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Market: 8.1% CAGR expected for nutritional supplements

Fiinews by Fiinews
March 16, 2025
in Tenders
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India is witnessing a shift toward health consciousness, says report

The Indian nutritional supplements market size is anticipated to reach US$68.43 billion in 2030, growing at a CAGR of 8.1% from 2025, according to a report offered by ResearchAndMarkets.

The increasing access to nutritional supplements and their increasing acceptances are some of the major factors driving the market growth, according to the “n Nutritional Supplements Market” being offered since 10 Mar.

The increasing penetration of market players through various channels has increased consumers’ access to nutritional supplements, thereby contributing to market growth.

The changing lifestyle in the country, such as lack of physical activities and changes in eating habits, has increased the occurrence of lifestyle diseases such as obesity, heart disease, and diabetes in the country http://who.int.

According to the “Accidental Deaths and Suicides in India 2022” report, the number of sudden deaths due to heart attack has increased from 28,413 in 2021 to 32,457 in 2022. This alarming rise in serious health conditions is anticipated to increase the demand for nutritional supplements and drive market growth http://main.mohfw.gov.in.

India is witnessing a shift toward health consciousness and fitness, which has increased the demand for nutritional supplements in the country. These growth opportunities offered by the country’s market are attracting several international companies and new products, further contributing to the market growth.

For instance, in September 2022, Centrum entered India with the launch of its Centrum Multivitamin range. This range meets the new age generation’s needs in the country by recognizing the nutritional requirements of different ages and genders. These increasing product alternatives are anticipated to increase the consumption of nutritional supplements and drive market growth.

Based on product, the functional food and beverages segment accounted for the largest revenue share of 49.20% in 2024.

Based on formulation, the powder segment accounted for the largest revenue share of 37.68% in 2024. The powder formation of nutritional supplements offers advantages to the consumer, such as easy consumption and can even be easily absorbed in the body.

The capsule segment is expected to grow at the fastest CAGR from 2025 to 2030, owing to the increasing emphasis of market players on capsule supplement developments.

Companies featured in the report:

Sun Pharmaceuticals Industries Ltd;

Himalaya Wellness Company;

Unilever;

Cipla Health Limited (CHL);

Dabur India Ltd;

GSK plc;

Amway India Enterprises Pvt Ltd;

MuscleBlaze;

Britannia Industries;

Abbott Laboratories. Fiinews.com

Tags: ResearchAndMarkets
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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