India's nutraceutical industry may be on track for remarkable growth, with projections suggesting the market could expand from its current value of about $10 billion to nearly $500 billion by 2047. The optimistic outlook reflects rising public interest in preventive healthcare and wellness, according to Pritee Chaudhary, Regional Director for the Western Region at the Food Safety and Standards Authority of India (FSSAI). Speaking about the sector's future, Chaudhary noted that if the current pace of expansion continues, the nutraceutical industry could eventually surpass India's pharmaceutical market by a considerable margin.
Growing consumer acceptance across metropolitan areas, along with increasing adoption in Tier II and Tier III cities , is expected to fuel this long-term growth. For physicians, the trend signals a steady rise in patient interest in supplements, functional…
