Asia-Pacific Dominates Medicinal Plant Extracts Trade: Deep Roots in Traditional Medicine, Challenges in Sustainable Sourcing, and Export Opportunities
The Asia-Pacific region is the unrivaled leader in the global Medicinal Plant Extracts (MPE) market, contributing over 45% of 2023 revenue. This dominance stems from two pillars: the region’s millennia-old traditional medicine systems (e.g., TCM in China, Ayurveda in India) and its unparalleled biodiversity, hosting 60% of the world’s medicinal plant species. Countries like China,...
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