India’s nutraceutical sector to double in value by 2030

India’s nutraceutical industry is poised for strong expansion over the next five years, with its market valuation projected to double from around US$30 billion in 2024 to nearly US$60 billion by 2030, according to recent industry analyses.

The sector is expected to record a compound annual growth rate (CAGR) of more than 13 per cent between 2025 and 2030. This is reported by ANI, a partner of TV BRICS.

The surge is attributed to a combination of factors, including increasing consumer awareness about preventive healthcare, a rise in health-conscious lifestyles, government initiatives promoting wellness, and continuous product innovation. With a growing emphasis on nutrition, immunity, and fitness, the demand for dietary supplements and functional foods has witnessed a steady rise across India’s urban and semi-urban markets.

Experts note that the government’s supportive approach to healthcare and wellness, coupled with innovation in product formulations, is likely to further strengthen the industry’s performance.

The nutraceutical sector encompasses products derived from food sources that provide health benefits beyond basic nutrition, bridging the gap between nutrition and pharmaceuticals. As India’s health-conscious population continues to expand and wellness becomes a national priority, the industry is expected to play a growing role in supporting the country’s broader preventive healthcare ecosystem.

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