Research Report on plant extract industry

Plant extracts, as the name implies, are extracted from plants, mainly as raw materials of natural drugs or plant drugs, health food, cosmetics, food additives, etc On the one hand, with the increasing voice of "returning to nature" in the world, plant medicine and natural food have become the hot drugs and food in the 21st century; on the other hand, with the development of society and the improvement of living standards, people's attention to diseases has changed from simple treatment to focus on disease prevention, which makes functional natural health food popular Since the end of the 1990s, plant extracts have attracted more and more attention from the pharmaceutical and food industry, and become an important link to promote the modernization and technological innovation of traditional Chinese medicine, and an effective way for traditional Chinese medicine to enter the international market The plant extract industry has become one of the fastest-growing industries in China, with an annual growth rate of more than 15%, and it is also one of the main export industries in China The export volume of plant extract exceeded that of Chinese patent medicine in 1999, with an export volume of 262 million US dollars in 2005, an export growth rate of more than 20% in 2002-2004, and an export growth rate of 30% in 2005 I industry overview 1 Industry overview plant extract is a kind of product formed by taking plants as raw materials, obtaining one or more effective ingredients from concentrated plants through physical and chemical extraction and separation process without changing the structure of effective ingredients Plant extracts are intermediates in general They are widely used in medicine, health food, tobacco and cosmetics According to different components of extracted plants, glycosides, acids, polyphenols, polysaccharides, terpenes, flavonoids, alkaloids, etc are formed; according to different properties of final products, they can be divided into plant oil, extract, powder, lens, etc There are also many kinds of raw materials used for extraction in China At present, there are more than 300 kinds of plant varieties that enter into industrial extraction At present, there are three main technical methods of plant extracts: resin separation technology, industrial extraction technology and analysis and detection technology Resin technology has been successfully used in industrial decolorization, environmental protection, drug analysis, antibiotic extraction and separation Industrial extraction technology includes organic solvent extraction technology Analysis and detection technology requires quantitative analysis of effective standard components and harmful substances, or comparison with standard products, or identification with fingerprint, and strict detection of raw materials, production process and finished products At present, domestic enterprises mainly adopt organic solvent extraction technology, but limited by capital and technical force, few enterprises adopt carbon dioxide supercritical fluid extraction and analysis and detection technology In foreign countries, more than 75% of Chinese herbal extracts are detected by HPLC, while only 10.9% of Chinese patent medicines in Chinese Pharmacopoeia are detected by HPLC In the 1970s and 1990s, Chinese traditional medicine and food enterprises all had plant extract workshops, and there were basically no specialized plant extract enterprises in China After the 1990s, the demand for plant medicine or natural medicine increased in foreign countries, while China has rich plant resources, which naturally led to the development of China's plant extract industry At first, it mainly relies on raw material advantages to provide rough processing products to foreign countries The original varieties include ginkgo extract, licorice extract, ephedra extract, tea polyphenol extract, etc Up to now, the plant extract industry has formed a certain scale There are more than 600 export enterprises of plant extract in China, but most of them are medical and health food companies or foreign trade companies, with more than 200 production enterprises The scale and technical level are relatively low, and there are a lot of improved products, but mainly products without technical content The annual output value of products with a certain fist is 60 million yuan There are only a few of these enterprises, such as Chengdu Huagao, Hunan Jinnong, Beijing Jinke, Xi'an hi tech, etc The overall technical level of the industry is relatively low, mainly for low-cost export of raw materials Therefore, it is greatly affected by the fluctuation of the international raw material market Domestic enterprises mainly adopt low-level competitive means of price reduction in the international market The consequence is that the impression of the international market on Chinese extracts is low-quality products, the purchase price is very low, and the profits of domestic enterprises are low, which greatly affects the domestic industry The driving force of industry development The domestic market demand of plant extracts generally accounts for about 5% of the domestic sales scale of plant extracts Most of the products are sold in Europe, America, Japan and South Korea In recent two years, the annual growth rate of plant extracts in China is very high, about 30% Excluding the cost rising factors, it is expected that the growth rate of plant extracts in China will remain at about 20% in the next few years, and that of plant extracts in China in recent years See the table below for sales Table 4-13 sales volume of plant extracts in 2001-2005 (unit: US $100 million) 2 Industry characteristics China's plant extract industry is a new industry in general, which is in the development stage Its industry characteristics are very obvious: (1) there are many small enterprises with low technology level, and no leading enterprise in the industry has been formed There are more than 200 specialized plant extract enterprises in China, but the investment scale is more than 50 million yuan, no more than 20 enterprises, no more than 10 enterprises with total asset scale and annual sales scale of more than 100 million yuan, most of which have production scale and annual sales volume of more than 15 million yuan, no core R & D capability, no core products of their own, according to the needs of the international market To provide primary products, the income of the enterprise is greatly affected by the demand of the international market (2) there are many products and few competitive varieties No matter how small the scale of any domestic plant lifting enterprise is, there are generally more than 20 varieties, but there are few enterprises with core varieties and few