Subscribe Now!

Nutraceuticals - The Next Gem of Healthcare Sector

   Nutraceuticals - The Next Gem of Healthcare Sector

Shuchi.P.Nahar
Twitter: shuchi_nahar

  1. What is Nutraceuticals?


The term ‘nutraceuticals’ was firstly used in the late 1980s to describe food products that have a medicinal benefit. This fast-growing sector includes functional foods (such as vitamin-enriched products), nutritional supplements, sport drinks, and medically formulated foods. 


Nutraceuticals and its Division

Shuchi Nahar's Weekend Blog


Figure 1: The diagram showing the various divisions of Nutraceuticals 


  1. Scope


Nutraceuticals is expected to play a central role in preventative healthcare. The logic seems simple - an ageing population gives rise to lifestyle-related diseases, whose impact can be lessened by making healthier choices earlier in life. This convergence of medicine, food and technology is likely to create a battleground in which food and pharma companies compete for dominance of the sector. Successful companies will have to hit the bullseye in six main areas: technology, product strategy, compliance, marketing, supply chain management and corporate deal-making.


  1. Food and Pharmaceutical Company having different Edge over each other


Food companies have a greater understanding than pharmaceuticals of nutrition and food formulation, plus decades of consumer research and relationships with mass-market distributors. 


Pharmaceutical companies have strong research departments, stakeholder relationships and regulatory structures that enable them to generate new compounds, plus wider ties to the scientific community. Among the pharmaceutical companies with a strong presence in nutraceuticals, Abbott owns some of the leading nutritional product brands. Pfizer sells a range of dietary supplements. Johnson & Johnson makes products to lower cholesterol and dietary supplements for people who are lactose intolerant. The progress done by pharma companies is much faster than the food , due to enriched R&D facilities with the pharma companies.


  1. Nutraceuticals gives an Exciting Opportunity to both Food & Pharmaceutical Companies


By complementing each other’s strengths (and weaknesses), a merger of the nutraceuticals portfolios of a big food company and a big pharmaceuticals company might make sense, but there hasn’t been a significant one yet. While both the company forays into nutraceuticals they can have benefits in themselves such as : 


Shuchi Nahar's Weekend Blog


Figure 2: Opportunities for Pharmaceutical Companies & Food Companies



  1. India’s Health Supplements and Nutraceuticals Market – An Overview

Source: Deloitte Nutraceutical Report

Figure 3: India Nutraceutical Market Growth till 2022 (USD Billion)


The term "health supplements and nutraceuticals” is evolving and the nomenclature varies across countries. For e.g., Canada naming them natural and non-prescription health products, the USA calling them dietary supplements and Japan naming them “foods for special health use”. 


This has resulted in different countries including different categories for defining “health supplements and nutraceuticals”.While the Indian market witnessed high growth rates in nutraceuticals, it is still a relatively small market global nutraceuticals industry. 


Indian nutraceuticals market constitutes nearly 2% of the global nutraceuticals market. It is expected to grow rapidly and account for 3% of the global share by 2022. Developed countries, including the US, Europe and Japan account for more than 90% of the global nutraceuticals market.



  1. Key Demand Drivers Leading to need and Growth of Health Supplements and Nutraceuticals in India


Shuchi Nahar's Weekend Blog

Figure 4: Key Drivers for growth in Nutraceuticals in India


  1. Elderly Population

Elderly population in India is expected to reach 143 million by 2021 from the current 100 million. With an ageing population, the chronic disease burden has also increased. India recorded 5.8 million deaths owing to Non-Communicable Diseases (NCD) in 2016, constituting 61% of total deaths.


  1. Rapid Retail Growth

India’s retail market is expected to double to US$ 1.3t by 2020 from US$600b in 2015. Increasing the number of supermarkets, health and wellness chains, etc. would increase the consumer's accessibility to nutraceutical products. A greater number of non-grocery retailers, such as drugstores, mass merchandisers and retail chains, etc. are expanding their selection in the food supplement space.


  1. Trend of Co-Prescription

Penetration of functional F&B remains significantly lower when compared to developed economies of the world providing significant room for opportunity. In India, a multivitamin product is prescribed in 16% of the prescriptions. Multivitamins are increasingly being co-prescribed in indications such as chronic alcohol liver cirrhosis, pregnancy, stroke, sepsis among others.

With the increasing penetration of modern forms of retail including hyper and supermarkets, eCommerce channels, etc., the distribution landscape for functional foods & beverages is changing rapidly.


  1. Change in Consumption pattern & Urbanization  

Focus on fitness and general well-being is leading consumers to intake food products that cater to their additional specific requirements such as proteins, antioxidants, vitamins, etc. With a rising urban population in India (33% in 2015, up from 27% in 1995) the consumption pattern has also changed in the nutraceuticals market. The traditional dietary supplements dominant market is now driven by functional foods. 


