The nutraceutical industry is growing in Tripura for several reasons, including the rich biodiversity there. There are medicinal plants in the area, which are the reason why the industry thrives. This industry has the potential to be better in the future, as many companies are seen in the area. It is a prime location where many companies supply herbal supplements along with functional foods in Tripura. The market of nutraceuticals is shining in Tripura, as companies like GetWell BioCare contribute.
GetWell BioCare contributes to the nutraceutical market of Tripura with our high-quality products. At GetWell BioCare, you can enjoy our contract manufacturing services for nutraceuticals in Tripura. We have a manufacturing unit that’s GMP certified, as GetWell BioCare has the best service in Tripura.
Statistics Of the Nutraceutical Market
1. Market Size & Growth:
The market size of nutraceuticals is big in this country, with a high CAGR of 15–18%.
By 2030, the market of nutraceuticals may grow even more in this country, with USD 18–20 billion.
For Tripura, a 12–14% CAGR growth is expected in the industry, as people get more aware.
2. Consumer Trends in Tripura
Agartal, being the capital of the state, is where people show demand for:
- Herbal immunity boosters
- Ayurvedic supplements
- Functional foods
Post COVID, people in Tripura became more interested in these nutraceuticals.
In the last two years, a large population of 35–40% in the state has consumed these nutraceuticals.
Factors driving the Indian nutraceutical industry in Tripura
Increased Health Awareness & Lifestyle Changes:
- In Tripura, people are becoming aware of the industry, which makes the demand for nutraceuticals increase.
- People are trying different methods to care for their health, which includes trying nutraceuticals in Tripura.
Focus on Preventive Healthcare:
People of Tripura don’t focus on curing their issues but want preventive healthcare, which is possible.
This means the demand for nutraceuticals is increasing for these reasons in Tripura:
- Boost immunity
- Improve gut health
- Maintain overall vitality
Government Support & Regulation:
- The government is also supporting the industry in many ways, with policies like the HSN in the state.
- Policies like these support the growth of the nutraceutical sector in the state, as several companies are there.
Digitalization & E-commerce:
- The industry also benefits from the rise of e-commerce, which is known to help increase demand even more.
- As companies can sell products more easily, demand for nutraceuticals has also increased in Tripura.
Research & Development:
- Many companies related to nutraceuticals focus on R&D as well, which is what makes growth happen in Tripura.
- This is what increases the production of in-house innovative products, which is a benefit in Tripura.
Disposable Income:
- People with disposable incomes in Tripura are known to spend more on healthcare, which is a factor.
- This is seen in many middle-class people as they look to enhance their health more commonly in the state.
Abundance of Ingredients:
- This country is known to have ingredients suitable for nutraceuticals in many states, including Tripura.
- These ingredients are most likely natural, as they come from local resources, in places like Tripura.
GetWell BioCare | Leading Nutraceutical Company In Tripura
GetWell BioCare is a leading manufacturing company in Tripura, which is known for working with nutraceuticals. GetWell BioCare is also known for providing a wide range of products in Tripura as well as other areas. Apart from that, customers can also enjoy custom solutions at GetWell BioCare in Tripura. This is a company with national presence, so trusting us for nutraceuticals is your best option in Tripura.
Why Consider GetWell BioCare?
- National Presence: If we look at a nation-wise, then GetWell BioCare is known as a top nutraceutical company for many reasons.
- Product Range: At GetWell BioCare, you can enjoy the manufacturing services of a wide product range, including Ayurveda.
Here are some of the specialized areas that GetWell BioCare focuses on:
- Oncology
- Cardiology
- Sports nutrition
- Services: GetWell BioCare is known for offering many services, including third-party manufacturing, which is beneficial.
- Another helpful service offered by GetWell BioCare is custom packaging solutions in Tripura.
- This way, other companies can also bring their formulas to market, with our help from GetWell BioCare.
- Focus on Quality: Another factor about GetWell BioCare is the high product quality we provide in Tripura. Our products are safe as well as pure, and are made using advanced technology in our country.
Conclusion
Your search for the best company in Tripura for nutraceuticals ends here, as GetWell BioCare is your best pick. The industry of nutraceuticals keeps growing in Tripura, which is contributed to by companies like GetWell BioCare. The government supports the nutraceutical industry of Tripura, which is seen through the policies. As the people of Tripura get more aware of healthcare, the demand for these kinds of products increases.
FAQs
Q – Which third-party manufacturer do I choose for nutraceuticals in Tripura?
A – Your best pick for a third-party manufacturer is GetWell BioCare in Tripura for our high-quality services.
Q – Which nutraceutical is the most common of all?
A – The answer to that would be omega-3 fatty acids or fish oil, which are considered to be the most common.
Q – What other names can be used for nutraceuticals?
A – Here are all the other things you can call a nutraceutical:
- Nutritional supplements
- Medical foods
- Functional foods
- Designer foods
Q – What license do companies or suppliers need in case of nutraceuticals?
A – The most important license needed for that is from the FSSAI, as it’s not possible without this one.
