The nutraceutical industry is growing at a rate far exceeding expansion in the food and pharmaceutical industries
ASSOCHAM is all set to organize 5th Edition of Nutraceuticals Symposium which is booked to be hung on September 26, 2019 at The Royal Plaza Hotel, New Delhi highlighting the theme “The Future of Nutrition and Health”.
Due to significant increase in the world’s aging population as well as growing consumer consciousness of health and wellness, the nutraceuticals and functional foods market faces a promising outlook. Currently, India nutraceuticals market is urban centric and expected to reach nearly $ 18 billion by 2025, which would represent a CAGR of 21% from 2017. Functional Food enjoys largest share of the Indian nutraceuticals market followed by dietary supplements.
The nutraceutical industry is growing at a rate far exceeding expansion in the food and pharmaceutical industries. In tomorrow’s market, the most successful nutraceutical players are likely to be those companies in which functional product are just a part of a broad line of goods satisfying both conventional and health value point. Future demand of nutraceutical depends on consumer perception of the relationship between diet and disease.
With this background, the 5th National Symposium on Nutraceuticals aims to bring together leading figures in functional food and nutrition, including policy makers, professionals, researchers, and top representatives of leading companies to discuss the ever changing regulatory landscape, consumer trends and industry challenges in order to remain competitive in a growing market. The symposium this year will convey an extraordinary program that screens the whole range of advancements and current research in Food Sciences and will showcase the nutritional innovations to strengthen the health ecosystem.