India Nutraceuticals Market Overview, 2027

India Nutraceutical Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

Nutraceuticals have their constitutional pillars very deeply established in Ayurveda. Absurdly, India, the land of Ayurveda, has a low consumption and compliance of nutraceuticals (as low as 14%). Surprisingly, nutraceuticals met low acceptance as an industry, despite a large section of the population in India dynamically adopting traditional cures. The nutraceutical industry also found itself continuously on the edge over regulatory matters in the Indian market. According to the Bonafide Research report titled, "India Nutraceutical Market Overview 2027", the Indian nutraceutical market is expected to grow at a CAGR of more than 22%. The Indian nutraceutical market is categorised into different types, namely by product type, by dietary supplement type, by functional beverage type, and by functional food type. Moreover, the Indian nutraceutical market accounts for 2% of the global nutraceutical market. The future demands will be rising for dietary supplements from the upper and middle classes. The pandemic has played a role in the tremendous growth of the nutraceutical industry in India. The COVID-19 crisis laid huge importance on building strong immunity using natural herbs and plants. Be it Ashwagandha or herbal kaadha for building strong immunity, the nutraceutical market in India has grown multitudinous since 2020. The pandemic has made the middle class shift from pharmaceuticals to nutraceuticals and dietary supplements.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Furthermore, the market is examined by product type, with functional food showing the highest market attractiveness with a CAGR of more than 27%.India's functional foods market is still very small, but as the food industry develops, it could offer a notable opportunity for functional food makers. Functional food, also termed as "nutraceutical" products (a hybrid of nutrition and pharmaceutical), is any fresh or processed food asserted to have health-promoting ingredients apart from its basic nutritional function. Moreover, functional food in India is currently still in its early stages, catering mostly to enlightened city dwellers, but the young population of dual-income households, with a rising income and a growing awareness of healthier eating, has led to muscular growth in this sector. Furthermore, in the dietary supplement market, botanicals show the highest market attractiveness index with a CAGR of more than 16%. Botanical extracts are an important component in the food and beverage segment. Botanical extracts are found in a growing number of product launches across all major segments, from beverages to baked goods and dairy products or savoury categories such as soups, sauces, and snacks. Moreover, factors such as an increase in the dietary supplements industry and rising disposable income will increase the market's mark during the forecast period. Additionally, rising awareness regarding consumer health will increase the growth of this market. The functional beverage market is another segment that drives India’s nutraceutical market. The segment is further divided into energy drinks, sports drinks, fortified drinks, and dairy and dairy alternatives. Dairy and dairy alternatives are the fastest growing markets in India with a CAGR of more than 31%. Major factors propelling market growth include animal-based traditional dairy products, which play a large role in causing food allergies. As a result, dairy product consumers are opting for vegan protein-based dairy alternatives, which are additionally fuelling demand for dairy alternatives in India. Moreover, the functional food market is seeing soy products as one of the fastest growing markets with a CAGR of more than 29%. The market is majorly driven by the increasing number of consumers seeking non-dairy beverage alternatives. As a result, the market for soy milk beverages has grown significantly. Further, new food production technology and new varieties of soybeans result in new flavours and create competition with cow’s milk and dairy products. However, the various health benefits of soy milk, such as lower cholesterol, heart disease reduction, and the increasing number of health-conscious consumers, are also some of the factors driving the market.

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: India • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • India dietary supplements • by supplement type market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on by product type in the report: • Dietary supplement • Functional foods • Functional beverages

