China's extract industry is a new industry. In the late 1980s, with the increasing demand of the international market for plant medicines and natural health products, China's professional extract enterprises began to appear, with the "export fever" represented by the export of extracts from licorice, ephedra, Ginkgo biloba and St. John's Wort successively formed. After 2000, many Chinese patent medicine enterprises, fine chemical enterprises and chemical API manufacturers also started to set their hands in the extract market. The participation of these enterprises greatly promoted the development of China's extract industry, but at the same time led to the emergence of a period of "price war" in China's extract industry.
After decades of development, most extract enterprises in China have made great progress in production process and quality inspection, their products have basically met the requirements of the international market, and the industrial scale benefits have gradually emerged. With resources and cost advantages, China's extract industry is not only an indispensable part of the international market of extracts, but also a sub-industry most likely to achieve internationalization in the field of TRADITIONAL Chinese medicine. Extracts have also become an effective form of international development of traditional Chinese medicine products. At present, China's extract products have been exported to more than 100 countries and regions around the world, widely used in food, medicine, health products, cosmetics and food additives market fields. Among them, the market of health products and plant medicine is the mainstream market of extract products.