Cordyceps Market Report 2024 (Global Edition)

Global Cordyceps Market Report 2024 Market Size Split by Type (Cordyceps Sinensis, Cordyceps Militaris ), by Form (Liquid Cordyceps, Powder Cordyceps, Tablet/Capsule Cordyceps), by Application (Pharm...

Cordyceps Market Report Description

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Competitive Landscape of the Cordyceps Market

The companies dominate the market with their diverse product portfolios, strong distribution networks, and emphasis on research and development. Additionally, emerging players are leveraging innovative marketing strategies and partnerships to gain traction in this rapidly growing market segment.

Cordyceps Industry News

In April 2021, Shroomshot, a company that manufactures organic products and is based in California, U.S., launched its third functional mushroom blend, Inner Energy, which is made with 1,000 mg of freshly harvested and extracted organic cordyceps mushroom fruiting bodies.

(Source:https://www.bevnet.com/news/2021/shroomshot-launches-energy-blend-with-cordyceps-mushroom/)

Top Companies Market Share in Cordyceps Industry: (In no particular order of Rank)

• The Lubrizol Corporation (U.S.)
• Naturalin Bio-Resources Co.
• Ltd. (China)
• Nutra Green Biotechnology Co.
• Ltd. (China)
• Xi’an Saina Biological Technology Co.
• Ltd (China)
• Kshipra Biotech Private Limited (India)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Cordyceps Market

Which Region will dominate the Cordyceps Market in 2024?

According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. It is due to increasing consumer awareness regarding the health benefits associated with cordyceps consumption. Furthermore, favorable regulatory frameworks, robust distribution channels, and the presence of key market players contribute to the market's growth trajectory in North America. With a focus on product innovation and strategic marketing initiatives, the cordyceps market in North America is expected to continue its positive momentum in the foreseeable future.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the sales of Cordyceps due to increasing consumer awareness about its health benefits and growing demand for natural dietary supplements. Additionally, the presence of key players and robust distribution networks contribute to market expansion. The pharmaceutical and nutraceutical industries in Europe are also incorporating cordyceps into their products, further propelling market growth. However, stringent regulations regarding herbal products and the limited availability of genuine cordyceps may pose challenges. Despite this, Europe remains a promising region for the cordyceps market, with ample opportunities for expansion and innovation.

The current report Scope analyzes Cordyceps Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cordyceps Market

According to Cognitive Market Research, the global Cordyceps market size was estimated at USD XX Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031. In North America, Cordyceps sales dominate, fuelled by increased consumer awareness of its health benefits, including immune system support and potential anti-inflammatory properties. Additionally, rising demand for natural supplements and alternative medicines contributes to market expansion. The growing interest in traditional Asian remedies and the incorporation of Cordyceps into various wellness products further propel its market presence. These factors collectively fuel the rising popularity and market penetration of Cordyceps in North America.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Cordyceps market, with a market size of USD XX million in 2024, which is projected to grow at a CAGR of 11.2% during the forecast period. It is due to increasing consumer awareness of its health benefits, including immune system support and energy enhancement. 
• The Canada Cordyceps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Canada's rise in wellness trends and the expansion of the health supplements industry fuel market growth.
• The Mexico Cordyceps market is projected to grow at a CAGR of 11.9% during the forecast period, with a market size of USD XX million in 2024.

 

Europe Cordyceps Market

Cognitive Market Research shows a market value of USD XX million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Europe’s growth is driven by increasing consumer awareness of its health benefits, including immune system support and energy enhancement. Rising demand for natural supplements and traditional medicine alternatives also fuels market expansion. Moreover, a growing aging population seeks preventive healthcare solutions, further boosting cordyceps consumption. Additionally, advancements in cultivation techniques and sustainable sourcing practices contribute to market stability and accessibility. These factors converge to propel the cordyceps market forward in Europe.

• The United Kingdom Cordyceps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. In the UK, Cordyceps sales are propelled by rising demand for natural supplements, coupled with growing interest in traditional medicine. 
• The France Radar Mitigation Systems market is projected to grow at a CAGR of 10.9% during the forecast period, reaching USD XX million in 2024.
• According to Cognitive Market Research, the German Cordyceps market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. In Germany, Cordyceps sales surged due to a growing interest in natural remedies and traditional medicine. 
• The Italy Cordyceps market is projected to grow at a CAGR of 11.1% during the forecast period, with a market size of USD XX million in 2024.
• The Russian Cordyceps market is projected to grow at a CAGR of 10.7% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Cordyceps market is projected to grow at a CAGR of 10.8% during the forecast period, reaching a market size of USD XX million in 2024.
• The Luxembourg Cordyceps market is projected to grow at a CAGR of 11.8% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Cordyceps market is projected to grow at a CAGR of 11.5% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Cordyceps market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Radar Mitigation Systems market is projected to grow at a CAGR of 10.4% during the forecast period, reaching USD XX million in 2024.

 

Asia Pacific Cordyceps Market

According to Cognitive Market Research, the global Cordyceps market size was estimated at USD XX Million, out of which Asia Pacific held the Market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031. The Asia Pacific region is experiencing growth due to increased awareness of its health benefits, including immune system support and energy enhancement. Additionally, growing disposable incomes and a shift towards natural remedies have contributed to market growth. Moreover, advancements in cultivation techniques and extraction methods have expanded the availability of Cordyceps products. The market is expected to continue thriving as consumers prioritize holistic wellness and seek out traditional remedies.

