Industry Odisha Bureau, Aug 18: To draw up a new incentive framework in order to boost India’s $30 billion nutraceutical industry, the Ministry of Food Processing Industries (MoFPI) has reportedly sought inputs from the Ministry of Helath and Family Welfare (MoHFW) and the Food Safety and Standards Authority of India (FSSAI), and has also reportedly initiated consultations with the industries concerned.
Media reports, citing the June 2026 report of CareEdge Ratings, have stated that, India’s nutraceuticals market is projected to expand from $37–38 billion in 2026 to $55–57 billion by 2030.”
On India’nutraceuticals industry overview, media reports have stated that, “India’s nutraceuticals market is expanding rapidly, projected to grow at over 11% compound annual growth rate (CAGR), driven by rising health awareness, preventive healthcare adoption, and strong traditional knowledge bases.”
On its CAGR, media reports have added that, “While the CAGR is projected at 11.14% from 2026 to 2034, other reports place the 2025 value higher at $38.77 billion with a 2033 projection of $84.99 billion, reflecting differences in scope and methodology.”
Media reports, citing market experts and analysts, have also stated that, “India, with its rich biodiversity, traditional knowledge, and expanding middle class, the nutraceutical sector, is positioned for sustained high growth. Besides, technological advances in personalized nutrition, AI in supplement formulation, and digital health awareness are expected to accelerate adoption.”
Media reports, citing government sources, have further stated that, “MoFPI is, at present, reviewing lessons learnt from the current production-linked incentive (PLI) programme in the food processing sector and engaging with industry stakeholders before finalising a new framework. Implemented as a six-year scheme, the Rs 10,900-crore PLI for the food processing sector is slated to end on March 31, 2027.”
