Vitafoods India 2024 optimal showcase of fast-transforming 33,000 Cr Indian nutraceutical market

2nd edition of Vitafoods India by Informa Markets in India is scheduled for February 13-15 at the Jio World Convention Centre, Mumbai

Informa Markets in India, India’s leading B2B exhibition organiser, announces the 2nd edition of Vitafoods India, the only dedicated Expo to showcase India’s fast-moving Nutraceutical industry. As an integral part of the globally recognised Vitafoods brand, renowned for its presence in European and Asian markets, Vitafoods India 2024, is poised to set new benchmarks in the wellness industry. The event scheduled to take place from the 13th to 15th of February at the Jio World Convention Center in Mumbai this year is set to unite the entire nutraceutical supply chain under one roof.

Vitafoods India 2024 emerges as a pivotal player, strategically designed for the Indian nutraceutical market, seizing the industry’s growth, especially post-COVID-19. With a current valuation of approximately Rs. 33000 Crores, the Indian nutraceutical market is poised to be a global leader, forecasted to surge to around Rs. 1.5 Lakh Crore by 2025.

The event is uniquely positioned to address key industry trends, with a dedicated focus on the growing demand for personalised and customised nutraceutical solutions. In response to shifting consumer preferences, Vitafoods India 2024 will spotlight the rise in popularity of sustainable nutraceutical products. It is the sole event encompassing four pivotal sectors within the industry: ingredients and raw materials, finished products, contract manufacturing and private label, and services and equipment.

The event is anticipated to host over 5000 visitors, more than 25 expert speakers and over 12 educational sessions in a 3-day event. This provides a unique opportunity to establish meaningful connections with leaders, influencers, and decision-makers within the nutraceutical sector.

Speaking on the announcement of the 2nd edition of Vitafoods India, Yogesh Mudras, Managing Director, Informa Markets in India said, “As lifestyles in India undergo a transformative shift towards wellness, triggered by a surge in lifestyle-related diseases, Vitafoods India 2024 emerges as the trailblazer shaping the narrative. With the Indian nutraceutical industry witnessing a robust 25 per cent annual growth during the pandemic, Vitafoods India stands at the forefront, offering a dynamic platform for innovation and collaboration. Positioned as a catalyst for a healthier future, Vitafoods India aligns seamlessly with the evolving demands of our wellness-driven society. Notably, as the dietary supplements market in India is projected to soar from $4 million in 2020 to an estimated $10 million by 2026, signifying an impressive 22 per cent year-on-year growth, Vitafoods India 2024 paves the way for this remarkable industry transformation.”

We are emphasising the importance of Vitafoods India, Dr Debjani Roy, Executive Director, SHEFEXIL, Ministry of Commerce & Industry, Govt. of India. said, “Striving to elevate India to a leading position in global nutraceutical exports, SHEFEXIL envisions our country among the top 5 exporters worldwide for nutraceuticals and associated products. With a focus on delivering high-quality products for health-conscious consumers, Vitafoods India serves as a prime platform for companies to showcase their expertise on a global scale. As Vitafoods India’s strategic partner, SHEFEXIL is excited to actively contribute to the growth and development of our country’s nutraceutical industry.”.

Industry Association Support Fuelled by essential partnerships, Vitafoods India 2024 collaborates with renowned nutraceutical associations, including the Shellac and Forest Products Export Promotion Council (SHEFEXIL), Association of Herbal and Nutraceutical Manufacturers of India (AHNMI), Health Foods and Dietary Supplements Association (HADSA), Women in Nutraceuticals (WIN), and Plant-Based Foods Industry Association (PBFIA).

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