Global Chinese Herbal Formula Granules Market Research Report 2023
The global Chinese Herbal Formula Granules market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
The key global manufacturers of Chinese Herbal Formula Granules include PuraPharm International (HK), Beijing Kangrentang Pharmaceutical, E-Fong Herbs, Jiangyin Tianjiang Pharmaceutical, CR Pharmaceutical Group, New Green Pharmaceutical, China Shineway Pharmaceutical Group Limited and Zhejiang Jingyuetang Pharmaceutical Industry, etc. in 2022, the world's top three vendors accounted for approximately % of the revenue.
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The Chinese herbal formula granules market refers to the industry involved in the production, distribution, and consumption of granulated Chinese herbal formulas. Chinese herbal medicine has a long history and is based on the use of various plant-based ingredients to promote health and treat ailments.
In recent years, there has been a growing demand for Chinese herbal medicine in a more convenient and accessible form. Chinese herbal formula granules offer a modernized approach to traditional herbal medicine. These granules are made by extracting the active components from herbs and then drying and grinding them into a fine powder, which can be easily dissolved in water or other liquids for consumption.
The Chinese herbal formula granules market has experienced significant growth, driven by several factors:
Standardization and Quality Control: Granulated herbal formulas provide a standardized and consistent dosage, ensuring the quality and efficacy of the herbal medicine. Manufacturers adhere to strict quality control measures to ensure that the granules contain the correct herbal ingredients and are free from contaminants.
Convenience and Ease of Use: Chinese herbal formula granules offer convenience and ease of use compared to traditional herbal preparations, such as decoctions or powders that require time-consuming preparation. The granules can be quickly dissolved in hot water, making them more accessible to consumers.
Growing Acceptance and Awareness: Chinese herbal medicine has gained wider acceptance and recognition globally, leading to increased demand for convenient and modernized forms of herbal medicine. The use of granulated formulas has been embraced by both traditional Chinese medicine practitioners and a broader consumer base seeking natural remedies.
Integration with Modern Healthcare Systems: Chinese herbal formula granules are increasingly being integrated into modern healthcare systems, including hospitals and clinics, where they are used alongside conventional medical treatments. This integration has contributed to the market's growth and acceptance.
In the Chinese herbal formula granules market, there are numerous manufacturers and suppliers offering a wide range of granulated formulas. These companies may specialize in specific types of formulas or cater to different therapeutic areas. The market is highly competitive, with a focus on product quality, safety, and efficacy.
• Beijing Kangrentang Pharmaceutical
• CR Pharmaceutical Group
• China Shineway Pharmaceutical Group Limited
• E-Fong Herbs
• Jiangyin Tianjiang Pharmaceutical
• New Green Pharmaceutical
• PuraPharm International (HK)
• Zhejiang Jingyuetang Pharmaceutical Industry
Segment by Type
• Prescribed Premixed
• Single Flavor Small Pack
Segment by Application
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