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The scale of my country's plant extract industry continues to grow and develop
Created on 2024.12.18
Plant extracts mainly refer to substances extracted or processed from plants (all or part of plants) as raw materials using appropriate solvents or methods, which can be used in the pharmaceutical industry, food industry, daily chemical industry and other industries. There is a conceptual overlap between plant extracts and Chinese herbal medicine extracts. The raw materials of plant extracts in my country mainly come from Chinese herbal medicines, so domestic plant extracts can also be called Chinese medicine extracts to a certain extent, and are generally included in the category of Chinese medicine products in my country's export trade statistics.
Plant extracts can be divided into three categories according to the content of active ingredients: effective monomer extracts, standard extracts, and ratio extracts; according to the ingredients, they can be divided into glycosides, acids, polyphenols, polysaccharides, terpenes, flavonoids, alkaloids, etc.; according to the product form, they can be divided into plant oils, extracts, powders, lenses, etc.; according to the use, they can be divided into natural pigment products, Chinese medicine extract products, extract products, and concentrated products.
The scale of plant extracts in my country continues to grow and develop, and the market size is expected to exceed 60 billion yuan by 2025.
In 2023, the scale of my country's plant extract market reached nearly 45 billion yuan, and it is expected that by 2025, this market size will exceed 60 billion yuan.
The status of local enterprises in the international arena has become increasingly prominent, and foreign trade exports have maintained a relatively high growth rate for ten years.
In 2023, my country's export volume will be US$3.32 billion, a year-on-year decrease of 6%, and the global market share will exceed 20%, ranking first in the world. The import volume is only US$680 million, a year-on-year decrease of 12%.
The product has a wide range of application areas and has broad development prospects in the future.
The application areas of plant extracts cover medicine, health food, dietary supplements, cosmetics, and other fields, with good application ductility and a large market space. Moreover, with the improvement of scientific and technological levels and the improvement of production processes, new varieties of extracts continue to emerge, and new application scenarios of known extracts are also continuously extended, and the market demand space for plant extracts will also expand accordingly. It can be seen that with the continuous expansion of the application areas of plant extracts, the continuous development of the downstream market will bring broad market demand.
Food and beverages (nutritional supplements/health products) account for the largest proportion in the application field of the plant extraction industry, accounting for as much as 45%. The second is herbal preparations and cosmetics, accounting for 26% and 12% of the application fields of the plant extraction industry respectively.
Health products
Health (functional) food is a type of food that has the common characteristics of general food, can regulate the functions of the human body, and is suitable for consumption by specific groups of people, but not for the purpose of treating diseases.
In 2022, the market size of my country's health products industry will reach 298.9 billion yuan, a year-on-year increase of 10.4%. By 2023, the market size of my country's health products will increase to 328.3 billion yuan.
Cosmetics
China's cosmetics retail sales will reach 414.2 billion yuan in 2023.
Medicine
Operating income: 2520.57 billion yuan
Total profits: 347.30 billion yuan
To sum up, with the continuous development of downstream markets such as health products, medicines, and cosmetics, the market demand for my country's plant extract industry will also be driven to grow.
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