NUTRACEUTICAL
Nutraceuticals may get cheaper as panel looks to regulate prices
The Indian government is contemplating bringing nutraceuticals under price control to enhance affordability for consumers. Currently regulated by the Food Safety and Standards Authority of India (FSSAI) without price controls, these products, often marketed as over-the-counter health supplements, face scrutiny for high pricing. Officials argue that some companies charge exorbitant prices by repackaging pharmaceutical ingredients into nutraceuticals. A committee involving various health and regulatory bodies aims to introduce pricing regulations to curb this trend and ensure fair pricing.
Panel to examine if nutraceuticals can be produced within drug unit
In a significant development, a five-member expert committee has been appointed to assess the feasibility of allowing the manufacturing of nutraceuticals within drug manufacturing facilities in India. This decision comes after the country's drug regulator had previously warned of taking action against those violating regulations by producing supplements and drugs in the same facility.
View: Stop companies stretching the truth
Every label coming out from FMCG, nutraceutical, cosmetic, pharmaceutical and wellness sectors must be properly checked by regulators. In this context, Supreme Court rightly pulled up the Indian Medical Association (IMA) last week for not taking action against Patanjali on complaints for the company's alleged 'misleading' claims and 'disparaging' ads against the allopathic system of medicine.
Nestle's Suresh Narayanan on Nespresso & nutraceuticals, sugar in baby food controversy and more
Suresh Narayanan of Nestle India points out that the operating margins are up by 270 basis points, net profits by 250 basis points and cash generation by over 41 billion, that is about 17% of sales. The core fundamentals of the organisation demonstrates resilient growth in core categories. He also talks about the company's commitment to reducing sugar content for sustainable long-term success.
Nestle, Dr Reddy's to form JV to market nutraceutical brands in India
Nestle India and Dr. Reddy’s form a joint venture to introduce new nutraceutical brands in India. The collaboration merges health solutions and commercial capabilities to enhance consumer access and affordability.
Direct selling industry grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: IDSA
Indian Direct Selling Association and Kantar's report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with government support, distinguishing from fraudulent schemes through regulatory amendments.
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Lens on cos making drugs, supplements in same facility: Pharma body hopeful of a rethink on govt action
In a recent diktat, the government said action will be taken against pharma units that are flouting the norms by manufacturing nutraceuticals, health supplements and drugs in the same facility. Executives of Fope recently met the health secretary and the Drug Controller General of India (DCGI), seeking an exception to select units as was given earlier.
India's food safety regulator working on stricter rules for health supplements
The authority had received several complaints about many non-compliant health supplements being sold in the market, according to anofficial, after which it conducted a drive across the country to check nutraceuticals and health supplements for quality and safety throughout their manufacturing and sale process.
Pharma companies producing drugs, supplements in same unit under lens
The government, DCGI, and state authorities are cracking down on pharma units manufacturing nutraceuticals, health supplements, and drugs in the same facility. The industry is worried about the impact on exports, domestic market, spurious drugs, and foreign exchange.
Govt panel to review if nutraceuticals should be brought under CDSCO
Nutraceuticals are products derived from food sources that are believed to provide extra health benefits besides the basic nutritional value found in foods.
OmniActive scouts for acquisitions to expand product portfolio, reach
Following TA Associates' majority stake acquisition in January 2021, OmniActive aims for accelerated growth through new product launches and expansion. It is actively seeking acquisitions to diversify its product portfolio, access new customers and technologies, and expand its geographical presence.
Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 crore
It has completed acquisition of 32.75 per cent of the paid-up share capital of Satiya Nutraceuticals through primary infusion and secondary buyouts, completed on July 26, 2023.
Marico to acquire majority stake in The Plant Fix- Plix for Rs 369 crore
As part of the transaction, the company has acquired 32.75% stake in Satiya Nutraceuticals on a fully diluted basis and requisite majority control over its board composition and total voting rights. Accordingly, it has become a subsidiary of the company and the acquisition of remaining stake of 25.25% on a fully diluted basis will be completed in tranches by May 2025, subject to terms and conditions of the definitive agreements.
Nutraceutical industry seeks simplified regulations in the Biological Diversity Act
The Indian nutraceutical industry, which produces exports valued at $1.5 billion annually, has called for a revision of the Biological Diversity (Amendment) Bill 2022. Company leaders say the legislation should recognise the industry’s products as value-added goods in the context of sustainable farming and effective bioresource management.
