{"id":35085,"date":"2024-03-01T11:55:43","date_gmt":"2024-03-01T06:25:43","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2024\/03\/01\/vitafoods-india-2024-sees-remarkable-success-with-94-per-cent-growth-in-visitors-sets-new-benchmark-for-the-indian-nutraceutical-industry\/"},"modified":"2024-03-01T11:55:43","modified_gmt":"2024-03-01T06:25:43","slug":"vitafoods-india-2024-sees-remarkable-success-with-94-per-cent-growth-in-visitors-sets-new-benchmark-for-the-indian-nutraceutical-industry","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2024\/03\/01\/vitafoods-india-2024-sees-remarkable-success-with-94-per-cent-growth-in-visitors-sets-new-benchmark-for-the-indian-nutraceutical-industry\/","title":{"rendered":"Vitafoods India 2024 sees Remarkable Success with 94 per cent Growth in Visitors, Sets New Benchmark for the Indian Nutraceutical Industry"},"content":{"rendered":"
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More than 40 countries were represented by over 7200 attendees at the 3-day event<\/em><\/p>\n

Mumbai (Maharashtra) [India], March 1:<\/strong> \u00a0Informa Markets, India\u2019s leading B2B exhibition organiser, concluded the highly successful 2nd edition of Vitafoods India at the Jio World Convention Center, Mumbai. The three-day dedicated event took place between 13th to 15th February 2024, designed to showcase the fast-transforming Indian nutraceutical market. Vitafoods India 2024 witnessed an impressive turnout, with 7200 attendees across three days, marking a remarkable 94% growth in visitors compared to the 2023 edition.<\/p>\n

The esteemed expo was graced by distinguished dignitaries, including Chief Guest Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra ; Sanjaya Mariwala, President, AHNMI (Association of Herbal and Nutraceutical Manufacturers of India); Dr Nilesh Amritkar, President, AFSTI (Association of Food Scientists & Technologists); Dr. Vaibhav Kulkarni, Hon. Secretary, HADSA (Health Foods and Dietary Supplements Association);\u00a0Mr. Umesh Kamble, Secretary General, CASMB (Chamber for Advancement of Small \u00a0Medium Businesses<\/a>);\u00a0Mr. Yogesh Mudras, Managing Director of Informa Markets in India;\u00a0Mr. Julien Bonvallet, Group Brand Director at Informa Markets\u00a0and Mr. Rahul Deshpande, Senior Group Director at Informa Markets in India, among other distinguished guests.<\/p>\n

Recognizing the sector\u2019s importance,\u00a0Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra, said\u201d\u00a0Vitafoods India 2024 is a significant event for the growing nutraceutical industry in India. This three-day extravaganza, hosted in Mumbai, reflects our government\u2019s commitment to fostering a business-friendly environment, evident in our dedication to ease of doing business. The internationality of Vitafoods India, connecting professionals from over 40 countries, underscores the global appeal of this industry. Strict compliance is vital, with the government implementing strong monitoring frameworks for nutraceutical integrity. Maharashtra offers optimal conditions for business expansion, aligning with our commitment to ease of doing business and fostering growth and innovation. Stakeholders should prioritize modern R&D along with leveraging the knowledge for herbs possessed by our tribal ancestors, for mutual benefit.\u201d<\/p>\n

Vitafoods is a globally renowned brand with significant footholds in both Europe and Asia. Specifically tailored to the Indian market. Geo-located to the India, Vitafoods India focuses solely on the burgeoning nutraceutical sector, which has seen remarkable growth in the country, particularly in the wake of the pandemic.<\/p>\n

Speaking on the significance of the 2nd edition of Vitafoods India,\u00a0Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said, \u201cWe are extremely happy with the overwhelming response received at Vitafoods India, where we welcomed 7200 attendees over the course of three days. Vitafoods India stands as a crucial hub for collaboration, facilitating knowledge exchange, and showcasing cutting-edge innovation. In today\u2019s climate, where enhancing immune function and preventing illness are critical priorities, India\u2019s vibrant nutraceuticals ingredients market offers immense potential. From vitamins and minerals to botanicals and diverse plant- and animal-derived components, our country\u2019s agriculture sector provides abundant raw materials essential for nutraceuticals and functional foods. With a focus on personalised nutrition, functional ingredients, and sustainability, India\u2019s nutraceutical industry is poised for significant growth.\u201d<\/p>\n

