India Nutraceuticals Market Outlook (2021-2027) | Report, Size, Share
India Nutraceutical Market Synopsis
India nutraceuticals market witnessed considerable growth in recent years on account of the growing focus on preventive healthcare in India underpinned by increasing disposable income, a rise in urban population and the rising e-commerce sector.
The Nutraceuticals market was positively impacted by COVID-19 as the spread of covid-19 in 2020 boosted the nutraceuticals market of India owing to the increased health awareness amongst people to curb the spread of the virus and once the e-commerce platform started operating in the lockdown period, the sales of nutraceuticals started to rise further as people being at home had ample amount of time for a workout at home and an increasing number of workout videos led to a trend of home workout in the country resulting in an increased demand for supplements.
According to 6Wresearch, the India Nutraceuticals Market size is projected to grow at a CAGR of 29.5% during 2021-2027. With the rising fitness industry owing to an increase in health awareness among people and covid-19, demand for supplements, healthy foods & beverages is increasing and will see a huge jump in coming years as people are focusing more on improving their immunity. Growing focus on preventive healthcare and increasing disposable income also contributed to India nutraceutical market growth trajectory. Offers and discounts provided by e-commerce platforms attract people to buy a variety of products from these platforms (especially the young generation) including nutraceuticals.
Key Highlights of the Report
- India Nutraceuticals Market Overview
- India Nutraceuticals Market Outlook
- India Nutraceuticals Market Forecast
- Market Drivers
- Market Restraints
- India Nutraceuticals Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- India Nutraceuticals Market Share of top players
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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