The global cordyceps militaris market is expected to grow at a significant CAGR during the forecast period (2024-2031). Increased disposable income, an increase in the incidence of diseases such as diabetes, cardiovascular disease, cancer, and others, as well as the benefits of Cordyceps Militaris in such cases, are expected to drive market growth over the forecast period. Cordyceps Militaris is a fungus that is used to treat many ailments. Owing to its powerful therapeutic powers, it is an important part of traditional Chinese medicine. Cordyceps is also utilized in the formulation of tonic solutions, and it has anti-diabetic, anti-inflammation, and anti-tumor properties. The demand for this market is driven by the increased demand for traditional medicines. Furthermore, the significant growth in the use of mushrooms for therapeutic purposes propels the market potential.
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Some of the primary drivers driving the market include an increase in disposable income, an increase in the incidence of diseases such as diabetes, cardiovascular disease, cancer, and the benefits of Cordyceps Militaris in such circumstances. These elements are expected to serve as growth propellers. The number of people suffering from chronic ailments has risen dramatically. Cordyceps Militaris has also been linked to improved athletic performance and the relief of kidney diseases. They’re also good for boosting immunity and preventing lung and skin cancer. Furthermore, investigations and research are being conducted to determine the benefits and efficacy of Cordyceps Militaris in the prevention of additional diseases. These elements are expected to offer an opportunity for the market. The market is expected to be constrained by the availability of alternative therapies, high costs, and related adverse effects. Furthermore, in the absence of these medicines, there are alternative therapies that can be used. Furthermore, taking Cordyceps Militaris orally might cause a slowdown of the clotting process, which can result in significant blood loss in the event of an injury. Therefore, market growth may be hampered by these adverse effects.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Naturalin bio-resources co., Ltd., The Lubrizol Corp., and Shanghai Kangzhou Fungi Extract Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cordyceps Militaris Market Report Segmentation
By Type
- Dried
- Wet
By Application
- Food and Beverages
- Pharmaceutical
- Cosmetics
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