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The rapid rise of the natural drug market and the increasing demand for plant extracts
2018-05-10
Plant extract is a product formed by using plants as raw materials, following a physical and chemical extraction and separation process to obtain and concentrate one or more active ingredients in plants without changing their effective structure according to the needs of the final product extracted. Plant extracts are an important component of biopharmaceuticals.
Plant extract is a product formed by using plants as raw materials, following a physical and chemical extraction and separation process to obtain and concentrate one or more active ingredients in plants without changing their effective structure according to the needs of the final product extracted. Plant extracts are an important component of biopharmaceuticals.
Plant extracts are an emerging industry. Although some European countries began producing and applying plant extracts in the early 19th century, they were still in their infancy, not on a large scale, let alone forming an industry. Until the early 1880s, there was a wave of "returning to nature" around the world. People felt a sense of security towards pure natural Chinese herbal medicine after feeling the negative effects of chemical synthetic drugs, which led to the rapid and unstoppable development of plant extracts. Subsequently, countries such as Germany, the United Kingdom, the United States, Italy, and others began to produce Chinese herbal extracts and use them in traditional Chinese medicine health food.
Market size of plant extracts
In recent years, the stable growth in demand for plant extracts worldwide, especially in developed countries and regions such as Europe and America, has greatly stimulated the development of this industry. According to the authoritative "Analysis Report on Production and Sales Demand and Investment Forecast of the Plant Extract Industry" released by the Prospective Industry Research Institute, the global sales of plant extracts reached 10.14 billion US dollars in 2006 and 33.32 billion US dollars in 2016, with an average annual market development rate of approximately 12.63%.
Growth of Global Plant Extract Market Size from 2006 to 2016 (Unit: 100 million US dollars,%)
Growth of global plant extract market size from 2006 to 2016
Note: This data is processed based on market data from various regions.
Source: Compiled by Prospective Industry Research Institute
Competitive landscape of plant extracts
Currently, in many countries around the world, plant-based drugs have become more popular among consumers, but there are significant differences in the consumption of plant-based drugs among different countries and regions. From a global perspective, natural drugs are mainly concentrated in the three major regions of Asia, Europe, and the United States. According to Freedonia Group, the market demand for natural drugs is expected to grow at an annual rate of 13%. Multi channel information shows that the increasing demand for natural drugs in Western countries is an important factor driving the rapid rise of the natural drug market.
Plant extracts are an emerging industry. Although some European countries began producing and applying plant extracts in the early 19th century, they were still in their infancy, not on a large scale, let alone forming an industry. Until the early 1880s, there was a wave of "returning to nature" around the world. People felt a sense of security towards pure natural Chinese herbal medicine after feeling the negative effects of chemical synthetic drugs, which led to the rapid and unstoppable development of plant extracts. Subsequently, countries such as Germany, the United Kingdom, the United States, Italy, and others began to produce Chinese herbal extracts and use them in traditional Chinese medicine health food.
Market size of plant extracts
In recent years, the stable growth in demand for plant extracts worldwide, especially in developed countries and regions such as Europe and America, has greatly stimulated the development of this industry. According to the authoritative "Analysis Report on Production and Sales Demand and Investment Forecast of the Plant Extract Industry" released by the Prospective Industry Research Institute, the global sales of plant extracts reached 10.14 billion US dollars in 2006 and 33.32 billion US dollars in 2016, with an average annual market development rate of approximately 12.63%.
Growth of Global Plant Extract Market Size from 2006 to 2016 (Unit: 100 million US dollars,%)
Growth of global plant extract market size from 2006 to 2016
Note: This data is processed based on market data from various regions.
Source: Compiled by Prospective Industry Research Institute
Competitive landscape of plant extracts
Currently, in many countries around the world, plant-based drugs have become more popular among consumers, but there are significant differences in the consumption of plant-based drugs among different countries and regions. From a global perspective, natural drugs are mainly concentrated in the three major regions of Asia, Europe, and the United States. According to Freedonia Group, the market demand for natural drugs is expected to grow at an annual rate of 13%. Multi channel information shows that the increasing demand for natural drugs in Western countries is an important factor driving the rapid rise of the natural drug market.
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