Awareness of export potential of herbs is low in India: NPMB
Sachin Manawaria | The Dollar Business According to a government report, the global herbal market is expected to grow steadily in the coming years with growing demand for herbal products worldwide. The Ministry of Science and Technology says in its report that the global herbal market is expected to be grow to around $5 trillion by 2050, but India’s current share is estimated at below 2%. The report adds that herbal remedies are important in countries like China and would become increasingly important in developing countries like India in the coming years. Standardisation is a bottleneck that has gained some attention among companies producing herbal products across the world. However, efforts are required to develop the cultivation of such ...
