Do you want to start a herb related business but you want to go niche? If YES, here are 27 best profitable herb business ideas & opportunities for 2020.
If you are looking towards starting a business that revolves around herbs, then you can be rest assured that you aren’t going to get it wrong because there are massive and growing markets globally for products made out of herbs. Herbs generally refer to the leafy green or flowering parts of a plant (either fresh or dried), while spices are usually dried and produced from other parts of the plant, including seeds, bark, roots and fruits.
Herbs have a variety of uses including culinary, medicinal, and in some cases, spiritual. General usage of the term “herb” differs between culinary herbs and medicinal herbs. Any part of the plant might be considered as “herb”, including leaves, roots, flowers, seeds, root bark, inner bark (and cambium), resin and pericarp. Here are some of the herb related business ideas that an aspiring entrepreneur can choose from;
27 Best Herb Related Business ideas & Opportunities for 2020
- Production of Herbal Dietary Supplements and Vitamins
If you are looking towards starting an herb related business, then one of the ideas that you should consider is the production of herbal dietary supplements and vitamins. Dietary supplements that come from plants and are marketed to improve or maintain one’s health.
Interestingly, dietary supplements can come in the form of pills, capsules, powders, gel tabs, creams, or liquids. Please note that there are competitions at different levels in this line of business hence you must ensure you come up with a unique formula that will be pretty effective.
- Production of Herbal Food Spices
Another profitable herbal business idea that is worth pursing is the production of herbal food spices. As a matter of fact, all the food spices that you know are made from herbs. I’m certain that you must have used or eaten food spiced with curry or thyme – these products are made from herbs and there is a global market for the products.
Please note in order to win your own fair share of the available market, you must invest in public relations and branding because there are major players already determining the market direction for this business.
Going into the production of herbal energy drinks is yet another profitable and popular herb related business idea that an investor should consider. There is indeed a large market for herbal energy drinks. Herbal energy drinks production companies produce soft drinks that help boost energy through various ingredients, including caffeine, vitamins and herbal supplements. Common vitamins and herbs include vitamin B, guarana and taurine.
Another herb related business idea that is trending in recent time is the production of herbal toothpaste. I have no doubt that there is a large market for herbal toothpaste and as a matter of fact, that’s the toothpaste I am currently using. The fact that there are big corporations that produce herbal toothpaste doesn’t mean that starting a small – scale herbal toothpaste production business won’t fly.
- Production of Herbal Hair Cream
You must have come across hair cream products that are made purely from herbs and some of the market lines that come with such products is that it will help your hair grow faster and retain its strength. So, if you are looking towards starting a business that revolves around herbs, then you should consider going into the production of purely herbal hair cream.
Aside from herbal hair cream, another similar product that an aspiring entrepreneur should consider if they are looking towards starting a business that revolves around herbs is the production of herbal hair oil and related products.
It is a known fact that herbal hair oil and similar hair care products are used in all parts of the world and those that are in the business of producing these products, are known to generate sales year in year out if the business is well – managed. As a matter of fact, economic downturn hardly affects the usage of herbal hail oils and similar herbal hair care products because it is a commodity that plays a major role in the beauty world.
- Production of Herbal Medicine
If you are interested in leveraging on the existing love for medicinal products made from plants, then you should consider starting an herbal medicine production company. Herbal medicine production companies are known to blend and package infusions made from plants in the form of pills, capsules, powders, gel tabs, creams, or liquids.
The fact that people are interested in taking less chemicals makes this type of business a viable and profitable one. Herbal medicine is one commodity that is consumed in all parts of the world and of course those that are in the business of producing herbal medicines and related supplements, are known to generate sales year in year out if the business is well – managed.
- Production of Herbal Tea
Another herb related business idea that an aspiring entrepreneur can start is the production of herbal tea. Some herbs can be infused in boiling water to make herbal teas (also termed tisanes). Typically, the dried leaves, flowers or seeds are used, or fresh herbs are used.
Herbal teas made from aromatic herbs may not contain tannins or caffeine, and are not typically mixed with milk. Common examples include chamomile tea, or mint tea. Herbal teas are often used as a source of relaxation or can be associated with rituals. Tea made from herbs such as ginger, garlic and gypsum et al are known to sell all across the world.
