- Medicinal herbs are widely used in traditional and modern medicine systems due to their therapeutic properties, offering remedies for a wide range of conditions including digestive disorders, respiratory issues, cardiovascular ailments, and immune deficiencies. They are also extensively utilized in dietary supplements, teas, tinctures, and topical formulations
- The demand for medicinal herbs is significantly driven by the growing preference for natural and organic health products, increasing awareness of preventive healthcare, and the rising global burden of chronic diseases. Additionally, consumer shifts toward plant-based and holistic treatment options are propelling market growth
- The Asia-Pacific region stands out as the dominant region for medicinal herbs, backed by its long-standing traditions of herbal medicine, especially in countries like China, India, and Japan. The region also benefits from abundant natural resources and a well-established supply chain of herbal raw materials
- For instance, traditional Chinese Medicine (TCM) and Ayurveda continue to see global expansion, with increased exports and international collaborations from countries in the Asia-Pacific region
- Globally, medicinal herbs are among the top alternative therapies utilized in integrative medicine approaches and are considered vital for developing new pharmaceuticals, functional foods, and cosmeceuticals due to their bioactive compounds