Dr Reddy's to enhance presence in emerging segments like nutraceuticals, gene therapy
Dr Reddy's Laboratories plans to expand its presence in nutraceuticals, cell and gene therapy and new chemical entities, as well as exploring integrated digital healthcare services, digital therapeutics and disease management, according to its annual report. The pharmaceuticals firm also stated that increases in access to medicines was a driving philosophy, with efficient and effective operations, processes and practices being key to future productivity.
Lifescience infrastructure development firm, RDB Shelters to jointly develop healthcare district in Bangalore
“Spanning across five districts, the project comprises lab space modules and built-to-suit Flexi Factories catering to Biopharma, Medtech, Agriscience, Nutraceutical and allied sectors. BLR District is ideal for start-ups, scale-ups and established organisations. The entire project is expected to be completed over the next ten years, said Vishal Goel, managing director of RX Propellant, the development partner for the project.
Cough syrup deaths: Marion Biotech into pharma, nutraceuticals, cosmetic products
Founded in 1999, the company is understood to have a presence in Central Asian countries, Central and Latin America, South East Asia, and Africa. It claims to be the brand leader in the categories that it is present in these markets.
Nutraceutical supply chain platform Nutrify Today raises $500,000 seed funding
The proceeds of the investment will be used on building automated technology platforms and cover 20 countries for new product development, commercialization, and supply chain solutions to small to mid-sized companies in the nutraceutical industry.
How retail industry is adopting soy as a protein-rich feed for livestock; experts discuss
Industry expert Jaison John, Team Lead – India, U.S. Soybean Export Council (USSEC), Dr Suresh Itapu, Nutraceutical Expert, Director, NutriTech India and Kripa Jalan Nutritionist, Founder – Burgers to Beasts deliberate on protein consumption in the country and how retailers can play an important role in making India protein sufficient.
Nutraceutical cos bet on AI solutions amid surge in demand
Amit Srivastava, chief catalyst and founder of Nutrify Today, believes that the future of nutraceutical is going to be different from how it is today. “Automated personalised nutrition where artificial intelligence will manage the nutrient needs and the source of ingredients will evolve into sustainable methodologies using biotech,” he says.
Pandemic induced surge in nutraceuticals paves way for tech breakthroughs in industry: Study
A global industry survey conducted by Nutrify Today has indicated that technological advancements in the nutraceutical industry will enable a more personalised approach towards nutrition over the next three years with accurate sensors possible via collaborations with expertise in the MedTech industry.
Up 670% in 4 years, this API maker’s adrenaline rush is simply not ending
The stock escaped the broader selloff of March 2020 and remained unfazed in the face of the Covid 2.0 volatility, as it kept on hitting record highs every now and then.
Food products with health additives see uptick in demand as second COVID-19 wave surges
Since April 2020, the sector has seen a surge in demand for products including those related to digestive health, sleep and stress, said industry executives.
Nutraceuticals sector executives raise concern over Biodiversity Act
The nutraceutical industry, which is at its nascent stage, offers significant socio-economic benefits with promising double-digit growth opportunities. At the end of 2019, the global nutraceutical industry was valued at $382 billion, and India at $5 billion.
New farm laws will boost nutraceutical sector: Industry executives
India has a mere 2-3% share of the $400 billion global markets compared to China’s 14% because of a lack of standard guidelines and protocols, they said, even as it is endowed with resources such as marigold, turmeric, ginger, chillies and paprika, from which medicines are made.
With immunity on mind, nutraceutical becomes key word
The demand peak is now flattening as people are getting used to living with the virus, said industry executives, but sales are more than double than that of the industry’s pre-Covid forecasts.
Government to provide industrial park facilities to grow API, pharma & nutraceutical industry
Indian pharma industry will continue to play a prominent role as the pharmacy of the world, the Chemicals and Fertilizers Ministry said in a statement. In his message to an international pharmacist webinar on National Pharmacy Week, he said that the government is sensitive to grievances of pharmacists and is committed to improving a lot of pharmacists.
TA Associates to take controlling stake in OmniActive
The fund will invest about $150 million to acquire about 60% stake in the company, two people aware of the development said.
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