Establishing a Nutraceutical Company in India A Feasibility study advisory for nutraceutical businesses in India

The Indian nutraceutical market, which is valued at US$8.1 billion in 2022, is growing rapidly. According to Statista, the market is projected to grow at a compound annual growth rate (CAGR) of 22.4% to reach approximately US$18 billion by 2026. Growing health awareness and attention from the world of preventive healthcare and the internet are driving this industry forward. Other factors fueling the market expansion include health awareness after the 2019 pandemic, rising disposable income, and India's aging population. And people are becoming increasingly aware of it.

 

A significant portion of the Feasibility study advisory for nutraceutical businesses in India consists of dietary supplements.  This vertical's market was valued at US$3.9 billion in 2020 and is expected to rise at a compound annual growth rate (CAGR) of over 22% to reach US$10.1 billion by 2026 (Source: MoFPI).  Plant proteins, minerals like calcium and magnesium, vitamins like C, D, and omega 3, and fibers like probiotics and amino acids are all included in these supplements.  As a result of Indian customers' intense search for these immunity-boosting supplements, vitamin pills, chewable tablets, and gummies have become increasingly popular.

Market Growth Drivers:With India's aging population, the demand for vitamins and herbal supplements in India has grown rapidly and significantly. With major problems such as obesity, diabetes and heart disease, India's aging population is becoming an important Feasibility study advisory for nutraceutical businesses in India suppliers. Due to rising health awareness and easy internet access, preventive healthcare has become more prominent and important. As a result, the demand for naturally made functional foods and dietary supplements has increased and will continue to grow in the future.

Competitive Landscape:The nutraceutical market in India is made up of both well-known and up-and-coming companies.  With a portfolio of more than 250 herbal and ayurvedic medicines and a global presence in 120 countries, Dabur India is a pioneer in the industry.  In 2024, the brand brought in USD 1.13 billion.  Pharmaceutical companies like Abbott India are also taking advantage of the Feasibility study advisory for nutraceutical businesses in India to offer nutritious goods like PediaSure, Glucerna, and Ensure to consumers.

Future of the Nutraceutical Market:The nutraceutical industry in India is expected to increase significantly in the future due to rising disposable income and rising preventative healthcare spending.  It is also anticipated that India's share of the worldwide market will increase from 2% in 2020 to 4% in 2024.  Numerous well-known businesses intend to join the rich Indian market because it offers a compelling chance for expansion.  The market demand is further fueled by Feasibility study advisory for nutraceutical businesses in India businesses' emphasis on preventive healthcare while marketing their supplements.

Feasibility Study Services for Nutraceutical Businesses in India:With more entrepreneurs and investors becoming involved, the Indian Feasibility study advisory for nutraceutical businesses in India Is expected to continue expanding rapidly in the near future.  The industry will see a strong entry from mainstream pharmaceutical, personal care, and wellness companies in addition to healthcare start-ups and specialized enterprises.  Additionally, this will increase demand for consumer market surveys, segment-specific market insights, and specialized market research and feasibility study services for the healthcare business.  This is where tailored feasibility and market research services from research advice firms like The India Watch are useful.  The following will be included in the study's scope, but it is not the only one.

Conclusion:The top research firm, such as India Watch, can offer feasibility study advice for nutraceutical companies in India. They can assist you in the most effective manner at fair costs. So, get in touch with them now.