India nutraceutical market set to near-double to $57B by 2030 on preventive-health boom
India's nutraceutical sector is projected to grow from $29-30B in 2024 to $55-57B by 2030 at ~10.5% CAGR, fueled by preventive-health demand, e-commerce expansion and FSSAI/MoFPI policy support across functional foods and dietary supplements retail.
What happened
India nutraceutical market · India's nutraceutical market is projected to nearly double to $55-57 billion by 2030 at ~10.5% CAGR, driven by preventive-health
Key facts
- $29-30 billion in 2024
- $37-38 billion by 2026
- $55-57 billion by 2030
- CAGR ~10.5%
Why this matters
The ~10.5% CAGR and policy support from FSSAI/MoFPI make this a prime window to scout acquisitions or partnerships in functional foods and dietary supplements before valuations climb.
What to watch
- FSSAI label/efficacy enforcement actions or new supplement category rules
- MoFPI incentive disbursements and PLI extensions to nutraceuticals
- Quarterly e-commerce/quick-commerce nutraceutical GMV growth rates
- FDI and M&A activity in Indian supplement and functional-food brands
- Ingredient import-cost and supply-chain disruptions
- FMCG and pharma incumbents expand nutraceutical SKUs and acquire D2C supplement brands
- Retailers and quick-commerce platforms build dedicated functional-foods aisles and private labels
- Ingredient suppliers invest in domestic manufacturing to cut import dependence
- Brands shift marketing to clinically-backed claims and personalization to defend pricing