India, critical player in global health & wellness arena

The Indian nutraceutical industry is pursuing innovation, coupled with stronger international cooperation and standardized regulations.

- Our Bureau, Bengaluru

With this India is not just participating in the global nutraceutical game anymore. The industry here is actually in a position to note merely engaged in the marketing nutraceutical products but cementing a spot as an absolutely crucial player in the entire global health and wellness arena with real impact, opine experts.

India has a capability to contribute to the global regulatory conversation. By blending our traditional health systems, like Ayurveda, along with scientific capabilities, we can help craft entirely new frameworks for safe and effective botanical and functional food ingredients worldwide. Here we are ready to lead, said Gaurav Soni, co-founder & managing director, Botanic Healthcare.

The need of the hour is expedited approvals for ingredients that are already recognized worldwide. There is a need for official acknowledgment of international monographs and reference materials. There needs to be incentives for companies to get global certifications like US FDA-GMP, EU-GMP, and NSF. Another is a central digital hub that gives us real-time regulatory intelligence across different countries with a big push for collaborative research on safety and effectiveness, pointed out Soni.

Noting that it is heartwarming to see that Indian businesses are not just sitting back, Soni said that companies are instead actively implementing international best practices, investing into clinical research, seeking third-party certifications, adopting open sourcing, and focusing on sustainable manufacturing.

Nutra industry on an accelerated growth path

With shifting consumer mindsets, increasing disposable incomes, and robust regulatory frameworks, India's nutraceutical market is poised to become a global powerhouse in preventive healthcare and wellness.