2024 China Plant Extract Industry Market Panorama Evaluation Report
#Industry information ·2024-04-21 18:58:29
Plant extract refers to a product formed by using plants as raw materials, extracting and separating one or more components from plants according to the needs of the final product, and selectively obtaining or concentrating them without changing the original components of the plants. According to their composition, plant extracts can usually be divided into glycosides, flavonoids, steroids, alkaloids, tannins, volatile oils, and phenols; According to their uses, plant extracts can be divided into functional plant extracts, pigments, sweeteners, plant essential oils, oils and proteins, etc. Among them, functional plant extracts are often used as the main raw materials for drugs and health products due to their various pharmacological effects.
With the improvement of human living standards and the increasing concept of returning to nature, food, medicine, health products, and cosmetics are becoming increasingly green and natural. The global market size of plant extracts is growing year by year. In 2022, the global market size of plant extracts is about 14.06 billion US dollars, a year-on-year increase of 0.5%. Plant extraction has a long history in China, originating from the traditional Chinese medicine industry. Although it developed relatively late, it has grown rapidly. According to statistics, the market size of plant extracts in China has grown from 5.66 billion yuan in 2015 to 21.42 billion yuan in 2022, with a compound annual growth rate of 20.94% during this period.
In 2022, the import value of plant extracts in China was 780 million US dollars, a year-on-year decrease of 12.5%, and the total export value was 3.528 billion US dollars, a year-on-year increase of 16.5%, maintaining a good growth rate. In recent years, varieties such as stevia extract, eucalyptus oil, menthol, marigold extract, and chili extract have become the main export varieties of plant extracts. The main export markets include the United States, Japan, India, Spain, South Korea, Mexico, France, Germany, and others.
The research team of Huajing Industry Research Institute uses a combination of desktop research, quantitative surveys, and qualitative analysis to comprehensively and objectively analyze the overall market capacity, industrial chain, business characteristics, profitability, and business models of the plant extract industry. Scientific use of SCP model SWOT、PEST、 Regression analysis, SPACE matrix, and other research models and methods are used to comprehensively analyze the market environment, industry policies, competitive landscape, technological innovation, market risks, industry barriers, opportunities, and challenges related to the plant extract industry. Based on the development trajectory and practical experience of the plant extract industry, we have carefully studied and compiled the "2024-2030 China Plant Extract Industry Market Panorama Monitoring and Investment Strategy Research Report", providing important references for investment decisions, strategic planning, and industry research of enterprises, scientific research, investment institutions, and other units.
