Press release
Cordyceps Sinensis Market 2024-2033: Future Scope, Business Statistics, Growth Rate And Major Players
Cordyceps Sinensis Market
The Business Research Company offers in-depth market insights through Cordyceps Sinensis Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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.
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Market Segmentation:
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 Driver - Increasing Health And Fitness Awareness Is Fueling The Growth Of The Cordyceps Sinensis Market
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.
Competitive Landscape:
Major companies operating in the cordyceps sinensis market report are Zhufengshengao, Lei Yun Shang Pharmaceutical Group Co. Ltd., Tong Ren Tang, Nu Skin Enterprises, MycoTechnology Inc., Maypro Industries, Connoils LLC, Naturalin Bio-Resources Co. Ltd., Aloha Medicinals Inc., Oregon's Wild Harvest, Zircon Ventures, Host Defense Mushrooms (Fungi Perfecti), Nutra Green Biotechnology Co. Ltd., Mushroom Wisdom Inc., Perfect Supplements LLC, Dragon Herbs, NutraMedix LLC, Naturealm LLC, Real Mushrooms, Qinghai Yushu San Jiang Yuan Cordyceps Technology Co. Ltd., Trividha Pharmaceuticals Pvt. Ltd., Annavarshni Foods LLP, Green Heaven India, Grow Up Enterprises, Kshipra Biotech Private Limited, NutraGenesis LLC, HealthTech BioActives S.L.U., Pure Essence Labs lnc., RidgeCrest Herbals, Sun Potion, HealthAid Limited, Oriveda BV
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Top Trend - Innovative Offerings In The Cordyceps Sinensis Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Cordyceps Sinensis Market Characteristics
3. Cordyceps Sinensis Market Trends And Strategies
4. Cordyceps Sinensis Market - Macro Economic Scenario
5. Cordyceps Sinensis Market Size And Growth
…..
27. Cordyceps Sinensis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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