Global Extraction of Traditional Chinese Medicine (TCM) Market Growth (Status and Outlook) 2023-2029

Global Extraction of Traditional Chinese Medicine (TCM) Market Growth (Status and Outlook) 2023-2029

The chemical composition of traditional Chinese medicine is very complicated, including various active ingredients, ineffective ingredients and toxic ingredients.It is an important content in the research field of traditional Chinese medicine to extract the active components and further isolate and purify the effective monomer.The extraction of traditional Chinese medicine is to use some techniques to extract the effective ingredients to the maximum extent, so as to improve the internal quality and clinical therapeutic effect of traditional Chinese medicine preparations and maximize the effect of traditional Chinese medicine.The United States is the world's largest sales region for traditional Chinese medicine extraction, accounting for about 47% of sales in 2016, while Europe ranks second with 27%.China's domestic applications are mainly concentrated in the field of health food, including a variety of dosage forms, capsules, tablets, oral solutions, health wine, etc. Most of the overseas applications are in the development and use of herbal medicine, and there is a trend to gradually expand the use of dietary supplements, cosmetics, health tobacco manufacturing, feed additives, etc.
LPI (LP Information)' newest research report, the “Extraction of Traditional Chinese Medicine (TCM) Industry Forecast” looks at past sales and reviews total world Extraction of Traditional Chinese Medicine (TCM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Extraction of Traditional Chinese Medicine (TCM) sales for 2023 through 2029. With Extraction of Traditional Chinese Medicine (TCM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Extraction of Traditional Chinese Medicine (TCM) industry.
This Insight Report provides a comprehensive analysis of the global Extraction of Traditional Chinese Medicine (TCM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Extraction of Traditional Chinese Medicine (TCM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Extraction of Traditional Chinese Medicine (TCM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Extraction of Traditional Chinese Medicine (TCM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Extraction of Traditional Chinese Medicine (TCM).
The global Extraction of Traditional Chinese Medicine (TCM) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
Global Extraction of Traditional Chinese Medicine (TCM) key players include Welld, Naturexchina, CCGB, Pharmachem Laboratories, etc.
United States is the largest market, with a share over 45%, followed by China, and Europe, both have a share about 40 percent.
In terms of product, Powder is the largest segment, with a share over 60%. And in terms of application, the largest application is Medicines and Health Care Products, followed by Food Additive, Cosmetics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Extraction of Traditional Chinese Medicine (TCM) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Powder
Liquid
Segmentation by application
Medicines and Health Care Products
Food Additive
Cosmetics
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Welld
Naturexchina
CCGB
Pharmachem Laboratories
Tsumura＆Co
Indena
BGG
PureCircle
Layn Natural Ingredients
Euromed
Fanzhi Pharmaceutical
Conbagroup
Yangling Dailyhealth Bio-Engineering Technology Co., Ltd.
BI Nutraceuticals
DÖHLER
Tianjin Jlanfeng Natural Product R&D Co, Ltd.
GLG
Shanghai Novanat Co.,Ltd.

Please note: The report will take approximately 2 business days to prepare and deliver.