- Open a Purely Herbal Product Store
Opening a purely herbal product store where only herbal products can be retailed is yet another thriving and profitable herb business. A purely herbal product store is a retail outlet where different herbal products are sold and this business can be started in any location in the United States of America.
A purely herbal product store is a very easy business to start and it is not so capital intensive. Getting the right products that people want to buy and good stock keeping records are the secrets of running a purely herbal product store. A purely herbal product store can be run offline in the conventional retail store or online on an online e-commerce retail site.
Come to think of it, you can’t talk about best herb related business ideas without mentioning the role nutritionist and dietitians play in this regard. Nutrition and Dieting consultants are knowledgeable in how foods affect the healthy, physiology and well-being of a person. They help guide people not only into better eating habits and food intake for optimal health, but also for people to know how their body process the various food that they eat.
Please note that you are expected to pass the exams given by the American Academy of Nutrition Consultants before you can become a certified nutritionist. If you want to partake in this thriving industry, you would need to obtain all the necessary licenses and certifications.
People who are eager to learn how to make different types of herbal mixtures for different ailments can go all the way to search for helpful books from where ever they can find them. If you have resource materials on how to make different types of herb mixtures and list of various types of herbs (plants) with their health benefits et al, then you can write a book.
Just ensure that you do a thorough job in the book so as to simplify the processes and you won’t struggle to sell the book. Please note that the packaging of a book matters a lot so ensure that you book is well packaged.
Herbs and herbal products delivery service is all about helping people make and deliver fresh herbs at different locations. It could be homes, offices, hospitals, camp grounds et al. You will be the middle man between herbs farmers or herb products manufacturers and the customers/consumers.
This type of business is simple to start and it requires little or no startup capital. So, if you are looking for an herb related business idea to start, then you should consider registering your own herbs and herbal products delivery services.
- Start Supplying Fresh Herbs to Herbal Products Manufacturing Plants
Another herb related business idea that an aspiring entrepreneur who is looking towards launching a business should consider is a business that involves supplying fresh herbs (including leaves, roots, flowers, seeds, root bark, inner bark (and cambium), resin and pericarp) to herbal products manufacturing plants.
The fact that fresh herbs is a major ingredient when producing herbal products makes fresh herb supply business highly profitable. If you want to maximize profits in this business, then you should ensure that you own your own herbal plantation and spread your distribution network.
The fact that major herbal companies need constant supply of herbs from commercial herb farms makes those who own commercial herb farms stakeholders in the business value chain of herbal product production. Interestingly, you can easily cultivate different types of herbs in commercial quantity with little stress.
So, if you are looking for an herb related business idea, then you should consider starting a commercial herb farming business. Aside from supplying fresh herbs to herbal products production companies, you can as well sell your fresh herbs in farm markets within your location or community.
- Production of Herbal Body Cream
Another herb related business idea that an aspiring entrepreneur should consider is the production of herbal body cream. In recent time, body creams made from herbs are known to sell like wild – fire and the reason is not far – fetched.
People feel that it is healthier to make less use of chemical based products and more of natural products. The rule of the game here when it comes to this type of business is to ensure that your branding and packaging are top-notch and your products are effective.
- Production of Herbal Soap
The production of herbal soap is yet another herb related business that an aspiring entrepreneur should consider starting. If you are convinced that you have a winning formula for producing quality herbal soaps, then you should consider launching your own herbal soap production company.
Going into the production of herbal lipsticks and lip gloss is yet another herb related business that an investor can successfully start in the United States of America. During the 1940s, herbal cosmetics took a turn with the emerging red lipstick color, with every year gaining a more intense red.
If you have ever gone shopping especially as a lady, you can be rest assured that you will come across cosmetic shops and perhaps if you take your time to go in for window shopping, you will definitely find herbal lip gloss, lipsticks and other similar products from different international and local brands. This goes to show that there is indeed a thriving market for herbal lip products.
- Production of Ayurvedic Oil
Another herbs related business idea that is worth pursuing is the production of Ayurvedic oil. Ayurvedic oils are widely used in India, and they are prized for their natural health-giving properties. Interestingly, there is no Ayurvedic clinic that does not use Ayurvedic oil.
Ayurveda is a system of medicine with historical roots in the Indian subcontinent. So, If you decide to go into the production of Ayurvedic oil, then you target Ayurvedic clinics in and around your location because they are your major market.
