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China’s Plant Extract Industry Thrives, Export Value Surpasses 23.88 Billion RMB in 2023, Leading Global Market Share

China's Plant Extract

China’s plant extract industry has experienced rapid growth in recent years, becoming a key supplier to the global market. According to the China Chamber of Commerce for Import and Export of Medicines and Health Products, China’s plant extract exports reached 23.88 billion RMB in 2023, capturing over 20% of the global market share and ranking first worldwide.

Major export products include ginger extract, garlic extract, milk thistle extract, ginkgo biloba extract, and goji berry extract. These extracts are widely used in food, health supplements, and cosmetics, meeting the global demand for natural and healthy products. With the growing demand for natural health products worldwide, China’s plant extract industry holds significant growth potential.

However, the industry also faces challenges related to raw material quality and safety, international trade regulations, and global standards. To seize future opportunities and address these challenges, companies need to enhance product quality control, stay informed about international market trends, and strengthen their core competitiveness.