Haidar Mohammadi disclosed the figure on Tuesday at the 11th Exhibition on Iranian Food, Dietary, and Sports Supplements (IRAN SUPPLEX) and the 12th Conference on Green Gold in Tehran.
Saying the global market of medicinal herbs and natural products is believed to be worth $5 trillion, Mohammadi a department at the Iranian presidency that is dedicated to science and technology is looking to establish a consortium in the field of medicinal plants and natural products.
He said that Iran's FDA has issued some 4,700 business licenses in the country in the field of natural products and herbal medicines, adding that there are some 391 producers of natural products and 400 producers of supplements in the country.
Stating that there are about 1,200 medicinal herbs in Iran, he said that the country ranks fourth in the world in terms of research into the field.
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