Global Nutraceuticals market is expected to grow at a CAGR of 9.07% and reach USD446.35 billion in 2027. This can be attributed to the growing prevalence of various health issues such as obesity, diabetes, cardiovascular diseases, malnutrition, among others. Additionally, growing healthcare awareness among the population worldwide and need for maintaining a healthy lifestyle is further expected to support the market growth in the coming years.
Unfortunately, the regulation norms for the nutraceutical products are not as strict when compared to the synthetic drugs. This is leading to a decrease in the quality standards of the nutraceutical products and hazardous effects on the health of the consumers. Therefore, it is very much required to control the quality standards of the products for the betterment of the mankind.
Since large number of people are moving towards the use of nutraceuticals in today’s times, it is the absolute responsibility of the regulatory authorities in this regard to guarantee availability of pure, safe, potent, and effective products to the consumers.
To address the challenges related to quality, standardization, and regularization in nutraceuticals industry and to felicitate those who are striving for excellence and doing commendable endeavours in the field, ASSOCHAM is organising “8th Nutraceuticals Symposium & Awards” on February 15, 2023, at Hotel The Lalit, New Delhi.
Organizations may apply for nominations for Nutraceuticals Awards in special categories. Last date of nominations is 25th January 2023. You may also explore the speaking and branding opportunities through partnership.