companies with large scale and independent development and scientific research ability Representative varieties include: licorice extract and blueberry extract of Beijing Jinke, tea polyphenol and Siraitia fruit extract of Hunan Jinnong, 5-HTP of Xi'an Tiancheng, Hypericum perforatum, etc China provides about 100 kinds of products to the international market every year, but there are only a dozen of products that are widely accepted and occupy the mainstream of the market, mainly concentrated in extracts with pharmacodynamic functions (3) obvious advantages of regional natural resources There are more than 200 domestic professional extraction enterprises, large and small, with an annual export volume of more than 30 million yuan, which are mainly distributed in Beijing and Tianjin, Shaanxi, Hunan, Sichuan, Yunnan and Guangxi, and other provinces and regions In addition to Beijing and Tianjin, which do not have natural resource advantages by virtue of technical advantages, other regions have certain resource advantages Beijing and Tianjin mainly include Tianjin Jianfeng and Beijing Jinke company Tianjin Jianfeng, backed by Zhejiang Jianfeng group, a listed company, has the advantages of technology, capital and market It is the largest manufacturer of grape seed extract Beijing Jinke takes the extract of Glycyrrhiza, bilberry, ginkgo and other plant species as the main product Shaanxi Province is the province with the most intensive distribution of extract manufacturers, with more than 30 enterprises The main products are Fructus aurantii, silymarin, Hypericum perforatum, etc the representative manufacturers are Xi'an Tiancheng, saide, Sanjiang, etc Hunan Province mainly tea polyphenols, Siraitia grosvenorii, ginger extract, the representative enterprises are Hunan hongshengtang and Hunan Jinnong The main products of Sichuan Province are Yinyanghuo, soybean isoflavones, etc., and the main representative companies are Huagao company, qianjinfang company, etc Yunnan mainly has Yuxi Wanfang natural medicine company and hande company, the main varieties are paclitaxel, Hongjingtian, etc Guangxi mainly has Guilin Rhine company and Guilin Xingda company The main varieties are Siraitia grosvenorii and artemisinin extract, mainly relying on resource advantages (4) the marketing mode has changed from passive to active Most Chinese medicine enterprises have their own extraction workshops, so most of the domestic plant extract products are mainly exported, and the main markets are Asia, Europe and the United States So far, more than 80% of the products are exported through foreign trade companies Most of the enterprises do not have offices or their own fixed customers in foreign countries In 2000, the international plant extraction market has changed greatly, and foreign markets have increased their entry barriers The obvious example is ginkgo biloba extract As the market price of Chinese extracts keeps going down, enterprises with certain strength in the industry realize that export by foreign trade companies alone is not the way to maintain their own development Many enterprises, such as Beijing Jinke, Xi'an Tiancheng, Jinnong, etc., have set up offices in the United States one after another, and attach importance to cultivating their own stable customers, and change from passive market recipients to active market explorers 3 The macro factor driving the development of the industry is that the plant extraction industry is an intermediate industry, which is essentially a raw material supply industry with certain technical content Its development is mainly affected by the government's macro policies, downstream products and changes in the international market From the current situation, these three environmental factors are positive and favorable, which greatly promotes the development of the industry (1) active government policies to speed up the upgrading and upgrading of planting and lifting Enterprises In 2000, the government put forward the goal of modernization of traditional Chinese medicine Many listed companies took plant extracts as one of the financing directions, such as ANGLI company of Jiaotong University, Yinguangxia company, Zhejiang Jianfeng company, etc because of the intervention of listed companies, they injected funds into the industry and brought in technology and management advantages, which provided a solid foundation for the improvement of the overall scale, equipment and technology of the industry On the other hand, in 2000, the venture edition was to be launched in Shenzhen As a new planting and lifting enterprise, many enterprises took advantage of this opportunity to increase their investment scale, such as Beijing Jinke, Hunan Jinnong and hongshengtang During this period, they increased their investment scale, scientific research investment, established the international market, and entered the listing guidance, all of which are conducive to the overall improvement of the industry China's accession to the WTO will bring more opportunities for market development to the plant industry (2) the growth of market demand for health food, natural medicine or business botanical medicine will speed up the expansion of plant extraction industry In 2005, the growth rate of international pharmaceutical market was 9% The market of Botanical Medicine showed a rapid growth trend, with a market scale of nearly 30 billion US dollars, about 4 billion people using natural medicine, and the sales of natural medicine has accounted for more than 30% of the global pharmaceutical market After entering 2004, domestic health food has come out of the trough, with a high growth rate of more than 15% At present, most health food factories do not establish their own extraction workshops, and the raw materials are mainly provided by extraction enterprises Therefore, the market demand at home and abroad is growing rapidly, and the plant extract market is very active (3) stable growth of international market demand; rapid growth of plant extract Market in Asia In recent two years, the development of Chinese medicine and Korean medicine is rapid, and the demand for raw materials is increasing, which has promoted the export of plant extract products in China The United States is the country with the largest export of plant extract products in China Despite the impact of ephedrine export, the annual growth rate of product export is stable at more than 15% Europe is the world's largest market for botanical drugs, accounting for 45% of the world's share In recent years, China's export growth rate to Europe is more than 25% This market has become the most potential market for China's botanical products 4 The bottleneck of the industry (1) unplanned over harvesting and gradual depletion of natural resources Although in