The wellness market in India has been on a steady rise over the past few years, and as per FICCI’s latest projections the industry is valued at Rs. 490 billion. Lately, India is being looked at internationally, as a manufacturing hub as the region is rich in medicinal herbs, minerals as well as a talented workforce. Moreover, with the world’s inclination toward natural products and India’s prolific history in Ayurveda, India is emerging as one of the top choices for nutraceutical manufacturing.
However, the market is still grappling with a number of issues that only a handful of players in the Indian wellness manufacturing space are able to tackle and shine with overwhelming success. One such organization leading the wellness contract manufacturing segment is Noida-based Zeon Lifesciences. The firm strives to be an end-to-end research-driven preferred manufacturing partner for Nutraceutical, Ayurvedic, Immunity Booster, Phytopharma, Medical Nutrition, Sports Nutrition & health and wellness products, immunity booster products as well as food ingredients.
Talking about the current market gaps in the segment and how Zeon is relentlesslyworking towards addressing them, CMD & Founder Suresh Garg says, "There are several contributing factors behind why nutraceutical companies are struggling within the Indian landscape. Lack of education
on the topic, frequent regulatory changes from FSSAI, and a lack of collaboration between academia and industry are some of the issues acting as a roadblock to major breakthrough projects. Moreover, the monopoly of individual players in different raw materials leads to price volatility and delayed deliveries, and the lack of sufficient clinical trials for Nutraceuticals negatively impacts customers' trust. We at Zeon are perennially working to eliminate all these existing market gaps, and provide quality products and service that sets industry benchmarks.”
Zeon Lifesciences (Zeon), is a leading contract manufacturer with diversified interests in marketing, manufacturing, research, and development in the areas of nutraceuticals. With over 30 years of experience, Zeon has evolved into a qualified manufacturer of specialized nutritional supplements. Their technical team is constantly working on core technology solutions like nanotechnology, liposomal technology, and fermentation technology to deliver value- added nutritional supplements.
The firm offers a variety of products such as spray dried powders, dry blended powders, tablets, capsules, granules, liquids, diskettes, sublingual sprays and much more. Moreover, their cutting-edge facilities boast GMP-certified R&D labs, as well as academic collaborations with top universities for research and development.
Shedding light on the promising future of the nutraceutical market, Suresh Garg mentions, “In 2017, the Indian nutraceutical market was worth a mere 2 percent of the global market. However, it is expected to grow at a rate of 21 percent to reach a value of $11 billion by 2023, holding at least a 3.5 percent share of the global market. Zeon has managed to tap into this growing demand and emerge as a preferred manufacturing partner of Nutraceutical products and is proudly associated with all the major Nutraceutical companies like Herbalife, Danone, Decathlon, GNC, Tata Consumers, Fresenius Kabi, La Renon, Sun Pharma, Health kart, and many more.”
Journey Ahead
Although Zeon had humble beginnings with a handful of clients about 30 years ago, with sheer commitment to quality and innovative formulations the firm has managed to build an exhaustive roster of clients that include renowned companies such as Tata Consumer Products and Beverages, Fresenius Kabi, La Renon, Mankind, Dr. Reddy's, Sun Pharma, Decathlon, GNC, Morepen, Cadila Zydus, MI Lifestyle, Kepler, La Renon, Health kart, Torrent and more.
Talking about future plans, Suresh Garg concludes, “We are relentlessly focusing on developing a variety of products as well as exploring the best possible technology in the industry. We are currently aiming to reach global manufacturing excellence for which we have started an initiative called “Zemanex”. We are also planning to come up with different and unique forms of doses for our wellness products. Moreover, Zeon is also building the exports division through which we are reaching out to global geographies with our own products.”
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