According to statistics, the market size of China’s health food industry has grown steadily, from 148.2 billion yuan in 2017 to 184.7 billion yuan in 2020, with a compound annual growth rate of 7.75%. According to China’s economic development status and industry development trend, the market size of China’s health food industry is expected to exceed 200 billion yuan in 2022.
National industrial policies are conducive to the development of the industry: the raw material industry of health products is one of the industries vigorously supported by China. A number of policies support the development of the health products industry and provide a good environment for the development of the health products industry.

Aging accelerates the development of the industry: Due to the large population base in China, the number of the elderly
population is huge. As human body functions gradually decline with age, the elderly are more and more eager to pursue health, and the potential capacity of health products market in China is large due to the aging population.