Market size of TCM granules in China 2015-2020

Published by
Wenyi Zhang,
Jun 21, 2023
In 2019, the market size of traditional Chinese medicine (TCM) formula granules grew to over 50 billion yuan in China. TCM formula granules, also known as free-decoction granules or scientific Chinese medicine, are granules made of Chinese herbal pieces and refined through modern industrial extraction, infusion, concentration, drying, and granulation processes.

Market size of traditional Chinese medicine formula granules in China from 2015 to 2019, with an estimate for 2020 (in billion yuan)

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Release date

March 2021

Region

China

Survey time period

2015 to 2019

Supplementary notes

*Estimate.

One yuan equals approximately 0.16 U.S dollars and 0.13 euros (as of June 2021).

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