Indian Dairy Association (West Zone) is organizing one day National Seminar on “Future of Milk based Neutraceuticals” on November 14, 2014 in association with Koelnmesse YA Tradefair during their International Exhibitions – Dairy Universe India being organised concurrent to, International FoodTec India, PackEx India and Sweet & SnacTec India, the trade shows focusing on “Food Processing, Packaging and Distribution Technology, Equipment and Supplies” November 14-16, 2014 at Bombay Exhibition Centre, Goregaon (East), Mumbai.
“During the sessions, the speakers will be sharing details on Introduction to milk based neutraceuticals?, Technologies for manufacturing milk based neutraceuticals and Market potential of milk based neutraceuticals, ”said Dr R D Kokane, Vice Chairman, Indian Dairy Association (West Zone).
In a release the organizers noted that the growing awareness on healthcare has led to the emergence of the era of functional foods and when it comes to functional foods, the role of milk nutrients cannot be ignored for enhancing the nutritional attributes of formulated foods. Milk and its by-products are abundant sources of vital nutrients required for human body. The growing awareness of the same clubbed with the enthusiasm of the scientists and the dynamism of the industry has stimulated the growth in demand of milk based health foods like neutraceuticals, probitics, etc. ’Rising healthcare costs, a growing population, huge levels of disposable incomes, increasing awareness on functional foods, etc. are driving the market for Neutraceuticals.
As per Cygnus Business Consulting & Research, the Indian nutrition market is estimated to be $1 billion; while the global market is growing at a CAGR of 7%, the Indian market is growing much faster at a CAGR of 18%.The latent market in India is more than two times the current market size with over150 million potential customers.