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Chinese plant extract market prospects forecast
Jul 16, 2019

In addition to the functions of coloring, seasoning and flavoring, natural plant extracts often have the functions of supplementing human vitamins, enhancing the body's immune function, and providing antioxidant and health-lowering functions such as antioxidants and blood lipids. They can be used as food additives and nutraceutical ingredients. Widely used in food and beverage, dairy products, health care products, medicine, feed and other industries, with a broad market space.


The Chinese plant extract industry is generally an emerging industry and is in the development stage. In recent years, the worldwide “return to nature” has been heating up, and plant extracts have attracted more and more attention from the pharmaceutical and food industries. It has become one of the fastest growing industries in China, and the market scale has developed leaps and bounds. The inherent development potential. According to the data from the Prospective Industry Research Institute's “Production and Sales Demand and Investment Forecast Analysis Report of the Plant Extract Industry”, the sales revenue in 2016 reached 20.167 billion yuan, a year-on-year increase of 18.35%.

 

China's plant extracts account for more than 80% of the industry's total exports. Exports are the main way to drive industry development. In 2001, China's plant extract exports were only $191 million, and by 2010 exports had reached $815 million. In 2011, China's exports of plant extracts amounted to 1.13 billion US dollars, an increase of 47% year-on-year. It became the first commodity category of Chinese medicine exports exceeding 1 billion US dollars, and became the main driving force for the export growth of Chinese medicine products.


It can be seen that the market has a high preference for natural medicines or ingredients, and the export prospects of Chinese plant extracts are good, and with the continuous introduction of favorable industrial support policies, the industry will continue to maintain rapid development, and the industry is expected to be 2022. The scale will exceed 34.1 billion yuan.


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