Market Forecast By Ingredient (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Form (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Others), By End user (Adults, Geriatric, Pregnant Women, Children, Infants), By Distribution Channel (OTC, Prescribed) And Competitive Landscape
Product Code: ETC010004 | Publication Date: Jan 2024 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | India Dietary Supplements Market |
Forecast period | 2024-2030 |
CAGR | 16.2% |
Growing Sector | Nutraceutical |
The India Dietary Supplements Market Report thoroughly the market by ingredient, form, application, end user, and distribution channel. The India Dietary Supplements Market Outlook report provides an unbiased and detailed analysis of the ongoing India Dietary Supplements Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The India Dietary Supplements Market is experiencing significant growth and is expected to continue this trend in the future. The rising health consciousness, aging population, and government initiatives are key drivers of market growth. Continued efforts from the government and industry players are required to sustain this growth and ensure a safe and transparent market for consumers.
According to 6Wresearch, the India Dietary Supplements Market size is anticipated to rise at a CAGR of 16.2% during 2024-2030. The increasing health consciousness among consumers is one of the major drivers for the growth of the dietary supplements market in India. People are becoming more aware of the importance of maintaining a healthy lifestyle and are willing to incorporate dietary supplements into their daily routine to achieve this. Another driver for the market is the growing geriatric population in India. As people age, their nutritional needs increase and they often turn to dietary supplements to meet these needs.
One of the main challenges faced by the India dietary supplements market is the lack of regulations. Unlike pharmaceutical drugs, dietary supplements are not closely regulated by authorities and can be sold without proper testing or approval. Additionally, the market is flooded with counterfeit products that claim to be natural or organic but may contain harmful ingredients.
The key players in the India dietary supplements market are Amway India Enterprises Pvt. Ltd., Himalaya Drug Company Private Limited, Dabur India Limited, Patanjali Ayurveda Limited, Danone Nutricia International Pvt. Ltd., Abbott India Limited, General Nutrition Centers Inc., Bayer AG, Herbalife International India Pvt. Ltd., and The Himalaya Drug Company.
To address these challenges, the Indian government has taken initiatives to promote the use of dietary supplements. The Food Safety and Standards Authority of India (FSSAI) has set regulations for labeling and claims made by manufacturers. This has helped to improve transparency and build consumer trust in the market. Moreover, the government has also launched campaigns to raise awareness about the benefits of dietary supplements and their proper usage. This has helped to educate consumers and promote responsible supplement consumption.
The future of the India dietary supplements market looks promising, with continued growth expected in the coming years. Rising health consciousness and the aging population will continue to drive demand for dietary supplements. Moreover, with increasing regulations and initiatives by the government, consumer trust in the market is expected to improve. Additionally, there is a growing trend of personalized nutrition and supplement consumption based on individual health needs. This has opened up opportunities for niche products targeting specific health concerns.
According to Sachin, Senior Research Analyst, 6Wresearch, vitamins are currently witnessing the highest growth in India. This can be attributed to the growing trend of self-care and preventive healthcare, as well as the increasing prevalence of vitamin deficiencies in the population. Vitamins are essential micronutrients that play a crucial role in maintaining good health and preventing various diseases.
The tablets segment is currently the largest and fastest-growing category in India's dietary supplements market. This can be attributed to the convenience and ease of consumption that tablets offer, along with their longer shelf life.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Dietary Supplements Market Overview |
3.1 India Dietary Supplements Market Revenues & Volume, 2020 - 2030F |
3.2 India Dietary Supplements Market - Industry Life Cycle |
3.3 India Dietary Supplements Market - Porter's Five Forces |
3.4 India Dietary Supplements Market Revenues & Volume Share, By Ingredient, 2020 & 2030F |
3.5 India Dietary Supplements Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.6 India Dietary Supplements Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 India Dietary Supplements Market Revenues & Volume Share, By End user, 2020 & 2030F |
3.8 India Dietary Supplements Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 India Dietary Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Dietary Supplements Market Trends |
6 India Dietary Supplements Market Segmentation |
6.1 India Dietary Supplements Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 India Dietary Supplements Market Revenues & Volume, By Ingredient, 2020 - 2030F |
6.1.3 India Dietary Supplements Market Revenues & Volume, By Vitamins, 2020 - 2030F |
6.1.4 India Dietary Supplements Market Revenues & Volume, By Botanicals, 2020 - 2030F |
6.1.5 India Dietary Supplements Market Revenues & Volume, By Minerals, 2020 - 2030F |
6.1.6 India Dietary Supplements Market Revenues & Volume, By Proteins & Amino Acids, 2020 - 2030F |
6.1.7 India Dietary Supplements Market Revenues & Volume, By Fibers & Specialty Carbohydrates, 2020 - 2030F |
6.1.8 India Dietary Supplements Market Revenues & Volume, By Omega Fatty Acids, 2020 - 2030F |
6.2 India Dietary Supplements Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Dietary Supplements Market Revenues & Volume, By Tablets, 2020 - 2030F |
6.2.3 India Dietary Supplements Market Revenues & Volume, By Capsules, 2020 - 2030F |
6.2.4 India Dietary Supplements Market Revenues & Volume, By Soft gels, 2020 - 2030F |
6.2.5 India Dietary Supplements Market Revenues & Volume, By Powders, 2020 - 2030F |
6.2.6 India Dietary Supplements Market Revenues & Volume, By Gummies, 2020 - 2030F |
6.2.7 India Dietary Supplements Market Revenues & Volume, By Liquids, 2020 - 2030F |
