当归类保健食品：含药食同源物质的保健食品需求渐增 头豹词条报告系列

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The demand for Angelica-based health foods is increasing due to rising health awareness, particularly among women, and stable raw material supply, supported by favorable policies. The market size is expected to grow steadily, with significant potential for product innovation and market expansion [3][27][28]. Industry Definition - Angelica-based health foods are defined as health products primarily made from Angelica, a traditional Chinese medicinal herb known for its various health benefits, including blood circulation and digestive health [4][3]. Industry Characteristics - The Angelica health food industry is characterized by strict regulatory oversight, diverse market demand, and innovation driven by technology [9][10][11][12]. Industry Development History - The industry has evolved through three stages: the initial establishment of regulatory frameworks, a rapid growth phase with increased registrations, and a mature phase characterized by dual registration and filing systems [13][14][15][16]. Market Size - The market size for Angelica-based health foods grew from 2.512 billion RMB in 2019 to 2.915 billion RMB in 2023, with a compound annual growth rate (CAGR) of 3.79%. It is projected to reach 3.712 billion RMB by 2028, with a CAGR of 4.67% [27][28]. Supply Chain Analysis - The supply chain for Angelica health foods includes upstream raw material suppliers, midstream manufacturers, and downstream distribution channels. The supply of Angelica is increasing, particularly in Gansu province, which positively impacts the midstream health food industry [17][19]. Consumer Preferences - The most popular health function among consumers is immune enhancement, accounting for 32.52% of demand, followed by skin improvement and anemia relief [25]. Competitive Landscape - The industry features a diverse range of participants, including traditional pharmaceutical companies, dedicated health food manufacturers, and well-known liquor companies entering the Angelica health food market. The competitive landscape is marked by product homogeneity and intense competition [46][47].