The import of provitamins and vitamins to India in 2023 stood at 260 Million US Dollars. Forecast data for the period from 2024 to 2028 indicates a consistent year-on-year increase in value. The figures are projected to be 270.78 Million in 2024, 280.97 Million in 2025, 290.96 Million in 2026, 300.75 Million in 2027, and 310.34 Million in 2028. Observing the variation in percentage for 2023 to 2024 reflects an increase of approximately 4.15%. From 2022 to 2023, the figure showed an increase of 5%. The Compound Annual Growth Rate (CAGR) over the next five years is forecasted at around 3.58%.
Future trends to watch for include advancements in the virology and health segments, influencing a heightened demand for vitamins, especially driven by a focus on preventive healthcare measures. Additionally, increased consumer awareness regarding health and wellbeing is likely to sustain the upward trend in vitamin imports.
