Plant extract product development

The data shows that in the first half of 2014, there were 1074 enterprises exporting plant extract commodities to my country, a slight increase compared with the number of exporting enterprises in the same period in 2013. Among them, the export volume of private enterprises accounted for 50.4%, far ahead, with the largest contribution. “Three-funded” enterprises followed closely, accounting for 35.4%. my country’s plant extract industry has been developing for less than 20 years. Private plant extract companies have grown up and developed in the absence of “care” and have grown in response to the challenges of the financial “tsunami” time after time.

Under the influence of the new medical model, functional or active plant extract products are favored. At present, the plant extract industry is developing faster and faster, and has exceeded the growth rate of the pharmaceutical market, becoming an independent emerging industry. With the rise of the plant extract market worldwide, China’s 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 herbal medicines in my country, and the export volume accounts for more than 40% of the total export value of Chinese herbal medicines. Although the plant extract industry is an emerging industry, it has developed rapidly in the past two decades. Statistics show that the export value of plant extracts in my country reached US$1.13 billion in 2011, a year-on-year increase of 47%, and a compound growth rate of 21.91% from 2002 to 2011. Plant extracts have become the first commodity category with more than US$1 billion in Chinese medicine exports.

Post time: Dec-02-2020

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