Plant extracts are an important natural product, and the scope of its industrial chain involves several fields. Due to the rapid growth of China’s Chinese medicine industry, which has established a high market position in the global arena, the Chinese plant extract industry is showing rapid development due to factors such as increased market demand.
In November 2021, the National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the ”Implementation Plan on Promoting High-Quality Development of API Industry”, which proposed to use modern technology to transform traditional production processes, promote backbone enterprises to carry out digitalization and intelligent transformation and upgrading, and support the development of a number of public service platforms with strong externalities around key common technologies, including phytogenic APIs.
In March 2022, the State Council issued the ”Notice of the 14th Five-Year Plan for the Development of Chinese Medicine”, which mentions vigorously developing Chinese medicine service trade, building a national Chinese medicine service export base with high quality, promoting localized development of Chinese medicine overseas, and promoting industrial collaboration and international trade.
Since the 1970s, China’s plant extract industry began to take off, in recent years has been rapid development, has played an important role in improving national health, according to Beijing research and development of precision Biji information consulting, the end of 2020 China’s plant extract market size of about 37 billion yuan, a year-on-year growth of about 13%, 2021 market size continues to grow, reaching more than 40 billion yuan, a year-on-year growth of About 8.1%, and the market size in China is expected to exceed 80 billion yuan in 2028.
Plant extracts are one of the core raw materials and products of biopharmaceutical industry and are widely used in many fields, the overall output of China’s plant extracts market has shown high growth in recent years, the output of China’s plant extracts market reached 122,000 tons in 2020, an increase of 9.2% year-on-year, and the output increased by 14.8% year-on-year to more than 140,000 tons in 2021, and it is expected that in 2025 China’s plant extracts market production will further grow to more than 200,000 tons in 2025.
4、Market Import and Export
At the level of import and export of plant extract market, the export volume is much higher than the import volume at present, according to the data from Beijing Research Precision Biji Information Consulting, by the end of 2021, the export volume of Chinese plant extract reached about 100,000 tons, up about 7% year-on-year, and the export amount reached 2.6 billion USD, up about 6.1% year-on-year; the import volume of plant extract reached about 50,000 tons in the same period, down about 4% year-on-year, and the import amount reached 820 million U.S. dollars, an increase of about 6.5% year-on-year.
5、Demand market structure
With people’s increasing awareness of health and safety, the demand for plant extracts has risen significantly, and the growth rate of each demand market has shown a continuous rise. By the end of 2021, the demand in the food field will account for more than 50%; followed by the health food and cosmetic fields accounting for 18% and 10% respectively, and the other plant extracts demand markets together account for 22%.
At present, most of the plant extracts in China come from Chinese herbal medicines, and most of the companies with large production in the industry are concentrated in regions with rich resources of Chinese herbal medicines, such as Beijing and Tianjin, Shaanxi, Hunan and Sichuan, etc. According to the research data, the production share of plant extracts in Sichuan region is the highest, reaching about 65%; followed by Hunan and Shaanxi provinces, which rank next in terms of production share, together with other regions of the country. The sum of the production share with other regions of the country is 35%.
Post time: Jun-19-2023
Post time: 2023-09-13 10:57:05