| Product Code: ETC106603 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India vitamin B-complex ingredients market import shipments demonstrated a steady growth trend from 2020 to 2024, with a CAGR of 4.5%. Notably, the growth rate accelerated by 5.0% between 2023 and 2024, indicating an expanding market with increasing momentum during the period.
The India Vitamin B-Complex Ingredients market is expected to grow at a significant rate during the forecast period due to increasing awareness regarding health benefits associated with these ingredients and rising demand for dietary supplements in the country. Growing population, urbanization, increased disposable income, and changing lifestyles are also some of the key drivers of the vitamin B complex ingredient market in India. The factors such as growing demand for fortified food products and entry of international players into India markets are also supporting growth in this sector.
Moreover, government initiatives like ???Poshan Abhiyan??? which is an ambitious program launched by Prime Minister Narendra Modi for nourishment security and malnutrition eradication have also helped create a positive environment for manufacturing companies to launch their product related to Vitamin B-complex ingredients. Furthermore, availability of cost effective raw materials from local sources is adding fuel to this growth story. Besides these, presence of organized retail stores across major cities has provided easy access to consumers while providing manufacturers with more opportunities to expand their market reach.
However there exist few challenges that can hamper growth prospects in near future such as lack of standardized regulations on production processes as well as variable quality standards across different states making it difficult for standardizers & marketers alike; limited knowledge among customers about importance & usage pattern; seasonal fluctuations affecting supply chain operations etc
Key players operating in India Vitamin B-Complex Ingredient Market include GlaxoSmithKline Pharmaceuticals Ltd., Mankind Pharma Ltd., Cipla Inc., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Abbott Laboratories etc.
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 Vitamin B-complex Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamin B-complex Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Vitamin B-complex Ingredients Market - Industry Life Cycle |
3.4 India Vitamin B-complex Ingredients Market - Porter's Five Forces |
3.5 India Vitamin B-complex Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Vitamin B-complex Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Vitamin B-complex Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of vitamin B-complex for overall health and wellness in India. |
4.2.2 Growing demand for dietary supplements and fortified food products containing vitamin B-complex ingredients. |
4.2.3 Rising prevalence of lifestyle-related health issues, leading to higher consumption of vitamin B-complex supplements. |
4.3 Market Restraints |
4.3.1 Stringent regulations and quality standards in the vitamin B-complex ingredients market in India. |
4.3.2 Fluctuating prices of raw materials and production costs impacting the profitability of manufacturers. |
5 India Vitamin B-complex Ingredients Market Trends |
6 India Vitamin B-complex Ingredients Market, By Types |
6.1 India Vitamin B-complex Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamin B-complex Ingredients Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B1, 2021-2031F |
6.1.4 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B2, 2021-2031F |
6.1.5 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B3, 2021-2031F |
6.1.6 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B5, 2021-2031F |
6.1.7 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B6, 2021-2031F |
6.1.8 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B7, 2021-2031F |
6.1.9 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B12, 2021-2031F |
6.1.10 India Vitamin B-complex Ingredients Market Revenues & Volume, By Vitamin B12, 2021-2031F |
6.2 India Vitamin B-complex Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Vitamin B-complex Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.3 India Vitamin B-complex Ingredients Market Revenues & Volume, By F&B, 2021-2031F |
6.2.4 India Vitamin B-complex Ingredients Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.5 India Vitamin B-complex Ingredients Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 India Vitamin B-complex Ingredients Market Import-Export Trade Statistics |
7.1 India Vitamin B-complex Ingredients Market Export to Major Countries |
7.2 India Vitamin B-complex Ingredients Market Imports from Major Countries |
8 India Vitamin B-complex Ingredients Market Key Performance Indicators |
8.1 Number of new product launches containing vitamin B-complex ingredients in the Indian market. |
8.2 Percentage increase in the consumption of vitamin B-complex supplements in India. |
8.3 Research and development investment in innovative formulations and delivery methods for vitamin B-complex products. |
9 India Vitamin B-complex Ingredients Market - Opportunity Assessment |
9.1 India Vitamin B-complex Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Vitamin B-complex Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Vitamin B-complex Ingredients Market - Competitive Landscape |
10.1 India Vitamin B-complex Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Vitamin B-complex Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |