The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

 

 

About the event  | Brochure | Nutraceuticals Excellence Awards 2017 | Award Nomination Form  | Register Online

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The shift in healthcare from treatment to prevention is encouraging clinicians and patients to think differently about health and disease, and creating momentum for Nutraceuticals, with opportunities for Pharma and food companies to get involved in the disease/care pathway. The Pharma companies have an edge over FMCG with respect to science, innovation and technology, while the FMCG companies have an edge over pharmaceutical companies in terms of distribution (retail), and consumer preference of formats (food). By complementing each other`s strengths (and weaknesses), a merger of the Nutraceuticals portfolios of a big food company and a big pharmaceutical company might make sense, but there hasn`t been a significant one yet. Instead, there has been a blurring of the line demarcating the two industries and an active market for corporate transactions involving relatively small acquisitions and sell-offs.

The Indian Nutraceutical industry is expected to grow at 20% to US$ 6.10 billion by 2019-20 due to rising awareness about health, fitness and changing lifestyle. These numbers do speak of a market that holds a high preference and demand among consumers, something which is still showing signs of cumulative increment.

The need of the hour is product innovation by both Pharmaceutical as well as Food industry. Convergence of food industry with pharmaceutical companies in order to manufacture & distribute Nutraceuticals is an emerging area wherein both industries can leverage on each others` strengths of product innovation and distribution respectively.  

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For more details please contact: 

Mr.Sandeep Kochhar, Joint Director Email:sandeep.kochhar@assocham.com Phone:011-46550631, 9013338103
Mr.Anuj Mathur, Deputy Director Email:anuj.mathur@assocham.com Phone:011-46550601, 9810993268
Ms.Payal Swami, Deputy Director Email:payal.swami@assocham.com Phone:011-46550631,8527500385
Mr.Anshul Gupta, Executive Email:anshul.gupta@assocham.com Phone:011-46550570,7838665766

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