• According to Cognitive Market Research, the China Cordyceps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. Cordyceps sales surged in China due to growing demand for natural remedies and expanding usage in traditional Chinese medicine.
• The Japan Cordyceps market is projected to grow at a CAGR of 13.7% during the forecast period, with a market size of USD XX million in 2024.
• The India Cordyceps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. The demand is augmented by India's rising disposable incomes and a growing focus on holistic wellness.
• The South Korean Cordyceps market is projected to grow at a CAGR of 14.3% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Cordyceps market is projected to grow at a CAGR of 14.9% during the forecast period, with a market size of USD XX million in 2024.
• The Southeast Asia Cordyceps market is projected to grow at a CAGR of 16.2% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Asia Pacific Cordyceps market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD XX million in 2024.

 

South America Cordyceps Market

According to Cognitive Market Research, the global Cordyceps market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031. Cordyceps sales in Latin America are experiencing growth due to the rising awareness of its health benefits, including immune system support and potential anti-inflammatory properties. Additionally, increasing disposable incomes and a growing preference for natural remedies are boosting consumption. The region's rich biodiversity also contributes to the availability of Cordyceps species. Moreover, advancements in cultivation techniques and expanding distribution networks are further fueling market expansion, promising a lucrative future for Cordyceps products in Latin America.

• According to Cognitive Market Research, Brazil Cordyceps' market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Cordyceps sales flourish in Brazil due to rising interest in natural supplements and traditional medicine practices.
• The Argentina Cordyceps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Argentina's commitment to the rising interest in natural supplements and traditional medicine augments the demand.
• The Colombia Cordyceps market is projected to grow at a CAGR of 12.4% during the forecast period, with a market size of USD XX million in 2024.
• The Peru Cordyceps market is projected to grow at a CAGR of 12.8% during the forecast period, with a market size of USD XX million in 2024.
• The Chile Cordyceps market is projected to grow at a CAGR of 12.9% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Latin America Cordyceps market is projected to grow at a CAGR of 11.7% during the forecast period, with a market size of USD XX million in 2024.

 

Middle East and Africa Cordyceps Market

According to Cognitive Market Research, the global Cordyceps market size was estimated at USD XX Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031. MEA experiences an upswing in Cordyceps sales driven by rising awareness of its health benefits and increasing demand for natural supplements. Factors such as growing disposable incomes, expanding urban populations, and a shift towards healthier lifestyles are propelling market growth. Additionally, the region's rich cultural heritage, which values traditional remedies, further boosts Cordyceps consumption. These dynamics create a promising landscape for Cordyceps producers and suppliers seeking to capitalize on the region's growing health-conscious consumer base.

• According to Cognitive Market Research, the GCC Countries Cordyceps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 13.7% during the forecast period. Cordyceps sales flourish in the GCC Countries due to the growing consumer awareness about its health benefits, including immune system support, energy enhancement, and anti-inflammatory properties.
• The Egypt Cordyceps market is projected to grow at a CAGR of 13.2% during the forecast period, with a market size of USD XX million in 2024.
• The South African Cordyceps market is projected to grow at a CAGR of 13.9% during the forecast period, reaching USD XX million in 2024. Cordyceps sales flourish in South Africa due to the rising demand for natural remedies, coupled with favorable regulatory policies.
• The Turkey Cordyceps market is projected to grow at a CAGR of 12.4% during the forecast period, with a market size of USD XX million in 2024.
• The Nigerian Radar Mitigation Systems market is projected to grow at a CAGR of 12.0% during the forecast period, reaching a market size of USD XX million in 2024.
• The Rest of the MEA Cordyceps market is projected to grow at a CAGR of 11.9% during the forecast period, reaching a market size of USD XX million in 2024.

 

Cordyceps Market Analysis

Cordyceps Market Type Segment Analysis

According to Cognitive Market Research, cordyceps sinensis held the major market share over the forecast period. It is also known as Himalayan or Tibetan caterpillar fungus and is a rare and valuable medicinal fungus traditionally used in Chinese medicine for its health benefits. It holds a more traditional appeal and commands higher prices due to its scarcity.

Cordyceps militaris is the fastest-growing category over the forecast period. It is a cultivated species that has gained popularity due to its easier cultivation process and similar medicinal properties to cordyceps sinensis. It offers a more accessible and sustainable alternative.

• Cordyceps Sinensis
• Cordyceps Militaris 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cordyceps Industry. Request a Free Sample PDF!

Form Segment Analysis

According to Cognitive Market Research, liquid cordyceps hold a prominent market share. It typically offers convenience and ease of consumption, suitable for individuals looking for quick absorption and integration into their daily routines.

Powder Cordyceps is the fastest-growing category over the forecast period. It provides versatility, allowing consumers to incorporate it into various recipes, beverages, or supplements. This form appeals to those who prefer customization and control over dosage.

• Liquid Cordyceps
• Powder Cordyceps
• Tablet/Capsule Cordyceps

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cordyceps Application Segment Analysis

According to Cognitive Market Research, pharma & healthcare hold a prominent market share. In Pharma & healthcare, Cordyceps is gaining prominence for its potential medicinal properties, including immune system support and adaptogenic effects, contributing to its integration into various health supplements and pharmaceutical formulations.

Food additives are the fastest-growing category over the forecast period. Cordyceps serves as a functional ingredient, offering nutritional benefits and unique flavor profiles to a range of food and beverage products.

• Pharma and Healthcare
• Food Additives
• Dietary Supplements

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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