Liquid Soaps, Handwash Aid in Business Continuity amid Coronavirus Outbreak

Like every business, even skincare has experienced a slump in economic activities due to the coronavirus outbreak. Hence, manufacturers in the traditional Chinese medicine for skincare market are scurrying to produce liquid soaps and handwash that have become an essential products for individuals amid the ongoing pandemic. Recommendations by the CDC (Centers for Disease Control and Prevention) and other organizations over handwashing are catching the attention of people.

Manufacturers in the traditional Chinese medicine for skincare market may expect trade shows and promotional events to surge in 2021. They should tap into opportunities online to conduct virtual events that can be far more cost efficient and boost product sales via eCommerce. Skincare companies are adapting to remote working strategies to maintain business continuity.

Request a sample to get extensive insights into the Traditional Chinese Medicine for Skincare Market 

Acupuncture Helps Minimize Facial Acne by Solving Hormonal Imbalance

Acupuncture is associated with feeling energized and can be used in conjunction existing medical plans to improve one’s skin. However, its drawbacks such as the possibility of infection and improper placement leading to pain are restricting its adoption. Hence, companies in the traditional Chinese medicine for skincare market are increasing awareness about the dermatologist’s consultation before trying acupuncture.

Facial acupuncture is found to help acne by addressing underlying conditions such as hormonal imbalances. Acupuncture and wellness studios in the traditional Chinese medicine for skincare market are increasing the availability of the treatment to improve digestion and hormonal imbalance of individuals in order to minimize acne.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Use of TCM in Botanical Drug Development to Treat Eczema

Traditional Chinese medicine (TCM) has the potential to be safe and effective therapy for eczema and food allergy. Manufacturers are increasing their R&D in the botanical drug development and its mechanisms to broaden their revenue streams. Stakeholders in the traditional Chinese medicine for skincare market are increasing the availability of acupuncture, which helps to reduce skin itching and basophil activation in atopic dermatitis.

The triple TCM therapy is being publicized in the form of bath products, creams, and ingestible medications to improve skin lesions, itching, and sleep loss in patients. Companies in the traditional Chinese medicine for skincare market are innovating in new emollient formulations to treat topical eczema. This is evident since the market is predicted to advance at a robust CAGR of ~8% during the forecast period.

Cost-efficient Chinese Herbal Bath Alleviates Symptoms of Psoriasis

The traditional Chinese medicine for skincare market is projected to reach US$ 7.3 Bn by the end of 2030. Chinese herbal bath is gaining visibility for the treatment of psoriasis in order to improve external skin lesions and regulate immune responses. This herbal bath is being combined with other therapies to show better outcomes in patients suffering from psoriasis vulgaris.

As compared to chemical and biological therapies, TCM is emerging as a cost efficient and relatively safe alternative in curing psoriasis. Hence, dermatology clinics and wellness centers in the traditional Chinese medicine for skincare market are increasing the availability for Chinese herbal bath, since it boosts the penetration and absorption of volatile substances, vitamins, and TCM components.

TCM Herbs Help Reverse Signs of Skin Wrinkles, Hyperpigmentation

TCM herbs such as Bei Qi, Huang Qi, and Goji are gaining popularity for the treatment of various skin conditions. Brands in the traditional Chinese medicine for skincare market including East West Chinese Medicines are being publicized in the west for treating skin ailments such as hyperpigmentation. Huang Qi is being used by companies to manufacture products that rejuvenate dull or tired skin.

Consumer requirements for anti-wrinkle and anti-dark circles products are translating into value grab opportunities for stakeholders and startups in the traditional Chinese medicine for skincare market. Manufacturers are broadening their production capabilities in herbal teas that help to keep skin hydrated, reduce inflammation, and reverse signs on skin damage caused by free radicals in the environment.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Traditional Chinese Medicine for Skincare Market 

Analysts’ Viewpoint

Since individuals are reluctant to visit salons and wellness centers due to the ongoing COVID-19 outbreak, manufacturers in the traditional Chinese medicine for skincare market should strengthen their supply chains via eCommerce. TCM skincare products have the potential to alleviate several skin ailments such as hyperpigmentation. However, these products might not be ideal for pregnant and breastfeeding women. Hence, companies should strategically target their products toward the right target audience to boost product uptake and reduce adverse events in individuals. They should gain a strong research base in developing personal care devices such as rollers, which help to reduce puffiness and restore a vibrant skin tone as a result of use of TCM herbs.

