"Consumption
of protein powder in India increasing because of increasing young population, western influence on diets, increasing
frequency of exercise, and growing focus on leading active and healthy
lifestyles has increases the adoption of protein supplements. But more than 60%
of dietary supplement are fake.”
According the report on ‘India Malt, Protein and Herbal supplementmarket outlook, 2023’ published by Bonafide Research, the protein
supplement market was grown with CAGR of more than 15 % during the year 2011-12
to 2016-17. Health fitness is rapidly gaining popularity in India. People have
become more health conscious and image sensitive, so has the pursuit of fitness
and bodybuilding. Fitness enthusiasts today are mostly in the age group of 20
to 35 years, mostly are students and professional. This young India is more
health conscious and is constantly looking for ways to stay fit and healthy. The
Market of Dietary Supplement has gone up as a dynamic segment that will throw
up a lot of opportunities to innovate and grow. In protein supplement products
profit margin is around 60-70% of the product price. This huge profit margin
has attracted some unorganized players in Protein powders and Bars segment for selling
fake supplements. In India more than 60% percent of dietary supplement being
sold are fake, counterfeit, unregistered and unapproved and it is extremely
difficult to identify them. In top 12 cities of urban India nearly 78 percent
of adolescent daily consuming dietary supplements.
Most individuals purchase
supplements from local pharmacy or local stores, so gray marketers directly
deal with these individuals and give them higher margin for selling their fake
supplements. Indeed, even online buying of protein powder are risky because
there is also great chance of getting fake item in the name of branded
product.US-manufactured whey protein tubs don't list expiry dates. Instead,
they print a best-before date. Such near best-before-date tubs are regularly
offered at heavily-discounted rates, consumption of this can cause health
issue. The consumption of protein powder is more in south region of country
which is more than 34% of total consumption in country. Venky’s,
Brightlifecare, Medinn Belle, MuscleBlaze are the some of the largest player in
protein powder market. Casein, soy protein, and whey protein, are the main
forms of protein powder. A lot of factories have come up in areas like Dharavi,
where they are making whey protein containers with soya powder and cocoa. But
excess soya interferes with hormone function and it is also bad for kidneys.
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Major
Companies
Major companies that
operates into Malt, Protein and Herbal supplement market are GSK Consumer
Healthcare Private Limited, Mondelēz India foods Private Limited, Kraft Heinz
India Private limited, Abbott India Limited, Danone Nutricia India Private
Limited, Patanjali Ayurved Limited, Bright Life Care Private Limited, Medinn
Belle herbal Care Private Limited, Herbalife India Private Limited, Amway India
Enterprise Private Limited, etc.
CONTACT
US
Bonafide Research &
Marketing Pvt. Ltd.
Steven Thomas – Sales &
Marketing Manager
E-mail: sales@bonafideresearch.com
Telephone: +918469530845
Website: http://bonafideresearch.com/
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