Product Code: ETC4550245 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India vitamins market import shipment demonstrated robust growth with a CAGR of 12.2% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, indicating a slowdown in the market expansion towards the end of the period. Overall, the market exhibited strong momentum but showed signs of stabilization in the recent year.
The India Vitamins Market has experienced steady growth as consumers increasingly recognize the importance of vitamins in maintaining overall health and well-being. Vitamins are essential micronutrients that play crucial roles in various bodily functions. The market is driven by the growing awareness of vitamin deficiencies, the desire for preventive healthcare, and the availability of a wide range of dietary supplements and fortified foods. Vitamins come in various forms, including capsules, tablets, and liquid supplements, catering to different consumer preferences. With a focus on health and the importance of a balanced diet, the India Vitamins Market is expected to continue its growth trajectory.
The vitamins market in India is expanding as consumers become increasingly health-conscious and seek preventive healthcare solutions. The market is driven by a growing awareness of the importance of vitamins in maintaining overall health and well-being. Additionally, the trend of fortifying various food and beverage products with vitamins is boosting market growth.
The vitamin market in India faces challenges associated with affordability and accessibility, given the diverse socioeconomic landscape in the country.
The vitamins market in India saw fluctuating demand during the pandemic. There was a spike in demand for vitamins, particularly vitamin C and D, due to their perceived immune-boosting properties. However, supply chain disruptions and the economic impact of the pandemic led to variations in market performance.
The India Vitamins market includes key players such as Ranbaxy Laboratories Limited, Sun Pharmaceutical Industries Ltd., and Abbott India Limited. These companies are prominent in the production and distribution of vitamins and dietary supplements.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vitamins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamins Market Revenues & Volume, 2021 & 2031F |
3.3 India Vitamins Market - Industry Life Cycle |
3.4 India Vitamins Market - Porter's Five Forces |
3.5 India Vitamins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Vitamins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Vitamins Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 India Vitamins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and wellness |
4.2.2 Rising disposable income leading to higher spending on preventive healthcare |
4.2.3 Growing geriatric population in India |
4.2.4 Changing lifestyle patterns towards healthier living |
4.2.5 Expansion of distribution channels, including e-commerce |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers |
4.3.2 Lack of stringent regulations leading to quality concerns |
4.3.3 Limited access to healthcare services in rural areas |
4.3.4 High competition among market players |
4.3.5 Negative impact of COVID-19 on supply chains and production |
5 India Vitamins Market Trends |
6 India Vitamins Market, By Types |
6.1 India Vitamins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Vitamins Market Revenues & Volume, By Vitamin B, 2021-2031F |
6.1.4 India Vitamins Market Revenues & Volume, By Vitamin E, 2021-2031F |
6.1.5 India Vitamins Market Revenues & Volume, By Vitamin D, 2021-2031F |
6.1.6 India Vitamins Market Revenues & Volume, By Vitamin C, 2021-2031F |
6.1.7 India Vitamins Market Revenues & Volume, By Vitamin A, 2021-2031F |
6.1.8 India Vitamins Market Revenues & Volume, By Vitamin K, 2021-2031F |
6.2 India Vitamins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Vitamins Market Revenues & Volume, By Healthcare Products, 2021-2031F |
6.2.3 India Vitamins Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.4 India Vitamins Market Revenues & Volume, By Feed, 2021-2031F |
6.2.5 India Vitamins Market Revenues & Volume, By Personal Care Products, 2021-2031F |
6.3 India Vitamins Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Vitamins Market Revenues & Volume, By Synthetic , 2021-2031F |
6.3.3 India Vitamins Market Revenues & Volume, By Natural, 2021-2031F |
7 India Vitamins Market Import-Export Trade Statistics |
7.1 India Vitamins Market Export to Major Countries |
7.2 India Vitamins Market Imports from Major Countries |
8 India Vitamins Market Key Performance Indicators |
8.1 Number of health and wellness campaigns conducted |
8.2 Average spending on preventive healthcare per capita |
8.3 Percentage increase in the geriatric population |
8.4 Growth in online sales of vitamins |
8.5 Number of new distribution partnerships established |
9 India Vitamins Market - Opportunity Assessment |
9.1 India Vitamins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Vitamins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Vitamins Market Opportunity Assessment, By Source, 2021 & 2031F |
10 India Vitamins Market - Competitive Landscape |
10.1 India Vitamins Market Revenue Share, By Companies, 2024 |
10.2 India Vitamins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |