The import of Vitamin C into India is projected to rise steadily from 2.4102 million kilograms in 2024 to 2.7149 million kilograms by 2028, indicating consistent growth in demand. As of 2023, imports stood at approximately 2.33 million kilograms, reflecting the upward trajectory. The year-on-year growth rates suggest a gradual increase, with anticipated percentage variations moving from 3.3% in 2024 to around 2.8% by 2028. The compound annual growth rate (CAGR) for this five-year forecasting period is approximately 2.8%, underscoring a stable increase in imports.
Future trends to watch for include:
- Shifts in global Vitamin C production affecting import volumes.
- Domestic policies and health trends influencing consumption rates.
- Technological advancements enhancing efficiency and storage.
- Potential volatility due to global raw material supply chain challenges.