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Manmayi Raval

Based on by Dietary Supplement type in the report: • Vitamins • Minerals • Botanicals • Amino acids/ protein • Probiotics • Other type Based on by functional beverages type market in the report: • Energy drinks • Sports drinks • Fortified juice • Dairy and Dairy alternatives • Other functional beverages Based on by other functional food type market in the report: • Bakery and cereals • Dairy products • Meat, Fish & Eggs • Soy products • Fats & Oils • Other functional foods The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to medical industry, dietary supplement manufacturers, suppliers, associations & organizations related to nutraceutical supplements market, trends and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. India Macro Economic Indicators
  • 4. India Nutraceuticals Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies & Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. India Nutraceuticals Market Trends
  • 6. India Nutraceuticals Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Product Type
  • 6.2.2. By Dietary Supplements Type
  • 6.2.3. By Functional Beverages Type
  • 6.2.4. By Functional Foods Type
  • 7. India Nutraceuticals Market Segmentations
  • 7.1. India Nutraceuticals Market, By Product Type
  • 7.1.1. India Nutraceuticals Market Size By Value, By Dietary Supplements Type, 2016 - 2027F
  • 7.1.2. India Nutraceuticals Market Size By Value, By Functional Beverages, 2016 - 2027F
  • 7.1.3. India Nutraceuticals Market Size By Value, By Functional Foods, 2016 - 2027F
  • 7.2. India Nutraceuticals Market, By Dietary Supplements Type
  • 7.2.1. India Nutraceuticals Market Size By Value, By Vitamins, 2016 - 2027F
  • 7.2.2. India Nutraceuticals Market Size By Value, By Minerals, 2016 - 2027F
  • 7.2.3. India Nutraceuticals Market Size, By Botanicals, 2016 - 2027F
  • 7.2.4. India Nutraceuticals Market Size By Value, By Amino acid & proteins, 2016 - 2027F
  • 7.2.5. India Nutraceuticals Market Size By Value, By Probiotics, 2016 - 2027F
  • 7.2.6. India Nutraceuticals Market Size By Value, By Other types, 2016 - 2027F
  • 7.3. India Nutraceuticals Market, By Functional Beverages Type
  • 7.3.1. India Nutraceuticals Market Size By Value, By Energy Drinks, 2016 - 2027F
  • 7.3.2. India Nutraceuticals Market Size By Value, By Sports Drink, 2016 - 2027F
  • 7.3.3. India Nutraceuticals Market Size By Value, By Fortified Juices, 2016 - 2027F
  • 7.3.4. India Nutraceuticals Market Size By Value, By Dairy and Dairy Alternative Beverages, 2016 - 2027F
  • 7.3.5. India Nutraceuticals Market Size By Value, By Other Functional Beverages, 2016 - 2027F
  • 7.4. India Nutraceuticals Market, By Functional Foods Type
  • 7.4.1. India Nutraceuticals Market Size By Value, By Bakery & Cereals, 2016 - 2027F
  • 7.4.2. India Nutraceuticals Market Size By Value, By Dairy Products, 2016 - 2027F
  • 7.4.3. India Nutraceuticals Market Size, By Meat, Fish & Eggs, 2016 - 2027F
  • 7.4.4. India Nutraceuticals Market Size By Value, By Soy Products, 2016 - 2027F
  • 7.4.5. India Nutraceuticals Market Size By Value, By Fats & Oils, 2016 - 2027F
  • 7.4.6. India Nutraceuticals Market Size By Value, By Others, 2016 - 2027F
  • 8. India Nutraceuticals Market Opportunity Assessment
  • 8.1. By Nutraceuticals, 2022F to 2027F
  • 8.2. By Dietary Supplements Type, 2022F to 2027F
  • 8.3. By Functional Beverages Type, 2022F to 2027F
  • 8.4. By Functional Beverages Type, 2022F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Table
Table 1: India Nutraceuticals Market Size of By Dietary Supplements Type (2016 to 2027F) (In USD billion)
Table 2: India Nutraceuticals Market Size of Functional Beverages (2016 to 2027F) (In USD billion)
Table 3: India Nutraceuticals Market Size of Functional Foods (2016 to 2027F) (In USD billion)
Table 4: India Nutraceuticals Market Size of Vitamins (2016 to 2027F) (In USD billion)
Table 5: India Nutraceuticals Market Size of Minerals (2016 to 2027F) (In USD billion)
Table 6: India Nutraceuticals Market Size of Botanicals (2016 to 2027F) (In USD billion)
Table 7: India Nutraceuticals Market Size of Amino acid & proteins (2016 to 2027F) (In USD billion)
Table 8: India Nutraceuticals Market Size of Probiotics (2016 to 2027F) (In USD billion)
Table 9: India Nutraceuticals Market Size of Other types (2016 to 2027F) (In USD billion)
Table 10: India Nutraceuticals Market Size of By Energy Drinks (2016 to 2027F) (In USD billion)
Table 11: India Nutraceuticals Market Size of Sports Drink (2016 to 2027F) (In USD billion)
Table 12: India Nutraceuticals Market Size of By Fortified Juices (2016 to 2027F) (In USD billion)
Table 13: India Nutraceuticals Market Size of Sports Drink (2016 to 2027F) (In USD billion)
Table 14: India Nutraceuticals Market Size of By Fortified Juices (2016 to 2027F) (In USD billion)
Table 15: India Nutraceuticals Market Size of Bakery & Cereals (2016 to 2027F) (In USD billion)
Table 16: India Nutraceuticals Market Size of Dairy Products (2016 to 2027F) (In USD billion)
Table 17: India Nutraceuticals Market Size of Meat, Fish & Eggs (2016 to 2027F) (In USD billion)
Table 18: India Nutraceuticals Market Size of Soy Products (2016 to 2027F) (In USD billion)
Table 19: India Nutraceuticals Market Size of Fats & Oils (2016 to 2027F) (In USD billion)
Table 20: India Nutraceuticals Market Size of Others (2016 to 2027F) (In USD billion)
Table 21: Key Facts of Company 1
Table 22: Key Facts of Company 2
Table 23: Key Facts of Company 3
Table 24: Key Facts of Company 4
Table 25: Key Facts of Company 5
Table 26: Key Facts of Company 6
Table 27: Key Facts of Company 7
Table 28: Key Facts of Company 8

List of Figure
Figure 1: India Nutraceuticals Market Size By Value 2016 to 2027F (In USD billion)
Figure 2: India Nutraceuticals Market Share By Value By Product Type (2016, 2021 & 2027F)
Figure 3: India Nutraceuticals Market Share By Value By Dietary Supplements Type (2016, 2021 & 2027F)
Figure 4: India Nutraceuticals Market Share By Value By Functional Beverages Type (2016, 2021 & 2027F)
Figure 5: India Nutraceuticals Market Share By Value By Functional Foods Type (2016, 2021 & 2027F)
Figure 6: Market Attractiveness Index, By Product Type
Figure 7: Market Attractiveness Index, By Dietary Supplements Type
Figure 8: Market Attractiveness Index, By Functional Beverages Type
Figure 9: Market Attractiveness Index, By Functional Beverages Type
Figure-10: Porter's Five Forces Meter of Nutraceuticals Market in India
Logo

India Nutraceuticals Market Overview, 2027

Contact usWe are friendly and approachable, give us a call.