Demand for traditional Chinese medicine for skincare is increasing steadily owing to the rising popularity of Chinese herbal medicines and similar products. With growing application in eczema, psoriasis, acne, and others, manufacturers of traditional Chinese skincare medicine are expected to gain higher revenues over the coming years.
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As per a new report by Fact.MR, North America, Europe, and Asia Pacific will hold major chunk of the industry value and volume, while the United States, Germany, China, and a few other countries will offer significant opportunities for stakeholders in this industry, across regions.
Key Takeaways from Market Study
- High demand for Chinese herbal medicines for body care, face care, and others likely to be witnessed.
- Growing application in eczema and psoriasis to cater to industry growth.
- The United States to remain the epicenter of North America’s market for traditional Chinese medicine for skincare.
- Germany to lead in Europe as far as traditional Chinese medicine for skincare is concerned.
- Asia Pacific to exhibit the fastest growth in the market.
- China, Japan, India, Canada, the United Kingdom, and South Korea to maintain positive industry outlook throughout the forecast period.
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Market Segmentation by Category
- Product
- Traditional Chinese Herbal Medicines
- Traditional Chinese Herbal Medicines for Body Care
- Traditional Chinese Herbal Medicines for Face Care
- Traditional Chinese Herbal Medicines for Foot & Hand Care
- Traditional Chinese Herbal Medicines for Acupuncture
- Diet Therapy
- Traditional Chinese Herbal Medicines
- Application
- Traditional Chinese Herbal Medicines for Eczema
- Traditional Chinese Herbal Medicines for Psoriasis
- Traditional Chinese Herbal Medicines for Acne
- Traditional Chinese Herbal Medicines for Hyperpigmentation
- Others
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Rising Prevalence of Skin Diseases Bolstering Demand for Traditional Chinese Medicine
Various traditional medicines for face care, body care, and foot & hand care are extensively being used for a diverse range of skin diseases such as eczema, psoriasis, hyperpigmentation, and acne, to name a few. As a result, rising prevalence of such diseases and skin-related issues is augmenting demand for traditional Chinese medicines, especially for skincare purposes.
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