Pharma groups criticise plan to shift nutraceuticals under drug authority

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Pharma groups criticise plan to shift nutraceuticals under drug authority - Business Standard

Quick Summary:

Nutraceuticals, which include supplements, functional foods, and beverages with added health benefits, are a rapidly growing sector.

Approximately 78 per cent of respondents supported capping the prices of essential nutraceuticals, such as Vitamin A and C, due to affordability concerns.

Industry data predicts that the Indian market for these products will expand from $4 billion in 2020 to $18 billion by 2025.