India’s nutraceutical industry, which currently represents nearly 2% of the global market, could surpass pharmaceuticals by at least tenfold, said Pritee Chaudhary, the FSSAI’s regional director in the western region.Addressing the fourth edition of Vitafoods India, which opened at Mumbai’s Jio World Convention Centre, she said, “India’s nutraceutical industry is closely aligned with the vision of Viksit Bharat 2047 and represents a strategic pillar for nation-building.”The event, being held from February 11 to 13, unites India’s nutraceutical, functional food, beverage, and dietary supplement ecosystem.”Currently representing nearly 2% of the global market, the nutraceutical sector’s long-term potential could surpass pharmaceuticals by at least tenfold, given its role in daily preventive healthcare through health supplements, probiotics, and prebiotics,” Chaudhary said.She asserted that India leverages its strong pharmaceutical expertise, a consultative FSSAI regulatory framework, and a growing manufacturing base in hubs like Gujarat and Himachal Pradesh.With over 60-70 free trade agreements in place with key markets such as the UK, EU, USA, Mauritius, UAE, and Australia, coupled with rising emphasis on research, molecule development, and scientific validation, the industry is poised to scale responsibly and lead globally over the next five years, the FSSAI regional director underlined.Kaushik Desai, Secretary General, Health Foods and…  ​Read More​YourStory RSS Feed

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