The India medical nutrition market is set for robust growth over the next decade. The market comprises both oral nutrition as well as parenteral nutrition products aimed at meeting the nutritional needs of consumers suffering from chronic diseases or conditions such as cancer, renal disorders, gastrointestinal disorders, and diabetes among others. Medical nutrition products offer distinct advantages over normal food items by virtue of their scientifically formulated compositions that are tailored for specific medical conditions. With changing lifestyles and rising burden of chronic diseases, the demand for specialized clinical nutrition solutions is witnessing an upsurge in India.
India Medical Nutrition Market is estimated to be valued at US$ 466.5 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the India medical nutrition are ROSEN Group, Johnson and Allen Ltd., Advanced NDT Ltd., Olympus Corporation, Intertek Group PLC, Baker Hughes, GE Measurement and Control, and Russell Fraser Sales Pty Ltd., among others.
The market provides lucrative opportunities for players to tap the large underpenetrated population in need of nutritional interventions. Growing awareness about clinical nutrition and rising income levels will boost product adoption over the coming years.
Globally, companies are expanding their footprint in developing nations like India given the rapidly evolving healthcare ecosystem and increasing patient pool indicating long term growth prospects.
Market Drivers
The key driver boosting India Medical Nutrition Market Demand is the rapid rise in prevalence of chronic diseases like diabetes, cancer etc. As per WHO, diabetes prevalence in India stands at an alarming 77 million cases currently. Growing geriatric population also drives nutrition needs. Further, increasing healthcare expenditure, commercial promotion of products, and favorable regulatory environment also support market expansion.
PEST Analysis
Political: The government regulates the industry through various legislation on manufacturing, import/export, taxation, product standards etc. The government supports initiatives to promote use of medical nutrition.
Economic: Growing economy and rising disposable incomes have increased healthcare spending which drives India Medical Nutrition Market Size and Trends. Aging population also contributes to market growth.
Social: Increased health awareness and focus on preventive healthcare have accelerated use of medical nutrition. Common chronic diseases like diabetes also create demand.
Technological: Digital technology helps improve production processes, cold chain logistics and easy accessibility through e-commerce portals. Personalized nutrition based on individual needs is gaining traction.
The Western and Southern regions account for over 55% of the market value due to high consumer spending in states like Maharashtra, Tamil Nadu, and Karnataka. Metros and Tier I & II cities dominate sales.
The Northern region exhibits fastest growth led by Punjab, Haryana and New Delhi. Expanding healthcare infrastructure, growing affluence and lifestyle diseases fuel demand. E-retailers find opportunities in tier III and IV cities supported by digital and delivery networks.
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