Indian companies giving MNCs a run for their money in vitamins

Three of top five pharmaceutical companies by market share based in India

Indian companies have fared well in the Rs 105 billion vitamins-minerals-nutrients market in the last few years, clocking double-digit CAGR (compound annual growth rate). 

The segment is largely dominated by multinational players. Three out of the top five, however, are homegrown firms—Mankind, Torrent and Alkem. Data from pharma market research firm AIOCD shows that among the top 10 players, firms like Torrent Pharmaceuticals have grown at 13 per cent CAGR, while Alkem has clocked 10.3 per cent and Mankind 9.9 per cent, in the last three years. 

Barring Abbott India (14.2 per cent), most MNCs have reported relatively sluggish growth