A conservative estimate puts the monetary value of current global
trade in medicinal plants at over US$60 billion. With the increasing interest in
‘natural’ products across the world and the resultant upsurge in the demand for
medicinal plants, this trade is expected to grow up to 5 trillion by the year 2050. Aloe
Vera is among the few medicinal plants by virtue of their extensive medicinal,
nutraceutical and other uses enjoy a major chunk of the market across the globe. The major
markets for Aloe Vera and its extracts are Australia, US and the entire Europe. A recent
study carried out to identify the plants to focus on, in order to position the Indian
medicinal plants sector on its growth path with a long-term plan up to the year 2020, has
identified 45 plants. Among them, the following seven plants have been identified that
require concentrated attention for the next 5 years:
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