Press Release

Need for stringent regulations and quality control in Nutraceuticals market: Ministry of Ayush Official

Need for stringent regulations and quality control in Nutraceuticals market: Ministry of Ayush Official

At the ASSOCHAM’s 10th Nutraceutical Summit on the theme “Shaping the Future of Preventive Healthcare” key speaker Joint Advisor of Ministry of Ayush Govt of India, Dr Srinivas Rao Chinta focused on the importance of nutraceuticals and how regulatory bodies play a key role in monitoring products for daily usage. He advocated the holistic approach of Ayurveda Dincharya aka routine that is being followed with the help of Nutraceuticals as everybody is concerned for their health these days. The integration of Ayurvedic principles into modern nutraceuticals has been a focal point in recent policy developments. The FSSAI in collaboration with M/o Ayush introduced the 'Ayush Aahar' category to regulate and promote Ayurvedic nutritional supplement to ensure that products align with traditional Ayurvedic recipes and processes thereby facilitating their production and marketing. He added regulatory aspects to be advanced to increase efficiency and safety issues. Licensing is a key factor that should not be overlapped in this emerging market, he added.

In his industry address Dr. Pirthi Pal Singh, VP & Head - R&D, Tirupati Group, provided a clear and insightful overview of nutraceuticals, covering both fundamentals and key industry trends. Highlighting the growing impact of nutrition on health, particularly in developed countries, he compared pharmaceuticals with nutraceuticals, emphasizing their distinct roles. A market analysis showcased the industry's rapid growth, with the global nutraceutical sector expanding at a 7% CAGR, while the Indian market is advancing at an impressive 19%, reflecting its rising prominence in preventive healthcare.

Dr. Narendra Deo Tripathi, Vice President - Operations and Regulatory Affairs, H & H Healthcare and Cosmetics Pvt. Ltd., highlighted the impressive growth trajectory of the nutraceutical market in the coming years. Addressing key industry challenges, he emphasized the urgent need to combat counterfeit products, ensure standardization, and strengthen quality control measures, setting the tone for impactful discussions on advancing preventive healthcare through innovation and industry collaboration.

Delivering an industry address Dr. Vivek Srivastav, Senior Vice President, Innovation, Business Strategy & Scientific Affairs, Zeon Lifesciences Ltd., emphasized the growing role of nutraceuticals in promoting healthier lifestyles and preventing illness before medication becomes necessary. Highlighting the need for personalized fitness, he advocated for flexible approaches over rigid benchmarks like the 10K-step goal.

In his concluding remarks, Mr. Sandeep Verma, Co-Chairperson, ASSOCHAM National Wellness Council and Country Head, Bayer Consumer Health India, Bangladesh & Sri Lanka expressed how consumers continue prioritizing health and wellness, the nutraceutical industry is poised for exponential growth. With advancements in personalized nutrition and AI-driven supplement recommendations, the future of nutraceuticals looks promising.