The Indian nutraceuticals market is anticipated to grow significantly at a CAGR of 10.3% over the forecast period (2020-2026). The key factor that drives the growth of the market includes the key activities by the key players to cope in the competitive market and strengthen their position in the Indian nutraceuticals industry. Players such as Amway Corp., Cargill Inc., Nestle SA, and Dabur are contributing to the market growth. For instance,
- In December 2019, Amway India expanded its product offerings under the Nutrilite Traditional Herbs range with the launch of Nutrilite Madhunashini, Shunti & Twak, and Nutrilite Vasaka, Mulethi & Surasa in India.
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- In March 2019, a wholly-owned subsidiary of Amway Corp., Amway India launched traditional herbs range under its nutraceutical product brand Nutrilite for the Indian consumer. The new range comprises four products including Nutrilite Tulsi, Nutrilite Brahmi, Nutrilite Ashwagandha and Nutrilite Amalaki, Vibhitaki, and Haritaki.
- In March 2017, Herbalife partnered with Syngene, Bangalore to launch its first R&D lab in India. The company aims to develop new products faster and conduct more R&D with this novel R&D center in India. Hence, this is likely to boost the R&D regarding the development of novel nutraceutical products in the country.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product Type and Distribution Channel
- Competitive Landscape- Amway Corp., BASF SE, Cargill, Inc., Danone SA, Herbalife Ltd., and Dabur India Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Indian Nutraceuticals Market – Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
By Distribution Channel
- Retail & Supermarkets
- Online Platform
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
