Industry characteristics and future trends of plant extracts

Characteristics of plant extract industry

    (1) Economic cyclicality

    One of the main application areas of plant extracts is health care products, the latter has a certain positive correlation with the country's macroeconomic operation. During the economic recovery and prosperity stage, the economy is active, goods are selling well, enterprise production is rising, the unemployment rate is decreasing, people's disposable income is increasing, and the demand for health care products is also stronger; while in the economic recession and recession, the market is cold and orders are placed. Insufficiency, shrinking production, rising unemployment, and shrinking residents’ disposable income have restricted the demand for health products.

Industry characteristics and future trends of plant extracts

    (2) Technical

    The plant extraction industry has higher technical requirements. The development stage of new products requires deep theoretical knowledge and long-term practical experience accumulation as the basis; in the product production stage, borrowing advanced extraction technology and equipment can not only greatly improve the quality of the extract, but also increase the utilization rate of raw materials, reduce raw material waste, and reduce Cost of production.

    (3) Industrial concentration

    The object of plant extraction is plants, and resource-rich regions are more conducive to the development of the industry. Shaanxi, Hunan, and Sichuan are currently the three main production areas of plant extracts in my country. The plant extraction industry in these three provinces started early, and the resources of medicinal plants are relatively abundant. At present, they have formed a certain scale advantage. After more than 30 years of development, Shaanxi's plant extract industry has nearly 600 related companies and more than 1,000 products, which has gradually become the vane of domestic industry development.

    Future development trend of plant extract industry

    (1) Continuously enriching product categories

    With the growth of cognition, the improvement of tools and equipment, and the innovation of methods and methods, human research on plants and the human body will continue to deepen, new plant ingredients that meet the needs of the human body will continue to be discovered, and the product categories of plant extracts will continue to be enriched .

    (2) Continuous development of new technologies and processes

    The plant extract industry is a technology-dependent industry. Advanced extraction technology and equipment can not only greatly improve the quality of extract products, but also increase the utilization rate of raw materials, reduce raw material waste, and reduce production costs. With the increasing number of industry competitors and increasingly fierce competition, companies will definitely choose the development strategy of continuously improving technology and developing new processes to form a competitive advantage and seize the market.

    At present, my country's plant extract industry is still in the growth stage, the industry concentration is not high, most of the enterprises are small in scale, lack of talents and technology, poor equipment and technology, and weak competitiveness. With the improvement of industry supervision and the improvement of consumer quality requirements, companies with outdated production equipment and poor product quality will be eliminated or integrated and reorganized in the future. Some companies with advanced technology, strong financial strength, and good reputation will come to the fore. With development and growth, industry concentration will gradually increase.