China is one of the largest growing and consuming countries of ginseng and pseudo-ginseng in the world. Rising prices and the growing popularity of traditional Chinese medicine (TCM) have driven increased supply and demand for industry products in recent years.
The Chinese Medicinal Herb Growing industry in China generated about $16.7 billion in 2014, with annualized growth of 15.7% over the past five years. Over the period, the National Health and Family Planning Commission of the People's Republic of China was established to assist industry development by developing industry standards and optimizing the allocation of resources.
The Chinese Medicinal Herb Growing industry in China grows medicinal plants and herbs such as ginseng and pseudo-ginseng used for traditional Chinese medicine preparations and Chinese patent drug manufacturing. Plants used for insecticide and sterilization are excluded from this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.