  1. The emergence of New Categories in Health & Wellness Space

There is an emergence of new niche categories such as anti-ageing, energy-boosting, skincare, digestive care, etc. are emerging as fast-growing categories. Additionally, an increased product penetration in existing categories such as fortified water in the health drink sub-segment, fortified noodles, variety of flavours in sports and energy drinks, etc. is likely to drive the demand for nutraceuticals over the next five years.


7)  Future Growth and Opportunities

The Nutraceuticals market worldwide is projected to grow by US$135.4 billion, driven by a compounded growth of 7.2%. Functional Food & Beverages, one of the segments analysed and sized in this study, displays the potential to grow at over 7.5%.  Poised to reach over US$196.4 Billion by the year 2025, Functional Food & Beverages will bring in healthy gains adding significant momentum to global growth. While the Indian market witnessed high growth rates in nutraceuticals, it is still expected to have a long runway to reach. Indian nutraceuticals market constitutes nearly 2% of the global nutraceuticals market. It is expected to grow rapidly and account for 3% - 5%  of the global share by 2022.

Developed countries, including the US, Europe and Japan account for more than 90% of the global nutraceuticals market. India’s nutraceuticals market is expected to double in size to US$ 1.27 billion by 2026, on account of the strong demand for dietary supplements from the upper and middle class.

India, the fastest growing economy in the world, houses over 1.25 billion people and, as per the UN, is forecasted to become the most populated country by 2024. With the growing population, India, a developing country, faces challenges to ensure that there is not only adequate food supply but it also meets the required nutritional levels.

Some Indian companies that are engaged in Nutraceuticals are:

1) Syngene (Contract Manufacturing for Probiotics)

2) Fairchem - Tocopherol Natural Vitamin-E

3) Fermenta Biotech - Vitamin D3

4) Advanced Enzymes - Human & Animal Nutritions

5) Laurus Labs - Synthesis/ Ingredient(Dietary Supplements) Etc

References:Ministry of food processing Industries - Health Supplements and Nutraceuticals

Ministry of Ayush

 Deloitte - Nutraceuticals Market in India

  Manufacturing units focused on niche  Nutraceuticals 

  KPMG - Nutraceuticals Future of intelligent food


 

Disclaimer: The information provided on Shuchi Nahar’s Weekend Blog is for educational purposes only. The articles  may contain external links , references and compilation of various publicly available articles. Hence all the authors are given due credit for the same. All copyrights and trademarks of images belong to their respective owners and are used for Fair Educational Purpose only. 


Twitter: shuchi_nahar

Comments

  1. Divis also supplies some key material for preparing Nutraceuticals products in US and Switzerland

    ReplyDelete
    Replies
    1. Best Quality Health Supplements (Genuine & Authenticity Guaranteed)

      Best Whey Protein, Multivitamin & Health Supplement Shop Nearby in India. Proteins, BCAAs, Gainers, Pre Workout & Post-Workout, Multi-Vitamins, Omega Fatty Acids, Minerals, Antioxidants, Weight Loss Foods, Dry Fruits, Honey, Beverages, Vinegar & Juices, Bars, Herbs for Weight Loss, Immunity, Diabetes, Beauty, Vital Herbs, Stevia, Immunity Booster, Skin, Hair & Personal Care, Medical Supplies, Body & Beauty, Fitness, Plants.

      Delete
  2. Why leading names like Abott, Pfizer, which were acknowledged in your blogpost as the leading manufacturer and supplier of nutraceuticals in India, were left out in the final list given at the end of the article.

    ReplyDelete
    Replies
    1. I have been suffering from (HERPES SIMPLEX VIRUS) disease for the past four years and had constant pain. During the first year, I had faith in God that i would be healed someday.This disease started circulating all over my body and i have been taking treatment from my doctor, few weeks ago i came on search on the internet if i could get any information concerning the prevention of this disease, on my search i saw a testimony of someone who has been healed from Herpes Simplex Virus by this by Dr voodoo and she also gave the email address of this man and advise anyone to contact him for any kind of problem that he would be of help, so i wrote to Dr voodoo telling him about my (Herpes Virus) he told me not to worry that i was going to be cured!! Though i never believed it,, well after all the procedures and remedy given to me by this man few weeks later i started experiencing changes all over me as the Dr voodoo assured me, after some time i went to my doctor for test and it confirmed that i have be finally healed behold it was TRUE, So friends if anyone have such problem and need help contact Dr voodoo on his email: voodoospelltemple66@gmail.com Add Dr voodoo on whatsApp +2348140120719

      Delete
  3. divis has its own subsidiary divis neutraceuticals.com

    ReplyDelete
  4. Nutraceuticals have many beneficial effects; hence, they have been used for treating and prevent many health problems, such as cancer, inflammation, hypertension, cardiovascular diseases, atherosclerosis, obesity, diabetes and others. Ciron Group, best pharma formulation companies in India and renowned manufacturer of pharmaceutical products in India. Contact us on our email id mail@cironpharma.com or call us on + 91 22 62748000. Our representative from Ciron Group will get back to you.

    ReplyDelete
  5. Are you searching for Best Global chemical distributors ? Eastarchem is the Best Global chemical distributors.We provide supply solutions for a variety of chemical products with diverse applications and uses, servicing a wide range of industries. Contact us to learn how we can help your business. Visit- http://eastarchem.com Call Now: +1 800898 2436

    ReplyDelete
  6. Nutraceuticals are products, which other than nutrition are also used as medicine, which has physiological benefit or provides protection against chronic disease. The pharma manufacturers in India contributed to providing medical relief to countries facing adversity of COVID-19.

    ReplyDelete
  7. This comment has been removed by a blog administrator.

    ReplyDelete
  8. jubliant ingrevia into nutraceuticals

    ReplyDelete
  9. I appreciate the work and effort that went into this article. This paragraph provides you with a clear picture. Without a question, it is an insightful piece that may assist us in expanding our understanding. Gotu kola Centella asiatica

    ReplyDelete
  10. Nice Blog Post. Thanks for sharing this put-up. I simply need to mention that every one of the records you've given right here is awesome...notable and a great blog post. Thanks for suggesting your Health supplements for this one. And I hope this may be beneficial for plenty of people. I would like to suggest to you the best Herbal Supplements Online buy at Ambrosial Nutrifood™. You are doing a great job. Keep it up👍.

    ReplyDelete
  11. Thanks you for sharing information. Amoxicillin 500mg may be the right prescription for you. It's an antibiotic that fights bacteria in your body. This antibiotic is used to treat bacterial infections, like tonsillitis, sinusitis, pneumonia, ear infections, and bronchitis. It also treats certain sexually transmitted infections.
    Amoxicillin 500mg
    azithromycin 250 mg tablet

    ReplyDelete
  12. Thank you for sharing this blog, your blog is so informative, please do visit the medicity, best medical institute for online health related courses.

    Hands on IVF Training

    ReplyDelete
  13. hI i READ YOUR BLOG WHICH IS REALLY GREAT. Thanks for sharing. We are manufacturer or exporter of Shuttring plywood you can visit there Shuttering Ply With Maximum Repetition

    ReplyDelete
  14. Thanks for sharing this amazing blog, I would like suggest Medcief Pharma, known as one the leading pharmaceutical contract manufacturing in india. The most active and dedicated facilities whose motto is to manufacture high in quality and affordable, drugs innovated using latest technologies. It’s certified by major Food and Drug authorities globally.

    ReplyDelete
  15. Thank you for sharing this useful information, I will regularly follow your blog.Excellent post, thanks for sharing, it’s indeed very helpful for new blogger like me


    Herbal Supplement

    ReplyDelete
  16. An interesting take on Nutraceutical companies. There are numerous advantages of taking nutritional supplements, so we believe this is here to stay. We at Fuma Natural recommend that people take herbal supplements to achieve excellent health and improved quality of life. Herbal supplements can help the body balance and heal itself, thus minimizing the adverse side effects of drugs.

    ReplyDelete
  17. Hello, Nice post, I wish to say that this article is awesome, great written and includes almost all important info. I like to look pharmaceutical manufacturing companies in india more posts like this. Please visit my website automation central.co.NZ. Best Digital Marketing Agency Auckland service provider.

    ReplyDelete
  18. WhizAI empowers life sciences, Health Care organizations by accelerating time to insight.The hybrid AI engine combines pre-trained and configurable models and unrivaled domain expertise.
    Every question asked by the user further automates the system to understand context and intent.
    Unlike search-based analytics platforms, which require users to learn predefined keywords, WhizAI’s NLP-based user experience allows life sciences users to ask questions using their own words via text or voice without any training or coding. Achieve 100% user adoption with WhizAI making it as one of the leaders in the field of Life Sciences Commercial Analytics & Market Access Analytics Pharma


    Pharmaceutical Business Intelligence Pharmaceutical Business Intelligence

    ReplyDelete
  19. Health must be first priority of a person, in this present era everyone has health issue, if you are one of them, so you must thing about your health. There are different reason to be unhealthy, it may have our bad eating habits, or don’t follow the exercise plan, it may be more types, but we are emphasizing on this point, which types of healthcare companies can provides you best services. Let’s talk about Best Healthcare Companies in India, do you know which is the best healthcare companies, probably you may confuse. Because there are lots of healthcare companies which can provide you best treatment and care.

