Nutraceuticals are referred to the food products that have a medicinal benefit including prevention and treatment of disease – in addition to the basic nutritional value found in foodstuff. The nutraceutical industry encompasses three main segments which include functional foods, dietary supplements, and herbal/natural products. The relevance of nutraceuticals can be understood as they are new sector with lower R&D costs, new revenue sources, most purchases are by consumers, less onerous regulatory requirements, fast growing, source of differentiation & higher margins and accepted channel for new products.
Nutraceuticals offer opportunities for pharmaceutical companies to make their products more consumer-oriented, and for food producers to create brands with a medical image. India is currently a nascent market for nutraceuticals. At present, the nutraceuticals industry in India is about USD 2.2 billion, and is expected to grow at 20% to USD 6.1 billion by 2020. Both MNCs as well as domestic companies in the pharmaceutical and food and beverage space have tested the market with a variety of launches, with some success. ‘Nutrition and Health 2018’ Awards & Conference will recognize the excellence in nutraceutical industry under various domains including research & development, manufacturing, packaging, distribution and other support services in the areas of active ingredients, procedures, practices, technologies, and finished products. The awards will encourage the healthy competition amongst the nutraceutical companies which will result into better delivery of services.
The awards will also recognize the proactive and innovative approaches that leads to the success thereby raising the standards of nutraceutical industry.
Globally, nutraceuticals are gaining prominence and becoming a part of the average consumer's daily diet. In India, the market for dietary supplements, sports nutrition products, food beverages, and weight loss products that are broadly clubbed in nutraceuticals is beginning to pick up speed since the Indians are becoming conscious about their health and external appearance.
Furthermore, with the increase in life expectancy and subsequent increase in lifestyle diseases, nutraceuticals have emerged as a necessity for consumers. In developing nations such as India, mortality due to nutrition-related factors is nearly 40%, underscoring the need for nutraceutical products to balance the nutritional intake of the individual. The trend towards preventive healthcare has been noticed by pharmaceutical companies, which have diversified into the production of nutraceuticals.
CIMS Medica organizes the Fourth edition of the 'Nutraceutical and Health Awards 2018' to recognize the excellence in nutraceutical and healthcare industry with an aim to generate a positive competitive environment amongst the pharmaceutical and nutraceutical industry, that will result in better delivery of services.
The awards are a unique opportunity to have your company recognized by leaders in the pharmaceutical and nutraceutical sector, and it helps to raise the profile of your exclusive revolutions with the leading industry professionals and industry VIPs – during and after the event.
The benefits of Nutrition and Health Awards are:
A great achievement to showcase in Stakeholder Building Exercise
Boosts company's morale
Adds value to public relations and marketing efforts
A pull factor to attract local and global investors
Helps increase credibility amongst target customers
The independent endorsement of a company's expertise
Provide a tangential competitive advantage
Capitalization of business opportunities
5:30 PM - 6:00 PM
Conference & Panel Discussion 6:00 PM - 9:00 PM
Awards Ceremony 9:00 PM - 9:30 PM
Press & Media Interviews 9:30 PM - 9:45 PM
Networking Dinner & Cocktails 9:45 PM Onwards
Delegate Registration Fee` 1500/- (Per Delegate) *includes access to event programs, cocktail & Dinner