The export of plant extracts shows a warming trend

According to the statistics of China Customs, in the first quarter of 2013, the import and export volume of plant extracts in China was US $410 million, up 12.1% year on year Among them, the export volume was US $330 million, an increase of 11.2% year on year, accounting for 47% of the export volume of traditional Chinese medicine Plant extracts continued to maintain a large proportion in the export of traditional Chinese medicine products In general, the export of plant extracts in the first quarter of this year has come out of last year's downturn, showing a steady recovery trend, and showing different characteristics in the market and products Plant extract industry is regarded as a sunrise industry With its own resources and cost advantages, China has become an important supplier of extract raw materials in the international market Statistics from China's Customs show that the import and export of plant extracts in the first quarter of 2013 was US $410 million, with a year-on-year growth of 12.1% Among them, the export volume was US $330 million, an increase of 11.2% year on year, accounting for 47% of the export volume of traditional Chinese medicine In general, China's export of plant extracts in the first quarter of this year has come out of last year's downturn, showing a steady warming trend Plant extract is a kind of product which takes plant as raw material, through physical and chemical extraction and separation, to obtain one or more effective components in plant without changing the structure of its effective components The health product market with great development potential in China has also played a strong role in promoting the market of plant extracts Plant extract industry, as a "aggregation" of medicine, fine chemical industry and agriculture, is mainly used in functional factors, dietary supplements and functional food industry It is estimated that by 2015, the global market size of functional factors, dietary supplements and functional food industry will reach US $250 billion, while the market size of China is expected to reach RMB 500 billion Previously, the 12th Five year development plan for the food industry jointly issued by the national development and Reform Commission and the Ministry of industry and information technology clearly stated that "the development of natural pigment and plant extract industry will be encouraged and supported, and advantageous export products will continue to be developed" Relevant industry insiders pointed out that, as the sub industry most likely to achieve internationalization in the field of traditional Chinese medicine, China's plant extract industry will be a more realistic choice to achieve internationalization of traditional Chinese medicine.