Plant extracts are products formed according to demands for purposes of final products to extract, by taking plants as the raw material and upon physical and chemical extraction and separation to directionally obtain and concentrate certain or many effective ingredients without changing their effective structures, and are important part of the bio-medicine.
The plant extract industry is an emerging industry. Some European countries started to produce and apply plant extracts early in the 19th century, however, they were in the bud and at a small scale, not to mention forming an industry. Until the beginning of 1880s, there was the "returning to nature" frenzy in the world; people developed a sense of security towards the purely natural Chinese herbal medicine after feeling the negative effects of chemical synthetic drugs, thus making development of plant extracts rapid and irresistible. Thereafter, Germany, UK, U.S., and Italy, etc. started to produce the Chinese herb extracts and use them in TCM health products.
Size of plant extract market
The stable growth of demand for plant extracts worldwide, especially in European and American developed countries and regions, etc. in recent years has greatly stimulated development of the industry. According to data of Research Report of Production and Sale Demand and Investment Forecast Analysis on China Plants Extracts Industry issued by Forward Industry Research Institute, the global sales of plant extracts reached USD 10.14 billion in 2006, and reached USD 33.32 billion in 2016, with the compound annual growth rate (CAGR) reaching about 12.63%.
Growth of Size of Global Plant Extracts Market in 2006-2016 (Unit: USD 100 million, %)

|
年均复合增长率12.5% |
CAGR 12.5% |
Note: The data are obtained upon processing of data of each regional market.
Source: Organized by Forward Industry Research Institute
Competition situation of plant extracts
Herbal medicines have become pharmaceutical products more popular with consumers in many countries, however, the consumption of herbal medicines varies much in different countries and regions. Globally, natural drugs mainly concentrate in Asia, Europe, and U.S. According to the estimation of Freedonia Group, the market demand for natural drugs will grow at 13% per year. According to information from multiple channels, the increased demand of the Western countries for natural drugs is an important factor driving the rapid rise of the natural drug market.
Comparison of Size of Herbal Medicine Markets in the World (Unit: USD 100 million)
|
Region |
1997 |
2008 |
2014 |
2016 |
|
U.S. |
32 |
91.3 |
158 |
195 |
|
Germany |
38 |
232.4 |
364 |
467 |
|
Japan |
...
Read More
Related News
Demands for Plant Extracts to Constantly Grow with the Rapid Rise of the Natural Drug Market
Yang Xuwen, Forward Industry Research Institute May 4, 2018
Universal healthcare enrolment to see gradual gains in Indonesia
biospectrumasia February 10, 2017
leon-nanodrugs partners with Bionpharma for development of a MicroJet Reactor (MJR) based dermatolog
pharmaasia February 10, 2017 You may like
Get alerted on the PharmaSources E-Newsletter and Pharma Sources Insight E-Compilation! Subscribe
Note: You can unsubscribe from the alerts at any time. Get alerted on the PharmaSources E-Newsletter and Pharma Sources Insight E-Compilation! Subscribe
Note: You can unsubscribe from the alerts at any time. Most popular
The Rise of Biosimilars: Regulatory Pathways and Market Outlook
Nurah Ekhlaque
Sep 19, 2025
Digitalization in Procurement: From AI Forecasting to Blockchain Traceability
Saher Haider
Sep 19, 2025
Methodology Validation in Chinese Pharmacopoeia 2025: How to Report Accuracy and Precision
Xing Xing
Sep 12, 2025
|










(All Rights Reserved)