The Indian dietary supplements market to reach $10 billion

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Vitafoods India 2024 Shines Spotlight on Surging Indian Nutraceutical Market


Vitafoods India 2024 Shines Spotlight on Surging Indian Nutraceutical Market

Posted by NILESH WAGHELA

Mumbai: The Indian dietary supplements market is expected to reach approx. $10 billion by 2026 from $4 billion in 2020, with a notable 22% year-on-year growth rate.

The Vitamins & Minerals market is expected to surge, reaching a revenue of $2.63 billion by 2024, with an estimated annual growth rate of 7.71% from 2024 to 2028.

With over 100 International and Domestic Exhibitors, Vitafoods India promises to be an unparalleled platform for the nutraceutical industry.

Industry experts lead Panel Discussions on topics including Gut Health Well-Being, Nutrition for Women across all life stages, and Emerging Trends in Sports Nutrition, among others.

Informa Markets, India’s leading B2B exhibition organiser, successfully commenced the 2nd edition of Vitafoods India today at the Jio World Convention Center, Mumbai. The three-day event, a dedicated expo showcasing the fast-transforming Indian nutraceutical market, witnessed significant participation with over 100 domestic and international exhibiting companies taking center stage.

The grand opening of the esteemed expo was graced by distinguished dignitaries, including Chief Guest Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra ; Sanjaya Mariwala, President, AHNMI (Association of Herbal and Nutraceutical Manufacturers of India); Dr Nilesh Amritkar, President, AFSTI (Association of Food Scientists & Technologists); Dr. Vaibhav Kulkarni, Hon. Secretary, HADSA (Health Foods and Dietary Supplements Association); Mr. Umesh Kamble, Secretary General, CASMB (Chamber for Advancement of Small  Medium Businesses; Mr. Yogesh Mudras, Managing Director of Informa Markets in India; and Mr. Rahul Deshpande, Senior Group Director at Informa Markets in India, among other distinguished guests

Recognizing the sector’s importance, Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra, said ” VitaFoods India 2024 is a significant event for the growing nutraceutical industry in India. This three-day extravaganza, hosted in Mumbai, reflects our government's commitment to fostering a business-friendly environment, evident in our dedication to ease of doing business. The internationality of Vitafoods India, connecting professionals from over 40 countries, underscores the global appeal of this industry. Strict compliance is vital, with the government implementing strong monitoring frameworks for nutraceutical integrity. Maharashtra offers optimal conditions for business 

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