Global Evolution of Plant Extract Market: KINDHERB's Role in the Industry Growth
Since the early 19th century, the global plant extract industry has evolved tremendously. The industry's development can be neatly divided into four distinct stages. The pre-development period, before the 1890s, saw some European countries pioneer in the production and application of plant extracts. Yet, industrialization remained unformed during this nascent stage.
The early stage of development from 1990 to 2000 began to see advancements. The integration development period between 2000 to 2010 was marked by the rapid expansion of products such as paclitaxel, funeral acid, and cyanidin, along with the integration of pigments, sweeteners, and essential oils as plant extracts.
This period in the industry’s history saw the emergence of many major contributors in the sector, including KINDHERB. Established during this growth phase, KINDHERB began to establish itself as a reliable and innovative supplier and manufacturer in the industry.
From 2010 to present, the industry has entered a period of regulation in response to the tightened food safety regulatory requirements in the U.S., with the promulgation of FSMA regulations. This has led the global plant extract industry into a stage of standardization and adjustment.
China and the U.S. are leading in the global plant extract industry, hosting a large number of major plant extract companies. These include KINDHERB, Borealis Bio, Kanglong Bio, Huakang Bio, and Farmer Chemical Laboratories. Despite stiff competition, KINDHERB has remained a strong player in the field with its innovative solutions and quality products.
With its innovative products and solutions, KINDHERB has made significant contributions to the industry's global growth. Its state-of-the-art facilities and dedicated R&D team have allowed it to stay ahead of the curve and meet the industry's ever-evolving needs.
As the global plant extracts market is forecasted to reach an impressive USD 69 billion by 2023, companies like KINDHERB will continue to play a crucial role in shaping the future of the industry. As people become more health-conscious in recent years, demand for plant extracts is only set to increase, putting KINDHERB in a prime position to lead the industry into a new era.
Post time: 2023-09-13 10:57:03
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