Nutraceuticals Manufacturers in India: Market Overview

Nutraceutical Third-Party Manufacturer Industry Overview: India has been emerging as a nucleus for the global nutraceutical industry. With a situation of an evolving health-conscious population, lifestyle disorders, and increased preference for natural solutions, the demand for nutraceuticals has soared. This, in turn, has given rise to an increasing number of superior, unmanufactured nutraceutical producers in India, capable of supplying quality dietary supplements, functional foods, and herbal products to both national and international markets.

Market Size and Growth Prospects: Nutraceuticals Manufacturers in India: Market Overview

The Indian nutraceutical market was valued at approximately USD 6 billion in 2022 and is expected to exhibit a CAGR of 12-15% over the next five years. The following factors are providing support:

• Healthcare costs rising

• Government aid towards AYUSH and wellness industries

• The middle-class population is growing in lifestyle-related diseases like diabetes and obesity

Some of these factors are contributing to the boom in nutraceutical manufacturing companies, with a rise in investment and demand for new products.

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