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Natural medicine market is rising rapidly and demand for plant extracts will continue to grow.
Jul 30, 2018

Plant extract is a product based on plants, according to the needs of the use of the extracted final products, through the physical and chemical extraction and separation process, to obtain and enrich one or more effective components in the plant, without changing its effective structure. Plant extracts are an important part of biomedicine.


Plant extract is a new industry. Although some European countries began to produce and apply plant extracts in early nineteenth Century, it was just a bud, not a scale, not to make up an industry. Until the beginning of the 1880s, a surge of "return to nature" was created throughout the world, and people felt a sense of safety after the negative effects of chemical synthetic drugs on pure natural herbs, making the plant extracts developing rapidly and unstoppable, followed by countries such as Germany, Britain, the United States, Italy and other countries. The Chinese herbal medicine extract has been started and used in Chinese medicine health food.


Market size of plant extracts


In recent years, the steady growth of demand for plant extracts in the world, especially in developed countries and regions such as Europe and America, has greatly stimulated the development of the industry. According to the data from the forecast analysis report on the production and marketing of plant extract industry by the foresight Industry Research Institute, the global plant extract sales in 2006 reached 10 billion 140 million US dollars, and reached 33 billion 320 million US dollars in 2016, and the average annual market development rate was about 12.63%.

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Source of data: collation of prospective Industrial Research Institute


Competition pattern of plant extracts


At present, in many countries of the world, plant medicine has become a more popular drug for consumers, but there are great differences in the consumption of plant drugs from different countries and regions. Globally, natural medicines are mainly concentrated in the three regions of Asia, Europe and the United States. According to Freedonia Group, the market demand for natural drugs will grow at a rate of 13% per annum. Multi-channel information shows that the increasing demand for natural medicines in western countries is an important factor driving the rapid rise of natural medicines market.

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Data sources: arrangement of prospective Industrial Research Institutes


In the context of the growing scale of the global herbal medicine market, the global plant extract market continues to rise in 2016, and has formed a situation of the four strengths of the United States, the Japanese, the Japanese and the French. The plant extract Market in Germany has developed faster than the United States, and the plant extract sales account for 22.68% of the global proportion, while the United States still maintains a large advantage, the proportion is 22.21%, followed by Japan, its plant extract market scale is 19.75%, it is about to break through 20%, and France accounts for 13.21%. . With the rapid development in recent years, China has become increasingly important in the world. The market share of plant extracts has reached 7.16%.

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Source of data: collation of prospective Industrial Research Institute


The development trend of plant extracts


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


About 25% of the chemicals produced worldwide originate from plants. The most famous are aspirin, quinine, Rehmannia glutinosa, vinblastine and tryptophan. At present, there are two trends in the research and development of plant medicine: one is the component research method represented by the United States (i.e., the method of Western medicine, the single molecular structural medicine extracted by plants), and the two is the component research method of the EU countries represented by Germany. Compared with component analysis, this method is more convenient for commercial development and more realistic for the Chinese herbal medicine industry.


Since the European plant drug market has developed from several aspects, such as policies, regulations, technical level and consumer psychology, it is a convenient way for domestic enterprises to enter the international plant drug market through the EU.


2. The demand for natural health products will continue to grow


Recent studies have proved that a large number of modern diseases, such as coronary heart disease, cancer, hypertension and diabetes, have a great relationship with people's daily diet. It is recognized that some natural plant extracts can be health-care and even have the effect of preventing and treating certain diseases. It is better to use natural health food to prevent disease than taking medicine after the disease.


The demand for plant chemicals is growing at the international level. Consumer demand for organically grown herb products continues to grow, and the trend will continue; the growing number of plant formulations with sufficient scientific evidence helps to close the distance between healthy food stores and the mass market.


Source: Prospective network



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