India Dietary Supplement Market to Grow at CAGR of Over 17% through FY2026
Growing health concerns due to hectic
& stressful lifestyle, rising disposable income and increasing consumer
awareness to drive India dietary supplement market through FY2026
According to TechSci Research
report, “India
Dietary Supplement Market By Product Type (Vitamin, Mineral,
Combination Dietary Supplement, Herbal Supplement, Fish Oil & Omega Fatty
Acid, Protein & Other), By Form (Tablets, Capsules, Powder, Liquids, Soft
Gels), By Distribution Channel (Pharmacies and Drug Stores, Supermarkets and
Hypermarkets, Online, Others), By Application (Energy & Weight Management,
General Health, Bone & Joint Health, Immunity Others), By End Use (Infants,
Children, Adults, Pregnant Females, Geriatric), BY Region, Competition, Forecast
& Opportunities, FY2026”, India dietary
supplement market was valued USD 3924.44 Million in FY2020 and is predicted to
grow at CAGR of 17.28% until FY2026, to reach USD 10,198.57 Million by FY2026. Expanding
working class population, which is highly active on social media, has higher
awareness of lifestyle diseases caused due to lack of proper diet. Hence, they
constitute a high demand generating segment for dietary supplements. In
addition, people with hectic lifestyle are not able to maintain a balanced diet
therefore tend to use dietary supplements in order to fulfil their dietary
requirements.
Browse 6
market data Tables and 62 Figures spread through 99
Pages and an in-depth TOC on"India
Dietary Supplement Market"
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With rising disposable income and
sedentary lifestyle patterns, consumers are shifting towards convenient
shopping options. Indian consumers are increasingly opting for online shopping
and digital payment methods as a result of growing internet connectivity and
smartphone penetration. Dietary supplement players are also focusing on
e-commerce platforms to increase their consumer reach.
Based
on end use, adult segment accounted for the dominant share in FY2020 due to
rising awareness among this segment for fat reduction and increasing focus for
improving nutrition intake.
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“Due to stressful, hectic and sedentary lifestyles, individuals are
unable to start off with a healthy breakfast. With rising cases of lifestyle
diseases such as diabetes, blood pressure, cardiovascular diseases, asthma,
etc., more and more people are focusing towards consuming a balanced diet, and
for that, they are opting for dietary supplements as a part of their diet.
Balancing health and time is what an increasing number of consumers are looking
into, and consequently, a rising number of manufacturers of dietary supplements
are trying to capitalize on this growth opportunity.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Dietary Supplement
Market By Product Type (Vitamin,
Mineral, Combination Dietary Supplement, Herbal Supplement, Fish Oil &
Omega Fatty Acid, Protein & Other), By Form (Tablets, Capsules, Powder,
Liquids, Soft Gels), By Distribution Channel (Pharmacies and Drug Stores,
Supermarkets and Hypermarkets, Online, Others), By Application (Energy &
Weight Management, General Health, Bone & Joint Health, Immunity Others), By
End Use (Infants, Children, Adults, Pregnant Females, Geriatric), BY Region, Competition, Forecast
& Opportunities, FY2026” has evaluated the future
growth potential of India dietary supplement market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
to take sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, trends
and opportunities present in India dietary supplement market.
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