Production and Delivery of Traditional Medicines and Supplements

Herbal medicine

By Conscious Design on Unsplash

Back to Search
Production and Delivery of Traditional Medicines and Supplements
Production and Delivery of Traditional Medicines and Supplements
Select for Comparison
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Biotechnology and Pharmaceuticals
Business Model Description

Invest in B2C and B2B models engaged in manufacturing and distribution of traditional or herbal medicines and supplements. Some of the companies that are active in this space are:

Life Balance LLC was established in 2020 by TESO Group, one of the biggest group companies in Mongolia. They are manufacturing around 30 traditional supplements using forest berries and other herbs that grow only in Mongolia under the brand "MANA" with the ISO standard 9001, 22000, and 50001.

MONOS Foods was founded in 2012 by MONOS Group and became a public company in 2019 offering 30 percent of its share. It produces 87 products under 13 brands using traditional dairy products and herbs and distributes them through 6000 points in 21 provinces of Mongolia with ISO 9001:2015, FSSC 22000, 140001, 30400. They have been exporting their products to China and Japan since 2018.

Odi Tan LLC, established in 2015, grows 50 types of medicinal herbs for commercial purposes and produces 110 types of traditional medicine, 16 types of traditional supplements, and 20 types of traditional pharmaceuticals. Their 3 types of medicines and 2 types of medicinal teas are used for COVID-19 treatment.

Mong-Em LLC, established in 1990, has the capacity to produce 4 tons of traditional medicine of 270 types using various herbs for which they also have 28 hectares of plantation. Since 2012, Mong Em LLC started planting rare medicinal herbs in order to sustain the ecological balance. They also export their traditional medicine to Russia, Ukraine, and Poland upon request.

Expected Impact

Sustainably produce traditional medicine and supplements using local and native herbs to contribute to the overall well-being of the people.

How is this information gathered?
Updated: 8 Jul, 2023 Date of Production: 9 Jul, 2023
Mongolia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12)

Expand all

Print

Sector Sources
  • 1) WHO. (2022). Mongolia: crafting essential country-specific tools to tackle NCDs. [online] Available at: <https://www.who.int/news-room/feature-stories/detail/mongolia-essential-country-specific-tools-to-tackle-ncds#:~:text=Mongolia%20has%20one%20of%20the,cancer%20(24.6%25)%20in%202018.> [Accessed 16 October 2022]. 2) Government of Mongolia. (2019). Mongolia Voluntary National Review Report 2019: Implementation of the Sustainable Development Goals. Ulaanbaatar" 3) WCRF International. (2022). Global cancer data by country | World Cancer Research Fund International. [online] Available at: <https://www.wcrf.org/cancer-trends/global-cancer-data-by-country/> [Accessed 16 October 2022]. 4) Government of Mongolia, (2020). Vision 2050 5) United Nations Development Programme. (2020) Briefing note for countries on the 2020 Human Development Report, The Next Frontier: Human Development and Anthropocene. in , UNDP, 6) National Committee on Gender Equality. (2019). Study on sexual and reproductive health rights of girls and women with disabilities. 7) Government of Mongolia. (2018). Three-Pillar Development Policy. 8) Jigjidsuren A,, Oyun B. (2022). SUPPORTING THE REGULATION OF MEDICINES IN MONGOLIA, No. 49/ ADB EAST ASIA WORKING PAPER SERIES 13-14 < https://www.adb.org/sites/default/files/publication/799026/eawp-049-supporting-regulation-medicines-mongolia.pdf > accessed 17 October 2022. "9) National Statistics Office of Mongolia. Imports by goods. https://1212.mn/tables.aspx?tbl_id=DT_NSO_1400_010V2&13999001_select_all=0&13999001SingleSelect=_T1_T2&IMPORT_select_all=0&IMPORTSingleSelect=_29&YearM_select_all=0&YearMSingleSelect=&YearY_select_all=0&YearYSingleSelect=_2021_2020&viewtype=table"
IOA Sources
  • 10) “OTC Pharmaceuticals - Mongolia: Statista Market Forecast” (Statista) &lt;https://www.statista.com/outlook/cmo/otc-pharmaceuticals/mongolia&gt; accessed October 17, 2022 11) Health Development Center (2022) Health Indicators. Available at: http://hdc.gov.mn/media/uploads/2022-05/ERUUL_MENDIIN_UZUULELT_2021.pdf. 12) Kameoka, R & Yasufuku, N & Omine, Kiyoshi & Marui, A & Furukawa, Zentaro & Tuvshintogtokh, Indree & Mandakh, B & Bat-Enerel, Banzragch & Yeruult, Y. (2013). Geo-environmental field survey with cultivation of licorice in Mongolian arid land for combating desertification. 13) Khukhnokhoi K. (2022). Herbal Remedies Grow Popular Again, Thanks to Pandemic. https://globalpressjournal.com/asia/mongolia/herbal-remedies-grow-popular-thanks-pandemic/&gt; accessed October 18, 2022 14) National Statistics Office of Mongolia. Deaths by causes. https://1212.mn/mn/statistic/statcate/573056/table-view/DT_NSO_2100_011V1" 15) Batbold O, Banzragch T, Davaajargal D, Pu C. (2022) Crowding-out effect of out-of-pocket health expenditures on consumption among households in Mongolia. Int J Health Policy Manag. 2022;11(9):18741882. doi:10.34172/ijhpm.2021.91 16) National Statistics Office of Mongolia. Household income categories. https://www2.1212.mn/tables.aspx?tbl_id=DT_NSO_1900_032V1&Location_select_all=0&LocationSingleSelect=_1&Revenue_select_all=0&RevenueSingleSelect=_1_2_3_4_5_6&YearY_select_all=0&YearYSingleSelect=_2021&viewtype=table" "17) World Health Organization. (2017) The prevention and control of noncommunicable diseases in Mongolia. https://apps.who.int/iris/bitstream/handle/10665/259627/WHO-NMH-NMA-17.55-eng.pdf" 18) Government of Mongolia. (2020). Five-year Development Guidelines To Develop. https://legalinfo.mn/mn/detail?lawId=15584 19) Government of Mongolia, (2010). Law on Drugs and Medical Supply. https://legalinfo.mn/mn/detail/85 20) Mongolian Agency for Standard Metrology. (2006). General requirements for traditional powder medicines. 21) Mongolian Agency for Standard Metrology. (2015). General requirements for for the granting of a special license for the production of traditional medicines. "22) International Finance Corporation. (2022). Summary of Investment Information - XacBank Syn 2022. https://disclosures.ifc.org/project-detail/SII/47455/xacbank-syn-2022" 23) Government of Mongolia, (2015). Law on Value Added Tax 24) Magsar, U., Baasansuren, E., Tovuudorj, ME. et al. Medicinal plant diversity in the southern and eastern Gobi Desert region, Mongolia. j ecology environ 42, 4 (2018). https://doi.org/10.1186/s41610-018-0064-5 25) Uvs Seabuckthorn Cluster Group Webpage. About us: PURE SEA BUCKTHORN WILDCRAFTED FROM UVS, MONGOLIA. http://uvscluster.mn/eng/index.php/about-us"