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Cordyceps Sinensis Global Market Analysis, Trends, Growth, Research And Forecast 2033
Cordyceps Sinensis Global Market Analysis,
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According to The Business Research Company's, 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 Drivers and Trends:
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.
Major companies operating in the Cordyceps sinensis market are developing innovative products, such as mushroom extract serums, to meet larger customer bases, increase sales, and increase revenue. A mushroom extract serum is a skincare product formulated with extracts derived from mushrooms. For instance, in January 2023, Shroom Skincare, a US-based skincare company, launched a cordyceps sinensis mushroom extract-infused serum called Mycelium Glow Brightening Serum. The distinctive feature of the Mycelium Glow Brightening Serum lies in its fusion of mushroom extracts and vitamin C, working synergistically to illuminate the skin, promote an even tone, and impart a radiant, healthy complexion. This environmentally conscious oil serum not only revitalizes and hydrates the skin but also harnesses the antioxidant properties of Maitake, Chaga, Reishi, and Cordyceps Sinensis mushroom extracts, along with Vitamin C. This unique combination provides a comprehensive skincare solution, offering protection against environmental damage, alleviating inflammation, fortifying the skin's natural defenses, and addressing various signs of aging, including uneven skin tone.
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Major Key Players of the Market:
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
Cordyceps Sinensis Market 2024 Key Insights:
• 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%.
• Increasing Health And Fitness Awareness Is Fueling The Growth Of The Cordyceps Sinensis Market
• Companies Introducing Mushroom Extract Serums For Enhanced Skincare Solutions
• North America was the largest region in the cordyceps sinensis market in 2023
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