India Dietary Supplements Market Projected to Exhibit a CAGR of 11.6% Till 2021: TechSci Research

Oct 03, 2016, 10:30 ET from TechSci Research

NEW YORK, October 3, 2016 /PRNewswire/ --

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.

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Browse 10 market data Tables and 38 Figures spread through 130 Pages and an in-depth TOC on 

"India Dietary Supplements Market"

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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