Chinese Plant Extract Marketing Prospect

Views: 22     Author: Site Editor     Publish Time: 2022-05-24      Origin: Site

facebook sharing button
twitter sharing button
linkedin sharing button
wechat sharing button
whatsapp sharing button
sharethis sharing button



Plant extract refers to the product formed by taking natural plants as raw materials, through the extraction and separation process, directed acquisition and concentration of one or more active ingredients in plants, without changing the structure of their active ingredients. Plant extracts are important natural products, and their applications cover many fields such as medicine, health care products, food and beverages, condiments, dietary supplements, cosmetics and feed additives.

Market size

China's plant extract industry is influenced by the traditional Chinese medicine culture and has unique development advantages. At the same time, with the rapid growth of global demand for plant extracts, the market size of China's plant extract industry has also shown a growing trend. According to the global plant extract market size and the proportion of the Chinese market in recent years, in 2019, the market size of Plant Extracts in China will reach 34.2 billion yuan, and it is expected that the market size of China's plant extract industry will reach 44 billion yuan in 2022.

Data source: Compiled by China Commercial Industry Research Institute

Import and export situation

According to the data of the China Chamber of Commerce for Import and Export of Medicine and Health Products, China, as the world's leading exporter of plant extracts, has been rising in recent years, hitting a record high of 16.576 billion yuan in 2018, an increase of 17.79% year-on-year. In 2019, due to the impact of the Sino-US trade war, the annual export volume of plant extracts was 16.604 billion yuan, an increase of only 0.19% year-on-year. Although 2020 was affected by the epidemic, but at the same time stimulated consumer demand for natural source plant extracts, in 2020 China's plant extract exports of 96,000 tons, an increase of 11.0% year-on-year, the total export value of 171.5 US dollars, an increase of 3.6% year-on-year, 2021 January-June China's total exports of plant extracts of 12.46 billion yuan.

Data source: China Chamber of Commerce for Import and Export of Medicines and Health Products, China Business Industry Research Institute collated

North America, Asia and Europe are the major consumer markets for plant extracts worldwide. According to the statistics of the Medical Insurance Chamber of Commerce, the top ten countries and regions in China's plant extract export volume in 2020 are the United States, Japan, India, Spain, South Korea, Mexico, France, Germany, Hong Kong, and Malaysia, of which exports to the United States and Japan account for a very large proportion, accounting for 25% and 9% respectively.

Data source: China Chamber of Commerce for Import and Export of Medicines and Health Products, China Business Industry Research Institute collated

Future development prospects

1. The industry belongs to the field of policy support, which is in line with the future direction of industrial development

As a product of finishing and deep processing of natural plants, the plant extraction industry can effectively improve the added value of natural plants, and its application areas are also conducive to promoting the improvement and improvement of people's living standards, so it has also been supported by national policies, for example, the Outline of the National Medium- and Long-term Science and Technology Development Plan (2006-2020) clearly points out that "focus on research and development of deep and clean ecological processing technologies for major agricultural products and agricultural and forestry specialties". Benefiting from market demand and policy support, the future development of the plant extraction industry can be expected.

2. The product application field is extensive, and the market demand space is large

The application field of plant extracts covers many fields such as medicine, health food, dietary supplements, cosmetics, etc., with good application ductility and a large market space. Moreover, with the improvement of the level of science and technology and the improvement of production technology, new extract varieties continue to emerge, and new applicable scenarios of known extracts are also continuously extended, and the market demand space for plant extracts will also expand. In addition, plant extracts have natural properties, conforming to the concept of today's consumers returning to nature, and pollution-free green products have huge development space and broad market prospects at home and abroad.

3. With its competitive advantage, the market influence of the head enterprise will continue to expand

With the changes in market competition, industry practitioners are facing the development problem of not only ensuring product quality and stable supply, but also maintaining and consolidating market position through technology research and development, expanding production capacity and other means. Therefore, the leading enterprises in the industry rely on their advantageous position in the market, product, scale and cost, which is conducive to seizing market opportunities and seizing market share, so as to continue to expand market influence. In addition, because China's plant extract market, foreign exports occupy an important position, and familiar with international trade rules, understand the characteristics of different regional markets require a certain period, therefore, has a multinational trade experienced practitioners will benefit from the first-mover advantage.

For more information, please refer to the "Research Report on the Market Prospects and Investment Opportunities of China's Natural Plant Extraction Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industrial research reports, industrial planning, park planning, the 14th Five-Year Plan, industrial investment attraction and other services.



We look forward to working with you to develop cost effective products and long term relationships with mutual benefit.

Quick Links

Product Category

Contact Us

 Room 1706,1st Building Of Wankuntu, Changsha 410014, Hunan, China.
 +86-731-84489769
 +86-13974944225
 +86-13974944225
领英logo  inslogo  Facebooklogo  YouTube logo
 
Copyright © 2021 World-Way Biotech Inc. Technical support : leadong