In the recent years, the nutraceutical and supplements manufacturing industry in India has grown very well due to the growing health awareness, the rising income, and the shift to the preventive healthcare. The pandemic further put the spotlight on wellness, and hence the consumption of nutraceutical products has seen a massive surge in the consumption of vitamins and dietary supplements to functional foods and herbal products. Nutraceutical contract manufacturing has significantly benefited from this trend as companies with specific capabilities manufacture the supplements for brands, allowing them to get into the market without making a huge investment in production facilities. The Indian nutraceutical market is anticipated to grow at a CAGR in excess of 10 percent during the next five years. Several factors underpin this growth, such as evolving consumer lifestyles, increasing disposable incomes and an ageing population looking for solutions to lifestyle diseases. Furthermore, there is India’s long historical link with Ayurveda and herbal medicine, which has made Ayurvedic nutraceuticals a unique space that has resulted in home and international demand.

The role of regulatory bodies which provide clearer rules and build consumer confidence is another catalyst of this area. Moreover, the “Make in India” initiative has enabled the local manufacturing capabilities to create new opportunities in the nutraceutical space for contract manufacturers as well. Indian manufacturers are also able to provide cost effective, quality driven production to several international brands, providing the contract manufacturing segment further momentum. Contract manufacturers are geared to innovation and compliance in order to meet stringent global standards with demand for personalized health solutions on the rise.

Keeping tabs on this market, India Pharma Outlook has shortlisted the select few companies that have exhibited an unrelenting pursuit of excellence. By proving their dedication to fulfilling customer expectations and contributing to the market’s evolution through their innovative disposition, these firms are blazing a trail.

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