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Nutra challenges & regulations in focus at 12th essay of Fi India & Hi
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Friday, 10 November, 2017, 08 : 00 AM [IST]
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Shraddha Joshi, Mumbai
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Food Ingredients (Fi) India and Health Ingredients (Hi) - the 12th edition of the event dedicated to the two sectors - marked its return to Mumbai with discussions about the challenges the nutraceutical industry has to deal with and how the new regulations will guide the industry to grow. The three-day event, organised by UBM India and underway at the Bombay Convention and Exhibition Centre (BCEC), will conclude on November 11, 2017.
Over 200 companies showcased their offerings at the event, which was inaugrated by Ajit Singh, president, Health Foods and Dietary Supplements Association (HADSA); Prabodh Halde, head, regulatory, Marico Ltd, and president, Association of Food Scientists and Technologists (India)-Mumbai chapter [AFST(I)], and Yogesh Mudras, managing director, UBM India. Of these, 54 exhibitors represented the health ingredient sector.
In his inaugural address, Mudras stated that the food ingredient sector was a multi-billion-dollar industry that was growing worldwide. He added, “Changes in the food and beverage (F&B) industry, particularly in the processed food domain, has generated countless possibilities for new product development and has led to increased awareness pertaining to the quality standards of food products.”
“Even the focus on the superiority of the ingredients that go into the making of these finished products has increased,” Mudras added. The opening day of the event, which is slated to rotate between Mumbai and New Delhi annually, witnessed a series of on-site seminars focusing on health ingredients, food processing and packaging.
The topic of the presentation by Vaibhav Kulkarni, director, regulatory affairs, Abbott Nutrition, was How regulations are facilitating the Indian nutraceutical industry? He said, “The Indian nutraceutical market is going to propel in the next five years, and upto eightfold growth can be witnessed. Nutraceuticals can be defined as the borderline between food and pharmaceuticals.”
Amit Verma, business head, Vantage Nutrition, made a detailed presentation on progessive nutraceuticals in the market. He stated, “Nutraceuticals have led to the new era of medicine and health, in which the food industry has become a research-oriented sector. As per global statistics, two billion people are affected by hidden hunger.”
He added that the nutraceutical industry was poised to double to Rs 26,764 crore by 2020, and sports nutrition was the fourth fastest-growing category within the consumer health segment. He also emphasised on the double fortification of salt to impart nutrition.
The other seminars on the opening day covered such topics as How do pharmacopoeias help the dietary supplement market?; The role of pharmaceuticals in the development of the nutraceutical market and Monk fruit juice - A 100 per cent natural alternative that delivers natural and great tasting sweetness.
One of the exhibitors was Pure Circle. Ajay Chandran, the company’s senior director and head, South Asia region, said, “This is the first time we are exhibiting at Fi India. It is really a good platform for food ingredient manufacturers to showcase their ideas to the industry.”
ProPak India
In 2018, Fi India and Hi will have a new co-located event - Propak India - in its bucket. Mudras announced the soft launch of the event, which is slated to take place between August 29 and September 1, 2018. Its logo was unveiled at the event.
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