The emergence of India as a blossoming market for nutraceutical supplements: An overview

In today's world where chronic lifestyle diseases are on a rapid ascent among the masses, nutraceuticals have firmly established themselves as key to human health owing to their disease prevention advantages. India, in particular, has witnessed an upswing in the acceptance of nutraceuticals as...

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Bibliographic Details
Published in:Trends in food science & technology 2019-04, Vol.86, p.579-585
Main Authors: Fernandes, Swapnil Dylan, Narayana, R. Charyulu, Narayanan, Anoop V.
Format: Article
Language:English
Subjects:
Ascent
Business law
Dietary supplements
Disease control
Food
Food safety
Food safety standards act
FSSAI
Functional foods & nutraceuticals
International standards
Markets
Nutraceutical regulation
Nutraceuticals
Regulations
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Summary:In today's world where chronic lifestyle diseases are on a rapid ascent among the masses, nutraceuticals have firmly established themselves as key to human health owing to their disease prevention advantages. India, in particular, has witnessed an upswing in the acceptance of nutraceuticals as a viable option for maintaining optimum health. In the last five years, the nutraceutical market here has flourished into a $3 bn industry and is expected to grow to a $6.1bn by the year 2022. Until the turn of the century, the existence of innumerable laws with respect to the nutraceutical industry created a state of uncertainty in the minds of nutraceutical manufacturers in India. However, the introduction of the Food Safety and Standards Act (FSSA) has reinforced regulations with respect to nutraceuticals, creating a regulated space for manufacturers to conduct their business in. Today, the Food Safety and Standards Authority of India (FSSAI) ensures that regulations for nutraceuticals in India are at par with the international standards. •“Let food be thy medicine, and medicine be thy food”; thoughts of Hippocrates.•The term “Nutraceutical” which is combination of nutrition and pharmaceutical.•Food Safety & Standards Authority of India devices the scientific standards for food substances.•The draft regulations formulated by the FSSAI in 2015 were similar to those followed by the FDA and the EFSA.•Clear regulatory directions & authenticity of label claims are major challenges.
ISSN:0924-2244
1879-3053
DOI:10.1016/j.tifs.2019.02.017