Cordyceps Militaris Market Research Report: By Product Type (Mycelium, Fruiting Body), By Form (Dried, Powder, Extract, Capsules, Tinctures), By Application (Dietary Supplements, Functional Food & Beverages, Pharmaceuticals, Cosmetics, Veterinary), By End-User (Consumers, Manufacturers, Distributors, Retailers), By Distribution Channel (Online Marketplaces, Brick-and-Mortar Stores, Specialty Food Stores, Pharmacies, Health & Wellness Stores) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forec

Global Cordyceps Militaris Market Overview

Cordyceps Militaris Market Size was estimated at 1.79 (USD Billion) in 2022. The Cordyceps Militaris Market Industry is expected to grow from 1.92(USD Billion) in 2023 to 3.59 (USD Billion) by 2032. The Cordyceps Militaris Market CAGR (growth rate) is expected to be around 7.22% during the forecast period (2024 - 2032).

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Cordyceps Militaris Market Trends Highlighted

The Cordyceps militaris market is projected to experience significant growth, driven by increasing consumer awareness of its health benefits. Cordyceps militaris is a fungus that has been used in traditional Chinese medicine for centuries and is now gaining popularity in the West as a natural supplement for immune support, energy enhancement, and athletic performance.Key market drivers include the rising prevalence of chronic diseases, the growing demand for natural and organic products, and the increasing popularity of sports and fitness activities. Opportunities for market growth lie in the development of new product applications, the expansion into emerging markets, and the integration of Cordyceps militaris into functional foods and beverages.Recent trends in the Cordyceps militaris market include the emergence of standardized extracts with guaranteed potency, the development of new cultivation methods to increase production efficiency, and the growing number of clinical studies supporting its health benefits. As consumers become more health-conscious and seek natural ways to improve their well-being, the market for Cordyceps militaris is expected to continue to expand in the coming years.

Cordyceps Militaris Market Drivers

Rising Health Consciousness and Demand for Natural Supplements

Growing consciousness regarding the health benefits of natural products has led to a surge in demand for herbal supplements. Cordyceps Militaris is essentially an herbal supplement, which means it won’t have any fatal side effects on human health. Consumers are proactively making a shift towards a healthy lifestyle and have started opting for organic substitutes instead of allopathic medication that tends to have side effects, some dangerous even. Additionally, the perception that Cordyceps Militaris is perfectly safe and highly effective for maintaining overall health and psychosocial well-being is leading to growing demand in the Cordyceps Militaris Market Industry.

Increasing Prevalence of Chronic Diseases

The increase in the prevalence of chronic diseases, including cancer, cardiovascular disease, and diabetes, enhances the Cordyceps Militaris Market Industry. This is because Cordyceps militaris has been proven to have both anti-inflammatory and antioxidant effects and has also been proven to boost immunity. These users keep increasing as the number of people with illnesses who require using it keeps increasing worldwide.

Growth of the Sports Nutrition Market

The sports nutrition market is one of the largest ones today. Because of the increasing popularity of sports, more and more people are starting to do sports for pleasure on semi-professional or professional levels. Irrespective of their performance, they are interested in delivering better results at the most effective pace. One of the most recent findings in this field is Cordyceps militaris, which is a type of mushroom. Today, more and more athletes start taking this food supplement to improve their performance and endurance and speed up the process of recovery after a tiring workout.You should not be surprised if the increased popularity of sports would stimulate the growth of this mushroom as well.

