siliconindia | | APRIL 20214The Nutraceutical industry is rooting deeper in India, as the population turns health-conscious and aware of the benefits of natural nutritional supplements. Often considered to be a sub-section or an off-shoot of the pharmaceutical sector, the nutraceutical industry is now receiving due recognition from its consumers.India has embraced a magnificent upswing in the acceptance and usage of nutraceutical products as a viable option for maintaining health. The market had flourished into a $4 billion industry in 2017 and is expected to grow at a CAGR of 21% to become an $18 billion industry by 2025. Although this has certainly given us `raison de célébrer', some serious limitations require our unbiased attention. Despite the phenomenal growth and the rapid increase in demand for nutraceutical products, the lack or absence of a specific regulatory approval process, which causes delays, is the need of the hour. This vacuum in the system has created a state of doubt in the minds of nutraceutical manufacturers in India; whether to scale or disband.The new rules under FSSAI have made it easier for the authorities to govern the manufacturing, distribution, and sales of nutraceutical supplements within the country. However, this is inadequate when it comes to providing a permanent solution for the issues associated with the registration process. As of now, the central focus should be to have a structured process of registration for the nutraceutical industry. This will in turn make available preventive health solutions to the consumers at lightning speed, making the industry a lot more competitive.The Indian Nutraceutical Market is growing exponentially and India is poised to be a global leader in the nutraceutical segment in the near future, therefore it would be unfortunate if this growth story meets a dead end merely because our regulatory framework is playing catchup.Do let us know what you think.Emmanuel Christi DasEditoreditor@siliconindia.comGrowth of Nutraceutical as an Industry AloneEditorial Vol 09 · Issue 10 - 02 · April, 2021 Publisher Alok Chaturvedi Editor Emmanuel Christi Das Editorial Team Aveek Pal Chaudhuri Avinash Roy Abantika Bhattarcharjee Komal Banchhor Mandvi Singh Rakesh P Sai Nandan M R Sai Nandan M R VP - Sales & Marketing Virupakshi Pattar GM - Sales & Marketing Rohit Kumar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2021 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Dennis Bennito S Sivasankar Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Shivam AgarwalCirculation Manager Magendran Perumal Ashwini D Naik Naganidhi Shivam AgarwalCorrespondentsSambit Satpathy Subhadarshani Mohanty
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