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According to the international medical statistics annual report by PhytoPharm Consulting, the global market for botanical medicines, traditional Chinese herbal medicines, and herbal preparations reached $22.4 billion in 2002, increased to $23 billion in 2003, and is growing at a rate of 10-12% annually. It is projected to surpass $26 billion in 2005, and by 2006, the global output value of botanical and traditional Chinese herbal medicines is expected to exceed $35 billion.
According to analysis by Business Communications Company, the global sales of botanical and traditional Chinese herbal products in 2002 were approximately $13.7 billion, an increase of $800 million from 2001, with an annual growth rate of about 6.2%.
The global market for plant-derived drugs was $18 billion in 2005 and about $19 billion in 2006. With an average annual growth rate of 6.4-6.6%, the global sales of botanical and traditional Chinese herbal medicines are expected to reach $18.8 billion in 2007. The global market is anticipated to reach $26 billion by 2011.
Nearly 130 countries worldwide use botanical or traditional Chinese herbal products.
Statistics show that nearly 130 countries worldwide use botanical or traditional Chinese herbal products, and 124 countries have research institutions focused on traditional Chinese herbal medicine.
Therefore, when discussing the future trends of health foods, many experts agree that traditional Chinese herbal health foods hold a significant strategic position.
From the global perspective of the traditional Chinese herbal market, Europe is the largest market for botanical and traditional Chinese herbal medicines, accounting for almost 35% of the global market, with an annual market size of about $23.3 billion. This is followed by the Asia region (including Australia, Africa, and the Middle East), which accounts for about 28% of the global market value, amounting to $6.56 billion.
The Americas market (including the US, Canada, and Mexico) is about $5.43 billion, accounting for 23% of the global market. Other regions account for 14% (about $300 million). China, Japan, South Korea, Germany, and the US are currently the most vibrant and high-demand regions for traditional Chinese and botanical medicines globally.
Notably, Asia and the Americas are the fastest-growing regions in the global traditional Chinese and botanical medicine markets, with the US market growing at a rate of 10-16%.
Over 4 billion people worldwide have used traditional Chinese health foods.
According to Business Communications Company statistics, in 2004, the Americas accounted for 40-50% of the global traditional Chinese and botanical medicine market, with an annual growth rate of 7.5%, significantly higher than the 5.3% in other regions.
It is estimated that currently, more than three-quarters of the world's population, over 4 billion people, have tried traditional Chinese and botanical medicines for disease prevention and treatment.
In the US, 34% of the population has used "alternative therapies" outside of conventional medicine, and more than 40% of the population is willing to try traditional Chinese and herbal health foods.In Germany, 80% of doctors prescribe herbal medicines to their patients, indicating a growing acceptance of traditional Chinese medicine and herbal health products among people in Europe and America.
Lin Yi-xin, the chairman of the Committee on Chinese Medicine and Pharmacy under the Department of Health, pointed out that the main reason prompting people to try alternative therapies is that conventional medicine still lacks effective strategies for treating chronic diseases, cancer, AIDS, hepatitis B, and others.
Coupled with varying degrees of side effects, the use of herbal nutritional supplements for prevention and even treatment has become another option for the public.
Nutritional therapy and dietary supplements for health have become fashionable.
In recent years, natural health practices such as nutritional therapy and dietary supplements have become fashionable, emerging as a new hope eagerly pursued by modern Europeans and Americans.
According to statistics, the growth rate of traditional Chinese herbal health products (including medicinal health products) in the pharmaceutical and cosmetic channels has been catching up with the perennial leaders in the market—multivitamins and single vitamin supplements.
In the use of traditional Chinese and herbal health products, Chinese regions have traditionally dried and processed Chinese herbs into medicinal materials, which are then prepared into traditional Chinese medicine for consumption.
However, in Europe and America, it is customary to crush the medicinal materials directly and brew them as daily health drinks, while in Europe, herbal medicines are extracted and made into pharmaceuticals.
Traditional Chinese herbal health products are moving towards functional foods.
Previously, traditional Chinese herbal health products and Chinese herbs were mainly used for prevention, health care, treatment, and dietary supplementation, but now there is a trend towards developing functional foods, medicinal cosmetics, and health foods.
In the process of searching for food, our ancestors discovered foods with therapeutic effects. After a long process of exploration and verification, they further isolated the parts of the food with significant therapeutic effects, turning them into Chinese herbs or traditional Chinese herbs that can treat various diseases. Therefore, the "Chinese herbs" and "traditional Chinese herbs" used in Chinese medicine originate from "food."
The Chinese nation has always valued the concepts of "medicine and food sharing the same origin" and "food supplementation is better than medicinal supplementation." With the recent advancements in food technology and medical research, the connection between food, food components, and health emphasized by our ancestors has gradually been confirmed.
Therefore, the combination of traditional Chinese herbal ingredients with nutritional supplements has become an important trend in recent years.
Traditional Chinese medicine and Chinese herbs are general terms for Chinese medicine and herbal medicine.
Broadly speaking, traditional Chinese medicine and Chinese herbs are general terms for Chinese medicine and herbal medicine. Chinese medicine refers to natural substances and processed products used for the prevention, diagnosis, and treatment of diseases under the guidance of traditional Chinese medicine theory.
Herbal medicine refers to natural herbs widely used among the people but not recorded in orthodox medical texts, while the herbs defined in Europe are unprocessed raw drugs, often part of plants.
Chen Jie-fu, the director of the China Medical Research Institute, pointed out that traditional Chinese health foods refer to health foods that are guided by traditional Chinese medicine theory, incorporating edible medicinal materials into natural foods, and processed appropriately to regulate physiological functions and benefit health.
