India Plant Based Nutraceuticals Market Report and Forecast 2024-2032

India Plant Based Nutraceuticals Market Outlook

The India plant based nutraceuticals market is expected to grow at a CAGR of 15.00% in the forecast period of 2024-2032.

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Increasing Health Consciousness Among Consumers is Positively Influencing the Market Growth

The Indian market for plant based nutraceuticals is witnessing robust growth following the outbreak of the COVID-19. The rising demand for food ingredients that provide medical and health benefits to boost immunity and prevent diseases is augmenting the demand for nutraceutials, hence spurring the growth of the market. In addition to this, the market is benefitting from the growing adoption of physical exercise routines, which is invigorating the demand for multivitamins, thereby supporting the market growth of plant-based nutraceuticals in the country.

Moreover, the growing importance of plant based food supplements due to their nutritious benefits is another factor propelling the growth of the market. Apart from this, factors such as increasing purchasing power of consumers resulting from rising per capita disposable incomes and the growing focus on healthy diets are additional factors supporting the growth of the market in India.

Plant Based Nutraceuticals: Market Segmentation

Plant based nutraceuticals refer to substances that are sourced from plants and composed of nutritious ingredients such as vitamins, minerals, proteins, fibres, probiotics, amino acids, among others, which assist in the prevention of diseases by boosting body immunity. The industry is witnessing the emergence of popular alternatives to traditional pills for the immense health benefits they offer, their shelf life, and water retention abilities vis-a-vis herb-based supplements.

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By type, the market is divided into:

• Functional Food and Beverage 
• Dietary Supplements

Based on dietary supplements type, the market can be segmented into:

• Vitamin Supplements
• Proteins Supplements
• Calcium and Minerals Supplements
• Enzymes and Fatty Acids Supplements
• Organ Detox Supplements
• Others

On the basis of form, the market can be classified into:

• Capsule
• Tablet
• Liquid
• Others

On the basis of age group, the market can be divided into:

• Adults
• Kids

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Increasing Demand For Functional Foods With Medical Benefits is Augmenting the Market Growth

The growth in the Indian market for plant based nutraceuticals is being led by the rising demand for functional foods, whhch have certain health and medical benefits. This can be associated with the growing consumer inclination towards healthy diets in recent years. The growing demand for dietary supplements and healthy foods, increasing healthcare costs, and changing lifestyle, are some of the factors propelling the demand for plant based nutraceuticals in the Indian market. In addition, the rising trends of veganism and the increasing number of vegetarian population in the country is boosting the adoption of plant-based products in several industries, including neutraceuticals. This is a significant factor stmulating the growth of the market. Further, the focus on preventive healthcare is further pushing the adoption of plant based nutraceutical products. Increasing awareness, rising disposable incomes, and growing inclination towards health are thus promoting the growth of the market.

Key Industry Players in the India Plant Based Nutraceuticals Market

The report gives a detailed analysis of the following key players in the India plant based nutraceuticals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Zywie Ventures Private Limited. (Oziva)
• Organic India
• Satiya Nutraceuticals (Plix)
• Arbro Pharmaceuticals Private Limited
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report