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China's plant extract industry's international competitiveness

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China's plant extract industry's international competitiveness

[Abstract]:
Inrecentyears,thesteadyincreaseinthedemandforplantextractsindevelopedcountriesandregionssuchasEuropeandtheUnitedStateshasgreatlystimulatedthedevelopmentofChina'splantextractindustry.In2006,globalplant
In recent years, the steady increase in the demand for plant extracts in developed countries and regions such as Europe and the United States has greatly stimulated the development of China's plant extract industry. In 2006, global plant extract sales reached US$10.14 billion, reaching US$33.32 billion in 2016, and the average annual market development rate was 12.63%. After rapid development in recent years, China's position in the world has also increased, and the market share of plant extracts has reached 7.16%. It is estimated that since 2017, the compound annual growth rate of China's plant extract market is 9.0%, and will reach 6.03 billion US dollars by 2022.
 
With the increasing awareness of consumers' health and the gradual upgrading of consumer concepts, the functional food industry has gradually shifted from the field of chemical synthesis to the field of natural extraction. In addition to the application in the field of botanical preparations, plant extracts are also receiving more and more attention from food and health care companies due to their excellent performance in food dyeing, seasoning and anti-corrosion.
 
At present, the trend of planting industry can be summarized as follows: 1. The policy is strict; 2. The competition is becoming increasingly fierce. Regardless of whether the "Chinese Medicine Extract Registration Management" or the "Food Safety Law Implementation Regulations" (Revised Draft Exposure Draft), the plant extracts are regulated in the application of medicines or foods.
 
At present, the international market is becoming a battleground for planting enterprises. In terms of industry, Yongan Fengfan, a subsidiary of Xiamen Grassroot Blue Industrial Co., Ltd., has been engaged in the extraction of natural wood guilloche for more than ten years. In terms of product quality, Yongan Sailing actively maintains product quality, continuously develops and upgrades extraction technology, enhances international competitiveness, and strives to become the leading company in the industry.