Indian Botanical Natural Product Markets: Food, Pharma, Dietary Supplements & Personal Care
Post Series: Reflections on India
You might recall my earlier post in this series, “Ayurveda & The Global Market for Medicinal Plants”, which showed that global supply chains are shifting due to realization of over-reliance on China, and India emerging as a top alternative. India, by the numbers, represents not only a strong choice for medicinal plant diversity, but also for its established and fast-growing domestic market.
Beyond the trade statistics and strong traditional medicine system, Indian botanicals are already accepted through regulations in many global markets.
There are useful botanicals with mounting science and room for development in all natural product markets, including Dietary Supplements, Foods/Functional Foods, Pharma & Personal Care.
Dietary Supplements are numerous and include the top-selling adaptogen, Ashwagandha. Other popular choices include Andrographis for Immune Support, Garcinia for Blood Sugar Balance, and Mucuna for Mood Support.
With the richness of spice used in Indian cuisine, it is not surprising that several of the Indian spices are world-renown, with the very famous Turmeric root imparting a bright yellow color and widely supporting health; the adaptogen that is common in cuisines, Holy Basil; the flavor that spans food, beverage, confections and supplements, Licorice; and the world most traded spice, Black Pepper.
Personal Care botanicals can be found to support all areas of the body, with Amla, the adaptogen with inner/outer beauty applications; the famous Neem, with so many uses, including hair and skin care; Sandalwood, with its famous sought-after scent that has been used to perfume the body and enhance skin and hair care; and Henna for its dying applications for hair and body.
Indian botanicals have also given us several important Pharmacueticals, including the anticancer drug from Taxus brevifolia, the semisynthetic muscle relaxant and antiinflammatory drug Thiocholchicoside derived from cholchicoside, present in Gloriosa superba; and Forskolin from Coleus forskohlii used for reducing intraocular pressure.
With numerous topics that are gaining importance world-wide, such as Ayurveda, Yoga, and Siddha, there is an expected boost in the herbal sector specifically for Indian Botanicals. The global botanical ingredients market size was valued at USD$ 164.4 billion in 2022 and expected to grow at 6.9% CAGR through 2030, according to a report by Grand View Research.
To learn more about some of these Indian Botanicals, see my Indian botanical Deep Dive posts, visit K. Patel Phyto Extractions Pvt. Ltd. , or www.phytoextractskp.com to subscribe to our newsletter.
hashtag#ethnobotany hashtag
hashtag#medicinalplants hashtag
hashtag#biodiversity hashtag
hashtag#botanicalshashtag#hashtag
hashtag#india hashtag
hashtag#globaltrade hashtag
hashtag#ayurveda