Traditional Chinese Medicine for Skincare Market
Traditional Chinese Medicine for Skincare Market Analysis By Product (Traditional Chinese Herbal Medicines, Diet Therapy), By Application (Eczema, Psoriasis, Acne, Hyperpigmentation) & By Region - Global Market Insights 2021 to 2031
Analysis of Traditional Chinese Medicine for Skincare market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Traditional Chinese Medicine for Skincare Market Outlook (2021 to 2031)
The global traditional Chinese medicine for skincare market is growing steadily due to the rising demand for various Chinese herbal medicines, acupuncture, and diet therapy, around the world.
Additionally, rise in cases of various skin-related problems such as acne, hyperpigmentation, and others is catering to industry growth. There is particularly noteworthy demand for these medicines for body care and face care, besides others.
The latest report on traditional Chinese medicine for skincare by Fact.MR provides a thorough analysis of the global industry, demand-supply trajectories, growth & restraining factors, and new trends for the forecast period of 2021 to 2031.
According to the report, the global industry will surpass US$ 7 billion in valuation by 2031, while North America, Europe, and Asia Pacific will emerge leading regions during the forecast period.
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Historical Vs. Future Outlook on Traditional Chinese Medicine for Skincare
The traditional Chinese medicine market for skincare grew steadily over the past years with technical advancements in manufacturing units and increase in application in treating various skin diseases such as eczema, psoriasis, and others.
Furthermore, key industry players brought in a flurry of inventions in various types of body care, face care, and other Chinese herbal medicines, which further fueled sales during the last 5 years from 2016 to 2020.
Growing requirement for acupuncture, diet therapy, and other traditional Chinese medicines for skincare is boosting demand for traditional Chinese medicine for skincare around the globe.
Despite getting battered due to the onset of the COVID-19 pandemic and its second wave, the industry has potential to expand further with steady demand from pharmaceutical, personal care, and other sectors. According to Fact.MR, the global traditional Chinese medicine for skincare market is expected to experience a moderate growth rate through 2031.
How is Growing Number of Cases Related to Skin Issues Fueling Sales?
Traditional Chinese medicine for skincare is an integral part of the treatment for various skin-related problems such as acne, hyperpigmentation, psoriasis, and others. With rise in the number of cases of skin diseases, suppliers of traditional Chinese medicine for skincare are set to come across lucrative growth scope over the coming years.
According to a report titled “Skin Conditions by the Numbers”, published by the American Academy of Dermatology, acne is the most common skin condition in the United States, affecting up to 50 million Americans annually. As stated in a report published by the NCBI in 2018, prevalence rate of acne in women is nearly 50.9%, globally. This, in turn, is aiding in demand growth of traditional Chinese medicine for skincare across the world.
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What are the Key Challenges Faced by Traditional Chinese Medicine for Skincare Manufacturers?
There are a few restraining factors that often work as challenges for traditional Chinese medicine for skincare manufacturers around the world, such as-
- Process cycle of traditional Chinese medicine for skincare is quite complex
- Development of traditional Chinese medicine for skincare is costly
- Many product types such as acupuncture, diet therapy, and others are yet to become popular among people
However, overall advantages of traditional Chinese medicine for skincare outpace these few constraints, and manufacturers are giving their best efforts in order to minimize these negative sides and excel further.
Country-Wise Analysis
What’s Driving Sales of Traditional Chinese Medicine for Skincare in the United States?
The United States is leading in North America as far as demand for traditional Chinese medicine for skincare is concerned, and is expected to remain dominant throughout the forecast period. Highly advanced manufacturing sectors and rise in application in various skin diseases are fuelling sales in the country.
As stated in a report published by the American Academy of Dermatology, in the U.S., approximately 85% of people between the ages of 12 and 24 experience minor acne at least once. According to the report, in the U.S., 1 in 10 people are likely to develop atopic dermatitis during their life time. No doubt that suppliers are targeting the U.S. in order to increase their sales footprint.
How Lucrative is Germany for Traditional Chinese Skincare Medicine Suppliers?
Germany is the epicenter of Europe’s market for traditional Chinese medicine for skincare, and is expected to maintain its lead through 2031. Rise in R&D activities and increase in application in diverse segments such as eczema, hyperpigmentation, and acne, to name a few, are bolstering market growth in Germany.
As stated in a report published by the NCBI, eczema, hyperpigmentation, and acne are some of the most prevalent skin issues, while increase in concerns among people are compelling them to spend significant amounts in order to treat such disease. According to the report, atopic eczema is one of the most common skin diseases in Germany, with an estimated economic burden of EUR 1.2 - 3.5 billion yearly. This explains why manufacturers are targeting Germany to raise their profit margins further.
Will Popularity of Ancient Traditions Lead to High Sales of Skincare Medicines in China?
