The herbal extracts sector in India has witnessed substantial growth in recent years. The global demand for naturally extracted and plantbased products has risen significantly. With increasing awareness around health and wellness and growing consumer preference for organic and clean-label ingredients, the herbal extracts market is growing quickly in India. With its biodiversity and history of Ayurveda, India is in a position of opportunity.

Indian herbal extracts market will have steady growth through CAGR due to both the domestic as well as the export market. Some developments propel growth, of which the enhanced use of herbal ingredients in drugs, nutraceuticals, cosmetics, as well as food and beverages having functional properties are the key factors. Export orders, particularly from the US, Europe, as well as Southeast Asia, are also responsible for fresh business for Indian producers.

Enterprise growth here is being complemented by progressive government efforts favouring Ayurveda and classical systems of medicine. Companies and SMEs are entering the market, as the entry barriers are low with consumer demand. The value chain has been organized, as traditional companies have started to invest in backward integration, quality and certification pipelines, and sustainable sourcing mechanisms to reach standard specifications. The size of the market is enormous, likely to be several billion dollars considering not only...