Cordyceps Militaris Market Size, Share, and Industry Analysis By Form (Powder, Liquid, and Others), By Application (Pharmaceutical, Food & Beverages, Cosmetic & Personal Care, and Others), and Regional Forecast, 2026-2034

The global cordyceps militaris market size was valued at USD 1.52 billion in 2025. The market is projected to grow from USD 1.69 billion in 2026 to USD 3.91 billion by 2034, exhibiting a CAGR of 11.09% during the forecast period.

The global cordyceps militaris market undergoes rapid expansion because people are becoming more health conscious while seeking medicinal advantages provided by natural supplements. Cordyceps militaris functions as a fungus that traditional medicine uses to provide anti-inflammatory effects and immune system support while generating interest in wellness and functional product markets.

• According to U.S. FDA, the U.S. functional food market, which includes Cordyceps Militaris, is projected to grow by 6.5% annually.

Cordyceps Militaris Market Driver

Rising Health Consciousness, Medicinal Benefits, COVID-19 Applications to Foster the Demand for Cordyceps Militaris

Consumer health awareness has led to an increase in the requirement for natural supplements because people actively search for functional ingredients to improve their wellness. Cordyceps militaris features extensive health advantages that promote its widespread use through various product formats because popular demand continues to increase.

Medical science recognizes Cordyceps militaris for its strong therapeutic effects that include the suppression of inflammation, tumor prevention, and boosting immune response. Medical practitioners have long relied on Cordyceps militaris' traditional therapeutic properties, which currently drive their expanding use between modern wellness systems and medicinal sectors and therefore drive market expansion.

Interest in Cordyceps militaris increased during the COVID-19 pandemic because healthcare practitioners used its immunomodulatory properties to develop treatment strategies. The fungus experienced soaring market demand throughout pandemic times partly because individuals believed it strengthened immunity and fought viral agents.

Cordyceps Militaris Market Restraint

Supply Constraints, Regulatory Hurdles, Scientific Validation may Affect Market Expansion

The rare status of the natural Cordyceps militaris fungus creates major obstacles for market growth because growing it remains very expensive. The restricted supply of Cordyceps militaris coupled with high production expenses limits its market accessibility and makes Cordyceps-based products less affordable for consumers.

The market faces challenges bringing new medicinal fungus products to market because different regulations for medical fungi in various regions create obstacles for businesses interested in entering new markets. Standardization of Cordyceps Militaris product policies and approval processes represents a major obstacle for market expansion through added operational difficulties.

The absence of adequate clinical research and scientific proof slows down general consumer acceptance of Cordyceps Militaris among specific market segments. The market encounters doubts regarding Cordyceps militaris adoption because strong clinical evidence about safety and effectiveness cannot counter these concerns, leading to reduced acceptance from health sector stakeholders.

Cordyceps Militaris Market Opportunity

Product Diversification, Cosmetic Industry Integration, Geographical Expansion to Offer New Growth Avenues

The Cordyceps Militaris market has a substantial potential for expansion through diversified products. Innovating functional foods and beverages as new formulations enables companies to reach more consumers by answering the market demand for healthy, convenient products.

The natural properties of Cordyceps militaris create distinct potential within the cosmetic market since people are increasingly choosing plant-based clean skincare products. The introduction of Cordyceps into skincare compositions presents an attractive market development potential for those who want natural beauty treatments.

Emerging markets with growing health awareness provide substantial business opportunities for the expansion of Cordyceps Militaris products. Health-conscious populations in Asia-Pacific and Latin America continue expanding, which will boost market development and stimulate product adoption of natural supplements and functional products.

Segmentation

Key Insights

The report covers the following key insights:

• Incidence of Health Disorders Driving Supplement Demand, By Key Countries
• Demand for Natural and Functional Products across Major Markets
• Key Market Drivers, Trends, and Investment Opportunities in Natural Supplements
• Business Strategies Adopted by Key Players and Key Industry Developments (Partnerships, Product Launches, Expansions)
• Overview: Regulatory Landscape and Government Policies Supporting Natural Health Products

Analysis by Form

By Form, the Cordyceps Militaris Market is divided into Powder, Liquid, and Others.

Accompanying notable market expansion, the powder form attracts consumers because it is simple to transport, maintains extended shelf stability, and supports various supplement, tea, and functional food applications. Cordyceps Militaris powder attracts consumers because it delivers high-concentration effects and integrates well with daily activities. The Cordyceps Militaris Market showcases dominant leadership of powder format because consumers like its versatility along with their preference for this form.

The liquid format of Cordyceps Militaris is becoming more popular since it provides quick absorption along with easy drinking and growing integration in health-based drinks and extracts. Health-conscious men and women who seek ready-to-use wellness items create increasing demand for the market's popularity.

Analysis by Application

By application, the Cordyceps Militaris Market is fragmented into Pharmaceutical, Food & Beverages, Cosmetic & Personal Care, and Others.

The pharmaceutical sector controls the market because more people are recognizing the therapeutic benefits of Cordyceps militaris, which include anti-inflammatory and antioxidant along with immunomodulatory properties. The medicinal applications of this fungus in both conventional and contemporary medicinal practices drive pharmaceutical product demand. The market for Cordyceps militaris is predominantly controlled by pharmaceutical applications because the product shows medicinal properties and more people become health-conscious.

Currently the food & beverages sector witnesses dynamic growth because customers prefer to consume active and natural dietary components. The food and beverage industry embraces Cordyceps militaris as an ingredient for health-related drinks and soups while also incorporating it into fortified nutritional foods due to consumer understanding about its energy-enhancing adaptogenic properties.

Regional Analysis

Based on region, the Cordyceps Militaris Market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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The North American market sustains the highest position due to increasing health mindfulness and consumer demand for organic food products. The region supports innovative product development since various companies create different Cordyceps-based formulas that match new customer trends and wellness interests.

The market in Europe becomes substantial mainly because of the wellness-oriented approach that focuses on both preventive medical care and natural healthcare solutions. The Cordyceps militaris market in this region expands because of supportive policies that enable natural supplement use.

The Asia Pacific market expands quickly because residents traditionally use Cordyceps militaris in medicine, and they increasingly seek natural health solutions. The growing consumer interest in herbal and functional supplements within the region promotes the increased adoption of products.

Key Players Covered

The report includes the profiles of the following key players:

• Dalong Biotechnology Co., Ltd. (China)
• Health Choice Limited (U.K.)
• MycoForest (U.S.)
• Naturalin Bio-Resources Co., Ltd. (China)
• NU SKIN ENTERPRISES, INC (U.S.)
• Nutra Green Biotechnology Co., Ltd. (China)
• Quyuan Sunnycare Inc. (China)
• Shanghai Kangzhou Fungi Extract Co., Ltd. (China)
• Sunrise Nutrachem Group Ltd. (China)
• Xi'an Saina Biological Technology Co., Ltd. (China)

Key Industry Developments

• In June 2023, Awshad, a New Delhi-based medicinal cannabis wellness firm, introduced its first product, "Calmashroom Vijaya and Cordyceps Capsules." This launch marks a significant entry into the wellness sector, combining traditional mushrooms with modern wellness trends.
• In February 2024, Odyssey secured USD 6 million for their line of mushroom-based products, including Cordyceps Militaris, indicating investor confidence in the market's potential.