Market Overview:
The global ophiocordyceps sinensis market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for ophiocordyceps sinensis in the pharmaceuticals and healthy food industries. Additionally, rising awareness about the health benefits of ophiocordyceps sinensis is also propelling the growth of this market. Based on type, cordyceps sinensis segment is projected to account for a major share of the global ophiocordyceps sinensis market during 2018-2030. This can be attributed to its high demand in direct eat applications and pharmaceuticals industry across regions. However, fermented cordyceps powder segment is anticipated to grow at a higher CAGR owing to its growing application in healthy food and cosmetic industries over the forecast period. Regionally, Asia Pacific accounted for majority share of global ophiocordyceps sinensis market in 2017 and it is expected retain its dominance throughout forecast period due high consumption by end users coupled with presence of key manufacturers in this region.
Product Definition:
Ophiocordyceps sinensis is a fungus that parasitizes larvae of ghost moths. The fungus grows inside the body of the moth and produces a fruiting body that emerges from the head of the caterpillar. This mushroom is used in traditional Chinese medicine to treat a variety of ailments, including respiratory infections, cancer, and chronic inflammation.
Cordyceps Sinensis:
Cordyceps sinensis is a fungi that grows on the branches of the Chinese oak. It was first discovered in 1735 by an Italian Jesuit priest, who named it in honor of his friend Cardinal Riccardo Annibale Corda (1605-1675), whose support had been crucial for his studies in China.
Fermented Cordyceps Powder:
Fermented cordyceps powder is a traditional Chinese medicine which helps in boosting immunity system. It contains protein and various other ingredients such as L-glutamine, vitamins, minerals like iron & zinc and some amino acids. The main function of this product is to boost the immune system to fight against virus or bacteria that causes cold or flu.
This product also helps in improving body endurance by strengthening muscles especially during workout sessions.
Application Insights:
Healthy food was the leading application segment in 2017. Owing to the rising awareness about healthy food among consumers, especially in developed countries such as U.S., Germany and Japan, this application is expected to witness significant growth over the forecast period.
Cosmetic is anticipated to be one of the fastest-growing segments owing to increasing research on Cordyceps sinensis extract for improving skin elasticity and reducing wrinkles associated with aging process. The product has been used traditionally by Chinese herbalists for treating various health ailments including impotence, infertility and menopausal symptoms along with enhancing beauty from ancient times until today. This trend is expected to continue during future as well due largely in part that it possesses anti-aging properties which help improve skin texture & tone while reducing fine lines & wrinkles caused due its ability of boosting collagen production naturally without causing any side effects or adverse reactions like other products do when they are applied directly onto skin cells (topical).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The presence of key manufacturers and suppliers in China, along with high consumption, is expected to drive the regional market over the forecast period. In addition, increasing health awareness among consumers has led to an increase in demand for nutritional products; this factor is anticipated to further fuel growth during the forecast period.
The European region accounted for a significant share of revenue and is expected to grow at a considerable rate over the projected period owing to rising geriatric population that requires increased healthcare expenditure coupled with growing consumer inclination towards healthy lifestyle changes. Moreover, increasing research funding by government organizations such as EU FP6 & FP7 programs are likely to boost product development activities leadingto higher adoption rates across various application sectors such as nutraceuticals and pharmaceuticals industry resultingin substantial growth potential for ophiocordyceps sinensis within Europe region alone duringthe forecast year 2018 - 2030 period.
Growth Factors:
- Increasing awareness about the health benefits of Ophiocordyceps Sinensis is expected to drive the market growth.
- Rising demand for natural and organic products is another key factor that is anticipated to fuel the market growth in the near future.
- Growing popularity of traditional Chinese medicines is also projected to boost the demand for Ophiocordyceps Sinensis in the coming years.
- Rapid urbanization and increasing disposable income of consumers are some other factors that are likely to contribute towards market growth over the forecast period.
- The increasing number of research studies on Ophiocordyceps Sinensis is also anticipated to propel its demand in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophiocordyceps Sinensis Market Research Report
By Type
Cordyceps Sinensis, Fermented Cordyceps Powder, Others
By Application
Directly Eat, Pharmaceuticals and Pharmaceutical Raw Materials, Healthy Food, Cosmetic
By Companies
Jiangsukonen Biological Engineering Co.Ltd, Qinghai Spring Medicinal Resources Technology Co.,Ltd., Tibet Potala Biotechnology, Yushu Tibetan Autonomous Prefecture Sanjiangyuan Ophiocordyceps Sinensis Technology Co.,Ltd., Huadong Medicine Co.,Ltd, Guangdong Hec Technology Holding Co.,Ltd., Jinshuibao Pharmaceuticals, Shenhua Pharmaceuticals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Ophiocordyceps Sinensis Market Report Segments:
The global Ophiocordyceps Sinensis market is segmented on the basis of:
Types
Cordyceps Sinensis, Fermented Cordyceps Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Directly Eat, Pharmaceuticals and Pharmaceutical Raw Materials, Healthy Food, Cosmetic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jiangsukonen Biological Engineering Co.Ltd
- Qinghai Spring Medicinal Resources Technology Co.,Ltd.
- Tibet Potala Biotechnology
- Yushu Tibetan Autonomous Prefecture Sanjiangyuan Ophiocordyceps Sinensis Technology Co.,Ltd.
- Huadong Medicine Co.,Ltd
- Guangdong Hec Technology Holding Co.,Ltd.
- Jinshuibao Pharmaceuticals
- Shenhua Pharmaceuticals
Highlights of The Ophiocordyceps Sinensis Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cordyceps Sinensis
- Fermented Cordyceps Powder
- Others
- By Application:
- Directly Eat
- Pharmaceuticals and Pharmaceutical Raw Materials
- Healthy Food
- Cosmetic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ophiocordyceps Sinensis Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ophiocordyceps sinensis is a fungus that grows on the bodies of insects. The fungus causes the insect to become paralyzed and die.
Some of the major players in the ophiocordyceps sinensis market are Jiangsukonen Biological Engineering Co.Ltd, Qinghai Spring Medicinal Resources Technology Co.,Ltd., Tibet Potala Biotechnology, Yushu Tibetan Autonomous Prefecture Sanjiangyuan Ophiocordyceps Sinensis Technology Co.,Ltd., Huadong Medicine Co.,Ltd, Guangdong Hec Technology Holding Co.,Ltd., Jinshuibao Pharmaceuticals, Shenhua Pharmaceuticals.
The ophiocordyceps sinensis market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ophiocordyceps Sinensis Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ophiocordyceps Sinensis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophiocordyceps Sinensis Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ophiocordyceps Sinensis Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ophiocordyceps Sinensis Market Size & Forecast, 2020-2028
4.5.1 Ophiocordyceps Sinensis Market Size and Y-o-Y Growth
4.5.2 Ophiocordyceps Sinensis Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cordyceps Sinensis
5.2.2 Fermented Cordyceps Powder
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Directly Eat
6.2.2 Pharmaceuticals and Pharmaceutical Raw Materials
6.2.3 Healthy Food
6.2.4 Cosmetic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophiocordyceps Sinensis Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ophiocordyceps Sinensis Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cordyceps Sinensis
9.6.2 Fermented Cordyceps Powder
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Directly Eat
9.10.2 Pharmaceuticals and Pharmaceutical Raw Materials
9.10.3 Healthy Food
9.10.4 Cosmetic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cordyceps Sinensis
10.6.2 Fermented Cordyceps Powder
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Directly Eat
10.10.2 Pharmaceuticals and Pharmaceutical Raw Materials
10.10.3 Healthy Food
10.10.4 Cosmetic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cordyceps Sinensis
11.6.2 Fermented Cordyceps Powder
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Directly Eat
11.10.2 Pharmaceuticals and Pharmaceutical Raw Materials
11.10.3 Healthy Food
11.10.4 Cosmetic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cordyceps Sinensis
12.6.2 Fermented Cordyceps Powder
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Directly Eat
12.10.2 Pharmaceuticals and Pharmaceutical Raw Materials
12.10.3 Healthy Food
12.10.4 Cosmetic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cordyceps Sinensis
13.6.2 Fermented Cordyceps Powder
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Directly Eat
13.10.2 Pharmaceuticals and Pharmaceutical Raw Materials
13.10.3 Healthy Food
13.10.4 Cosmetic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ophiocordyceps Sinensis Market: Competitive Dashboard
14.2 Global Ophiocordyceps Sinensis Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jiangsukonen Biological Engineering Co.Ltd
14.3.2 Qinghai Spring Medicinal Resources Technology Co.,Ltd.
14.3.3 Tibet Potala Biotechnology
14.3.4 Yushu Tibetan Autonomous Prefecture Sanjiangyuan Ophiocordyceps Sinensis Technology Co.,Ltd.
14.3.5 Huadong Medicine Co.,Ltd
14.3.6 Guangdong Hec Technology Holding Co.,Ltd.
14.3.7 Jinshuibao Pharmaceuticals
14.3.8 Shenhua Pharmaceuticals
