ABSTRACT
Botanicals have a growing global market due to their demand as nutraceutical and herbal products. Herbal products are a very diverse category of plant products and extracts that are known as dietary supplements (United States), natural health products (Canada), phytomedicines (Europe), and traditional medicines (developing countries) (Foster, Arnason, and Briggs 2005). The world market for herbal medicine, including herbal products and raw materials, has been estimated to have an annual growth rate between 5 and 15%. Increased demand for medicinal plants for pharmaceuticals, phytochemicals, nutraceuticals, cosmetics, and other products is an opportunity sector for Indian trade and commerce (Singh, Singh, and Khanuja 2003).
