India Nutraceuticals Industry Outlook to 2018
- Rising Health Consciousness to Steer Growth provides a detailed analysis
of the industry covering various aspects including market size in terms of
revenues and market segmentation on the basis of major types such as dietary
supplements and functional food and beverages. The report also includes competitive
landscape and profiles of the major players operating in the industry.
The future projections are included to provide an insight on the prospects
in the India nutraceuticals industry.
The nutraceuticals market
in India is growing at a rapid rate over the period of last seven years. This
growth rate can be attributed to rise in health consciousness, increasing
awareness about the various types of nutraceuticals available in the market and
willingness of people to spend on health fortifying food and additives. In
terms of revenue, the nutraceuticals industry of India has showcased a rapid growth
at a ~% CAGR over the period. The revenues have grown from USD ~ million
in FY’2006 to USD ~ billion in FY’2013.
India nutraceuticals
market is dominated by the functional food and beverages segment which
accounted for ~% share in FY’2013. However, the industry has witnessed the
rapid growth of the dietary supplements market, propelled by increasing
awareness amongst people to guard themselves against chronic diseases. The
sales of vitamins have dominated the dietary supplements market over the years,
with minerals supplements closely following behind. The marketplace has
witnessed increasing consumer interest for the energy and sports drinks in
recent years, largely propelled by a growing demand from the young and affluent
professionals.
While the functional food
and beverages market is highly cluttered with a host of small and big players,
Amway has been a dominant player in dietary supplements market for the past few
years which accounted for ~% share in the overall revenues of the dietary
supplements industry. Dabur India and Ranbaxy constitute other major players
with a percentage contribution of ~% and ~% respectively.
The nutraceuticals market
of India is still underpenetrated, with a major presence in urban parts if the
country. The vast population base of India has presented wide prospects for the
nutraceuticals market to flourish over the years. Busier lifestyles of the
urban middle class population have encouraged increasing consciousness about
health and fitness, which are likely to be the major driving force behind the
growth of the nutraceuticals industry in the future The revenues of the
nutraceuticals industry are expected to increase at a CAGR of ~% to reach USD
~million by FY’2018.
Key Topics Covered in the Report:
·
The market size of the India nutraceuticals industry,
functional food and beverages and dietary supplements markets on the basis of
revenues
·
Market segmentation of the India Nutraceuticals
industry on the basis of types of products
·
Market segmentation of the Functional Food And
Beverages on the basis of product form
·
Market size of Functional Food market by revenues
·
Market segmentation of Functional Food by
ingredients, food items and benefits
·
Market size of Functional Beverages market by
revenues
·
Market segmentation of Functional Beverages by
types
·
Market segmentation of Dietary Supplements by
Ingredients
·
Government Rules and Regulations
·
Import and export of Nutraceuticals in India
·
Trends and Developments prevailing in the
functional food & beverages, dietary supplements and overall nutraceuticals
industry
·
Competitive landscape, market shares and detailed
company profiles of the major players in the functional food & beverages
and dietary supplements markets
·
Future outlook and projections of the India functional
food & beverages, dietary supplements markets and overall nutraceuticals
industry on the basis of revenues
Contact Person- Ankur Gupta
Email Id- ankur@kenresearch.com