Speaking on the occasion,\u00a0Dr. Vaibhav Kulkarni, Hon. Secretary, Health Foods and Dietary Supplements Association (HADSA), said\u00a0\u201cThe nutraceutical sector has seen significant growth, from 6% to 40%, evolving from a niche market to a mainstream consumer trend. During the COVID-19 pandemic, focus on improving immunity surged, driving demand for preventive health products. Although there has been a modest dip in post-COVID trends, the industry\u2019s momentum continues unabated. It is imperative for the sector to reaffirm the significance of preventive healthcare among consumers. Despite the temporary slowdown following the pandemic, industry leaders are united in their acknowledgment of the necessity for collective action to champion and elevate this sector. The ambition to reach the $100 billion milestone demands accelerated efforts and unified advocacy.\u201d<\/p>\n

Highlighting the importance of clinical studies,\u00a0Mr. Nishant Chachra, Vice-President, KSM-66 Ashwagandha, said\u00a0\u201cOur 50 clinical studies, 32 of which are published, uphold the gold standard, employing double-blind randomized placebo-controlled trials across various health domains. Notably, we exclusively utilize roots to extract KSM-66, diverging from competitors who may incorporate aerial plant parts. Root components, historically favored in Ayurveda, offer superior benefits. Moreover, KSM exhibits exceptional organoleptic properties, being neutral in taste and highly soluble, facilitating its integration into more than 42 delivery formats. This versatility caters to evolving consumer preferences for innovative products such as gummies, chews, shots, functional food and beverages.\u201d<\/p>\n

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Speaking on the conclusion,\u00a0Mr. Saif Mehkri, Founder & Director, Bio-gen said, \u2018Particularly post-COVID, where there\u2019s a heightened awareness among consumers regarding health and wellness, the importance of healthy living and healthy aging underscores the need for addressing prevalent health issues such as heart disease, obesity, and diabetes. Our company\u2019s focus on combating inflammation and oxidative stress revolves around our latest products, including carotenoids like lutein, which undergo global clinical validation. We acknowledge the diverse demographics, with clinical studies conducted in India,\u00a0Australia and United Kingdom\u00a0catering to global markets. Additionally, ongoing research on pain management using natural ingredients like\u00a0Palmitoylethanolamide\u00a0highlights our commitment to holistic health solutions.\u201d<\/p>\n

Emphasizing on the growth of Nutraceutical Industry,\u00a0Mr. Sanjaya Mariwala, President, Association of herbal and nutraceuticals manufacturers of India (AHNMI) said\u00a0\u201cIn our pursuit of sustained growth, the government\u2019s initial actions are pivotal. However, it\u2019s evident that our journey toward establishing a formidable presence in the global nutraceutical arena requires concerted efforts and continuous initiatives. Through incentivizing manufacturing modernization, prioritizing accurate clinical trials, launching nationwide awareness campaigns, resolving regulatory conflicts, unifying industry alliances, and fostering collaborative endeavors, we pave the way for industry advancement. Vitafoods India heralds the anticipation of further discussions and collaborations, fortifying our collective efforts to propel the nutraceutical sector towards success.\u201d<\/p>\n

Speaking on the occasion,\u00a0Mr. Umesh Kamble, Secretary General, CASMB (Chamber for Advancement of Small Medium Businesses)\u00a0said\u00a0\u201cThe rapid growth of the healthcare industry, particularly in small and medium businesses, indicates an exciting opportunity for startups and MSMEs to make a significant impact. With India boasting numerous unidentified hubs ripe for exploration, these enterprises can play a crucial role in supplying health supplements to meet growing demand. Startups are the backbone of innovation and investment, essential for propelling the industry towards the ambitious $100 billion milestone. Vitafoods India serves as a vital platform for fostering collaboration and innovation, empowering businesses to capitalize on emerging opportunities and drive sectoral growth.\u201d<\/p>\n

Over 12 educational sessions, featuring\u00a040+ expert speakers, provided invaluable insights into the rapidly evolving nutraceutical landscape. Notably, sessions on\u00a0Gut Health and Women\u2019s Nutrition\u00a0captivated audiences, reflecting a growing interest in these crucial health topics. Vitafoods India 2024 also featured engaging sessions, including a Fireside Chat with celebrity speaker Luke Coutinho, Holistic Nutrition & Integrative Lifestyle Practitioner, and Avartan Bokil, Founder and Director of Food Strong. The discussion explored the latest innovations and trends in Sports Nutrition, emphasising new formulations and personalised supplements\u2019 impact on performance.\u00a0<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

More than 40 countries were represented by over 7200 attendees at the 3-day event Mumbai (Maharashtra) [India], March 1: \u00a0Informa Markets, India\u2019s leading B2B exhibition organiser, concluded the highly successful […]<\/p>\n","protected":false},"author":1,"featured_media":35086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":154},"categories":[686,680,683,9],"tags":[685],"class_list":["post-35085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-finance","category-pnn-news","category-press-release","tag-finance","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/35085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=35085"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/35085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/35086"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=35085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=35085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=35085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}