According to the report by Expert Market Research (EMR), the India plant based nutraceuticals market size is projected to grow at a CAGR of 15% between 2024 and 2032. Aided by the escalating demand for health and wellness products and an increasing inclination towards plant-based diets, the market is expected to grow significantly by 2032.
Plant-based nutraceuticals are derived from natural plant sources and are known for their health benefits. These products, including dietary supplements, functional foods, and herbal natural products, are rich in nutrients, antioxidants, vitamins, and minerals. They play a crucial role in health promotion, disease prevention, and management.
A primary factor propelling the India plant based nutraceuticals market growth is the increasing awareness and consumer interest in natural and organic health products. With the growing concerns over synthetic additives and the side effects of conventional medicine, more consumers are turning towards plant-based alternatives for their health and nutritional needs.
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Additionally, the rising incidence of lifestyle diseases like diabetes, obesity, and heart conditions has led to a heightened focus on preventive healthcare, subsequently driving the demand for nutraceuticals.
The growth of the middle-class population, with increasing disposable incomes and health consciousness, further contributes to the burgeoning demand for plant-based nutraceuticals in India. Moreover, the traditional Indian emphasis on natural and Ayurvedic products aligns well with the concept of plant-based nutraceuticals, thus increasing the India plant based nutraceuticals market size.
The market is witnessing significant advancements in extraction and processing technologies, enhancing the efficacy and purity of plant-based nutraceuticals. Innovative encapsulation techniques and the development of enhanced delivery systems for better absorption and bioavailability are notable trends.
In terms of region, southern India, with its rich heritage in natural medicine and availability of diverse medicinal plants, is a significant contributor to the market. However, other regions are also experiencing growth, driven by increasing health awareness and the presence of key market players.
Looking ahead, the India plant based nutraceuticals market demand is expected to witness a surge, driven by increasing consumer awareness, technological advancements, and the rising prevalence of lifestyle diseases. The future of the plant-based nutraceuticals market in India lies in continuous innovation, adherence to quality standards, and effective marketing strategies.
India Plant Based Nutraceuticals Market Segmentation
The market can be divided based on type, dietary supplements type, form, and age group.
Market Breakup by Type
- Functional Food and Beverage
- Dietary Supplements
Market Breakup by Dietary Supplements Type
- Vitamin Supplements
- Proteins Supplements
- Calcium and Minerals Supplements
- Enzymes and Fatty Acids Supplements
- Organ Detox Supplements
- Others
Market Breakup by Form
- Capsule
- Tablet
- Liquid
- Others
Market Breakup by Age Group
- Adults
- Kids
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Competitive Landscape of India Plant Based Nutraceuticals Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India plant based nutraceuticals market. Some of the major players explored in the report by Expert Market Research are as follows:
- Zywie Ventures Private Limited. (Oziva)
- Organic India
- Satiya Nutraceuticals (Plix)
- Arbro Pharmaceuticals Private Limited
- Others
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