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20 Profitable Medicinal Herbs You Can Grow Commercially

The organic farming practice of medicinal herbs is increasing rapidly all across the globe. The herbs have a good export potential also. Growing, processing, and selling medicinal herbs is a better opportunity for farmers. Medicinal herbs growing is also considered commercial cash crop cultivation.

Any individual having vacant land and an irrigation source can start growing medicinal herbs commercially. From a commercial point of view, it is important to have a prior market feasibility report of the particular herbs that you are planning to grow.

In this article, we intend to explore some of the basic considerations in medicinal herbs farming and a list of the most profitable medicinal herbs to grow with low investment.

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List 0f 20 Medicinal Herbs To Grow

#1. Aloe vera – Aloe Barbadensis Miller

Aloe vera is a high-value medicinal herb. It has several usages in the industry. Such as in cosmetics, medicine, and beverages. You can start aloe vera farming with a small capital investment.

#2. Amla – Phyllanthus Emblica

Amla is an important crop in India. It has a high medicinal value. Amla is used in the medicine and cosmetics industry. This is a tropical plant. You can grow amla in light and medium-heavy soil except on purely sandy soil.

#3. Ashwagandha – Withania Somnifera

Ashwagandha grows well in the dry and sub-tropical regions. Madhya Pradesh, Haryana, Gujarat, Punjab, and Rajasthan are the major growing states in India. Organically grown ashwagandha has good market potential.

#4. Basil – Ocimum basilicum

In India, basil is known as Tulsi. The plant is considered as “Queen of Herbs”. The plant has many medicinal properties. In addition, the pharmaceutical, cosmetics, and processed food industries are the major consumers of it. Furthermore, you can grow basil in any type of climate, including tropical and sub-tropical.

#5. Brahmi – Bacopa Monnieri

Brahmi has a high medicinal value. It is one of the traditional and early-age herbs in India. The plant has fleshy, oval-shaped leaves 1-2cm long, from opposite along the stems. Small, tubular, five-petaled, white flowers develop in leaf terminals and can blossom over many months of the year.

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#6. Calendula – Calendula officinalis

Calendula is easy to grow the plant. It has huge medicinal value. In addition, you can grow calendula on poor land with partial or full sun. However, it does require regular watering. So you must be careful about the irrigation system of your Calendula farm.

#7. Daruharidra – Berberis Aristata

Daru Haridra is an important Ayurvedic medicine. It is also used in juice production and in the cosmetics industry. The plant prefers light, medium, and heavy soils. In addition, you can grow this plant in heavy clay and even in nutritionally poor soil.

#8. Guggal – Commiphora Wightii

Rajasthan is in the top position in guggul farming in India. It has had rich medicinal value for a long back. The plant is a woody shrub with a knotty, crooked, spring-brown variety. Guggal is considered a drought aria salinity-resistant plant.

#9. Jatamansi – Nardostachys Jatamansi

Basically, the medicine, perfumery, and cosmetics industries are the major consumers of Jatamansi. Generally, Jatamansi is harvested for local use and for the trading purpose of its roots and rhizomes.

#10. Jatropha – Jatropha curcas

Jatropha is one of the best oilseed plants. It has medicinal properties as well as for industrial purposes. The plant prevents soil erosion. Additionally, you can grow the crop in the wasteland, poor soil, low rainfall, and drought areas.

#11. Kesar – Crocus sativus

Saffron is known as Kesar. It is the most expensive spice in the world. Saffron is majorly used in culinary seasoning and to get color with taste in different food products. It has a high medicinal value.

#12. Lavender – Lavandula

Generally, lavender farming is profitable in India. Basically, you can grow lavender only in the Himalayan region, wherever it snows. Because it requires water only when first planted.

#13. Lemongrass – Cymbopogon

Basically, lemongrass is a perennial plant. Lemongrass is one of the commercially cultivated crops in India in a wide range. Apart from medicinal value, it is the major used in perfumery, cosmetics, soaps, detergents, and beverages.

#14. Parsley – Petroselinum crispum

Parsley prefers well-drained, moisture-retaining soil. Additionally, parsley requires a good amount of light to grow. You must have a frequent watering system in summer.

#15. Patchouli – Pogostemon cablin

Patchouli is one of the important aromatic plants. Additionally, you can cultivate the crop for its oil. A humid climate with plenty of sunlight is suitable for this crop. The plant grows well as an intercrop in partial shade. However, you must avoid the complete shade.

#16. Safed Musli – Chlorophytum Borivilianum

This plant has some excellent Ayurvedic properties. You can grow anywhere in the country. Commercial cultivation with good crop management practices will give you wonderful profit.

#17. Sarpagandha – Rauvolfia Serpentina

Sarpagandha has different medicinal values. Basically, Sarpagandha is a profitable herb. The plant prefers soil with plenty of humus and rich in nitrogenous and organic matter with good drainage. Alkaline soils are not suitable for commercial cultivation.

#18. Stevia – Stevia Rebaudiana

Basically, stevia is popular as a sugar substitute. Additionally, stevia cultivation in India is profitable. It has medicinal value and is also used in the cosmetics industry.

#19. Vanilla – Vanilla planifolia

Vanilla is one of the costliest spices in the market after saffron. Additionally, Ayurveda, medicines, and processed food industries are the major consumers of vanilla. However, Karnataka is in the top position in India in vanilla cultivation.

#20. Yashtimadhu – Glycyrrhiza glabra

The English name is Liquorice. Yastimadhuis one of the most popular medicinal herbs in India and also abroad. The root of the plant (licorice) contains a substance called glycyrrhizin which is 50 times sweeter than sugar.

Questions To Ask Before Starting Medicinal Herbs Farming

For a successful medicinal herbs farming business, you must take it as a profit-making commercial venture. Just like any other business. These are the basic questions, you must ask yourself before getting into the field.

  • What should I plant? According to the climate, soil condition, and available irrigation facility, you must select the right species for farming.
  • How much area does it require? According to the land available, select the right herb. Because, some of them have high yield capacity and generate profitability with a small piece of land, but some of them are just the opposite. Smaller acreage will not give a close cost-of-goods production figure. This data is critically important for any successful expansion program. Each crop has its own idiosyncrasies.
  • How much money do I need? This is one of the most important factors. You must have a detailed financial plan before starting the plantation.
  • Do I have suitable land for herbs? You must take into account the soil quality and of course the PH balance. Check about the irrigation facility.
  • Should I go with monoculture or polyculture?  For a small herb farm venture, it is advisable to use what is known as a polyculture situation. This is where more than six crops are grown, rather than a monoculture program. This gives the small farmer protection against saturated markets, giving him better stability in both marketing and cash flow.
  • Where is the market? This is the most crucial factor for a small-scale medicinal herbs farm. Your product must be organically grown and labeled. It is recommended to get into the export.

Due to the growth of the herbal medicinal industry, the demand for medicinal herbs is bound to grow. If you have land to spare, growing medicinal herbs might be a potentially profitable business.

About Next What Business Research Team

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.