India Dietary Supplements Market Projected to Exhibit a CAGR of 11.6% till 2021
Rising health concerns,
increasing purchasing power, changing lifestyle, coupled with growing awareness
about the benefits of dietary supplements to drive India dietary supplements
market through 2021.
According to TechSci Research report, “India Dietary Supplements Market By Type, By
Point of Sale, By Top City,
Competition Forecast & Opportunities, 2021”, the dietary supplements market in
India is forecast to exhibit a CAGR of 11.6% during 2016-2021, owing to increasing awareness among consumers about preventive
healthcare, changing lifestyle, coupled with rising adoption of dietary
supplements. Growing urbanization,
hectic lifestyle among individuals has increased the stress level among
individuals, which is the major factor for rising lifestyle diseases such as,
obesity, blood pressure, diabetes, etc. According to world bank in 2015,
healthcare expenditure in India stood at 4.90% of India’s GDP, as compared to
4.70% in 2014. Increasing healthcare expenditure, rising disposable income and growing
health consciousness are the major factors driving India dietary supplements
market. Moreover, according to the world bank GDP per capita stood at
USD1581.59 in 2015 as compared to USD1576.82 in 2014, thereby India GDP per
capita exhibited a CAGR of 2.65% during 2010-2015. Furthermore, rapid
urbanization, rising per capita income and growing awareness about the benefits
of dietary supplements to drive India dietary supplements market during the
forecast period.
Browse 10 market data Tables and 38 Figures
spread through 130 Pages and an in-depth TOC on "India Dietary Supplements Market"
https://www.techsciresearch.com/report/india-dietary-supplements-market-by-product-type-protein-supplements-vitamins-minerals-herbals-probiotic-others-forecast-opportunities-2021/754.html
Vitamin and mineral dietary
supplements dominated India dietary supplements market in 2015 and is projected
to continue it’s dominance through 2021, owing to the fact that dietary
supplements contain variety
of micronutrients that helps a body to function smoothly and improve mental
health. The largest
and most penetrating channel for selling dietary supplements has proved to be Pharmacies/Drug Stores across India,
coupled with government licensing them to sell drugs and dietary supplements as
prescribed by the doctor or health professional.
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“Rising health problems due to changing
lifestyle coupled with, lack of balanced diet is shifting focus of people towards
dietary supplements to safeguard themselves from the adverse effects of
lifestyle diseases. Moreover, rising disposable income and growing awareness
among people about the benefits of these dietary supplements are further
anticipated to drive India dietary supplements market during the forecast
period.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Dietary Supplements
Market By Type, By Point of Sale, By Top City, Competition
Forecast & Opportunities, 2021” has evaluated the future
growth potential of dietary supplements market in the country and provides
statistics and information on market structure, size, share and future growth. This
report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyses emerging trends along with essential drivers,
challenges and opportunities in Dietary Supplements market in India.
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