Traditional Chinese Herbal Medicine for Face-care Market: Introduction

According to the report, thetraditional Chinese herbal medicine for face-care marketin Asia Pacific was valued at US$569.29Mn in 2020 and is projected to expand at a CAGR of7.1%from 2021 to 2031. Traditional Chinese Herbal Medicine (TCHM) is part of a larger healing system called Traditional Chinese Medicine. Herbs are prescribed to restore energy balance to the opposing forces of energy Yin and Yang that run through invisible channels in the body. Rise in entry of pharmaceutical companies and increase in the geriatric population are anticipated to drive the traditional Chinese herbal medicine for face-care market in Asia Pacific.

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China held major share of the traditional Chinese herbal medicine for face-care market in Asia Pacific in 2020 due to rise in awareness among people and increase in the geriatric population. The market in India is likely to expand at a high CAGR of 9.1% from 2021 to 2031. Rise in adoption of traditional Chinese herbal medicine for face-care in India and other countries in Southeast Asia is projected to fuel the growth of the market in Asia Pacific from 2021 to 2031.

Others Segment Dominated Global Market

In terms of benefit, the traditional Chinese herbal medicine for face-care market in Asia Pacific has been classified into anti-aging, brightening (whitening), firming, reducing fine lines, anti-oxidation, hydration, sensitive skin (anti-acne, anti-irritation), and others. The others segment dominated the traditional Chinese herbal medicine for face-care market in Asia Pacific in 2020.

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China to Lead Asia Pacific Market; India to Offer Significant Opportunities

In terms of country, the traditional Chinese herbal medicine for face-care market in Asia Pacific has been segmented into China, South Korea, Japan, India, Thailand, Indonesia, and Rest of Asia Pacific. China is anticipated to account for leading share of the traditional Chinese herbal medicine for face-care market in Asia Pacific during the forecast period. The market in India is expected to grow at a rapid pace in the near future.

Growth Strategies of Key Players

Key players operating in the traditional Chinese herbal medicine for face-care market in Asia Pacific are Eu Yan Sang, Integrated Chinese Medicine Holdings Ltd., Shanghai Jahwa United Co., Ltd, Solstice Medicine Company, Inc., The Mentholatum Company (ROHTO Pharmaceutical Co., Ltd.), and Yunnan Baiyao Group Co., Ltd. The traditional Chinese herbal medicine for face-care market in Asia Pacific is fragmented due to the presence of large number of international and local players.

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Asia Pacific Traditional Chinese Herbal Medicine for Face-care Market: Segmentation

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Traditional Chinese Herbal Medicine For Face-Care Market To Surpass Valuation Of US$ 1.1 Bn By 2031, Increase in Generic Population to Drive the...