Overview of Vitafoods India 2024 Trade Fair
Date & Venue:
Vitafoods India 2024 is scheduled to take place from February 5-7, 2024, at the Jio World Convention Centre, Mumbai, India.
About:
Vitafoods India is a leading trade fair focused on the nutraceutical industry, serving as a key platform for professionals to connect, share knowledge, and explore the latest innovations in health and nutrition. This event brings together manufacturers, suppliers, and industry experts under one roof to showcase the latest trends and developments in the nutraceutical sector.
Industry Segments:
Dietary supplements, functional foods, functional beverages, natural and herbal products, vitamins and minerals, sports nutrition, personalized nutrition, raw materials, contract manufacturing, packaging, and private label.
Market Size & Overview of the Industry Segment:
The nutraceutical industry in India is rapidly expanding, with an estimated market size of approximately USD 10 billion as of 2023. The market is projected to grow at a CAGR of 17% over the next five years, driven by increasing consumer awareness, a shift towards preventive healthcare, and rising demand for functional foods and supplements.
Attendance & Participation:
The 2024 edition of Vitafoods India is expected to attract over 8,000 attendees, including industry professionals, buyers, and suppliers. More than 150 exhibitors from various sectors of the nutraceutical industry are anticipated to participate, providing opportunities for networking, collaboration, and business development.
Who Should Visit:
The event is ideal for nutraceutical industry professionals, including product developers, R&D scientists, manufacturers, suppliers, marketing and sales executives, procurement professionals, healthcare practitioners, and investors. Visitors will benefit from gaining insights into industry trends, meeting potential business partners, and discovering innovative products and solutions in the health and nutrition space.
Exhibitors Analysis
Top 5 Major Exhibitors with Short Descriptions:
- Aker BioMarine: Aker BioMarine is a leading global biotechnology company based in Norway, specializing in sustainable harvesting and production of krill-based products, including omega-3 supplements. They are committed to improving human and planetary health through innovative marine ingredients
- Kerry Ingredients: Kerry Ingredients is a global leader in taste and nutrition, offering a broad range of functional ingredients and solutions for the food, beverage, and supplement industries. They focus on delivering science-backed, innovative products that meet evolving consumer health and wellness demands.
- Generex Pharmassist: Generex Pharmassist is an Indian pharmaceutical company dedicated to the development and manufacturing of high-quality nutraceuticals and dietary supplements. They emphasize research-driven formulations that cater to the health needs of diverse populations.
- KSM-66 Ashwagandha: KSM-66 Ashwagandha is the world’s most clinically studied ashwagandha extract, produced by Ixoreal Biomed in India. Known for its high concentration and bioavailability, KSM-66 is widely used in supplements to promote stress relief, cognitive function, and overall well-being.
- Barentz India Pvt Ltd: Barentz India Pvt Ltd is part of the global Barentz Group, providing high-quality ingredients and solutions to the nutraceutical, food, and personal care industries. They specialize in delivering tailored ingredient solutions that enhance product efficacy and consumer appeal.
Participating Countries:
- Total Participating Countries: 10+
- Top 5 Countries:
- India (90%)
- United States (2%)
- Norway (1%)
- China (1%)
- Austria (1%)
Major Types of Companies:
- Total Number of Company Types: 47+
- Top 5 Company Types:
- Manufacturing (66%)
- Export (25%)
- Nutraceuticals (25%)
- Food Processing (24%)
- Distributor (11%)
Major Product Categories:
- Total Number of Product Categories: 122+
- Top 5 Product Categories:
- Nutraceuticals (28%)
- Pharmaceutical Ingredients (21%)
- Nutraceutical Ingredients (17%)
- Dietary Supplements (16%)
- Herbal Extracts (13%)
Major Product Items:
- Total Number of Unique Product Items: 428
- Top 15 Products: Probiotics, Ashwagandha, Dietary Supplements, Ashwagandha Extract, Astaxanthin, Tablets, Boswellia Serrata Extract, Gummies, Green Tea Extract, Curcumin, Omega-3, Multivitamins, Fish Oil, Turmeric, Ginseng.
