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Cordyceps Sinensis Market Growth Drivers by 2029

Cordyceps Sinensis Market is tend to be around 11.05% in the mentioned forecast period

Recently, the use of natural remedies in the healthcare industry has increased significantly. Cordyceps sinensis and the traditional herbal medicine Cordyceps sinensis are one such herbal medicine and are increasingly accepted. Manufacturers of the Cordyceps sinensis markets are focused on developing products for multiple end applications, including pharmaceuticals, foods, and dietary supplements. Emerging markets such as China are growing in terms of improving their healthcare infrastructure, leading to significant investments in R&D activities related to natural products in the Asia Pacific region.

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Data Bridge Market Research analyses a growth rate in the global cordyceps sinensis market in the forecast period 2022-2029. The expected CAGR of Global Interventional Radiology Market is tend to be around 11.05% in the mentioned forecast period. The market value was valued at USD 648.31 million in 2021 and is expected to reach USD 1499.45 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Cordyceps sinensis is a type of fungus that has been used in traditional herbal medicine for centuries. It increases the efficiency of the circulatory system, and these factors are expected to increase the demand for Cordyceps sinensis in the healthcare industry. Hence, the use of this is increasing consequently, leading the market growth.

The launch of new products is expected to drive the growth of the global Cordyceps sinensis during the forecast period. For instance, Peaceful Harvest Mushrooms, a certified organic grower in the United States, released Cordyceps Militaris, Dried, Whole, and Fruiting Bodies in November 2021. The species of Cordyceps sinensis has become very important due to many bioengineering and clinical applications such as genetic and nutritional standards. Traditional herbal medicine (TCM) includes traditional herbal medicine, seasoning ingredients, unique herbal medicine, herbal extracts and health products. TCM’s products are expected to be internationalized and help other countries and regions grow and export traditional Chinese herbs to support the health industry. Cordyceps sinensis is well-studied species of all TCM products.

Non-communicable diseases has been on the rise in the last few decades. Along with this, cardiovascular diseases, cancer, respiratory illness and diabetes has been increasing as well. In addition, increasing demand for Chinese herbs in primary care is expected to contribute to the development of the Cordyceps sinensis market. For instance, the demand for herbal extracts of cordyceps sp. increased significantly in 2016 and 2017 as it is used in respiratory function, sports, physical fitness, sexual health, and many other dietary supplements. The epidemic of chronic diseases such as diabetes, cardiovascular disease, respiratory disease and cancer is expected to drive the adoption of preventative medical products containing Cordyceps sinensis species and accelerate the growth of the same in the coming years.

North America dominates the cordyceps sinensis market due to advanced technology along with major market players, the Asia Pacific region will span the forecast period of 2022-2029 due to the traditional practice of Chinese herbal medicine in China and India.

Key players operating in the global cordyceps sinensis market include:

The Lubrizol Corporation(US)
Naturalin Bio-Resources Co., Ltd., (China)
Nutra Green Biotechnology Co., Ltd.(China)
Xi’an Saina Biological Technology Co., Ltd(China)
Kshipra Biotech Private Limited(India)

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