The Indian nutraceuticals market is projected to grow at a significant CAGR of 10.3% during the forecast period. The key factors that drive the growth of the market include the rapid growth in the healthcare industry in the region and increasing awareness regarding dietary supplements and functional foods. Besides, the rise in the prevalence of chronic diseases such as heart disease, cancer, diabetes, stroke, and arthritis. Hence, a favorable outlook towards medical nutrition for the treatment of various diseases and malnutrition is further projected to bolster the growth of dietary supplements across the country over the forecast period.
Indian nutraceuticals market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is likely to hold a key share in the market. Based on the distribution channel, the market is segmented into retail & supermarkets, and online platforms.
Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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Market Segmentation
India Nutraceuticals Market by Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
India Nutraceuticals Market by Distribution Channel
- Retail & Supermarkets
- Online Platform
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Company Profiles
- Abbott Laboratories Inc. (Abbott Nutrition)
- Amway Corp.
- BASF SE
- Cargill, Inc.
- Dabur India Ltd.
- Danone SA
- Herbalife Ltd.
- Nestle SA
- PepsiCo Inc.
- The Kraft Heinz Co.
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