Cultivation of Medicinal Herbs with Uses
Cultivation of Medicinal Herbs with Uses (Abelmoschus Moschatus, Abroma Augusta, Abrus Precatorius, Acacia Arabica, Acacia Catechu, Acacia Fernesiana, Acanthus Ilicifolius, Achillea Millefolium, Achyranthes Aspera, Aconitum Napellus, Aconitum Heterophyllum, Acorus Calamus, Adansonia Degitata, Adina Cordifolia, Adhatoda Vasika, Alce Rosea)
Medicinal herbs are the local heritage with global importance. World is endowed with a rich wealth of medicinal herbs. The Variety and sheet number of plants with therapeutic properties is quite astonishing. Medicinal herbs have curative properties due to presence of various complex chemical substance of different composition, which are found as secondary plant metabolites in one or more parts of these plants.
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These plant metabolites, according to their composition, are grouped as alkaloids, glycosides, corticosteroids, essential oils etc. During the past decade, a dramatic increase in exports of medicinal herbs attests to worldwide interest in these products as well as in traditional health systems. The pharmaceutical industries have made massive investment on pharmacological, clinical and chemical researches all over the world in past five decades. Efforts have been made to discover still more potent plant drugs. The benefits of these efforts would reach to the masses in future in farmers initiate commercial cultivation of medicinal herbs. In fact, agricultural studies on medicinal herbs, by its very nature, demand an equally large investment and higher priority. India, in particular, has a big scope for the development of pharmaceutical and physiochemical industry. The medical plants for health are used as herbal treatments and therapies that can be new habits for culture. Medicinal plants constitute a large segment of the flora, which provide raw materials for use by various industries. They have been used in the country for a long time for their medicinal properties. These plants are staging a comeback and herbal renaissance is happening all over the globe. The herbal medicines today symbolise safety in contrast to the synthetics that are regarded as unsafe to human and environment.
Market Outlook
India is also developing strategies to capture the $14 billion global market for medicinal herbs (plant raw materials) and $60 billion market for herbal medicines and food supplements. The demand for medicinal plant-based raw materials is growing at the rate of 15 to 25 per cent annually.
India Ayurvedic products market is projected to register a CAGR of 16% during 2016-2021.
The Global Ayurvedic Market is accounted for $3,428.0 million in 2015 and is expected to reach $9,791.0 million by 2022 growing at a CAGR of 16.2% from 2015 to 2022.
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