6.3 India Dietary Supplements Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Dietary Supplements Market Revenues & Volume, By Energy & Weight Management, 2020 - 2030F |
6.3.3 India Dietary Supplements Market Revenues & Volume, By General Health, 2020 - 2030F |
6.3.4 India Dietary Supplements Market Revenues & Volume, By Bone & Joint Health, 2020 - 2030F |
6.3.5 India Dietary Supplements Market Revenues & Volume, By Gastrointestinal Health, 2020 - 2030F |
6.3.6 India Dietary Supplements Market Revenues & Volume, By Immunity, 2020 - 2030F |
6.3.7 India Dietary Supplements Market Revenues & Volume, By Cardiac Health, 2020 - 2030F |
6.3.8 India Dietary Supplements Market Revenues & Volume, By Others, 2020 - 2030F |
6.3.9 India Dietary Supplements Market Revenues & Volume, By Others, 2020 - 2030F |
6.4 India Dietary Supplements Market, By End user |
6.4.1 Overview and Analysis |
6.4.2 India Dietary Supplements Market Revenues & Volume, By Adults, 2020 - 2030F |
6.4.3 India Dietary Supplements Market Revenues & Volume, By Geriatric, 2020 - 2030F |
6.4.4 India Dietary Supplements Market Revenues & Volume, By Pregnant Women, 2020 - 2030F |
6.4.5 India Dietary Supplements Market Revenues & Volume, By Children, 2020 - 2030F |
6.4.6 India Dietary Supplements Market Revenues & Volume, By Infants, 2020 - 2030F |
6.5 India Dietary Supplements Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 India Dietary Supplements Market Revenues & Volume, By OTC, 2020 - 2030F |
6.5.3 India Dietary Supplements Market Revenues & Volume, By Prescribed, 2020 - 2030F |
7 India Dietary Supplements Market Import-Export Trade Statistics |
7.1 India Dietary Supplements Market Export to Major Countries |
7.2 India Dietary Supplements Market Imports from Major Countries |
8 India Dietary Supplements Market Key Performance Indicators |
9 India Dietary Supplements Market - Opportunity Assessment |
9.1 India Dietary Supplements Market Opportunity Assessment, By Ingredient, 2020 & 2030F |
9.2 India Dietary Supplements Market Opportunity Assessment, By Form, 2020 & 2030F |
9.3 India Dietary Supplements Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 India Dietary Supplements Market Opportunity Assessment, By End user, 2020 & 2030F |
9.5 India Dietary Supplements Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 India Dietary Supplements Market - Competitive Landscape |
10.1 India Dietary Supplements Market Revenue Share, By Companies, 2023 |
10.2 India Dietary Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Market Forecast By Ingredient (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Form (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Others), By End user (Adults, Geriatric, Pregnant Women, Children, Infants), By Distribution Channel (OTC, Prescribed) And Competitive Landscape
Product Code: ETC010004 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, the USA was the largest exporter in terms of value, followed by the UK. It has registered a growth of 1666.36% over the previous year. While the UK registered a growth of 1315.57% as compared to the previous year. In the year 2017, Switzerland was the largest exporter followed by Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 3880 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 1970 which signifies moderately concentrated in the market.
India Dietary Supplements Market report thoroughly covers the market by ingredient, by form, by application, by end user, and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Dietary Supplements Market is expected to witness impressive growth over the years. The key drivers of this success are increasing awareness around health and fitness among individuals coupled with rising disposable incomes, while players in the market are investing in research and development for innovative products. Moreover, there has been a growing preference for Ayurvedic and herbal dietary supplements in India and many companies are launching new products based on traditional Indian herbs to cater to this demand. The online retail sector has witnessed significant growth in India as these systems provide a convenient and accessible channel for consumers to purchase a wide range of dietary supplements.
India Dietary Supplements Market is growing at a rapid rate, by the upsurge in health and wellness products among Indians. Also, the growth is attributed to changing lifestyles, rising disposable incomes, awareness about the advantages of supplements, and an increasing number of fitness enthusiasts in the country. Moreover, online sales channels have also made a significant contribution to this growth due to convenience and a larger selection of options for customers compared to traditional brick-and-mortar stores.
According to 6Wresearch, the India Dietary Supplements Market size is set to witness growth during 2020-26. The increasing awareness among consumers about the importance of sustaining good health and well-being has propelled the India Dietary Supplements Market Growth. Also, this has caused an upsurge in demand for dietary supplements to attain desired fitness levels. Additionally, higher disposable income levels have enabled more people to buy premium products. Furthermore, advancements in technology have enabled manufacturers to produce modern products that are modified according to individual needs and lifestyles.
The pandemic has had a significant influence on the Indian Dietary Supplements Market Size owing to the increasing number of health-conscious consumers. However, lockdowns have caused supply chain disruptions leading to shortages of certain ingredients and products. In addition, the economic disorder has shifted consumer spending habits, pushing them towards cheaper alternatives, thus reducing the growth rate of some segments of the market.
The India dietary supplements Industry is highly competitive, with several key players dominating the sector. Some of the major players in this market include;
Based on Ingredients, vitamins are essential nutrients that play a vital role in preserving overall health and this segment is expected to dominate India dietary supplements market share due to changing lifestyles and rising awareness about the importance of vitamins.
According to Ravi Bhandari, Research Head, 6Wresearch, the adults segment involves the formulation of dietary supplements for adults and this segment is expected to gain traction over the years owing to the increasing demand for dietary supplements among the adult population.
The report offers a comprehensive study of the subsequent market segments: