According to a joint study by industry body ASSOCHAM, Associated Chambers of Commerce & Industry, and market research firm RNCOS the Indian nutraceuticals market is estimated to be $2.8 billion at present and is projected to touch $6.1 billion by 2020.
The report, entitled ‘Emerging Indian Nutraceutical’ Market‘, stated reasons for the rapid growth of the segment – it said, “Higher purchasing power has prompted Indians to be more health conscious and adopt a healthy diet routine completed with consumption of nutritional supplements.”
ASSOCHAM Secretary General D. S. Rawat said, “…In spite of the high growth rates of nutraceuticals in India, the growth… is restrained by lack of a solid regulatory framework which is crucial for medical credibility as it ensures high-quality products that can be relied on to do what they say they do.” The report added. “At present, India does not have any kind of regulatory guidelines for the approval or monitoring of the products under this segment.”
The Food Safety and Standards Authority of India has submitted recommendations on regulations required for this industry to the government earlier this year, reports SiliconIndia News.
Last updated: December 26th, 2025
