India Nutraceuticals Market Size & Outlook, 2024-2030
India nutraceuticals market, 2018-2030 (US$M)
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India nutraceuticals market highlights
- The India nutraceuticals market generated a revenue of USD 26,872.9 million in 2023 and is expected to reach USD 64,832.1 million by 2030.
- The India market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, probiotics was the largest revenue generating ingredient in 2023.
- Probiotics is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Nutraceuticals market data book summary
| Market revenue in 2023 | USD 26,872.9 million |
| Market revenue in 2030 | USD 64,832.1 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aloe vera, Amino acids, Botanical Ingredients, Cannabidiol, Carbohydrates, Carnitine, Food Color, Carotenoids, Spirulina, Collagen, Colostrum, Cultures and fermentation starters, Dairy ingredients, Emulsifiers, Enzymes, Essential oils, Fat replacers, Fats and oils, Fibres, Flavours, Fruit and vegetable products, Glucosamine / Chondroitin, Isoflavones, Juices and concentrates, Krill, Lipids / Fatty Acids, Marine ingredients, Minerals, Omega-3s, Prebiotics, Probiotics, Proteins, Sweeteners, Vitamins, Whey proteins |
| Key market players worldwide | DSM, Alticor Corporate Enterprises, Pfizer Inc, Nestle SA, The Kraft Heinz Co, The Hain Celestial Group Inc, Nature's Brands, General Mills Inc, Danone SA, Tyson Foods Inc Class A |
Other key industry trends
- In terms of revenue, India accounted for 8.5% of the global nutraceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nutraceuticals market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,177.8 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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India nutraceuticals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nutraceuticals market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 24.66% in 2024. Horizon Databook has segmented the India nutraceuticals market based on aloe vera, amino acids, botanical ingredients, cannabidiol, carbohydrates, carnitine, food color, carotenoids, spirulina, collagen, colostrum, cultures and fermentation starters, dairy ingredients, emulsifiers, enzymes, essential oils, fat replacers, fats and oils, fibres, flavours, fruit and vegetable products, glucosamine / chondroitin, isoflavones, juices and concentrates, krill, lipids / fatty acids, marine ingredients, minerals, omega-3s, prebiotics, probiotics, proteins, sweeteners, vitamins, whey proteins covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization and increasing disposable income coupled with favorable government policies enabling foreign companies to carry out business across the country are expected to bolster the nutraceutical market growth over the forecast period.
Factors such as expanding urban population, hectic lifestyle, and rising disposable income are responsible for boosting the sales of dietary supplements in the country over the forecast period. The establishment of strategic partnerships between dietary supplement manufacturers and local distributors in India is expected to remain a favorable factor for market growth over the next eight years.
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Our clientele includes a mix of nutraceuticals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India nutraceuticals market , including forecasts for subscribers. This country databook contains high-level insights into India nutraceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India nutraceuticals market size, by ingredient, 2018-2030 (US$M)
India Nutraceuticals Market Outlook Share, 2024 & 2030 (US$M)
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