With a history of several thousand years, traditional Chinese medicine (TCM) is commonly believed to be an effective and less invasive method to prevent or heal diseases in China. In 2022, 191.16 billion yuan worth of TCM productes were traded in the country's larger commodity exchange markets.
Catering to natural and organic trends, TCM concepts have been applied in many personal care items as well. It has become more common for skin care brands to use TCM medicinal plants in their products. Ginseng is the most in-demand ingredient as it is said to have the most effective anti-aging and whitening actives.
Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022
(in billion yuan)
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National Bureau of Statistics of China. (March 18, 2024). Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022 (in billion yuan) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/
National Bureau of Statistics of China. "Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022 (in billion yuan)." Chart. March 18, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/
National Bureau of Statistics of China. (2024). Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022 (in billion yuan). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/
National Bureau of Statistics of China. "Turnover Value of Traditional Chinese Medicine (Tcm) in Larger Commodity Exchange Markets in China from 2010 to 2022 (in Billion Yuan)." Statista, Statista Inc., 18 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/
National Bureau of Statistics of China, Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022 (in billion yuan) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/ (last visited September 20, 2024)
Turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2010 to 2022 (in billion yuan) [Graph], National Bureau of Statistics of China, March 18, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1091855/china-traditional-chinese-medicine-tcm-turnover-value/