Overview:

The India vitamins and mineral supplements market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Vitamin and mineral supplements are a combination of various ingredients that are rich in necessary nutrients that are found in food or in diet. This vitamin and mineral supplements provide additional essential nutrients to human body and supports to reduce the nutrient deficiency, malnutrition, and plays key role in the treatment of various diseases such as mental illness, depression, and sexual health issues.

Market Dynamics:

Increasing obese population and growing prevalence of various chronic diseases among individuals across the country are key factors driving growth of the India vitamin and mineral supplements market. For instance, according to the World Health Organization (WHO), around 70% burden of chronic disease will occur in emerging countries such as India and China in the near future.

In addition, rising vitamin deficiency and increasing health consciousness among individuals are key factors fueling growth of the vitamins and mineral supplements market. Moreover, rising number of start-ups offering vitamins and minerals via online sales channels is another factor driving the market growth. Rising marketing activities is expected to create lucrative opportunities for key players during the forecast period.

Key Trend:

Rising focus on product launches by major players is a key trend observed in the vitamins and mineral supplements market. For instance, in May 2020, Royal DSM launched its new, high-quality life’s DHASF55-O200DS oil for maternal and early life nutrition solutions. Also, in July 2019, Nutraceutical launched various products under its brand Solaray. The company launched range of leaf therapeutics products.

Scope of the Report:

 Detailed Segmentation:

India Vitamins and Mineral Supplements Market, By Product Type:

• Herbal


• Non-herbal

India Vitamins and Mineral Supplements Market, By Application:

• Immunity


• Mental Wellness


• Sleep Solutions


• Sexual Wellness


• Other Application

India Vitamins and Mineral Supplements Market, By Sales Channel:

• Specialty Stores


• Pharma Stores


• Other Sales Channel

Key Players Covered:

Key players operating in the vitamins and mineral supplements market includes, Bayer AG, E.I. du Pont de Nemours & Co., Koninklijke DSM N.V., Archer Daniels Midland Company, BASF SE, Glanbia PLC, Herbalife International of America, Inc., NBTY INC, Reckitt Benckiser Group plc, NutraMarks Inc., Nature's Harvest, Himalaya, Cureveda, Truebasics, and Alchemlife.

Key features of the study:

Foresight Market Research provides detailed analysis on country market in our report- India Vitamins and Mineral Supplements Market by product type, application, sales channel, and country. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the India vitamins and mineral supplements market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.