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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4880 |
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These two markets are the key driver of global herbal trade.
Presently, India contributes less than 1% to the global herbal market however it is fast emerging as a key supplier of medicinal plants across the globe. The present value of the entire ayurvedic production in India is estimated around USD 1 bn while annual exports are pegged at USD 100 mn...
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Of the total exports 60% is crude herbs, 30% is finished product shipped abroad for direct sales to consumers, and the remaining 10% is partially prepared products to be finished in the foreign countries. Apart from the traditional herbal formulations, cosmetics and neutraceuticals are two upcoming opportunity segments which are expected to be the future growth drivers of the herbal industry...
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