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Marketing of Plant Extract
Risun Bio-Tech Inc | Updated: Mar 20, 2017

Plant extracts "cake" bigger precision cut into the niche is the key

Plant extracts market "cake" bigger

With the rise of "return to natural tide" and the relevant law (mainly DSHEA), issued by the American FDA official accept plant extract used as a food supplement, global plant extract into sustained growth, market sales grow from $7.2 billion in 2006 to $2016 in 21.7 billion, an average annual rate of about 11% of market development.

 

In China as the world's one of the main plant extracts of market supply and demand, though the industry still has some problems, but the size of the market overall maintained a good growth, 2007-2015, the scale of the compound growth rate of more than 15%. Plant extracts domestic market growth is largely thanks to an increase in foreign demand for plant extracts, according to Chinese medicine and health products import and export chamber of commerce, plant extracts in China market at present also belongs to the export-oriented industry, overall exports accounted for about 65% of the total market sales. And in recent years, with the steady growth of foreign market demand for plant extracts, especially the European and American market, as one of main plant extracts export countries, the growth of our country will benefit from the international market.

 

Chart 1:06-2016 plant extracts in the world market size and growth (unit: us $)

 

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