Backed by advanced manufacturing units and increasing awareness regarding various skin diseases, China is the hotspot for traditional Chinese medicine for skincare manufacturers, and is likely to remain dominant in the near future.
According to a report published by the World Health Organization (WHO), skin disease deaths in China reached 7,365 or 0.08% of total deaths as in 2018.
As stated in the report, age-adjusted death rates due to skin diseases in China is 0.46 per 100,000 of population, making China rank 150 in the world. As more people are becoming concerned regarding this, the growth scope for traditional Chinese medicine suppliers is widening further in China.
How Will India Fare in Traditional Chinese Medicine for Skincare Sales?
India has been in the limelight in Asia Pacific for traditional Chinese medicine for skincare since the past decade, and is anticipated to sustain its position throughout the forecast period. Abundance of raw materials, growing demand from pharmaceutical sector, and high prevalence of skin diseases are surging demand in the country.
According to the India Brand Equity Foundation (IBEF) report, India is the largest provider of generic drugs globally, while the Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S., and 25% of all medicines in the U.K. This gives a glimpse of the growing opportunities for traditional Chinese medicine for skincare suppliers in India.
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Category-Wise Insights
Which Traditional Chinese Medicine for Skincare is the Most Sought-After?
Presently, Chinese herbal medicines are the most sought-after in terms of product, and are expected to remain dominant through 2031 owing to their various advantages, such as-
- Availability in wide variety such as body care, face care, and hand & foot care
- Effective in treating wide variety of skin problems, starting from acne to hyperpigmentation
- Cost-effective
- Less side-effects
Other key segments in terms of product that are bolstering market growth are acupuncture, diet therapy, and others.
Competitive Landscape
With the competition getting stricter, traditional Chinese medicine for skincare manufacturers are launching more diverse products.
For instance,
- Eu Yan Sang recently launched its new range of herbal foot soak, facial acupuncture, and others.
- Solstice Medicine Company, Inc. launched is new advanced range of Chinese pain relief treatment solutions, Chinese herbal antifungal medicines, and others, a couple of years back.
Report Scope
| Attribute | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product, Application, Region |
| Key Companies Profiled | Integrated Chinese Medicine Holdings Ltd., Shanghai Jahwa United Co., Ltd., Solstice Medicine Company, Inc., Yuannan Baiyao, The Mentholatum Company, Eu Yan Sang |
| Report Coverage | Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Market Segmentation by Category
-
By Product
- Traditional Chinese Herbal Medicines
- For Body Care
- For Face Care
- For Foot & Hand Care
- Traditional Chinese Herbal Medicines for Acupuncture
- Diet Therapy
- Traditional Chinese Herbal Medicines
-
By Application:
- Eczema
- Psoriasis
- Acne
- Hyperpigmentation
- Others
-
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Table of Content
- 1. Preface
- 2. Assumptions and Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Outlook
- 6. Global Traditional Chinese Medicine for Skincare Market Analysis, by Product
- 6.1. Chinese Herbal Medicine
- 6.1.1. Bodycare
- 6.1.2. Facecare
- 6.1.3. Foot & Hand Care
- 6.2. Acupuncture
- 6.3. Diet Therapy
- 6.1. Chinese Herbal Medicine
- 7. Global Traditional Chinese Medicine for Skincare Market Analysis, by Application
- 7.1. Eczema
- 7.2. Psoriasis
- 7.3. Acne
- 7.4. Hyperpigmentation
- 7.5. Others
- 8. Global Traditional Chinese Medicine for Skincare Market Analysis, by Region
- 8.1. North America
- 8.2. Europe
- 8.3. Asia Pacific
- 8.4. Latin America
- 8.5. Middle East & Africa
- 9. North America Traditional Chinese Medicine for Skincare Market Analysis
- 10. Europe Traditional Chinese Medicine for Skincare Market Analysis
- 11. Asia Pacific Traditional Chinese Medicine for Skincare Market Analysis
- 12. Latin America Traditional Chinese Medicine for Skincare Market Analysis
- 13. Middle East & Africa Traditional Chinese Medicine for Skincare Market Analysis
- 14. Competition Landscape
- 14.1. Integrated Chinese Medicine Holdings Ltd.
- 14.2. Shanghai Jahwa United Co., Ltd.
- 14.3. Solstice Medicine Company, Inc.
- 14.4. Yuannan Baiyao
- 14.5. The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.)
