2024年中国备案中药材保健食品行业概览

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The Chinese health food industry made from registered medicinal materials is experiencing unprecedented growth opportunities due to rising consumer health awareness and the popularity of traditional Chinese medicine among younger generations [4][19] - The dual regulatory system of registration and filing in the health food industry simplifies the entry process, with the recent inclusion of traditional medicinal materials like ginseng, American ginseng, and reishi mushrooms in the filing raw material directory expected to further stimulate market potential [6][25] Summary by Sections Overview of the Industry - The health food industry in China is witnessing significant growth driven by increased health consciousness among consumers and the integration of traditional Chinese medicine into daily health management [4][19] - The concept of "food and medicine homology" has expanded its application scenarios, integrating into various aspects of public health and dietary practices [5][19] Regulatory Framework - The current regulatory framework consists of a dual system of registration and filing, with the filing process being less stringent, allowing for easier market entry [6][25] - The first batch of traditional medicinal materials has been officially included in the health food filing raw material directory, marking a significant policy shift [25] Market Size and Growth - The market size of the registered health foods made from Chinese medicinal materials has grown from 18.16 billion yuan in 2021 to 56.01 billion yuan in 2023, with a CAGR of 75.64% [36][38] - Projections indicate that the market will continue to expand, reaching approximately 94.69 billion yuan by 2028, with a CAGR of 11.19% during the forecast period [38] Industry Chain Analysis - The industry chain consists of upstream raw material suppliers, midstream manufacturers, and downstream sales channels, with each segment playing a crucial role in the overall market dynamics [43] - Upstream suppliers include various producers of medicinal materials, while midstream manufacturers focus on product development and production [43] Competitive Landscape - The competitive landscape features a mix of large pharmaceutical companies and specialized health food firms, with companies like Baihe Co., Huaren Sanjiu, and others leading the market [60] - The first tier of companies includes those with strong brand recognition and diverse product lines, while the second tier consists of well-established pharmaceutical groups focusing on health food production [60]