This detailed exhibitor analysis highlights the diversity and global participation at Vitafoods India 2024, showcasing the strong presence of both local and international players in the nutraceutical industry.
Interesting Insights
Exhibiting Countries of Top 5 Company Types
- Manufacturing: India, Norway, China, Austria, South Korea, Switzerland, United States, Italy
- Export: India, Switzerland
- Nutraceuticals: India, Italy, South Korea, United States
- Food Processing: India, Austria, Italy, Switzerland, United States
- Distributor: India
Exhibiting Countries of Top 5 Product Categories
- Nutraceuticals: India, Italy, United States
- Pharmaceutical Ingredients: India, Switzerland
- Nutraceutical Ingredients: India, United States
- Dietary Supplements: India, Italy, South Korea, United Kingdom, United States
- Herbal Extracts: India
Exhibiting Countries of Top 10 Products
- Probiotics: India, China, South Korea
- Ashwagandha: India
- Dietary Supplements: India, United Kingdom
- Ashwagandha Extract: India
- Astaxanthin: Austria, India
- Tablets: India, United States
- Boswellia Serrata Extract: India
- Gummies: India, United States
- Green Tea Extract: India
- Curcumin: India
Top 5 Exhibiting Countries and Their Product Details
- India
- Manufacturing, Nutraceuticals
- Nutraceuticals, Pharmaceutical Ingredients, Herbal Extracts\
- Probiotics, Ashwagandha, Curcumin
- United States
- Food Processing, Export
- Dietary Supplements, Functional Foods, Botanical Extracts
- Omega-3, Liposomal Calcium, Multivitamins Gummies
- Norway
- Biotechnology, Manufacturing
- Marine Ingredients, Health Ingredients
- FloraMarine™, Antarctic Krill Oil
- China
- Biotechnology, Manufacturing
- Animal Nutrition, Functional Foods
- Soy Protein, Yeast Extract
- Austria
- Manufacturing, Food Processing
- Functional Foods, Cosmetic Ingredients
- Natural Astaxanthin, Plant-based Proteins
Key Highlights for Vitafoods India 2024
Key Industry Segments:
Vitafoods India 2024 focuses on the nutraceutical sector, covering a wide range of industry segments, including dietary supplements, functional foods, functional beverages, herbal and botanical extracts, vitamins and minerals, and raw materials. These segments cater to the increasing demand for products that promote health and wellness, preventive care, and sustainable living.
Market Trends:
- Growth in Preventive Healthcare: Consumers are increasingly focusing on preventive healthcare, driving demand for functional foods and dietary supplements that support immunity, gut health, and overall well-being.
- Personalized Nutrition: Tailored nutrition solutions are gaining popularity, with innovations targeting specific health conditions, age groups, and lifestyles.
- Sustainability and Clean Labeling: There is a growing emphasis on sustainability, clean labels, and natural ingredients. Consumers prefer products that are eco-friendly, ethically sourced, and free from artificial additives.
- Innovation in Delivery Formats: New and convenient delivery formats like gummies, effervescent tablets, and liquid supplements are becoming mainstream, catering to consumer preferences for ease of use.
- Technology Integration: Advances in biotechnology and AI are driving innovation in product development, enhancing ingredient efficacy, and improving personalization in nutraceutical offerings.
Conclusion
Vitafoods India 2024 is one of the major trade fairs in the nutraceutical industry, bringing together professionals and businesses from India and other part of the world. With a strong focus on preventive healthcare, personalized nutrition, and sustainable practices, this trade fair promises to be a hub for networking, knowledge sharing, and business growth. The diverse range of exhibitors and products showcased will cater to the evolving demands of health-conscious consumers, making this a must-attend event for industry professionals.
