Market Overview:
The global traditional Chinese herbal medicine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of traditional Chinese herbal medicines, rising demand for natural and organic products, and growing popularity of integrative medicine. The global traditional Chinese herbal medicine market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into Chinese herbal medicines, Chinese herbal extracts, and others. The others segment includes products such as essential oils extracted from herbs and other plant-based ingredients used in traditional Chinese medicine preparations. On the basis of application, the market is divided into adult applications and children’s applications. Adult applications include treatments for conditions such as chronic pain relief, arthritis management etc., while children’s applications include treatments for common childhood illnesses such as fever reduction or cough suppression etc.
Product Definition:
Traditional Chinese Herbal Medicine is the oldest form of medicine in the world. It is a complete medical system that has been used for over 3,000 years. Traditional Chinese Herbal Medicine is important because it can help to treat a wide variety of illnesses and health conditions.
Chinese Herbal Medicine:
The Chinese herbal medicines are the traditional medicine, which has been used for thousands of years in China. The herbs that are used to make up these medicinal formulas have been known to the Chinese people for generations. These herbs and their extracts have been extensively studied by modern medicine researchers and they have found many benefits from them.
Chinese Herbal Extract:
The main active ingredients of Chinese herbal extracts include polyphenols, flavonoids, tannins and terpenoids. These are the chemical compounds found in plants that can be used for medical benefits. The most common plant sources of these chemicals include soybean, green tea, wheat germ and corn silk among others.
Application Insights:
Based on the application, the global TCM market is segmented into adult and children. The adult application segment dominated the overall market in 2017 owing to rising geriatric population across the globe. Moreover, increasing incidences of chronic diseases such as cardiovascular diseases (CVDs), cancer, diabetes mellitus etc., are further anticipated to drive demand for traditional Chinese herbal medicines globally over the forecast period. In addition, a rise in disposable income among middle-class population in emerging economies such as India and China will also boost spending on healthcare thereby supporting growth of this industry worldwide.
The children¢â‚¬â„¢s health segment is expected to witness significant growth during future due to increase in infant mortality rate coupled with growing awareness about appropriate healthcare facilities for kids late at night or throughout weekends.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to rising consumer awareness regarding traditional Chinese medicine and increasing disposable income of consumers in emerging economies, such as China and India. In addition, growing medical tourism industry due to availability of affordable treatment options is also expected to boost demand for traditional Chinese herbal medicines over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to high adoption rate of traditional herbs by U.S.-based patients suffering from chronic diseases coupled with presence of well-established healthcare facilities across this region compared with other regions globally (except Asia Pacific).
Growth Factors:
- Increasing awareness of the benefits of Traditional Chinese Herbal Medicine (TCM) among consumers.
- Growing demand for natural and organic products.
- Rising healthcare costs in developed countries are encouraging consumers to seek out more affordable alternatives, such as TCM.
- A growing number of people are interested in traditional remedies and practices as a way to improve their overall health and well-being.
- The increasing popularity of holistic approaches to healthcare is also benefiting the TCM market
Scope Of The Report
Report Attributes
Report Details
Report Title
Traditional Chinese Herbal Medicine Market Research Report
By Type
Chinese Herbal Medicine, Chinese Herbal Extract, Others
By Application
Adult, Children
By Companies
Guangzhou Pharmaceutical, CR SANJIU, TASLY, China TCM, Yunnan Baiyao, Tongrentang, Jumpcan, Zhejiang Conba Pharmaceutical, Green Valley Pharma, Qingfeng Pharmaceutical Group, Buchang Pharmaceutical, Livzon, ZBD Pharmaceutical, Chase Sun Pharmaceutical, Wuzhou Pharmaceutical, Yusheng Pharmaceutical, Harbin Pharmaceutical Group, Fusen Pharmaceutical, Gerun Pharmaceutical, Shineway Pharmaceutical, Yiling Pharmaceutical
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Traditional Chinese Herbal Medicine Market Report Segments:
The global Traditional Chinese Herbal Medicine market is segmented on the basis of:
Types
Chinese Herbal Medicine, Chinese Herbal Extract, 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
Adult, Children
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:
- Guangzhou Pharmaceutical
- CR SANJIU
- TASLY
- China TCM
- Yunnan Baiyao
- Tongrentang
- Jumpcan
- Zhejiang Conba Pharmaceutical
- Green Valley Pharma
- Qingfeng Pharmaceutical Group
- Buchang Pharmaceutical
- Livzon
- ZBD Pharmaceutical
- Chase Sun Pharmaceutical
- Wuzhou Pharmaceutical
- Yusheng Pharmaceutical
- Harbin Pharmaceutical Group
- Fusen Pharmaceutical
- Gerun Pharmaceutical
- Shineway Pharmaceutical
- Yiling Pharmaceutical
Highlights of The Traditional Chinese Herbal Medicine 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:
- Chinese Herbal Medicine
- Chinese Herbal Extract
- Others
- By Application:
- Adult
- Children
- 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 Traditional Chinese Herbal Medicine 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
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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?
