19-10-2012, 05:35 PM
Herbal Industry
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About Herbal Industry:-
India is a land to about 17,000 species of higher plants, out of which 7500 are known for their therapeutic uses. Ayurveda, has alone reported approximately 2000 medicinal plant species, followed by Siddha and Unani. The Charak Samhita, an ancient written document with rich literature regarding herbal therapy, production of around 340 herbal drugs and their indigenous uses for curing various ailments and diseases. According to a study (Kate 1999), 18% of the world's top 150 prescription drugs are derived from plant sources. The demand for medicinal plant-based raw materials is growing at the rate of 15 to 25% annually worldwide. Global market size for herbal and medicinal plants is estimated at US$ 60 billion and is projected to reach US$ 5 trillion by 2050 (source WHO 2003). About 75% to 80% of the total exports of crude drugs come from India.
India dominates the world market in production and export of Psyllium husk and seeds. India exports 80% of the psyllium available in the world market. The United States is the world's largest importer of psyllium "husk" with over 60% of total imports going to pharmaceutical firms. Metamucil, is India's single largest customer.
The trend growth rate of India from the year 1991 to 2002 shows 4.95% growth of world export value of medicinal plants. Similarly the trend growth rate of China from 1991-2002 is 7.38%.