Not long ago, the China Chamber of Commerce for Import and Export of Medicines and Health Products issued the "Notice on the Standards for the Collection of Plant Extracts" on its website.
According to the "Standardization Law of the People's Republic of China" and the "Regulations on the Management of Group Standards", the Chamber of Commerce has strictly followed the procedures and rules established by the national standards. In 2018, 16 plant extract product standards have been established. After one year of drafting, the first draft has been completed. Review standards by third party units. According to the procedure, the scorpion extract, eucommia leaf extract, turmeric extract, total curcumin, tartary buckwheat extract, ganoderma lucidum extract, shikimic acid, ginseng extract, venomous grape extract, new 11 product standards for hesperidin and citrus extract were publicized. The standard publicity period is from April 23 to May 23, 2019.
According to the above-mentioned person from the Medical Insurance Chamber of Commerce, the extract industry is in an era full of opportunities, no matter from the domestic and international environmental policy, market dynamics and development expectations. First, the improvement of consumers' health awareness and the enhancement of consumption power will increase the activity of the extract market. Second, the domestic and international policy trends of food and health product quality supervision will gradually form the Matthew effect in the market and improve the industry norms. The degree and quality of the company's identification, to enhance the brand's gold content.