Rise in health awareness to take nutraceuticals market to $ 8.5 bn by 2022

Dietary supplements accounted for 65% of Indian nutraceuticals market, says a Assocham-RNCOS study

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BS B2B Bureau New Delhi

Last Updated : Apr 19 2017 | 3:29 PM IST

Indian nutraceuticals market is expected to reach $ 8.5 billion by 2022 from $ 2.8 billion in 2015, according to a study jointly undertaken by Assocham and RNCOS.

In 2015, India accounted for a share of around 2 percent of the global market. By 2022, this share is anticipated to increase to a value of approximately 3 percent owing to country’s large population base, increasing urban belt and awareness.

While dietary supplements segment accounted for 65 percent of Indian nutraceuticals market in 2015, the remaining 35 percent was occupied by functional food & beverages. Going forward, functional food & beverages are expected

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