Mon. Dec 6th, 2021

Growing health concerns due to hectic & stressful lifestyle, rising disposable income and increasing consumer awareness to drive India dietary supplement market through FY2026

According to TechSci Research report, India Dietary Supplement Market By Product Type (Vitamin, Mineral, Combination Dietary Supplement, Herbal Supplement, Fish Oil & Omega Fatty Acid, Protein & Other), By Form (Tablets, Capsules, Powder, Liquids, Soft Gels), By Distribution Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Immunity Others), By End Use (Infants, Children, Adults, Pregnant Females, Geriatric), BY Region, Competition, Forecast & Opportunities, FY2026”, India dietary supplement market was valued USD 3924.44 Million in FY2020 and is predicted to grow at CAGR of 17.28% until FY2026, to reach USD 10,198.57 Million by FY2026. Expanding working class population, which is highly active on social media, has higher awareness of lifestyle diseases caused due to lack of proper diet. Hence, they constitute a high demand generating segment for dietary supplements. In addition, people with hectic lifestyle are not able to maintain a balanced diet therefore tend to use dietary supplements in order to fulfil their dietary requirements.

Browse 6 market data Tables and 62 Figures spread through 99 Pages and an in-depth TOC on“India Dietary Supplement Market”

https://www.techsciresearch.com/report/india-dietary-supplement-market/1647.html

With rising disposable income and sedentary lifestyle patterns, consumers are shifting towards convenient shopping options. Indian consumers are increasingly opting for online shopping and digital payment methods as a result of growing internet connectivity and smartphone penetration. Dietary supplement players are also focusing on e-commerce platforms to increase their consumer reach.

Based on end use, adult segment accounted for the dominant share in FY2020 due to rising awareness among this segment for fat reduction and increasing focus for improving nutrition intake.

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“Due to stressful, hectic and sedentary lifestyles, individuals are unable to start off with a healthy breakfast. With rising cases of lifestyle diseases such as diabetes, blood pressure, cardiovascular diseases, asthma, etc., more and more people are focusing towards consuming a balanced diet, and for that, they are opting for dietary supplements as a part of their diet. Balancing health and time is what an increasing number of consumers are looking into, and consequently, a rising number of manufacturers of dietary supplements are trying to capitalize on this growth opportunity.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Dietary Supplement Market By Product Type (Vitamin, Mineral, Combination Dietary Supplement, Herbal Supplement, Fish Oil & Omega Fatty Acid, Protein & Other), By Form (Tablets, Capsules, Powder, Liquids, Soft Gels), By Distribution Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Immunity Others), By End Use (Infants, Children, Adults, Pregnant Females, Geriatric), BY Region, Competition, Forecast & Opportunities, FY2026 has evaluated the future growth potential of India dietary supplement market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, trends and opportunities present in India dietary supplement market.

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