China's plant extract industry originates from the traditional Chinese herbal medicine industry.
At the same time, China's traditional Chinese medicine has a long history. Pharmaceutical personnel have attached importance to the analysis of plant properties and drug properties since ancient times.
In the 1970s, some domestic pharmaceutical plants began to use mechanical equipment to extract plant ingredients, but this was only used as a production link in drug manufacturing and did not develop into an independent industry.
After the mid-1990s, with the deepening of opening-up, foreign trade began to prosper, and China's plant extraction industry gradually entered the initial stage.
Since the 21st century, due to the obvious improvement of people's living standards, the enhancement of health awareness and the rise of the trend of environmental protection returning to nature, the market demand for plant extraction products has increased, and the application of more advanced plant extraction technologies (such as enzymatic extraction, ultrasonic extraction, supercritical extraction, microwave extraction, membrane separation technology, etc.) has greatly improved production efficiency, China's plant extraction industry has entered a golden period of rapid development.
With the rapid growth of demand for plant extracts at home and abroad, the market size of China's plant extraction industry has maintained a steady growth trend in recent years, from 27.5 billion yuan in 2017 to 40.7 billion yuan in 2021, during which the market size of the national plant extraction industry has increased to 13.2 billion yuan. It is estimated that the market scale of the national plant extraction industry will reach 44 billion yuan in 2022.