India's nutraceutical market likely to nearly double to $55-57 billion by 2030
New Delhi, June 26
India's nutraceutical market, valued at around $29-30 billion in 2024, is projected to reach $37-38 billion by 2026 and $55-57 billion by 2030, at a CAGR of approximately 10.5 per cent, a report said on Friday.
The growth is being driven by rising health consciousness, higher disposable incomes, increasing lifestyle-related disorders, and demand for natural, science-backed nutrition, the report from CareEdge Ratings said.
The Indian healthcare landscape has shifted from diagnosing and treating illness, to prevention, wellness, and long-term health management. At the heart of this transition lies the rapidly expanding field of nutraceutical products that bridge the gap between nutrition and pharmaceuticals.
The nutraceutical industry in India is witnessing rapid growth, supported by rising health awareness among consumers, increasing concerns around lifestyle diseases and lack of adequate nutrition.
The growth is fuelled by the expansion of digital platforms and e-commerce, along with supportive government policies and initiatives. India's strong bio-agricultural base, with its diverse crops, provides a natural advantage for raw material sourcing.
The pandemic marked a structural turning point, shifting nutraceuticals from niche wellness products to everyday dietary support and prompting larger FMCG players to acquire mid‑sized brands, the report noted.
Government support is playing a crucial role in enabling the growth of the nutraceutical sector through improved regulatory frameworks, standardisation, and quality control measures.
Food Safety and Standards Authority of India (FSSAI) and the Ministry of Food Processing Industries (MoFPI) have undertaken several initiatives to strengthen compliance, promote food safety, and encourage innovation in functional foods and dietary supplements.
"The Indian nutraceutical industry is set for sustained long-term growth, driven by rising health awareness, persistent malnutrition, supportive government policies, increasing adoption of preventive healthcare, and evolving lifestyle trends", said Uday Kumar, lead analyst at CareEdge Ratings.
Despite strong growth, the nutraceutical industry continues to face challenges related to evolving regulatory frameworks, consumer awareness gaps, misleading product claims, and limited scientific validation for certain products, the report noted.
— IANS
Reader Comments
As a working mother, I've started taking multivitamins and omega-3 supplements—feels like a necessity now. But I'm wary of misleading claims. The report rightly points out the need for scientific validation. Let's hope the government keeps a tight leash on quality controls! 🙏
Interesting figures—$57 billion by 2030 is impressive. But I wonder if the average Indian family can afford these products? Often, nutraceuticals are priced like luxury items. The real challenge is making preventive healthcare accessible and affordable for all sections of society.
Honestly, I'm skeptical. Many nutraceutical brands are just riding the health wave without proper R&D. My dad was lured by a protein powder ad that promised "energy for life"—turned out to be full of sugar. The FSSAI needs to crack down on such nonsense before this market balloons.
Great potential, especially with India's rich biodiversity for sourcing ingredients like ashwagandha and turmeric. But the report is right about regulatory challenges. If we can standardize quality and prevent adulteration, India could be a global leader in natural nutraceuticals! 🌿
As someone who works in a pharmacy, I see the craze firsthand. People now walk in asking for "immunity boosters" and "gut health" supplements without even checking with a doctor! The industry is growing, but we need to educate consumers that nutraceuticals aren't magic pills—they complement a good diet, not replace it.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.