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Cordyceps Sinensis and Militaris Extract Market Recent Developments 2018-2026 by Top Players Like Naturalin bio-resources co., Ltd, The Lubrizol Corporation, Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co., Ltd., Dalong Biotechnology Co., Ltd.
Cordyceps Sinensis and Militaris Extract
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Cordyceps Sinensis and Militaris Extract Market- Regional Analysis
Regional segmentation of the global Cordyceps Sinensis and Militaris Extract Market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Manufacturers in North America region are importing cordyceps sinensis extract to produce different types of medical formulations such as tablets and capsules. For instance, in August 2018, HANAH Life, the developer of Ayurvedic super food HANAH ONE, launched its Cordyceps+ in the North America market. Cordyceps+ is a combination of wild Bhutanese Cordyceps sinensis, with eight other herbs and minerals. The price of HANAH Cordyceps+ is US$168 for 30 capsules in the U.S. Furthermore, increasing number of patients with mental disorders is expected to significantly expand adoption of cordyceps sinensis extracts as it has immense benefits in lowering symptoms related to mental disorders such as depression, anxeity.
Detailed Segmentation:
Global Cordyceps Sinensis and Militaris Extract Market, By Formulation:
Tablet/ Capsules
Liquid
Powder
Global Cordyceps Sinensis and Militaris Extract Market, By Application:
Medicine
Dietary Supplements
Food Additives
Global Cordyceps Sinensis and Militaris Extract Market, By Strain Type:
Cordyceps Sinensis
Cordyceps Militaris
Global Cordyceps Sinensis and Militaris Extract Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Market Dynamics
Government led initiatives in promoting development of traditional Chinese medicine (TCM), are expected to increase the utilization of TCM in the healthcare industry worldwide. For instance, in February 2013, the Chief Executive of Legislative Council Panel on Health Services, China, established the Chinese Medicine Development Committee (CMDC) to focus on the study of four major areas, namely the development of Chinese medicine services, personnel training and professional development, research and development, as well as development of the Chinese medicines industry (including Chinese medicines testing).
Manufacturers in cordyceps sinensis and militaris extract market are focusing on development of products for multiple end use including medicines, food products, and dietary supplements. Majority of the manufacturers are now focusing on production of cordyceps extract powder with an aim to further produce other drug formulations. For instance, in April 2016, Nammex Organic Mushroom Extracts launched organically certified Cordyceps militaris mushroom extracts. Nammex Cordyceps extracts are organically cultivated and supplied in a powder format to supplement manufacturers in North America.
Increasing emergence of traditional Chinese medicine in medicinal community is expected to drive growth of the cordyceps sinensis and militaris extract market
Traditional Chinese medicine (TCM) Cordyceps sinensis and C. Militaris are the potential bio-metabolites for herbal medicines. This cordyceps category has shown considerable significance in several clinical and biotechnological applications such as genetic and nutritional requirements.
TCM comprises traditional Chinese medicinal materials, decoction pieces, Chinese patented medicines, herbal extracts, and healthcare products. Internationalization of TCM products is expected to help other countries and regions to develop and produce traditional Chinese medicines in order to serve the healthcare industry. Among all the TCM products, Cordyceps sinensis is the most explored species, followed by C. millitaris.
Cordyceps Sinensis and Militaris Extract Market - Competitive Landscape
Key players operating in the cordyceps sinensis and militaris extract market include Naturalin bio-resources co., Ltd, The Lubrizol Corporation, Quyuan sunnycare Inc., Shanghai Kangzhou Fungi Extract Co., Ltd., Xi'an Saina Biological Technology Co., Ltd. (Herbsino), Dalong Biotechnology Co., Ltd, Health Choice Limited, Nutrastar International Inc., Nutra Green Biotechnology Co., Ltd.
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