Nutritional and Dietary Supplements Market in India – Demand, Opportunities and Future Outlook
The Indian nutraceutical market is mainly dominated by pharmaceuticals and FMCG companies with very few companies that only specialize in nutraceutical products. Increasing health consciousness and improved incomes and standard of living has boosted the growth of the Nutraceuticals markets in India, making it one of the fastest growing segments. http://www.bharatbook.com/market-research-reports/healthcare-market-research-report/nutritional-and-dietary-supplements-market-in-india-demand-opportunities-and-future-outlook.html
The nutraceuticals market in the country is showing a continuous growth trend despite the economy downturn and rising inflation rate. Sports nutrition is a promising market in India; its protein based sports nutrition products have gained popularity. It is also attracting foreign players to enter into the market through collaborations. By 2015 it will reach to USD ~ billion (supported by positive economy outlook) with a CAGR 16.24% (2010-2015).
In recent past many changes have occurred in spending habits of the urban population of the country, they have become more health conscious. Gymnasiums, health clubs, yoga centers are contributing in growing vitamins and dietary supplements demand.
The nutraceuticals market has recorded sales of USD ~ million in 2010 grew by 26.95% from results in 2009. During 2008 and 2009 sales volume and so as turnover of the industry was low although industry showed a positive trend led by aging population and increasing chronic diseases. Industry is growing with a CAGR 18.90% from 2006-2010.
• The vitamin and dietary supplement retail sales have reached USD ~ million in 2010, and is expected to cross USD ~ million by 2015.
• Urban consumers represent 67.00% of the vitamin and dietary supplement market, versus 33.00% attributed to rural consumers.
• In the food supplement category, the major share is held by herbal food products and supplements which valued at USD ~ billion in 2010, closely followed by functional digestives
• The herbal supplements market in the country reached to USD ~ million in 2010 with USD ~ million herbal raw materials and medicines exported by India. Further retail sales of herbal supplements expected to grow with a CAGR 3.57% (2010-2015) reaching to USD ~ million by 2015.
• Presently, the Indian sports nutrition market is valued at USD ~ million growing with a CAGR 1.45% from 2006-2010.
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