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Finshots Daily

A new regulator for nutraceuticals?

Feb 28, 2024
06:55
Snipd AI
Exploring the booming nutraceuticals market in India and the government's proposed regulatory changes. Discussing popular products, industry challenges, and government plans for sector growth. Join Ditto's team as an Insurance advisor without prior experience.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Indian nutraceutical market is rapidly growing and projected to reach $18 billion by 2025, driven by factors like sedentary lifestyles, decreased nutrient quality in food, and increased health awareness.
  • Government regulators are considering stricter controls for nutraceuticals through the drug regulator, CDSCO, to address concerns of unsupervised intake, misleading claims, unsafe products, and substandard labels.

Deep dives

Growing Nutraceuticals Market in India

The Indian Nutraceutical market witnessed rapid growth, reaching a value of $4 billion in 2020 and projected to become an $18 billion industry by 2025. Nutraceuticals, such as melatonin gummies and biotin pills, cater to wellness needs with bioactive agents from plants or herbs. Factors driving the Indian Nutraceutical trend include sedentary lifestyles causing nutritional deficiencies, decreased nutrient quality in food due to farming practices, and increased health awareness spurred by the pandemic.

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