November 11, 2021
In recent years, the market size of the plant extract industry has been growing rapidly, especially in developed countries and regions such as Europe and the US. The demand for plant extracts continues to grow, driving the growth of the industry. Data shows that the global market for plant extracts is valued at approximately USD 23.6 billion in 2019 and is expected to exceed USD 59.3 billion by 2025, growing at a CAGR of 16.5%. The global botanical extracts industry is expected to continue its growth trend in the future, driven by the enhanced healthy diet concept.
Currently, in terms of application areas, plant extracts have been widely used in food and beverages, convenience foods, baked goods, meat and eggs, condiments, health food and sports nutrition products. Among them, sports nutrition products have become one of the rapidly growing categories for the application of plant extracts, followed by alcoholic beverages, sauces and condiments, ready-to-eat foods, snacks, meat and egg products. It can be said that the botanical extract industry is having a "high time" as the market demand for nutraceuticals is increasing.
The global plant extracts industry has entered the "fast track" of development. In the food industry, extracts include lycopene, beet, stevioside, cetin, inulin, oligofructose, anthocyanin, curcumin, hops extract, etc. With the continuous progress of science and technology, the breakthrough development and application of extraction technologies such as ultrasonic extraction, supercritical extraction, microwave extraction and membrane separation, among which, membrane separation technology is very widely used.
Membrane separation technology is centered on polymeric membrane elements with special selective separation functions, and the separation accuracy ranges from ultrafiltration, nanofiltration, reverse osmosis, etc., which can separate and cut different components between tens of daltons to hundreds of thousands of daltons. Plant extract concentration technology can be used for high-precision filtration and purification of extracts to remove macromolecules from plant extracts. The clarity of the filtered extracts is high, the content of active ingredients is high, and the adsorption efficiency and quality of the resin are significantly improved.
With good export prospect of China's plant extracts, coupled with favorable industrial support policies continuously, it is expected that the market size of China's plant extract industry may exceed 34.1 billion yuan by 2022. The release of the development potential of the plant extract market will also drive the demand for plant extract equipment. Relevant equipment manufacturers should continuously improve plant extract concentration equipment, continuously optimize and upgrade, integrate more intelligent components, improve the comprehensive performance of plant extract concentration equipment, further improve extraction efficiency, shorten extraction time, reduce energy consumption and ensure the quality of finished products to win a larger market share.
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