The import of Vitamin C to India experienced varied growth patterns over the years. In 2013, the value started at $4.746 million, rising to $18.858 million by 2023. Year-on-year variations indicate fluctuations, with notable increases of 118.8% in 2017 and 38.77% in 2018. In 2020, the year-on-year growth was 10.59%, decreasing slightly in 2022 by -4.88%. The Compound Annual Growth Rate (CAGR) shows an upward trend, with the last 5-year CAGR at 2.61%, forecasting a CAGR of 2.75% leading up to 2028.
Future trends to watch for include:
- Global supply chain influences on import volumes and values.
- Potential changes in dietary supplement regulations in India.
- Fluctuations in global Vitamin C prices impacting import costs.
- Rising consumer health awareness potentially driving higher demand.
