Andrographis herb extract Market Analysis & Opportunity Assessment, 2014 - 2020
Oct 15, 2014 | Chemicals & Materials | FMI
Andrographis herb is a member of Acanthaceae family. It is a native herb of India and Sri Lanka, and is widely cultivated in Southern and Southeast Asia. This herb extract is used as an alternative therapeutic remedy for curing a wide range of diseases. Andrographis herb is used to treat severe chronic diseases as well as common flu. It enhances the general immunityof the body and promotes good health. Apart from pharmaceuticals, the herb has applications in food preservation, livestock growth, and as a food supplement to increase nutritional value.
Multiple drug resistance, restrictions on use of synthetic antioxidant drugs, and side-effects of antibiotics have regenerated the demand for herbal extracts in medicines. Researchers are working on various medicinal herbs to develop a wide range of drugs. Andrographis herb is highly recommended for stomachic, hepatoprotective, dyspepsia, anthelmintic, and febrifuge. The herbal extract has great potential as a major component in around 27 Ayurvedic medicines and as a fragrance and flavoring agent in foods.
Andrographis herb extract market can be segmented by application into pharmaceuticals, food service, dietary supplements, and others. The market potential for Andrographis herb is high as it is used in a broad spectrum of drugs. It is a niche herb currently being used in Asian countries. However, Andrographis herb extract is projected to enter the mainstream market owing to growth in demand for dietary supplements and herbal medicines. Bioprex Labs, Kisalaya Herbals Limited, Konark Herbals and Health Care, and Perennial Life sciences Pvt. Ltd. are some companies operating in this market.
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