Traditional Chinese Medicine for Skincare Market: Overview

  • Traditional Chinese medicine is a subset of traditional medicine in China. TCM is based on the Compendium of Materia Medica and Huangdi Neijing. The discipline comprises various types of herbal medicine, acupuncture, cup therapy, gua sha, massage, bone setter, qigong, and nutritional therapy.
  • Different types of Chinese medicinal herb powder used in skincare include pearl powder, green tea, saffron, ginseng, and others
  • The global traditional Chinese medicine for skincare market has experienced significant growth over the past decade due to rise in popularity of traditional Chinese medicines
  • Different types of traditional Chinese medicines are used in the treatment of eczema, acne, hypopigmentation, psoriasis, and others

Traditional Chinese Medicine for Skincare: Market Drivers

  • Rise in popularity of traditional Chinese ingredients drives demand for traditional Chinese medicine for skincare. TCM-based cosmetics are currently gaining popularity among youth. "Natural," "green," "clean" – these terms are commonly used by China-based influencers and KOLs to encourage "green beauty" on social media in the country.
  • Increase in demand for natural ingredient containing skincare products is likely to boost the growth of the market. According to a study, around 54% of Gen-Z customers claim that they value plant-based skincare when asked about skincare principles.
  • Expansion of traditional Chinese medicine portfolio by key companies boosts the approval and launch of innovative traditional Chinese medicine for skincare. In October 2019, the U.S.-based skincare brand Drunk Elephant was launched at Sephora in Hong Kong in order to target more number of customers using Chinese natural medicines for skincare.

Market Segmentation: Traditional Chinese Medicine for Skincare Market

  • In terms of product type, the global traditional Chinese medicine for skincare market has been classified into Chinese herbal medicine, acupuncture, and diet therapy. The Chinese herbal medicine segment has been split into bodycare, face care, and foot & hand care. The Chinese herbal medicine segment is anticipated to dominate the global traditional Chinese medicine for skincare market during the forecast period.
  • Based on application, the global traditional Chinese medicine for skincare market has been categorized into eczema, psoriasis, acne, hyperpigmentation, and others. The acne segment dominated the global traditional Chinese medicine for skincare market in terms of revenue in 2019.
  • Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The report provides current and expected revenue (US$ Mn) for each of these segments from 2018 to 2030, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2030, along with market size estimations.

Regional Overview: Traditional Chinese Medicine for Skincare Market

  • In terms of region, the global traditional Chinese medicine for skincare market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
  • The current and expected market revenue (US$ Mn) of these regional markets and their major countries have been provided in the report from 2018 to 2030, with their CAGRs from 2020 to 2030
  • The study also offers a list of recommendations, highlights, and useful insights of the global traditional Chinese medicine for skincare market, which would help new companies willing to enter the market and existing companies to increase market shares, and in the decision-making process

Traditional Chinese Medicine for Skincare Market: Major Players

  • The traditional Chinese medicine for skincare market report concludes with the company profiles section, which includes key information about major players in the global traditional Chinese medicine for skincare market
  • Leading players analyzed in the traditional Chinese medicine for skincare market report include
    • Shen-Nong Limited (Integrated Chinese Medicine Holding Ltd)
    • Jahwa, Solstice Medicine Company, Inc.
    • Yuannan Baiyao
    • The Mentholatum Company
    • Eu Yan Sang
  • Each of these players has been profiled in the traditional Chinese medicine for skincare market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Traditional Chinese Medicine for Skincare Market – Scope of the Report

TMR’s report on the global traditional Chinese medicine for skincare market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators for the market during the forecast period from 2020 to 2030. The report provides revenue of the global traditional Chinese medicine for skincare market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global traditional Chinese medicine for skincare market from 2020 to 2030.

The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the traditional Chinese medicine for skincare market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the traditional Chinese medicine for skincare market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global traditional Chinese medicine for skincare market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global traditional Chinese medicine for skincare market.

The report delves into the competition landscape of the global traditional Chinese medicine for skincare market. Key players operating in the global traditional Chinese medicine for skincare market are identified and each one of these is profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global traditional Chinese medicine for skincare market profiled in this report.

Key Questions Answered in Traditional Chinese Medicine for Skincare Market Report

  1. What is the sales/revenue generated by traditional Chinese medicine for skincare across all regions during the forecast period?
  2. What are the opportunities in the global traditional Chinese medicine for skincare market?
  3. What are the major drivers, restraints, opportunities, and threats in the market?
  4. Which regional market is set to expand at the fastest CAGR during the forecast period?
  5. Which product type segment is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
  6. What are the market positions of different companies operating in the global market?

Traditional Chinese Medicine for Skincare Market – Research Objectives and Research Approach

The comprehensive report on the global traditional Chinese medicine for skincare market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller one. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global traditional Chinese medicine for skincare market in terms of product type, application, and region. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global traditional Chinese medicine for skincare market.

Traditional Chinese Medicine for Skincare Market – Segmentation

TMR’s study on the global traditional Chinese medicine for skincare market includes information divided into four segments: product type, application, and region. Changing industry trends and other crucial market dynamics associated with these segments of the global traditional Chinese medicine for skincare market are discussed in detail.

Product Type

  • Chinese Herbal Medicine
    • Bodycare
    • Face Care
    • Foot & Hand Care
  • Acupuncture
  • Diet Therapy

Application

  • Eczema
  • Psoriasis
  • Acne
  • Hyperpigmentation
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Traditional Chinese Medicine For Skincare Market

Buy Now