Cordyceps Militaris Market Segment Insights

Cordyceps Militaris Market Product Type Insights

The Cordyceps Militaris Market is segmented by product type and geography. In terms of product type, the market is divided into mycelium and fruiting bodies. It is estimated that the mycelium segment will comprise a greater share of the market in 2023 as it is more frequently used in dietary supplements and nutraceuticals. However, the fruiting body segment is forecasted to grow at a higher CAGR during the analyzed period as it is progressively adopted in traditional Chinese medicine and functional foods. Currently, the mycelium segment is worth close to USD 1.2 billion, while the fruiting body segment is only valued at about USD 0.72 billion. Expectedly, by 2032, the mycelium product segment will be assessed at roughly USD 1.95 billion and the fruiting body segment at USD 1.64 billion.The more rapid development of the latter segment is due to the growing awareness about the benefits it provides. It has been found that cordyceps fruiting body can boost immunity, reduce inflammation, result in longer life expectancy, and improve the functioning of the brain.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cordyceps Militaris Market Form Insights

According to the given information, the Cordyceps militaris market report segments the market into dried, powder, extract, capsules, and tinctures. Moreover, according to this source, the dried segment occupied a higher market share among other form segments in 2023 and accounted for more than 35% of Cordyceps Militaris Market revenue. As was also mentioned, dried cordyceps militaris accounted for the largest market share, as it is highly concentrated and stable. Furthermore, during the forecasted period, the powder segment will also grow significantly, as it is convenient for use in other foods and beverages.In addition, demand for extract will grow, as it is highly concentrated and suitable for usage in pharmaceutics and nutraceuticals. Capsules and tinctures will also increase, as both of them are very convenient to use.

Cordyceps Militaris Market Application Insights

The Cordyceps Militaris Market segmentation by Application comprises Dietary Supplements, Functional Food Beverages, Pharmaceuticals, Cosmetics, and Veterinary. Among these, Dietary Supplements is estimated to hold the largest market share in 2023, and it is projected to maintain its dominance throughout the forecast period, owing to the growing demand for natural and organic dietary supplements. The Pharmaceuticals segment is expected to exhibit a significant growth rate during the forecast period due to the increasing prevalence of chronic diseases and the rising demand for alternative therapies.The Functional Food Beverages segment is also anticipated to witness substantial growth, driven by the increasing consumer preference for functional foods and beverages that offer health benefits. The Cosmetics segment is expected to grow at a moderate pace, driven by the growing demand for natural and organic skincare products. The Veterinary segment is anticipated to experience steady growth, owing to the increasing awareness about animal health and the rising demand for pet care products.

Cordyceps Militaris Market End-User Insights

The end-user segment of the Cordyceps Militaris Market plays a crucial role in driving market growth. Consumers are the primary end-users, accounting for a significant share of the market revenue. The growing awareness of the health benefits of Cordyceps Militaris, such as its immunomodulatory and anti-inflammatory properties, is fueling consumer demand. Manufacturers are investing in research and development to enhance production efficiency and product quality to meet the increasing consumer demand. Distributors and retailers serve as intermediaries between manufacturers and consumers, ensuring the smooth distribution and availability of Cordyceps Militaris products.The Cordyceps Militaris Market is expected to witness steady growth in the coming years, with revenue projected to reach $X billion by 2028. This growth will be driven by the increasing demand from consumers, coupled with the ongoing efforts of manufacturers, distributors, and retailers to expand their market presence.

Cordyceps Militaris Market Distribution Channel Insights

The Cordyceps Militaris Market is segmented by distribution channel into online marketplaces, brick-and-mortar stores, specialty food stores, pharmacies, and health wellness stores. Online marketplaces are expected to witness significant growth in the coming years due to the increasing popularity of e-commerce and the convenience they offer to consumers. Brick-and-mortar stores are expected to remain the dominant distribution channel, but their growth is expected to be slower than that of online marketplaces. Specialty food stores are expected to witness moderate growth due to the increasing demand for natural and organic products.Pharmacies and health wellness stores are expected to witness steady growth due to the increasing awareness of the health benefits of cordyceps militaris. In 2023, the online marketplace segment is expected to account for approximately 25% of the Cordyceps Militaris Market revenue. The brick-and-mortar stores segment is expected to account for approximately 55% of the market revenue. The remaining 20% of the market revenue is expected to be generated by specialty food stores, pharmacies, and health wellness stores.

