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Traditional Chinese Herbal Medicine Booms with $35 Billion Market (Part 1)
pine Webmaster of Pineapple
2006/09/13 03:48
508 topics published
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

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Traditional Chinese Herbal Medicine Booms with $35 Billion Market Opportunity (Part 2)
pine Webmaster of Pineapple
2006/09/13 03:49
508 topics published
Biotech Medical Report 2006/09/01
Under the traditional medical concept of "medicine and food sharing the same origin," the combination of Chinese herbal medicine and health foods indeed represents a distinctive development direction. In recent years, such health foods have increasingly gained favor among consumers.

[Article by Chen Tangqi]
Chinese Herbal Health Foods Cannot Be Separated from the Realm of Chinese Herbal Medicine

Under the traditional medical concept of "medicine and food sharing the same origin," the combination of Chinese herbal medicine and health foods indeed represents a distinctive development direction. In recent years, such health foods have increasingly gained favor among consumers.

Chinese herbal health foods cannot be separated from the realm of Chinese herbal medicine. Therefore, containing Chinese herbal ingredients is a key feature of these health foods. For example, in Chinese communities, seaweed is often used to prevent thyroid tumors, hypertension, and lymph node tuberculosis; royal jelly is used to aid brain health, calm the mind, and nourish the blood; and pollen is used to combat aging, among others.

Common Chinese medicinal materials such as ginseng, astragalus, angelica, Siberian ginseng, goji berries, and longan flesh are beneficial for nourishing and replenishing energy in the elderly. These materials are not only used in medicine but have also been used as cooking and flavoring ingredients by the public for thousands of years.

Top-Grade Medicinal Herbs: Long-Term Use Without Toxicity, Beneficial for Nourishment and Health

Dishes such as angelica duck, red yeast pork, ginseng chicken, Si Wu Tang (Four Substances Soup), Si Shen Tang (Four Spirits Soup), and Shi Quan Da Bu Tang (Ten Complete Great Tonification Soup) have long become household delicacies. Spices like star anise, pepper, and cinnamon have also become common seasonings in modern households.

Additionally, medicinal materials (or food ingredients) often used in Chinese herbal health products are mostly "top-grade" items from the ancient Chinese medical text "Shen Nong Ben Cao Jing" (Divine Farmer's Materia Medica), primarily known for their nourishing and health-promoting functions.

For example, goji berries are one of the most commonly used Chinese medicinal materials in diets and daily cooking. Their primary purpose is to promote health, longevity, and lower blood pressure, with long-term use being non-toxic. Despite their wide range of uses, there is almost no clinical treatment or classical record that lists goji berries as the primary ingredient in a prescription.

Recent studies have further shown that these folk-used Chinese herbal materials indeed have special effects in promoting human health. For instance, ginseng and astragalus can boost immunity; angelica can improve blood circulation; and rhodiola can increase oxygen levels in the blood, among countless other examples.

Chinese Herbal Health Foods: A Booming Business Opportunity

Many biotech companies have transformed these long-used, non-toxic, and historically significant nourishing herbs into Chinese herbal health ingredients, incorporating them into various health foods. Given the vast business opportunities in Chinese herbal health foods, more and more manufacturers are investing in their development.

For example, Grape King Bio has launched "Lingzhi King," Double Crane's "Premium Lingzhi," and Yan Chen Biotech's red yeast extract—Shou Mei Lipid-Lowering No. 1. American companies like Nu Skin have introduced "Super Lingzhi," while Global Biotech offers "Hibiscus Health Capsules." Hon Hai Biotech's "Zhi Ke Ling Energy Tablets" and Wei Xiang Biotech's Antrodia Health Capsules are also notable.

Furthermore, China Biotech, with the endorsement of former Chinese Medicine Committee Chairman Zhang Chengguo, has launched a series of nutritional health products combining Chinese herbal ingredients with vitamins and nutrients, receiving high praise. Since last year, China Biotech has aggressively entered traditional Chinese medicine pharmacy channels with such products.

Liquid-based Chinese herbal health foods have also gained significant popularity recently. Examples include Uni-President's Brand's Essence of Chicken, Great Wall's Essence of Chicken, and female-targeted herbal beverages such as Si Wu Essence of Chicken, "Rose Si Wu Drink" (a blend of Si Wu extract and nourishing liquid), and "Yi Mo Xiao Tao Hong" (a product for regulating women's post-menstrual health), as well as green papaya-based herbal health drinks.Traditional Chinese health supplements should be tailored to individuals, timing, and local conditions.

In addition, there are health drinks like Aizhiwei's "Healthy Logic" - Roselle Health Drink, Tibetan Rhodiola Energy Drink, Weibao Energy Drink, and the recently controversial "Poisonous Red Bull" - the Polida-Red Bull drink, which emphasizes the addition of Brazilian mushroom (Agaricus blazei), among others.

The most notable feature of traditional Chinese health supplements is their specific health benefits for the human body, including promoting development, anti-aging, enhancing physical strength, improving intelligence and brain health, and aiding in weight loss and body shaping.

However, Dr. Ruan Yuxiang, a traditional Chinese medicine practitioner, also reminds us that the use of traditional Chinese health supplements should consider individual differences, timing, and local conditions. Based on the body's yin and yang, cold and heat properties, gender, and age, suitable traditional Chinese health supplements should be selected.

These health benefits are primarily based on traditional Chinese dietary therapy, modern nutrition, food science, and life sciences. It is due to the integration of these scientific theories that traditional Chinese health supplements have the opportunity to transform and evolve.

Many pharmaceutical companies are beginning to show interest in traditional Chinese health supplements.

It is reported that many global pharmaceutical companies are now showing interest in traditional Chinese health supplements. Major pharmaceutical companies such as Bayer, Pfizer, Bristol-Myers Squibb, Warner-Lambert, and Whitehall-Robins are all looking to enter the market for botanical drugs or traditional Chinese health supplements.

Globally renowned direct sales companies like Nu Skin, Herbalife, Avon, and Amway have also joined the competition in the field of Chinese herbal and traditional health supplements.

Jiang Shanzong, chairman of the Taiwan Health Food Association, stated that due to the complex composition of traditional Chinese and herbal medicines, it is quite challenging to develop them into marketable drugs.

If ingredients and herbs with a long history of use and clear specific health benefits can be made into traditional Chinese health supplements and introduced to the international stage as nutritional supplements, health supplements, and health foods, it is indeed a path worth exploring.

"Traditional Chinese and herbal medicines are the most valuable intellectual assets left by our ancestors, and now they may be the golden key and stepping stone for the descendants of Yan and Huang to enter the world market!"

[From "Biotechnology and Medical Devices Report Monthly, September Issue"]

Source: http:/ / mag. udn. com/ mag/ newss……storypage. jsp? f_ART_ID=45398
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