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China's Plant Extract Industry Is Flourishing Among The People And Developing Rapidly

Baoji Herbest Bio-Tech Co.,Ltd | Updated: Mar 16, 2020

Under the influence of new medical model, functional or active plant extract products are favored. At present, the development of plant extract industry is more and more rapid, has exceeded the growth rate of the drug market, has become an independent emerging industry. With the rise of plant extract market in the world, China's plant extract industry will become a new strategic pillar industry for national economic and social development.

plant extra

Plant extract is the main force of export of Chinese medicine products, accounting for more than 40% of the total export of Chinese medicine products. Although the plant extract industry is a new industry, it has developed rapidly in the past two decades. Statistics show that in 2011, China's plant extract export reached $1.13 billion, with a year-on-year growth rate of 47% and a compound growth rate of 21.91%. Among them, the proportion of the export of private enterprises as high as 50.4%, far ahead, the largest contribution. "Three - capital" enterprises followed, accounting for 35.4%. China's plant extract industry has been developing for less than 20 years, and private plant extract enterprises have been growing and developing in the absence of "care", and have been growing continuously in response to the challenges of financial "tsunami" one after another.