- 14.6. Eu Yan Sang
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List Of Table
Table 01: Global Traditional Chinese Medicine for Skincare Market
Table 02: 2021A Total Revenue
Table 03: 2030F Total Revenue
Table 04: Trends: Rapidly growing use of Natural products for skin care
Table 05: Trends: Increasing focus on strong social media and e-commerce is key for market penetration
Table 06: Executive Summary
Table 07: Market Overview
Table 08: Pricing (US$), Pechoin Brand
Table 09: Pricing (US$), Kans Brand
Table 10: Pricing (US$), Herborist Brand
Table 11: Pricing (US$), Inoherb
Table 12: Pricing (US$), Yue Sai
Table 13: Key Industry Events
Table 14: Impact of COVID-19 Pandemic
Table 15: Global Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 16: Global Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2016-2031
Table 17: Global Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 18: Global Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Region , 2016-2031
Table 19: North America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 20: North America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2016-2031
Table 21: North America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 22: North America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Country, 2016-2031
Table 23: Europe Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 24: Europe Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2020
Table 25: Europe Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 26: Europe Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Country/Sub-segment, 2016-2031
Table 27: Asia Pacific Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 28: Asia Pacific Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2016-2031
Table 29: Asia Pacific Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 30: Asia Pacific Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Country/Sub-segment, 2016-2031
Table 31: Latin America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 32: Latin America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2016-2031
Table 33: Latin America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 34: Latin America Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Country, 2016-2031
Table 35: Middle East & Africa Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Product, 2016-2031
Table 36: Middle East & Africa Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Chinese Herbal Medicine, 2016-2031
Table 37: Middle East & Africa Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Application, 2016-2031
Table 38: Middle East & Africa Traditional Chinese Medicine for Skincare Market Value (US$ Mn) Forecast, by Country/Sub-segment, 2016-2031
Table 39: Integrated Chinese Medicine Holdings Ltd.: Business Overview
Table 40: Integrated Chinese Medicine Holdings Ltd.: Strategic Overview
Table 41: Shanghai Jahwa United Co., Ltd.: Business Overview
Table 42: Shanghai Jahwa United Co., Ltd.: Strategic Overview
Table 43: Solstice Medicine Company, Inc.: Business Overview
Table 44: Yuannan Baiyao: Business Overview
Table 45: Yuannan Baiyao: Strategic Overview
Table 46: The Mentholatum Company: Business Overview
Table 47: The Mentholatum Company: Strategic Overview
Table 48: Eu Yan Sang: Business Overview
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List Of Figures
Figure 01: % CAGR (2021–2031)
Figure 02: Drivers
Figure 03: Global Market - Drivers (1)
Figure 04: Global Market - Drivers (2)
Figure 05: Restraints
Figure 06: Opportunities
Figure 07: Market share of Brands in Traditional Chinese Medicine for skin care
Figure 08: COVID-19 Pandemics Short- / Mid- / Long-term Impact on Market
Figure 09: Introduction-Global Market, by Product (1/4)
Figure 10: Introduction-Global Market, by Product (2/4)
Figure 11: Global Market Value Share Analysis, by Product, 2021 and 2031
Figure 12: Global Market Value (US$ Mn), by Chinese Herbal Medicine, 2016-2031
Figure 13: Global Market Value (US$ Mn), by Acupuncture, 2016-2031
Figure 14: Global Market Value (US$ Mn), by Diet Therapy, 2016-2031
Figure 15: Global Market Attractiveness Analysis, by Product, 2021–2031
Figure 16: Introduction-Global Market Analysis, by Application (1/4)
Figure 17: Introduction-Global Market Analysis, by Application (2/4)
Figure 18: Introduction -Global Market Analysis, by Application (3/4)
Figure 19: Introduction -Global Market Analysis, by Application (4/4)
Figure 20: Global Market Value Share Analysis, by Application, 2021 and 2031
Figure 21: Global Market Value (US$ Mn), by Eczema, 2016-2031
Figure 22: Global Market Value (US$ Mn), by Psoriasis, 2016-2031
Figure 23: Global Market Value (US$ Mn), by Acne, 2016-2031
Figure 24: Global Market Value (US$ Mn), by Hyperpigmentation, 2016-2031
Figure 25: Global Market Value (US$ Mn), by Others, 2016-2031
Figure 26: Global Market Attractiveness Analysis, by Application, 2021–2031
Figure 27: Global Market Analysis, by Region
Figure 28: Global Market Value Share Analysis, by Region, 2021 and 2031
Figure 29: Global Market Analysis, by Region Attractive Analysis
Figure 30: North America Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016-2031
Figure 31: North America Market Value Share (%), by Product, 2021 and 2031
