The Cordyceps Sinensis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cordyceps Sinensis Global Market Report 2024, The cordyceps sinensis market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growing health awareness, research and development, increased demand for natural health products, economic growth, regulatory support.
The cordyceps sinensis market size is expected to see rapid growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to aging population, changing consumer preferences, expansion of distribution channels, government initiatives, marketing strategies and branding. Major trends in the forecast period include nutraceutical innovation, personalized wellness, integration in functional foods, sustainable packaging, customized supplements.
The increasing health and fitness awareness is expected to boost the growth of the Cordyceps sinensis market going forward. Health and fitness collectively refer to a state of overall well-being, encompassing physical, mental, and social aspects. Cordyceps sinensis aids the body in adapting to stress and maintaining balance, potentially contributing to overall well-being and resilience. For instance, in January 2022, according to a survey report published by Nutrisystem, a US-based provider of weight loss products, among 2,000 participants, 53% of respondents expressed their goal for 2022 as shedding weight, with an average target of 14 pounds of weight loss. Therefore, increasing health and fitness awareness is driving the growth of the Cordyceps sinensis market.
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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
Major companies operating in the Cordyceps sinensis market are developing innovative products, such as cordyceps tea, to meet larger customer bases, increase sales, and increase revenue. Cordyceps tea is a beverage made by infusing Cordyceps sinensis, a type of parasitic fungus, in hot water. For instance, in March 2023, Bridge Goodness Pvt Ltd., an India-based food and beverage manufacturing company, launched three new teas, the Cordyceps (Caterpillar) Tea, Hippy Happy, the Sea Berry (Sea Buckthorn) Tea, and Gut Goodness, the Matsutake (Mushroom) Tea, under its new brand, FromBhutan. The three new teas boast a distinctive feature: premium selections meticulously sourced from the finest Bhutanese mountain stairways. Carefully hand-picked and expertly crafted, these teas ensure an unparalleled flavor experience. Crafted by FromBhutan’s skilled tea blenders, a special blend has been curated to offer clients an unforgettable taste adventure. Infused with a fragrant bouquet and subtle flavor, these teas are designed to provide moments of pure delight, delivering abundant health benefits. Whether enjoyed hot or cold, alone or with others, these teas aim to leave consumers feeling refreshed and revitalized, enhancing their overall tea-drinking experience.
The cordyceps sinensis market report table of contents includes:
1. Executive Summary
2.Cordyceps Sinensis Market Characteristics
3.Cordyceps Sinensis Market Trends And Strategies
4. Cordyceps Sinensis Market analysis
5.Cordyceps Sinensis Market Size And Growth
6. Cordyceps Sinensis Segmentation
7.Cordyceps Sinensis Regional And Country Analysis
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27.Cordyceps Sinensis Competitive Landscape And Company Profiles
28.Cordyceps Sinensis Key Mergers And Acquisitions
29.Cordyceps Sinensis Future Outlook and Potential Analysis
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