    ReplyDelete
  20. This is a good common sense Blog. Very helpful to one who is just finding the resources about this part. It will certainly help educate me. Online Fruits in Jamshedpur

    ReplyDelete
  21. This blog is very helpful and informative for this particular topic. I appreciate your effort that has been taken to write this blog for us. Vegetable Home Delivery in Jamshedpur

    ReplyDelete
  22. Nice Post
    I like your blog and you share great information with us. We have also shared with you the updated news about world travelling.
    World Tasty and Delicious Food Recipes
    14 Things You Should Do In York
    Hair Care with Henna

    ReplyDelete
  23. Hi, I Read your blog and I feel it is a very wonderful, informative blog .
    There are a lot of good information on this blog, I'd like to Share and I think people will get a lot of support from this blog. Fruits Delivery in Jamshedpur

    ReplyDelete
  24. The Role of Healthcare Companies during Covid pandemic Healthcare companies serve clinical merchandise, similar to medications and clinical gear, and organisations associated with clinical benefits like medical clinic organisation or health care coverage. Since the beginning of the Covid pandemic, individuals are more worried about their well-being. Furthermore, so are the medical organisations. They have focused their attention on keeping up with and further developing people through conclusion, treatment, and counteraction to make lives sound. With creative arrangements and high-level techniques, these organisations are the encapsulation of medical services greatness that the entire world is discussing.

    ReplyDelete
  25. Nice Post
    I like your blog and you share great information with us. We have also shared with you the updated news about world travelling.
    Use Onion Juice For Hair Growth
    10 Best Places to Visit in Oaxaca, Mexico
    7 Ways to Relieve Back Pain Naturally

    ReplyDelete
  26. Nice Post
    I like your blog and you share great information with us. We have also shared with you the updated news about world travelling.
    Most Effective Ayurveda Tips for Weight Loss
    18 Best Things to do in Tulum, Mexico
    Taboo foods that are actually good for you

    ReplyDelete
  27. Thanks for sharing this worth reading article. This is really helpful. Keep sharing. Nutraceutical Multivitamin

    ReplyDelete
  28. Alpspure Life Sciences Private Limited remains on the forward edge of the new technologies and innovative products. We are amongst those few companies that are the best nutraceuticals manufacturers in Delhi, India. Our nutraceuticals have been appreciated by the buyers and consumers around the world making us one of the best nutraceuticals manufacturers in India .

    ReplyDelete
  29. Great Blog. Ikon Remedies is at the leading edge of nutraceutical manufacturing in India, providing new health solutions and a diversity of products, committed to quality nutraceutical manufacturer in India.

    ReplyDelete
  30. Thanks for sharing this blog, this blog is very helpful information for every one.

    Salmon Fish Oil Omega 3 Capsules Online

    ReplyDelete
  31. Nice Information. Innovative Pharma stands as nutraceutical product supplier in India, offering an extensive array of medications at compelling prices. Whether you're exploring trade prospects or pursuing career openings, connect with us without delay for a rewarding collaboration!

    ReplyDelete
  32. Thanks for sharing valuable information. For more info visit :
    Enzymes Wholesalers in India

    ReplyDelete
  33. <a href=https://esupli.com/products/zand-quick-digest-with-plant-enzymes?_pos=1&_sid=1ec34824c&_ss=r


    ReplyDelete
  34. nice article and i like your blog because of your articles thank you Razor Delivery Service

    ReplyDelete
  35. Hello nice to meet u, I Read your blog and I feel it is a very wonderful, informative blog Razor Delivery Service New York City

    ReplyDelete
  36. Multivitamins play a significant role in supporting overall health by providing essential vitamins and minerals. With their popularity on the rise, it's important to stay informed about their benefits and proper usage. For more insights into how multivitamins can fit into your wellness routine, check out the latest articles and research on trusted health blogs like multivit.us.

    ReplyDelete
  37. Find your wellness sanctuary with ACLS in Lakeside.

    ReplyDelete
  38. Superb website, Explore best nutraceutical manufacturer. Innovative is a trusted nutraceutical and pharmaceutical supplier in India.

    ReplyDelete

Post a Comment

Most Favorite Reads!

Ethanol - Demand, Production, Opportunities & Production Projections (Part-2)

Ethanol - Demand, Market Size, Opportunities & New Goverment Policies (Part-2)

Ethanol - Demand, Market Size, Opportunities & New Goverment Policies (Part-1)

Laurus Labs - Result Update Q4FY21 & Full Year FY21