India is one of the fastest growing medical nutrition markets globally, owing to the widespread availability and adoption of protein and other nutritional supplements in the country. Protein and nutritional supplements help meet the daily protein and nutritional needs of the body, and aid in weight management, muscle gain, and improvement of overall health and performance. The growing awareness about the health benefits of nutritional supplements, coupled with the rising incidences of chronic lifestyle diseases such as diabetes, obesity, and cardiovascular diseases, is driving the demand for medical nutrition products in India.
Market key trends:
The growing incidences of chronic diseases such as diabetes, obesity, heart disease and malnutrition have significantly increased the demand for specially formulated medical nutrition products in India. As per National Family Health Survey-4, non-communicable diseases (NCDs) accounted for 60% of total deaths in India. Moreover, India has more diabetes patients than any other country with almost 8.7% of Indian adults suffering from diabetes. The rising burden of chronic diseases is encouraging consumers to adopt healthier lifestyles and opt for convenient and easily digestible nutritional supplements to fulfil their daily nutritional requirements as prescribed by doctors or dieticians. This growing preference for preventive healthcare over cures has boosted the sales of medical nutrition products over the recent years.
Segment Analysis
The India medical nutrition market is primarily segmented into infant nutrition, enteral nutrition, and parenteral nutrition. The enteral nutrition segment dominates the market and accounted for over 50% share in 2023. The segment is expected to witness high growth during the forecast period owing to rising prevalence of chronic diseases such as cancer, gastrointestinal disorders among others which requires enteral feeding.
Key Takeaways
The Global India Medical Nutrition Market Growth is expected to witness high. The global India medical nutrition Market is estimated to be valued at US$ 476.59 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030.
Regional analysis
The southern region dominated the India medical nutrition market in 2023 with over 35% share. The region is expected to witness fastest growth during the forecast period owing to growing healthcare infrastructure and rising medical tourism. States like Kerala, Tamil Nadu and Karnataka are expected to be the major revenue generators for the market in the region.
Key players
Key players operating in the India medical nutrition market are Keith Prowse, RTR Sports M, KNV Nutrition Products
India is one of the fastest growing medical nutrition markets globally, owing to the widespread availability and adoption of protein and other nutritional supplements in the country. Protein and nutritional supplements help meet the daily protein and nutritional needs of the body, and aid in weight management, muscle gain, and improvement of overall health and performance. The growing awareness about the health benefits of nutritional supplements, coupled with the rising incidences of chronic lifestyle diseases such as diabetes, obesity, and cardiovascular diseases, is driving the demand for medical nutrition products in India.
The global India medical nutrition Market is estimated to be valued at US$ 476.59 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing incidences of chronic diseases such as diabetes, obesity, heart disease and malnutrition have significantly increased the demand for specially formulated medical nutrition products in India. As per National Family Health Survey-4, non-communicable diseases (NCDs) accounted for 60% of total deaths in India. Moreover, India has more diabetes patients than any other country with almost 8.7% of Indian adults suffering from diabetes. The rising burden of chronic diseases is encouraging consumers to adopt healthier lifestyles and opt for convenient and easily digestible nutritional supplements to fulfil their daily nutritional requirements as prescribed by doctors or dieticians. This growing preference for preventive healthcare over cures has boosted the sales of medical nutrition products over the recent years.
Segment Analysis
The India medical nutrition market is primarily segmented into infant nutrition, enteral nutrition, and parenteral nutrition. The enteral nutrition segment dominates the market and accounted for over 50% share in 2023. The segment is expected to witness high growth during the forecast period owing to rising prevalence of chronic diseases such as cancer, gastrointestinal disorders among others which requires enteral feeding.
Key Takeaways
The Global India Medical Nutrition Market Growth is expected to witness high. The global India medical nutrition Market is estimated to be valued at US$ 476.59 Mn in 2023 and is expected to exhibit a CAGR of 24% over the forecast period 2023 to 2030.
Regional analysis
The southern region dominated the India medical nutrition market in 2023 with over 35% share. The region is expected to witness fastest growth during the forecast period owing to growing healthcare infrastructure and rising medical tourism. States like Kerala, Tamil Nadu and Karnataka are expected to be the major revenue generators for the market in the region.
Key players
Key players operating in the India medical nutrition market are Keith Prowse, RTR Sports M, KNV Nutrition Products.
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