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The Indian exotic herbs market is expected to be driven in the forecast period of 2021-2026 by the rising exports of medicinal herbs by India. India and China are the leading markets for medicinal herbs. India exports nearly 32, 000 tonnes of medicinal herb annually.
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The Indian exotic herbs market is supported by India's domestic as well as export markets intended for homoeopathy. Ladakh is witnessing a rising demand and attention for its rich provision of herbs. The Prime Minister declared Ladakh's 'solo' herb as 'sanjeevani' for the security personnel. First Agro, India's first commercial grower organisation, started producing exotic greens in the year 2011 and has adopted 'codex standards' to make sure the product is sans toxin and pesticide. This is expected to affect the exotic herbs industry in the country positively. Herbs are variously used in herbal beauty products whose demand is increasing as the consumers are becoming more aware of the benefits of exotic herbs.
Exotic herbs are those herbs that are grown at a land that is not native to that herb. For the growth of the herb to be successful, care and measures are taken to make the environment herb friendly.
Based on the variety, the Indian exotic herbs market is segmented into:
On the basis of the sector, the market is bifurcated into the organised and unorganised sector.
Based on the distribution channel, the industry is divided into:
India is the second-largest exporter of medicinal herbs in the world. India is second to China, with a total of 6,600 medicinal plants in the country. They both produce up to 70% demand for herbal medicine over the world. The awareness regarding the strengthening of the traditional medicinal system and its scientific purpose is rising in India, with various programmes taking place in the country, such as 'International Arogya 2017'. Various themes such as Ayurveda, Unani, Yoga and naturopathy, Siddha, and homoeopathy are trending in the Indian sub-continent; thus, promoting the healthy growth of herbs.
In India, Ladakh herbs and medicinal plants are an untapped niche, which is expected to be promoted worldwide to get the recognition they deserve. The outlook is such that the recognition will enhance the Indian exotic herbs market, including people as well as farmers of the region. Herbs have a high demand in Indian as well as international cuisine. Due to the booming restaurant industry, which is a consequence of the rising young population in the country and their inflating disposable incomes, the industry is further improving. The increasing globalisation has also aided the growth of the industry in India.
The herbal beauty industry is rapidly rising in India as the consumers are getting conscious of the health benefits these herbal products serve. The industry exhibits tremendous potential for future growth, further aiding the Indian exotic herbal market. The herbal beauty industry is constantly evolving by coming up with various innovations and new trends, including going organic and eco-friendly products. Consumers are leaning towards "natural" products sans parabens, mineral oil, sulphates, and synthetic colours. They are also getting conscious of the ingredients in the products they apply or consume, further accelerating the Indian exotic herbs market growth.
The report gives a detailed analysis of the following key players in the Indian exotic herbs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The report by EMR covers the macro and micro aspects of the industry. The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's Five Forces model, along with giving a SWOT analysis. It also analyses the price trends and trade data of the industry.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Exotic Herbs Market
6.1 Figure: Global Exotic Herbs Market Historical Market (2016-2020) and Forecast (2021-2026)
6.2 Chart: Global Market Share by Top Consumers
6.3 Chart: Global Market Share by Top Producers
7 Indian Exotic Herbs Market Analysis
7.1 Figure: Indian Exotic Herbs Historical Market (2016-2020) and Forecast (2021-2026)
7.2 Figure: Indian Exotic Herbs Market by Variety: Historical Market (2016-2020) and Forecast (2021-2026)
7.2.2 Lemon Grass
7.2.3 Parsley Leaves
7.2.5 Oregano Fresh
7.2.6 Garlic Chives
7.2.7 Rosemary Fresh
7.3 Figure: Indian Exotic Herbs Market Breakup by Sector: Historical Market (2016-2020) and Forecast (2021-2026)
7.3.1 Organised Sector
7.3.2 Unorganised Sector
7.4 Figure: Indian Exotic Herbs Market by Distribution Channel: Historical Market (2016-2020) and Forecast (2021-2026)
7.4.1 Unorganised Retail
8 SWOT Analysis
9 Value Chain Analysis
9.1 Value Chain Steps
9.2 Profit Margin
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Competitive Landscape
11.1 Shreenath Agro Tech Pvt Ltd
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Lawrencedale Agro Processing India Pvt Ltd.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Nisarg Nirman Agro Products Pvt. Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 S. P. Herbs.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Green Earth Fresh Produce (P) Ltd.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 Aayurmed Organic Herbals LLP
11.7.1 Company Overview
11.7.2 Financial Analysis
11.8 Mother Herbs (P) Ltd
11.8.1 Company Overview
11.8.2 Financial Analysis
11.9 Suminter India Organics
11.9.1 Company Overview
11.9.2 Financial Analysis
11.10 All-Season Herbs Pvt. Ltd.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.11 Reliance Retail
11.11.1 Company Overview
11.11.2 Financial Analysis
11.12 Big Basket
11.12.1 Company Overview
11.12.2 Financial Analysis
11.12 Natures Basket Limited
11.12.1 Company Overview
11.12.2 Financial Analysis
12 Industry Events and Developments
Additional Customization Available:
13 Cultivation Cost Analysis
The Indian exotic herbs market is expected to be supported by the growing exports of medicinal herbs in the forecast period of 2021-2026. India is the second largest exporter of medicinal herbs, exporting nearly 32, 000 tonnes of medicinal herbs per annum.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. based on its varieties, the industry in India can be segmented into basil, lemon grass, parsley leaves, chives, oregano fresh, garlic chives, and rosemary fresh, among others. The industry is bifurcated into the organised and unorganised sector. The major distribution channels in the industry are unorganised retail, supermarket/hypermarket, and online, among others. The key players in the above market include Shreenath Agro Tech Pvt Ltd, Lawrencedale Agro Processing India Pvt Ltd., Nisarg Nirman Agro Products Pvt. Ltd., S. P. Herbs., Anusayafresh, Green Earth Fresh Produce (P) Ltd., Aayurmed Organic Herbals LLP, Mother Herbs (P) Ltd, Suminter India Organics, All-Season Herbs Pvt. Ltd., Reliance Retail, Big Basket, and Natures Basket Limited, among others.
The major drivers of the industry such as the rising disposable incomes, increasing population, increasing awareness of the health benefits of herbs, rising exports, and the growing herbal beauty industry are expected to aid the market growth. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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