In recent years, the steady growth of the demand for plant extracts in the world, especially in developed countries and regions such as Europe and America, has greatly stimulated the development of the industry. According to the report on Market Investment in 2017-2021, published by the China Industry Research report, global plant extract sales reached US $10.14 billion in 2006 and US $33.32 billion in 2016. The average annual market development rate is about 12.63.
Against the backdrop of the growing scale of the global herbal market, the global market for plant extracts has continued to rise in 2016, forming a situation in which the United States, Japan, Japan and France are among the top four.
The market for plant extracts in Germany is developing faster than in the United States, and the sales volume of plant extracts accounts for 22.68% of the world. The United States still maintains a large advantage, with a proportion of 22.21% in scale. Japan is next. The market size of plant extract is 19.75%, which is about to break 20%, and that of France 13.21%. With the rapid development of China in recent years, its position in the world is becoming more and more important, and the market share of plant extract has reached 7.16%.
Advanced plant extract technology represents enterprises, such as Germany's Martin. Bauer, the United States is the Todd Group and Italy's Indena spa, Europe, Asia and the Asia-Pacific region are the main market for plant extracts. European plant extracts accounted for 39.8 percent of global consumption in 2011, ranking first in the world and 37.2 percent in the Asia-Pacific region.