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The market for plant extracts is booming

2020-06-22

Plant extract is a product formed by taking plants as raw materials, obtaining and concentrating one or more active components of plants directionally without changing their effective structure through the process of physical and chemical extraction and separation according to the needs of the final product extracted. Plant extract is an important part of biomedicine.

 

Plant extracts are a new industry. Although some countries in Europe began to produce and apply plant extracts in the early 19th century, they were still in their infancy and did not have the scale to form an industry. Until the early 1880 s, around the world set off a frenzy of "return to nature", people after feel chemical synthetic drug negative effect of pure natural Chinese herbal medicine produces a sense of security, so as to make the development of plant extracts and unstoppable rapidly, then Germany, Britain, the United States, Italy and other countries have begun to produce Chinese herbal medicine extracts and used in traditional Chinese medicine health food.

 

Plant extract market size

In recent years, the steady growth in the demand for plant extracts in developed countries and regions, especially in Europe and the United States, has greatly stimulated the development of this industry. According to the Analysis Report on the Production and Sales Demand and Investment of Plant Extract Industryissued by the Foresight Industry Research Institute, global plant extract sales reached US$10.14 billion in 2006 and US$33.32 billion in 2016. The average annual market development rate is about 12.63%.

 

Competitive landscape of plant extracts

At present, in many countries of the world, botanical medicine has become more popular among consumers, but the consumption of botanical medicine in different countries and regions is quite different. Globally, natural medicines are mainly concentrated in Asia, Europe and the United States. The Freedonia Group estimates that demand for natural medicines will grow by 13% a year. Multiple sources of information show that the increasing demand for natural medicines in western countries is an important factor driving the rapid rise of the natural medicine market.

 

Against the backdrop of the growing scale of the global herbal medicine market, the global plant extract market continued to rise in 2016, forming the situation of the United States, Germany, Japan and France. The plant extract market in Germany has developed rapidly and has surpassed that in the United States. The sales volume of plant extract accounts for 22.68% of the world. The United States still maintains a large advantage, accounting for 22.21% of the total. Japan, which accounts for 19.75% of the global market size of plant extracts, is about to break through 20%. France accounts for 13.21%. With the rapid development in recent years, China is playing an increasingly important role in the world, with the market share of plant extracts reaching 7.16%.

 

Development trend of plant extracts

1. It will become a new hot spot in the world drug market and research and development

 

Twenty-five percent of the chemicals produced in the world are originally plant-derived, the most famous being aspirin, quinine, foxtrel, vincristine and Tylenol. At present, there are two trends in the research and development of botanical drugs: one is the composition research method represented by the United States (i.e. the westernized method, the monomolecular structure drugs extracted from plants); the other is the composition research method represented by the European Union countries represented by Germany. Compared with the composition research method, this method is more convenient for commercial development and more in line with the reality of Chinese plant medicine industry.

 

Due to the mature development of the European market in terms of policies and regulations, technical level, consumer psychology and other aspects, it is a convenient way for domestic enterprises to enter the international market.

 

2, as a natural health products demand will continue to grow

 

Studies in recent years have proved that a large number of "modern diseases" in modern society, such as coronary heart disease, cancer, hypertension, diabetes, etc., have a great relationship with People's Daily diet. It is recognized that certain natural plant extracts can provide health care and even prevent and treat certain diseases. It is better to prevent diseases with natural health food than to take medicine after illness.

 

There is a growing international demand for plant medicines. Consumer demand for products based on organically grown herbs is growing and will continue to grow; A growing number of plant-based formulations with good scientific evidence are helping to bring health food stores closer to the mass market.


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