Cordyceps Militaris Market Regional Insights

The Cordyceps Militaris Market has a significant regional segmentation, with each region exhibiting unique market dynamics. North America held the largest market share in 2023, valued at USD 0.69 billion, due to the presence of a large nutraceutical industry and growing consumer awareness of the health benefits of Cordyceps Militaris. Europe followed with a market valuation of USD 0.52 billion, driven by increasing demand from the pharmaceutical industry. The APAC region is projected to witness the highest growth rate during the forecast period, primarily attributed to the rising middle class and increasing disposable income in countries such as China and India.South America and MEA are expected to contribute a smaller share to the overall market, but they present significant growth opportunities due to expanding healthcare infrastructure and growing consumer awareness.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cordyceps Militaris Market Key Players And Competitive InsightsThe industry is investing in research and development, expanding its product portfolios, and forming strategic partnerships. The industry is a major player as it is focused on developing new products and technologies to provide better products. The Cordyceps Militaris Market The industry is highly competitive, with several major players holding significant market shares. These players are adopting various strategies to consolidate their position in market mergers and acquisitions. On the other hand, new entrants are also entering the Cordyceps Militaris Market. Industry with innovative products and products sold at a lower price. The Cordyceps Militaris Market The industry is expected to remain highly competitive and grow in the future. The manufacture of products will be a major trend influencing the growth of the Cordyceps Militaris Market. Industry. ExplanationA competitor is a major player in the Cordyceps Militaris Market. Industry. The company has a large product portfolio, focusing on Cordyceps Militaris and offering a wide range of products to its customers. The company has a well-established distribution network and markets its products to customers around the world. The company highly invests in research and development to meet customer requirements with innovative products. The company has strict quality control and compliance policies, which makes it the most trusted and reputed company in the market. A major competitor in the Cordyceps Militaris Market Industry produces products that are often used as health supplements. The company is highly involved in the issues of corporate responsibility, which include maintaining the highest quality and compliance standards. The company provides an opportunity for all its customers to make inquiries, and the company’s customer reviews are a testament to the company’s reputation and goodwill among its customers.

Key Companies in the Cordyceps Militaris Market Include

• Sun Mushrooms LLC


• Beta Glucan Products


• Nantong Ruichang BioTech Co., Ltd


• Kunming Xinren Biotechnology Co. Ltd.


• Lotos Phytochem


• Xi'an Alpsbio Technology Co. Ltd


• Yuming Biotechnology


• Hunan Fourstar Planet Biotechnology Co. Ltd.


• Shanghai Noosun Biotechnology Co. Ltd


• Starwest Botanicals


• Anhui Loyfungus Pharmaceutical Co. Ltd


• Hillstar Biotechnology


• Fungus Biotech Limited


• Zhejiang Kangti BioTech Co., Ltd


• Allpure Biotech

Cordyceps Militaris Market Industry Developments

The Cordyceps Militaris market is projected to reach USD 3.59 billion by 2032, exhibiting a CAGR of 7.22% during the forecast period (2024-2032). Increasing demand for natural supplements and raising awareness about the health benefits of cordyceps militaris are driving market growth. The Asia-Pacific region is expected to dominate the market due to rising demand from China and Japan. Key industry players are focusing on product innovation and strategic partnerships to expand their market share. Recent developments include the launch of new cordyceps militaris-based supplements and collaborations with research institutions to explore new applications. The market is expected to witness steady growth in the coming years, driven by increasing consumer preference for natural and functional ingredients.

Cordyceps Militaris Market Segmentation Insights

Cordyceps Militaris Market Product Type Outlook

• Mycelium


• Fruiting Body

Cordyceps Militaris Market Form Outlook

• Dried


• Powder


• Extract


• Capsules


• Tinctures

Cordyceps Militaris Market Application Outlook

• Dietary Supplements


• Functional Food Beverages


• Pharmaceuticals


• Cosmetics


• Veterinary

Cordyceps Militaris Market End-User Outlook

• Consumers


• Manufacturers


• Distributors


• Retailers

Cordyceps Militaris Market Distribution Channel Outlook

• Online Marketplaces


• Brick-and-Mortar Stores


• Specialty Food Stores


• Pharmacies


• Health Wellness Stores

Cordyceps Militaris Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa