Plant Extract Product Development

- Jan 05, 2019-

According to plant extracts, 1,074 companies exported plant extracts in the first half of 2014, a slight increase from the number of exporters in the same period last year. Among them, the export value of private enterprises accounted for 50.4%, which is far ahead and the largest contribution. The “three-capital” enterprises followed closely, accounting for 35.4%. The plant extract industry has been under development for less than 20 years. Private plant extracts companies have grown up in the absence of “care” and have grown stronger in response to the challenges of financial“tsunami”.

Under the influence of new medical models, functional or active plant extract products are favored. At present, the plant extract industry is developing faster and faster, surpassing the growth rate of the pharmaceutical market and becoming an independent emerging industry. With the rise of the plant extract market worldwide, the plant extract industry will also become a new strategic pillar industry for national economic and social development.

Plant extracts are the main force in the export of Chinese medicine products, and the export volume accounts for more than 40% of the total export value of Chinese medicine products. Although the plant extract industry is an emerging industry, it has developed rapidly in the past two decades. Statistics show that in 2011, the export value of plant extracts reached 1.13 billion US dollars, a year-on-year increase of 47%, and the compound growth rate in 2002-2011 reached 21.91%.4.Plant extracts became the first commodity category for Chinese medicine exports exceeding$1 billion.