- Production of Herbal Deodorants
The production of herbal deodorants is yet another herb related business that an aspiring entrepreneur can successfully start in the United States of America. People consider herbal deodorants safer than deodorants made from chemicals. One good thing about herbal deodorant manufacturing business is that the business can be targeted at national or international markets depending on your financial capacity.
- Production of Herbal Body Scrubs and Screens
Another herbs related business idea that is worth starting is the production of herbal body scrubs and screens. Body scrub is a body care product that has an exfoliating agent that restores human skins health and makes the skin glow. It is product that removes dead skin cells and increases blood circulation in the body.
The fact that herbal body scrubs and screens make the skin more supple makes the product in high demand globally. If you have a winning formula and you know the right combination of herbs to use, then you are likely going to win your own fair share of the available market in your area.
- Marijuana Extraction Business
One of the green and promising herb related businesses an aspiring entrepreneur that has eyes for the future should consider starting is to start a marijuana extraction business. This is a business that is just kicking off especially in the United States of America.
One of the reasons why an investor should consider starting a marijuana extraction business is the fact that marijuana products are forecasted the hottest movements in the specialty food industry. The fact that this line of business is not very popular means that you must be willing to undertake thorough feasibility studies and market research.
- Start Medical Marijuana Dispensary Business
Medical marijuana business is gradually gaining ground in the United States of America and loads of entrepreneurs are taking advantage of the new development to make money from it, and it attracts lower sale taxes especially in Colorado.
So, if you live in a country or state that legalized the use of marijuana as an alternative medicine and you are looking towards starting an herb related business, then you should consider starting your own medical marijuana dispensary business.
- Start Marijuana Cultivation Business
Another herb related business idea that an aspiring entrepreneur should consider starting is marijuana cultivation business. Known by the scientific name Cannabis sativa, marijuana is an annual herb closely related to the hops used in beer brewing.
Starting a marijuana cultivation business is one sure way of earning good money in the United States of America owing to the fact that the usage of marijuana is now becoming acceptable in a host of states. Marijuana cultivation is known to be a profitable business in recent time, it has evolved from small scale – backyard garden to a global industry in all countries where it’s carried out.
- Production of Marijuana Edibles
In recent time, especially as it relates to favorable legislature towards marijuana, loads of businesses have been springing up and one of such businesses is the production of marijuana edibles.
As an aspiring entrepreneur, if you have the required startup capital and perhaps the required experience and skills, then you should consider starting your own marijuana edible company. Various retailers already offer pot-infused pastries, candies and other food items, as producers continue to play a larger role within the billion – dollar specialty food industry.
- Start Strewing Herbs Business
Strewing herbs is yet another herb related business that an aspiring entrepreneur can start. Strewing herbs are scattered (strewn) over the floors of dwelling places and other buildings. Such plants usually have fragrant or astringent smells, and many also serve as insecticides (e.g. to repel fleas) or disinfectants.
For example, meadowsweet was sometimes strewn across floors in the middle ages because of its sweet smell. Your major clients for this type of business are traditional medicine houses, religious centers and forest – campgrounds et al.
Naturopathy which is a complimentary medical practice that uses natural remedies to help the body heal itself. It embraces many therapies, including herbs, massage, acupuncture, exercise, and nutritional counseling.
This includes therapies from the sciences of clinical nutrition, botanical medicines, homeopathy, physical medicine, exercise therapy, lifestyle counseling, and hydrotherapy, which is the use of water to treat a disorder or disease. Please note that licensed and registered Naturopathic Doctors must fulfill state-mandated continuing education requirements annually and have a specific scope of practice as defined by their state’s law.
- Start Moringa Farming
Although moringa farming is new in the United States of America, but if you are considering starting a commercial moringa farming business in the US, the good news is that you can’t get it wrong. This is because all the parts of moringa (the root, stem, leaf and seeds) are edible and they are used as raw materials in quite a number of industries such as food, beverages, cosmetics, pharmaceuticals, herbal medicine et al.
Moringa has the potential to improve nutrition, boost food security, foster rural development, and support sustainable land care and used for water purification. It may also be used as forage for livestock, a micronutrient liquid, a natural anthelmintic, and possible adjuvant.