Indian Vitamins and Minerals Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028

Report Overview

Indian Vitamins and Minerals market size stood at USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of 15% during the forecast period.

A large number of vitamin supplements are available in the Indian market. It includes single-ingredient products and various combinations of vitamins, minerals, and other constituents.Vitamins are widely used as dietary supplements.Vitamins and minerals occupies a larger share of the pie in the Indian dietary supplements market - 40% - followed by the herbal segment contributing 30%, proteins segment contributing 25% and other segments contributing around 5% of the total market. The major function of dietary supplements is to fulfil the nutritional requirements of the human body and is usually consumed in the form of a pill, capsule, tablet, or liquid. A supplement can provide nutrition either individually or in combination, depending upon the requirements of the consumers body. Dietary supplements are rich in vitamins, minerals, herbs, enzymes, amino acids, and various other ingredients.In urban areas, higher income groups are the main consumers of dietary supplements and this will grow at a considerable rate. Moreover, rising health consciousness, rapid growth of the e-commerce market and rising per capita income are driving the growth of the dietary supplements market in India.

Market Drivers

The primary factor driving the Indian vitamins and minerals market is the increasing health consciousness among the consumers. Factors such as changes in eating habits, absence of physical activity and rising sedentary life styles have increased the occurrences of various lifestyle diseases such as diabetes, blood pressure, obesity, cardiovascular problems, etc. Moreover, improving awareness levels have also made consumers more aware on their nutritional requirements. With consumers unable to fulfil their nutritional requirements through their regular diets, they are now recognizing the importance of nutritional supplements to fulfil their nutritional gaps. Other factors driving this market include, rising disposable incomes, upgradation of the healthcare infrastructure, improving distribution networks, etc. Besides this, The government has taken several measures to reduce the same through various initiatives such as Integrated Child Development Services (ICDS), National Health Mission (NHM) and the mid-day meal scheme. As per a World Bank report on Nutrition in India, India loses nearly USD12 billion in Gross Domestic Product (GDP) to malnourishment.

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Major Players

The major players for Vitamins and Minerals Supplements in Indian Market are Abbott India Ltd, Amway India Enterprises Pvt. Ltd, Cadila Healthcare Ltd, Dabur India Ltd, GlaxoSmithKline Consumer Healthcare Ltd, Herbalife International India Pvt. Ltd, The Himalaya Drug Company, Merck Ltd, Patanjali Ayurved Ltd, Sun Pharmaceutical Industries Ltd. In March 2018, Amway Enterprises India Ltd. launched Nutrilite in the herbal segment. The Nutrilite Traditional Herbs range includes Nutrilite Tulsi, Nutrilite Brahmi, Nutrilite Ashwagandha and Nutrilite Amalaki, Vibhitaki, and Haritaki. The growing demand for nutraceuticals has also helped give rise to ventures such as HealthKart, Patanjali, apart from creating room for further consolidation by global brands such as Cargill, Nestle, and Amway in the Indian market.

The report delivers the challenges in front of the Indian Vitamins and Minerals Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Indian Vitamins and Mineralss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Product Type:

Based on the type, Vitamin and Minerals is segmented into Vitamin and Mineral Dietary Supplements, Herbal Dietary Supplements, Protein Dietary Supplements, Others. India is Well- Known for the Herbal Dietary Supplements, it demand has increased by XX% in last few years.

By Form:

Based on the form, Vitamin and Minerals Market is segmented into Tablets, Capsules, Powder, Liquid, Soft Gels, Gel Caps. Tablets for Vitamins C, D and E demand has increased after COVID-19 Pandemic.

Major Players

The major players for Vitamins and Minerals Supplements in Indian Market are Abbott India Ltd, Amway India Enterprises Pvt. Ltd, Cadila Healthcare Ltd, Dabur India Ltd, GlaxoSmithKline Consumer Healthcare Ltd, Herbalife International India Pvt. Ltd, The Himalaya Drug Company, Merck Ltd, Patanjali Ayurved Ltd, Sun Pharmaceutical Industries Ltd. In March 2018, Amway Enterprises India Ltd. launched Nutrilite in the herbal segment. The Nutrilite Traditional Herbs range includes Nutrilite Tulsi, Nutrilite Brahmi, Nutrilite Ashwagandha and Nutrilite Amalaki, Vibhitaki, and Haritaki. The growing demand for nutraceuticals has also helped give rise to ventures such as HealthKart, Patanjali, apart from creating room for further consolidation by global brands such as Cargill, Nestle, and Amway in the Indian market.

The Indian Vitamins and Minerals Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Indian Vitamins and Minerals market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Indian Vitamins and Minerals Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Indian Vitamins and Minerals market. Each section of the research study is specially prepared to explore key aspects of the global Indian Vitamins and Minerals Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Indian Vitamins and Minerals market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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• Compare financial trends between competitor companies
• Get to know about mergers and acquisitions
• Explore the strengths and weaknesses of companies cross-industry
• Improve your business modeling

Strategic Points Covered in Table of Content of Global Indian Vitamins and Minerals Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Indian Vitamins and Minerals market
Chapter 2: Exclusive Summary - the basic information of the Indian Vitamins and Minerals Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Indian Vitamins and Minerals
Chapter 4: Presenting the Indian Vitamins and Minerals Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Indian Vitamins and Minerals market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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