Market outlook and Investment Advisory Report on plant extracts in China (2024-2028)

Plant Extract is a product formed by the physical and chemical extraction and separation process of plants as raw materials, directional acquisition and concentration of one or more active components in plants, without changing the structure of its active components. In the application, plant extracts are generally intermediate products, currently very widely used, not only as the main raw materials of plant medicine preparations, but also can be used in Nutritional Supplements, health food, cosmetics and other industries, is an important product in the natural medicine and health products market. There are also many kinds of raw material plants used for extraction, and more than 300 kinds of plant varieties are currently entering industrial extraction.

China's plant extract industry started in the 1970s, but it was only a link in the early days of drug production. Until the 1990s, with the rise of foreign trade, China really entered the initial stage of plant extraction industry, and gradually began to use enzymatic extraction, ultrasonic extraction, supercritical extraction, membrane separation technology and other more efficient extraction means. Then in the 21st century, with the adoption of new technologies, China's plant extracts market has entered a period of development.

According to the data of the China Chamber of Commerce for Import and Export of Herbal Extract Products, from 2018 to 2022, the total import and export volume of plant extracts in China showed an overall upward trend. In 2022, the total import and export of plant extracts in China reached 4.312 billion US dollars, an increase of 8.07%. According to the growth rate of the market size of China's plant extract industry in previous years, 2023-2028, the market size of China's plant extract industry will grow at a compound growth rate of 10%, and it is expected that in 2028, the market size of China's plant extract industry will reach 7.8 billion US dollars.

The plant extract nutritional supplements industry as a whole is still in a stage of rapid development, with people's pursuit of natural green and health, the future of new varieties of plant extracts and application fields will continue to develop, the specialization and refinement requirements will gradually increase, and the industry concentration will gradually increase.