[Biotechnology and Medical Device Report Monthly, September Issue]
Source: http:/ / mag. udn. com/ mag/ newss……storypage. jsp? f_ART_ID=44982
Traditional Chinese Herbal Medicine Booms with $35 Billion Market (Part 1)
According to analysis by Business Communications Company, the global sales of botanical and traditional Chinese herbal products in 2002 were approximately $13.7 billion, an increase of $800 million from 2001, with an annual growth rate of about 6.2%.
The global market for plant-derived drugs was $18 billion in 2005 and about $19 billion in 2006. With an average annual growth rate of 6.4-6.6%, the global sales of botanical and traditional Chinese herbal medicines are expected to reach $18.8 billion in 2007. The global market is anticipated to reach $26 billion by 2011.
Nearly 130 countries worldwide use botanical or traditional Chinese herbal products.
Statistics show that nearly 130 countries worldwide use botanical or traditional Chinese herbal products, and 124 countries have research institutions focused on traditional Chinese herbal medicine.
Therefore, when discussing the future trends of health foods, many experts agree that traditional Chinese herbal health foods hold a significant strategic position.
From the global perspective of the traditional Chinese herbal market, Europe is the largest market for botanical and traditional Chinese herbal medicines, accounting for almost 35% of the global market, with an annual market size of about $23.3 billion. This is followed by the Asia region (including Australia, Africa, and the Middle East), which accounts for about 28% of the global market value, amounting to $6.56 billion.
The Americas market (including the US, Canada, and Mexico) is about $5.43 billion, accounting for 23% of the global market. Other regions account for 14% (about $300 million). China, Japan, South Korea, Germany, and the US are currently the most vibrant and high-demand regions for traditional Chinese and botanical medicines globally.
Notably, Asia and the Americas are the fastest-growing regions in the global traditional Chinese and botanical medicine markets, with the US market growing at a rate of 10-16%.
Over 4 billion people worldwide have used traditional Chinese health foods.
According to Business Communications Company statistics, in 2004, the Americas accounted for 40-50% of the global traditional Chinese and botanical medicine market, with an annual growth rate of 7.5%, significantly higher than the 5.3% in other regions.
It is estimated that currently, more than three-quarters of the world's population, over 4 billion people, have tried traditional Chinese and botanical medicines for disease prevention and treatment.
In the US, 34% of the population has used "alternative therapies" outside of conventional medicine, and more than 40% of the population is willing to try traditional Chinese and herbal health foods.In Germany, 80% of doctors prescribe herbal medicines to their patients, indicating a growing acceptance of traditional Chinese medicine and herbal health products among people in Europe and America.
Lin Yi-xin, the chairman of the Committee on Chinese Medicine and Pharmacy under the Department of Health, pointed out that the main reason prompting people to try alternative therapies is that conventional medicine still lacks effective strategies for treating chronic diseases, cancer, AIDS, hepatitis B, and others.
Coupled with varying degrees of side effects, the use of herbal nutritional supplements for prevention and even treatment has become another option for the public.
Nutritional therapy and dietary supplements for health have become fashionable.
In recent years, natural health practices such as nutritional therapy and dietary supplements have become fashionable, emerging as a new hope eagerly pursued by modern Europeans and Americans.
According to statistics, the growth rate of traditional Chinese herbal health products (including medicinal health products) in the pharmaceutical and cosmetic channels has been catching up with the perennial leaders in the market—multivitamins and single vitamin supplements.
In the use of traditional Chinese and herbal health products, Chinese regions have traditionally dried and processed Chinese herbs into medicinal materials, which are then prepared into traditional Chinese medicine for consumption.
However, in Europe and America, it is customary to crush the medicinal materials directly and brew them as daily health drinks, while in Europe, herbal medicines are extracted and made into pharmaceuticals.
Traditional Chinese herbal health products are moving towards functional foods.
Previously, traditional Chinese herbal health products and Chinese herbs were mainly used for prevention, health care, treatment, and dietary supplementation, but now there is a trend towards developing functional foods, medicinal cosmetics, and health foods.
In the process of searching for food, our ancestors discovered foods with therapeutic effects. After a long process of exploration and verification, they further isolated the parts of the food with significant therapeutic effects, turning them into Chinese herbs or traditional Chinese herbs that can treat various diseases. Therefore, the "Chinese herbs" and "traditional Chinese herbs" used in Chinese medicine originate from "food."
The Chinese nation has always valued the concepts of "medicine and food sharing the same origin" and "food supplementation is better than medicinal supplementation." With the recent advancements in food technology and medical research, the connection between food, food components, and health emphasized by our ancestors has gradually been confirmed.
Therefore, the combination of traditional Chinese herbal ingredients with nutritional supplements has become an important trend in recent years.
Traditional Chinese medicine and Chinese herbs are general terms for Chinese medicine and herbal medicine.
Broadly speaking, traditional Chinese medicine and Chinese herbs are general terms for Chinese medicine and herbal medicine. Chinese medicine refers to natural substances and processed products used for the prevention, diagnosis, and treatment of diseases under the guidance of traditional Chinese medicine theory.
Herbal medicine refers to natural herbs widely used among the people but not recorded in orthodox medical texts, while the herbs defined in Europe are unprocessed raw drugs, often part of plants.
Chen Jie-fu, the director of the China Medical Research Institute, pointed out that traditional Chinese health foods refer to health foods that are guided by traditional Chinese medicine theory, incorporating edible medicinal materials into natural foods, and processed appropriately to regulate physiological functions and benefit health.
[Biotechnology and Medical Device Report Monthly, September Issue]
Source: http:/ / mag. udn. com/ mag/ newss……storypage. jsp? f_ART_ID=44982