Commercialization of medicinal plants (Part 1)....
India is a country where herbal remedies are always preferred first before visiting a doctor. And even some of the physicians also suggest use of old Ayurvedic remedies along with the allopathic drugs. Also, in case of beauty regimens herbal treatments are the first choice. Better therapeutic action and less side effects are the key factors driving the demand of herbal products and drugs. Since last few years, worldwide demand of herbal formulations have shown a visible growth and hence different healthcare and life science companies have focused on more production of herbal formulations. Based on the formulation category, the market for medicinal plants is segmented into pharmaceuticals, neutraceuticals, cosmeceuticals, spices etc. and hence the demand of herbal raw materials changes according to the market type. The raw material (medicinal plants) required for production of herbal formulations is either obtained from local farmers or is imported from different countries. T...