Figure 32: North America Market Attractiveness Analysis, by Product, 2021–2031
Figure 33: North America Market Value Share Analysis, by Application, 2021 and 2031
Figure 34: North America Market Attractiveness Analysis, by Application, 2021–2031
Figure 35: Europe Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016-2031
Figure 36: Europe Market Value Share (%), by Product, 2021 and 2031
Figure 37: Europe Market Attractiveness Analysis, by Product, 2021–2031
Figure 38: Europe Market Value Share Analysis, by Application, 2021 and 2031
Figure 39: Europe Market Attractiveness Analysis, by Application, 2020
Figure 40: Asia Pacific Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016-2031
Figure 41: Asia Pacific Market Value Share (%), by Product, 2021 and 2031
Figure 42: Asia Pacific Market Attractiveness Analysis, by Product, 2021–2031
Figure 43: Asia Pacific Market Value Share Analysis, by Application, 2021 and 2031
Figure 44: Asia Pacific Market Attractiveness Analysis, by Application, 2021–2031
Figure 45: Latin America Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016-2031
Figure 46: Latin America Market Value Share (%), by Product, 2021 and 2031
Figure 47: Latin America Market Attractiveness Analysis, by Product, 2021–2031
Figure 48: Latin America. Market Value Share Analysis, by Application, 2021 and 2031
Figure 49: Latin America Market Attractiveness Analysis, by Application, 2021–2031
Figure 50: Middle East & Africa Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016-2031
Figure 51: Middle East & Africa Market Value Share (%), by Product, 2021 and 2031
Figure 52: Middle East & Africa Market Attractiveness Analysis, by Product, 2021–2031
Figure 53: Middle East & Africa Market Value Share Analysis, by Application, 2021 and 2031
Figure 54: Middle East & Africa Market Attractiveness Analysis, by Application, 2021–2031
Figure 55: Integrated Chinese Medicine Holdings Ltd. Value (US$ Mn) and Y-o-Y Growth (%), 2016–2021
Figure 56: Integrated Chinese Medicine Holdings Ltd. Breakdown of Net Sales (%), by Region/Country, 2021
Figure 57: Integrated Chinese Medicine Holdings Ltd. Breakdown of Net Sales (%), by Business Segment, 2021
Figure 58: Integrated Chinese Medicine Holdings Ltd. R&D Expenses (US$ Mn) and Y-o-Y Growth (%), 2016–2021
Figure 59: Integrated Chinese Medicine Holdings - Strengths
Figure 60: Integrated Chinese Medicine Holdings - Weaknesses
Figure 61: Integrated Chinese Medicine Holdings - Threats
Figure 62: Integrated Chinese Medicine Holdings - Opportunities
Figure 63: Shanghai Jahwa United Co., Ltd. - Strengths
Figure 64: Shanghai Jahwa United Co., Ltd. - Weaknesses
Figure 65: Shanghai Jahwa United Co., Ltd. - Threats
Figure 66: Solstice Medicine Company, Inc. - Strengths
Figure 67: Solstice Medicine Company, Inc. - Weaknesses
Figure 68: Solstice Medicine Company, Inc. - Threats
Figure 69: Solstice Medicine Company, Inc. - Opportunities
Figure 70: Yuannan Baiyao , Inc. - Strengths
Figure 71: Yuannan Baiyao - Weaknesses
Figure 72: Yuannan Baiyao - Threats
Figure 73: Yuannan Baiyao - Opportunities
Figure 74: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) Value (US$ Mn) and Y-o-Y Growth (%), 2016–2021
Figure 75: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) Breakdown of Net Sales (%), by Region/Country, 2021
Figure 76: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) Breakdown of Net Sales (%), by Business Segment, 2021
Figure 77: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) R&D Expenses (US$ Mn) and Y-o-Y Growth (%), 2016–2021
Figure 78: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) - Strengths
Figure 79: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) - Weaknesses
Figure 80: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) - Threats
Figure 81: The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.) - Opportunities
Figure 82: Eu Yan Sang - Strengths
Figure 83: Eu Yan Sang - Weaknesses
Figure 84: Eu Yan Sang - Threats
Figure 85: Eu Yan Sang - Opportunities
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which are the top companies providing traditional Chinese medicine for skincare?
Some of the top companies manufacturing traditional Chinese medicine for skincare are Integrated Chinese Medicine Holdings Ltd., Shanghai Jahwa United Co., Ltd., and Solstice Medicine Company, Inc.
Which are some of the lucrative markets for traditional Chinese medicine for skincare?
The United States, Germany, the United Kingdom, India, Japan, China, Canada, France, Italy, and a few others are lucrative markets for traditional Chinese medicine for skincare, and are expected to dominate throughout the forecast period.
Which product accounts for high sales of traditional Chinese medicine for skincare?
Presently, Chinese herbal medicines are the most lucrative in terms of product, and are expected to remain dominant over the forecast period of 2021 to 2031.
Which application accounts for high demand for traditional Chinese medicine for skincare?
Presently, eczema and psoriasis account for high demand for traditional Chinese skincare medicine, and are predicted to sustain their position throughout the forecast period.
Traditional Chinese Medicine for Skincare Market