Indian Dietary Supplements to Soar, Says Frost & Sullivan
Indian dietary supplement markets earned revenues of $37.7 billion in 2009 (representing a 16% growth rate), according to a recent report on Indian dietary supplement markets from Frost & Sullivan.
Indian dietary supplement markets earned revenues of $37.7 billion in 2009 (representing a 16% growth rate), according to a recent report on Indian dietary supplement markets from Frost & Sullivan (San Antonio).
The market research group predicts that total revenues will reach $107.7 billion by 2016.
While such figures are compelling, Frost & Sullivan insists that the increased awareness has also brought attention to functional and fortified foods, with dietary supplements needing to make their worth clear.
"Most supplements in the market make health claims that are not independently verified," saidFrost & Sullivan research analyst Partha Basu. "The participants need to conduct clinical studies on their products and publish them in peer-review journals to prove their efficacy and thereby, gain acceptance."
For more information on this market report, email Anish Charles at anishc@frost.com or Nimisha Iyer at niyer@frost.com.
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