India Nutraceuticals Market Outlook (2021-2027)
Market Forecast By Types (Dietary Supplement, Functional Food, Functional Beverage), By Distribution Channels (Offline, Online), By Regions (Eastern, Western, Northern, Southern) And Competitive Landscape
According to 6Wresearch, the India Nutraceuticals Market size is projected to grow at a CAGR of 29.5% during 2021-2027. With rising fitness industry owing to increase in health awareness among people and covid-19, demand for supplements, healthy foods & beverages are increasing and will see huge jump in coming years as people are focusing more on improving their immunity. Growing focus on preventive healthcare and increasing disposable income also contributed to India nutraceutical market growth trajectory. Offers and discounts provided by e-commerce platforms attract people to buy variety of products from these platforms (especially young generation) including nutraceuticals.
India nutraceuticals market is expected to witness a decent growth owing to growing focus on preventive healthcare, increasing disposable income and rise in e-commerce sector. The spread of covid-19 in 2020 boosted the nutraceuticals market of India owing to the increased health awareness amongst people to curb the spread of the virus and the sales of nutraceuticals started to rise further as people being at home had ample amount of time for workout at home and increasing number of workout videos led to a trend of home workout in the country resulting in an increased demand for supplements. Moreover, with the gradual upliftment of lockdown restrictions, the fitness sector started to reopen which contributed to the Indian nutraceuticals market growth trajectory.
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Market by Types Analysis
In term of types, dietary supplement and functional food segments cumulatively have captured 86% of the market revenues in 2020, with dietary supplement leading the market.
Key Highlights of the Report
India Nutraceuticals Market Overview
India Nutraceuticals Market Outlook
India Nutraceuticals Market Trends
India Nutraceuticals Market Forecast
Market Drivers
Market Restraints
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Competitive Benchmarking
Company Profiles
India Nutraceuticals Market Share of top players
Key Strategic Recommendations
Historical Data and Forecast of India Nutraceuticals Market Revenues for the Period 2017-2027F
Historical Data and Forecast of India Nutraceuticals Market Revenues, By Types, for the Period 2017-2027F
Historical Data and Forecast of India Nutraceuticals Market Revenues, By Regions, for the Period 2017-2027F
Historical Data and Forecast of India Nutraceuticals Market Revenues, By Distribution Channels, for the Period 2017-2027F
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