Product Development Of Plant Extracts

- Nov 15, 2018-

The data show that in the first half of 2014 years, 1074 enterprises in China exported plant extract commodities, a slight increase compared with the number of export enterprises in the same period last year. Among them, private enterprises accounted for up to 50.4% of exports, far ahead, the greatest contribution. "Three capital" companies followed, accounting for 35.4%.

The development of plant extract industry in China less than 20, private plant extract enterprises in the lack of "care" under the conditions of growth and development, in response to the financial "tsunami" challenge after another growing. Under the influence of the new medical model, plant extraction products with functional or active nature are favored. At present, the plant extract industry is developing more and more fast, has exceeded the growth rate of the drug market, become an independent emerging industry.

With the rise of the market of plant extracts in the world, China's plant extract industry will also become a new strategic pillar industry for national economy and social development. Plant extract is the main force of China's Traditional Chinese medicine commodity export, the proportion of exports accounted for more than 40% of the total exports of traditional Chinese medicine products. Although the plant extract industry is a new development, it has developed rapidly in the past 20 years. Statistics show that in 2011, China's plant extract exports reached 1.13 billion U.S. dollars, an increase of 47% year-on-year, 2002-2011 compound growth rate reached 21.91%. Plant extracts became the first product category to export more than $1 billion in Chinese herbal exports.