Market Overview:
The global extraction of traditional Chinese medicine (TCM) market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for TCM products across the globe. Additionally, the growing awareness about the benefits of TCM is also propelling the growth of this market. The food grade segment is anticipated to hold a dominant position in this market during the forecast period, owing to its extensive use in functional health care products and feed applications. The Asia Pacific region is expected to lead this market during the forecast period, owing to high demand for TCM products from countries such as China and Japan.
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Product Definition:
Extraction of Traditional Chinese Medicine (TCM) is the process of separating active ingredients from herbs. The purpose of extraction is to create a concentrated form of the herb that can be used in pills, tinctures, and other forms. The extracted ingredients are also used in creams and ointments.
Food Grade:
Food grade is a term used for the extraction of traditional chinese medicine (TCM) from raw materials such as fruits, vegetables, meats and other products. Food-grade TCM finds its application in the treatment of gastrointestinal disorders, respiratory problems and immune system strengthening among others. The rising importance of functional foods on account of increasing health concerns has led to an increase in demand for food-grade TCM over the past few years.
Feed Grade:
Feed grade is the highest quality available in the market. It's used for extraction of traditional china medicine (TCM) from various animal sources such as cattle, swine, poultry and marine. Feed grade has a wide range of applications such as manufacturing herbal medicines for human consumption or industrial purposes or further processing to produce high-quality drugs with reduced contaminants levels.
Application Insights:
Functional health care products led the market and accounted for more than 60.0% share of the global revenue in 2017. The functional health care products include decongestants, antidiarrheals, tonics, and boosters. These are widely used to treat colds, flu symptoms including headaches and fatigue as well as aid in digestion problems such as gas or diarrhea caused due to overactive digestive systems or stomachaches due to stress-related irritable bowel syndrome.
The demand for functional health care products is expected to be driven by an aging population prone to various diseases owing to unhealthy lifestyle habits along with rising healthcare costs that encourage consumers towards adopting a healthy diet along with regular exercise so as not only prevent but also reverse chronic conditions associated with them at an early stage through preventive measures before they become serious illnesses.
Regional Analysis:
Asia Pacific dominated the global traditional Chinese medicine market in 2016 and is expected to continue its dominance over the forecast period. The presence of a large number of product manufacturers coupled with increasing consumer awareness regarding health benefits offered by these products are some factors driving this regional market. In addition, growing preference for natural ingredients in functional food & beverage products is also projected to support growth during the forecast period.
North America accounted for a significant share owing to high demand from U.S., which was valued at USD X million in 2016 and is anticipated to grow at a CAGR of XX% over the forecast period due to rising geriatric population prone towards chronic diseases that require long term treatment plans, thus promoting on-going research activities related Traditional Chinese Medicine (TCM). Moreover, availability of raw materials such as ginseng and gingko biloba extracts used as flavoring agents will further boost industry expansion over next eight years.
Growth Factors:
- Increasing demand for natural and organic products
- Growing awareness of the benefits of traditional Chinese medicine
- Rising healthcare costs in developed countries
- Aging population in developed countries
- Rapid economic development in emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Extraction of Traditional Chinese Medicine (TCM) Market Research Report
By Type
Food Grade, Feed Grade
By Application
Functional Health Care Products, Feed
By Companies
Tinjoy Healthcare Industrial Group Ltd., Chengdu iMOS Biotechnology Co., Ltd., Biomart, Lallemand, Orffa, FUBON, Sensient, Biofeed, Guangdong VTR Bio-Tech Co., Ltd., Matrix Nutrition, Tinjoy Healthcare Industrial Group Ltd.
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Extraction of Traditional Chinese Medicine (TCM) Market Report Segments:
The global Extraction of Traditional Chinese Medicine (TCM) market is segmented on the basis of:
Types
Food Grade, Feed Grade
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
Functional Health Care Products, Feed
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:
- Tinjoy Healthcare Industrial Group Ltd.
- Chengdu iMOS Biotechnology Co., Ltd.
- Biomart
- Lallemand
- Orffa
- FUBON
- Sensient
- Biofeed
- Guangdong VTR Bio-Tech Co., Ltd.
- Matrix Nutrition
- Tinjoy Healthcare Industrial Group Ltd.
 Market Overview.svg)
Highlights of The Extraction of Traditional Chinese Medicine (TCM) 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:
- Food Grade
- Feed Grade
- By Application:
- Functional Health Care Products
- Feed
- 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 Extraction of Traditional Chinese Medicine (TCM) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Extraction of Traditional Chinese Medicine (TCM) is the process of extracting therapeutic substances from plant or animal sources.
Some of the major players in the extraction of traditional chinese medicine (tcm) market are Tinjoy Healthcare Industrial Group Ltd., Chengdu iMOS Biotechnology Co., Ltd., Biomart, Lallemand, Orffa, FUBON, Sensient, Biofeed, Guangdong VTR Bio-Tech Co., Ltd., Matrix Nutrition, Tinjoy Healthcare Industrial Group Ltd..
The extraction of traditional chinese medicine (tcm) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Extraction of Traditional Chinese Medicine (TCM) 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 Extraction of Traditional Chinese Medicine (TCM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Extraction of Traditional Chinese Medicine (TCM) 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 Extraction of Traditional Chinese Medicine (TCM) 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 Extraction of Traditional Chinese Medicine (TCM) Market Size & Forecast, 2020-2028
4.5.1 Extraction of Traditional Chinese Medicine (TCM) Market Size and Y-o-Y Growth
4.5.2 Extraction of Traditional Chinese Medicine (TCM) 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 Food Grade
5.2.2 Feed Grade
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 Functional Health Care Products
6.2.2 Feed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Extraction of Traditional Chinese Medicine (TCM) 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 Extraction of Traditional Chinese Medicine (TCM) 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 Food Grade
9.6.2 Feed Grade
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 Functional Health Care Products
9.10.2 Feed
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 Food Grade
10.6.2 Feed Grade
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 Functional Health Care Products
10.10.2 Feed
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 Food Grade
11.6.2 Feed Grade
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 Functional Health Care Products
11.10.2 Feed
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 Food Grade
12.6.2 Feed Grade
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 Functional Health Care Products
12.10.2 Feed
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 Food Grade
13.6.2 Feed Grade
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 Functional Health Care Products
13.10.2 Feed
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 Extraction of Traditional Chinese Medicine (TCM) Market: Competitive Dashboard
14.2 Global Extraction of Traditional Chinese Medicine (TCM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tinjoy Healthcare Industrial Group Ltd.
14.3.2 Chengdu iMOS Biotechnology Co., Ltd.
14.3.3 Biomart
14.3.4 Lallemand
14.3.5 Orffa
14.3.6 FUBON
14.3.7 Sensient
14.3.8 Biofeed
14.3.9 Guangdong VTR Bio-Tech Co., Ltd.
14.3.10 Matrix Nutrition
14.3.11 Tinjoy Healthcare Industrial Group Ltd.
