NuFFooDS Spectrum Feb 2021
GROWTH SPURT OF INDIAN NUTRIENTS INDUSTRY HITS Rs 23K Cr
With over 1000 companies actively involved in the business of manufacturing
and selling nutra products comprising of vitamins/ minerals/ nutrients (VMN),
the Indian nutrients market has registered a growth of 10.5 per cent in 2019-20
to garner Rs 23,893 crore against the previous year’s sales revenue of Rs 21,616 crore. Indian companies contribute 66 per cent of the total VMN industry while the remaining 34 per cent comes from the MNCs. The Western region is dominating the VMN industry as 71 per cent of the companies are based in this region, followed by the Southern region, home to 21 per cent of the Nutra companies.