Global Cordyceps Sinensis Market – Industry Trends, Key Players, Regional Analysis and Forecast to 2033
The global cordyceps sinensis and militaris extract market size was valued at USD 1,000 million in 2021 and is projected to reach around USD 2,500 million in 2030 exhibiting a CAGR of 11% in the forecasted period.
The key factors disturbing the industrial growth include the rising number of research studies on cordyceps sinensis for various health disorders, rising product launches and agreements are factors anticipated to drive market growth. However, high price of caterpillar fungus (cordyceps)is expected to be a hinder for the revenue growth of the market.
Increasing numeral of research studies on cordyceps sinensis for numerous health disorders is anticipated to boost growth of the cordyceps sinensis and militaris extract market. For example, in October 2017, Shanghai-based research team revealed the biosynthesis mechanism of cordycepins, a cancer-resisting withdrawal from caterpillar fungus.
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