Cordyceps Sinensis also called as ophiocordyceps sinensis is combination of parasitic fungus species and dead caterpillars that offer several potential health applications. It has been in use in traditional Chinese and Tibetan medicines as remedy for around 21 ailments such as low immunity, high blood pressure etc. Cordyceps spores grows inside the caterpillar’s body and infects it, thus slowly degrading the living larva and mummifies it in the soil.
Cordyceps Sinensis is available as health supplement in tablet, powder, and capsule form in major developed markets. Regulatory bodies such as USFDA has have approved use of cordyceps sinensis extract as dietary supplement.
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Cordyceps Sinensis Market – Market Dynamics
Cordyceps sinensis offers medicinal properties such as cholesterol reduction, stimulation of the immune system, faster recovery from bronchitis, and other respiratory diseases, and increases efficiency of the circulatory system. Furthermore, it has anti-cancer properties and can be used in treatment of liver-associated diseases. It provides enhanced recovery from chemotherapy, improves libido, a general body adaptogen (enhanced body energy and strength)
High prevalence of chronic diseases such as cardiovascular disease, cancer, diabetes, and respiratory diseases would lead to increasing adoption of preventive healthcare products made from cordyceps sinensis extracts, which in turn would aid in growth of the cordyceps sinensis extract market. According to World Health Organizations statistics, in 2018, non-communicable diseases are responsible for over 41 million deaths, annually, which is equivalent to 71% of all deaths, worldwide. Furthermore, according to the same source cardiovascular diseases causes over 17.9 million deaths annually, followed by cancer (9.0 million), respiratory diseases (3.9million), and diabetes (1.6 million), respectively.
High prevalence of autoimmune and stress related disorders across the world, especially in developed regions such as North America and Europe. According to American Autoimmune Related Disease Association, more than 50 million people in the U.S. were affected by autoimmune disease in 2017. This would be another major factor driving growth of the cordyceps sinensis extract market. Increased preference for natural remedy for correcting chronic disease is new trend in world including U.S.
Cordyceps Sinensis Market – Regional Insights
Geographically, the global cordyceps sinensis extract market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to lead the market during the forecast period, followed by Europe.
High prevalence of chronic diseases in the U.S. is expected to be a major factor supporting the market growth. According to Centre for Disease Control and Prevention, seven of the top ten causes of deaths in the U.S., in 2014 were chronic diseases, heart diseases, and cancer, which together accounted for over 46% of the deaths in the country. 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 disorder.
Cordyceps Sinensis Market – Competitive Landscape
Key players operating in the global cordyceps sinensis market include Naturalin, Active Organics, Quyuan sunnycare Inc., Kangzhou, HERBSINO, SOST, Health Choice Limited, Zhongke Group, and Nutra Green.
Cordyceps Sinensis Market – Market Taxonomy
On the basis of dosage form, the global cordyceps sinensis market is segmented into – Powder, Tablet, Capsule,. On the basis of application, the global cordyceps sinensis market is segmented into -: Dietary supplement, Medicinal use, Others,. On the basis of distribution channel, the global cordyceps sinensis market is segmented into -: Retail Pharmacy, Online Pharmacy,. On the basis of geography, the global cordyceps sinensis market is segmented into: North America, Latin America, Europe, Asia Pacific, Middle East, Africa,.
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