Traditional Chinese herbal medicine (TCM) is a system of healing that employs herbs and other natural substances to treat illness. TCM was developed over thousands of years, and its principles are based on the understanding that the body is composed of energy channels called meridians. Disease occurs when these channels become blocked or congested, causing pain and dysfunction. TCM practitioners use various techniques to unblock these channels and restore balance in the body.
Some of the major players in the traditional chinese herbal medicine market are Guangzhou Pharmaceutical, CR SANJIU, TASLY, China TCM, Yunnan Baiyao, Tongrentang, Jumpcan, Zhejiang Conba Pharmaceutical, Green Valley Pharma, Qingfeng Pharmaceutical Group, Buchang Pharmaceutical, Livzon, ZBD Pharmaceutical, Chase Sun Pharmaceutical, Wuzhou Pharmaceutical, Yusheng Pharmaceutical, Harbin Pharmaceutical Group, Fusen Pharmaceutical, Gerun Pharmaceutical, Shineway Pharmaceutical, Yiling Pharmaceutical.
The traditional chinese herbal medicine market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size & Forecast, 2018-2028
4.5.1 Traditional Chinese Herbal Medicine Market Size and Y-o-Y Growth
4.5.2 Traditional Chinese Herbal Medicine Market Absolute $ Opportunity
Chapter 5 Global Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Type
5.2.1 Chinese Herbal Medicine
5.2.2 Chinese Herbal Extract
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Analysis and Forecast
9.1 Introduction
9.2 North America Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Type
9.6.1 Chinese Herbal Medicine
9.6.2 Chinese Herbal Extract
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 Traditional Chinese Herbal Medicine Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Children
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 Traditional Chinese Herbal Medicine Analysis and Forecast
10.1 Introduction
10.2 Europe Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Type
10.6.1 Chinese Herbal Medicine
10.6.2 Chinese Herbal Extract
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 Traditional Chinese Herbal Medicine Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Children
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 Traditional Chinese Herbal Medicine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Type
11.6.1 Chinese Herbal Medicine
11.6.2 Chinese Herbal Extract
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 Traditional Chinese Herbal Medicine Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Children
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 Traditional Chinese Herbal Medicine Analysis and Forecast
12.1 Introduction
12.2 Latin America Traditional Chinese Herbal Medicine 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 Traditional Chinese Herbal Medicine Market Size Forecast by Type
12.6.1 Chinese Herbal Medicine
12.6.2 Chinese Herbal Extract
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 Traditional Chinese Herbal Medicine Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Children
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) Traditional Chinese Herbal Medicine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traditional Chinese Herbal Medicine 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) Traditional Chinese Herbal Medicine Market Size Forecast by Type
13.6.1 Chinese Herbal Medicine
13.6.2 Chinese Herbal Extract
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) Traditional Chinese Herbal Medicine Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Children
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 Traditional Chinese Herbal Medicine Market: Competitive Dashboard
14.2 Global Traditional Chinese Herbal Medicine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Guangzhou Pharmaceutical
14.3.2 CR SANJIU
14.3.3 TASLY
14.3.4 China TCM
14.3.5 Yunnan Baiyao
14.3.6 Tongrentang
14.3.7 Jumpcan
14.3.8 Zhejiang Conba Pharmaceutical
14.3.9 Green Valley Pharma
14.3.10 Qingfeng Pharmaceutical Group
14.3.11 Buchang Pharmaceutical
14.3.12 Livzon
14.3.13 ZBD Pharmaceutical
14.3.14 Chase Sun Pharmaceutical
14.3.15 Wuzhou Pharmaceutical
14.3.16 Yusheng Pharmaceutical
14.3.17 Harbin Pharmaceutical Group
14.3.18 Fusen Pharmaceutical
14.3.19 Gerun Pharmaceutical
14.3.20 Shineway Pharmaceutical
14.3.21 Yiling Pharmaceutical
