Extraction of Traditional Chinese Medicine (TCM) Market, Global Outlook and Forecast 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.
This report aims to provide a comprehensive presentation of the global market for Extraction of Traditional Chinese Medicine (TCM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Extraction of Traditional Chinese Medicine (TCM). This report contains market size and forecasts of Extraction of Traditional Chinese Medicine (TCM) in global, including the following market information:
Global Extraction of Traditional Chinese Medicine (TCM) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Extraction of Traditional Chinese Medicine (TCM) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Extraction of Traditional Chinese Medicine (TCM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Extraction of Traditional Chinese Medicine (TCM) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Extraction of Traditional Chinese Medicine (TCM) Market Segment Percentages, by Type, 2022 (%)
    Powder
    Liquid
Global Extraction of Traditional Chinese Medicine (TCM) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Extraction of Traditional Chinese Medicine (TCM) Market Segment Percentages, by Application, 2022 (%)
    Medicines and Health Care Products
    Food Additive
    Cosmetics
    Other
Global Extraction of Traditional Chinese Medicine (TCM) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Extraction of Traditional Chinese Medicine (TCM) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Extraction of Traditional Chinese Medicine (TCM) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Extraction of Traditional Chinese Medicine (TCM) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    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
    D�HLER
    Tianjin Jlanfeng Natural Product R&D Co, Ltd.
    GLG
    Shanghai Novanat Co.,Ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Extraction of Traditional Chinese Medicine (TCM), market overview.
Chapter 2: Global Extraction of Traditional Chinese Medicine (TCM) market size in revenue.
Chapter 3: Detailed analysis of Extraction of Traditional Chinese Medicine (TCM) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Extraction of Traditional Chinese Medicine (TCM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.