboratory settings to meet the demand. BU is the pioneer in the technology for cultivating Cordyceps and is prepared to transmit process technology to encourage young entrepreneurs’ development in order to improve self-employment and enable sustainable production of ‘caterpillar mushroom’.

Cordyceps Sinensis Market Segment
1) By Product: Dried, Wet
2) By Mode Of Cultivation: Natural, Artificial
3) By Application: Treatment, Healthcare

Cordyceps Sinensis Market Major Players and Strategies
Major players in the cordyceps sinensis market are Lei Yun Shang Pharmaceutical Group Co. Ltd., Tongqingyutang, Shenxiang, Sanjiangyuan, Tongrentang, Zhufengshengao, Huqingyutang, KangMei, Kangfulai, The Lubrizol Corporation, Naturalin Bio-Resources Co. Ltd., Nutra Green Biotechnology Co. Ltd., Xi’an Saina Biological Technology Co. Ltd., and Kshipra Biotech Private Limited.

In July 2021, the University of Chulalongkorn, a Thailand-based university, collaborated with Thailand National Nanotechnology Center to use biorobots specifically to deliver cordyceps sinensis extract to halt cancer with reduced side effects. The delivery system, aided by bio-robots carries the cordycepin to targeted cancer cells more precisely. The National Nanotechnology Center is a Thailand-based national research center.

The Cordyceps Sinensis Global Market Report 2023 covers regional data on cordyceps sinensis market size, cordyceps sinensis market trends and drivers, opportunities, strategies, and cordyceps sinensis market competitor analysis. The countries covered in the cordyceps sinensis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cordyceps sinensis refers to an ascomycete fungus that contains a variety of bioactive chemicals such as Cordycepin (-3′-deoxyadenosine), Cordycepic acid (d-mannitol), and vitamins such as E, K, B1, B2, B12, carbohydrates, proteins, sterols, nucleosides, and other vital elements used to treat a variety of illnesses. The cordyceps sinensis is a fungi used to enhance energy, appetite, stamina, libido, endurance, and sleep patterns.

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