The nutraceuticals market in India is growing at a rapid rate over the period of last seven years. This growth rate can be attributed to rise in health consciousness, increasing awareness about the various types of nutraceuticals available in the market and willingness of people to spend on health fortifying food and additives. In terms of revenue, the nutraceuticals industry of India has showcased a rapid growth at a ~% CAGR over the period. The revenues have grown from USD ~ million in FY’2006 to USD ~ billion in FY’2013.
India nutraceuticals market is dominated by the functional food and beverages segment which accounted for ~% share in FY’2013. However, the industry has witnessed the rapid growth of the dietary supplements market, propelled by increasing awareness amongst people to guard themselves against chronic diseases. The sales of vitamins have dominated the dietary supplements market over the years, with minerals supplements closely following behind. The marketplace has witnessed increasing consumer interest for the energy and sports drinks in recent years, largely propelled by a growing demand from the young and affluent professionals.
While the functional food and beverages market is highly cluttered with a host of small and big players, Amway has been a dominant player in dietary supplements market for the past few years which accounted for ~% share in the overall revenues of the dietary supplements industry. Dabur India and Ranbaxy constitute other major players with a percentage contribution of ~% and ~% respectively.
The nutraceuticals market of India is still underpenetrated, with a major presence in urban parts if the country. The vast population base of India has presented wide prospects for the nutraceuticals market to flourish over the years. Busier lifestyles of the urban middle class population have encouraged increasing consciousness about health and fitness, which are likely to be the major driving force behind the growth of the nutraceuticals industry in the future The revenues of the nutraceuticals industry are expected to increase at a CAGR of ~% to reach USD ~million by FY’2018.
Key Topics Covered in the Report:
India Nutraceuticals Industry Market Size
India Functional Food and Beverages Market
India Functional Food Market Segmentation
India Functional Food and Beverages Market Trends and Developments
India Dietary Supplements Market
India Dietary Supplements Market Segmentation
India Dietary Supplements Market Competitive Landscape
Market Share of Major Players Operating in India Dietary Supplements Market
India Nutraceuticals Imports and Exports
India Nutraceuticals Industry Trends and Developments
India Nutraceuticals Industry
India Pharmaceutical Industry Revenues
Market Structure of Nutraceuticals Industry in India
India Functional Food and Beverages Market Size on the Basis of Revenues in USD Million
India Dietary Supplements Market Size
Urban Population in India in Million
Out-of-Pocket Health Expenditure in India in USD Million
Public Health Expenditure in India in USD Million
Foreign Direct Investments in Drug and Pharmaceuticals in India in USD Million
Number of Working Women in India in Million
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