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Monday, August 29, 2022

Indian Plant-Based Nutraceuticals Market Likely to Grow at a CAGR of 15% by 2027

The ‘India Plant-Based Nutraceuticals Market Size, Report and Forecast 2022-2027’, by Expert Market Research gives an extensive outlook of the Indian Plant-Based Nutraceuticals Market, assessing the market on the basis of its segments like components, dietary supplement type, forms, age group, and major regions.

Indian Plant-Based Nutraceuticals Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

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The key highlights of the report include:

Market Overview (2022-2027)

• Forecast CAGR (2022-2027): 15%

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Growth Rate CAGR15%
Major PlayersZywie Ventures Private Limited. (Oziva), Organic India, Satiya Nutraceuticals (Plix), Arbro Pharmaceuticals Private Limited, Others

People are becoming more health-conscious due to the rise of lifestyle illnesses such as diabetes and obesity, as well as the rising geriatric generation. As a consequence, the transition from chemically derived goods to preventative healthcare goods such as nutraceuticals that include better, organic, and nutritious components is encouraging the market growth of plant-based nutraceuticals in India.

Furthermore, as a result of the COVID-19 problem, preventative healthcare measures, such as dietary supplements, are rapidly becoming a part of people’s daily life, contributing to the growing market. Because of the increased relevance of preventive healthcare among consumers and rising disposable incomes, India has seen an increase in demand for dietary supplements in recent years.

Vitamin supplements have become an essential part of modern diets, and this trend has been hastened by the epidemic. The steady increase of nutrition support with nutritious items is likely to open up a massive market potential in India.

Indian Plant-Based Nutraceuticals Industry Definition and Major Segments

Plant-based nutraceuticals are substances derived from plants and comprised of essential micronutrients such as vitamins, minerals, proteins, fibers, probiotics, and amino acids, among others, that aid in preventing disease by increasing body immunity.

The business is seeing the introduction of attractive alternatives to conventional medications due to the numerous health advantages they provide, their lifespan, and water holding capacities when compared to herb-based compounds.

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By component, the market is divided into:

• Functional Food and Beverage
• Dietary Supplements

Based on dietary supplements type, the Indian plant-based nutraceutical market can be segmented into:

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

On the basis of form, the market is classified into:

• Capsule
• Tablets
• Liquid
• Others

On the basis of age group, the market is divided into:

• Adults
• Kids

By region, the industry is categorized into:

• North India
• West India
• South India
• East & Northeast India
• Central India

Indian Plant-Based Nutraceuticals Market Trends

The market growth for nutritional supplements and functional ingredients is likely to be a major key driver in the market in the upcoming years. A positive view regarding medicinal nourishment, as seen by its expanding use in the therapy of cardiac disease and malnutrition, is anticipated to fuel the expansion of nutritional supplements.
Growing medical expenditures, along with an aging worldwide population, are expected to aid global functional-based food market growth throughout the projected timeframe.

Consumers’ attitudes regarding functional foods are highly positive, owing to the additional fitness & wellbeing advantages provided by these items. The growing geriatric generation, increased healthcare expenditures, changing lifestyles, dietary innovation, and expectations of higher pricing have all contributed to overall development.
Dietary fibers and micronutrients are projected to accelerate in popularity due to increased understanding of their advantages in general physical health functioning. Fibers facilitate smoother bodily functions while also detoxifying vital organs, whereas minerals aid in the storage and transport of nutrients into cells and stimulate blood coagulation, among many other tasks.

Furthermore, growing adoption rates of herbal remedies among consumers worldwide as a result of rising worries about the harmful effects of traditional pharmaceutical pharmaceuticals are likely to drive the Indian Plant-Based Nutraceuticals Market growth throughout the projected period.

Since the COVID-19 epidemic, there’s been a huge requirement for functional ingredients and health supplements. Immunity-enhancing pills have been popular in the last year, resulting in a huge shift in purchasing patterns and customer behavior. Furthermore, after the COVID-19 pandemic, preventative healthcare practices such as nutritional supplements will become prevalent. Thus, the worldwide COVID-19 epidemic has prepared the road for health products to establish a prominent position in the global market.

Key Market Players

The major players in the Indian Plant-Based Nutraceuticals Market report include:

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

The report covers the market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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