The implementation of the “Healthy China 2030”Planning Outline has ushered in rapid development of China’s big health industry, with the industry scale expected to reach RMB8.78 trillion in 2019 and RMB14.09 trillion in 2023, calculated as per the about 12.55% compound annual growth rate in the next five years. Wherein, important components of the big health industry chain: health products, pharmaceuticals, and nutritional and functional foods, etc. will see new development opportunities. As an ingredient source, the role of natural extracts has been increasingly recognized in the world, with the industry scale rapidly developing and the market demands stably growing.
