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. 

Further, Amway Corp., BASF SE, Cargill, Inc., Danone SA, Herbalife Ltd., and Dabur India Ltd. are some of the prominent players operating in the Indian nutraceuticals market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. For instance, 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 as well as strengthen the company’s position in the market.

Research Methodology

The market study of the Indian nutraceuticals market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for nutraceuticals market players, functional beverage manufacturers, functional food manufacturers, dietary supplement manufacturers, government organizations, research institutes, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Indian Nutraceuticals Market Research and Analysis by Product Type
2. Indian Nutraceuticals Market Research and Analysis by Distribution Channel

The Report Covers:

• Comprehensive research methodology of the Indian nutraceuticals market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian nutraceuticals market.
• Insights about market determinants that are stimulating the Indian nutraceuticals market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.