The world is shifting gears, veering towards a health-conscious revolution. People are waking up to the importance of wellness and nutrition. They’re not just sipping green tea; they’re chasing vitality like it’s the golden fleece.
Mirroring this shift, the nutraceuticals market has experienced significant growth, escalating from 372.27 billion dollars in 2022 to 409.12 billion dollars in 2023, according to Research and Markets. Projections indicate a continued growth trajectory with a 9.9 percent CAGR from 2022 to 2027, with the United States and China dominating this market. Conversely, India, with its rich herbal traditions valued at 5.4 billion dollars, has yet to establish dominance in the sector.
In response, India’s industry stakeholders and regulators, including the government, are undertaking transformative efforts. A task force was established in 2021 to foster a conducive environment for the nutraceutical industry, marking a significant step towards progress. However, progress remains gradual, and changes are perpetual. India has the potential to
significantly expand its exports of nutraceuticals as its first goal. Subsequently, with the growth of its economy and disposable income, India is poised to become a high-growth domestic market for nutritional products. India requires a well-defined and determined strategy for entry to capitalise on these two growth opportunities.
GOVERNMENT ENDEAVOURS AND VITAL POLICY MEASURES TO PROPEL NUTRACEUTICAL INDUSTRY GROWTH
Bu hikaye The Machinist dergisinin January 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Machinist dergisinin January 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
BFW INAUGURATES ITS STATE-OF-THE-ART MANUFACTURING FACILITY IN HOSUR
BFW recently inaugurated its state-of-the-art manufacturing facility at Devaganapalli, Hosur, Tamil Nadu. The event was graced by wellknown thought leaders, members of BFW Board, over 50 overseas global partners of BFW and 300+ senior manufacturing professionals representing prestigious clients and close-knit ecosystem of supply chain partners.
WALTER INTRODUCES NEW COMPETENCE BRAND FOCUSING ON LIGHTWEIGHT MACHINING
Walter is raising its profile for the machining of lightweight components with the new Walter FMT competence brand.
UNPACKING THE FUTURE: THE INTERNET OF PACKAGING REVOLUTIONISES SUPPLY CHAINS AND CONSUMER EXPERIENCES
The article explains how the Internet of Packaging (IOP) is changing traditional packaging methods. With the help of technologies such as QR codes, RFID, and NFC, smart packaging goes beyond its conventional function as a container
DE-SKILLING - THE FASTEST WAY TO RAISE PRODUCTIVITY
Often viewed as a negative trend in the workplace, de-skilling can offer numerous benefits that can lead to increased productivity and reduced laborious efforts. The article demonstrates how companies can augment their efficiency by utilising the potential of workers while simplifying processes through de-skilling.
WE ARE HEAVILY INVESTING IN THERMAL MANAGEMENT SOLUTIONS
Vikas Marwah, CEO of Lumax Auto Technologies Limited (LATL), sheds light on the driving factors that led to the development of automotive air intake systems recently unveiled at Lumax Cornaglia Auto Technologies (LCAT) Private Limited's new facility located in Chakan, Pune. Additionally, he talks about the newly introduced rotational moulding technology and the competitive edge it will offer in terms of innovation and growth in an interview with Nisha Shukla.
FARMING FORTITUDE: GALVANISED STEEL'S VITAL ROLE IN AGRICULTURAL ADVANCEMENT
From protecting valuable assets to supporting critical infrastructure, the article delves into the critical role galvanised steel plays in fostering the success of the agricultural industry.
THE FUTURE OF SOFTWARE DEFINED VEHICLES IN INDIA
The article explores the potential and future of 'software-defined vehicles in India', investigating the evolution of software-driven mobility, the integration of sophisticated technology, and its growing impact on the Indian automotive industry.
LEVERAGING AI & ML IN ENHANCING CUSTOMER EXPERIENCE IN NBFC IN INDIA
The article delves into the ubiquitous role artificial intelligence (AI) and machine learning (ML) algorithms play in positively shaping the customer experience and the operations of Non-Banking Financial Companies (NBFCs) in India.
OUR STRATEGY IN EMERGING MARKETS FOCUSES ON INNOVATION AND AFFORDABILITY
For Wilo Group, emerging markets have always served as a conducive ground for innovation and expansion. While it comes with numerous challenges and opportunities, for Jens Dallendoerfer, Senior Vice President of Sales Region Emerging Markets, Wilo Group, the most compelling aspect of tapping emerging markets is the sheer scale of untapped demand and growth potential. In an interview with Rahul Kamat, he candidly talks about the company's approach to making inroads in emerging markets.
LINDSTRÖM LAUNCHES FLOOR MAT RENTAL SERVICE FOR INDIA
Lindström India, a 100 per cent subsidiary of the Finnish Lindström Oy, a global textile rental company offering workwear and cleanroom services, has launched the unique floor mat rental service for India.
