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- Title
Nutraceutical regulations in ASEAN countries.
- Authors
Bhavani, G. Sai; Venkatesh, M. P.; Kumar, T. M. Pramod
- Abstract
In today's era of increased standards of lifestyle and life expectancy, there has been a constant demand of the supplements by the consumers. Nutraceuticals are one such example of the supplements. Although very big opportunity is there in this business, there are no uniform regulatory requirements in different regions. Every nation is looking forward toward nutraceutical sector to keep the population of its nation healthy and safe by introducing certain rules and regulations. In general, the developed countries have regulations in place, but there are some countries such as countries in Asia pacific regions or in ASEAN countries which are yet to tune their regulations for nutraceutical products. The ASEAN countries involve highly commercialized markets such as Singapore, Thailand, Malaysia, and the Philippines. The overall nutraceuticals market of ASEAN countries is growing at a CAGR rate of 8.4% approximately. In this, about 40% of the population consumes nutraceuticals on daily basis. ASEAN countries are coming up with harmonized regulation for dietary supplements. This could be one of the greatest opportunities for the manufacturers to introduce their products in ASEAN market. A special unit of Traditional Medicines and Health Supplements Product Working Group (TMHA PWG) helps the manufacturer to understand the regulatory procedure of these countries. Despite of countries own special requirements; the manufacturers can follow the standards and harmonized guidelines given by this working group. This present article is a first initiative to introduce the regulatory procedure and requirement for the international business developers to launch any new nutraceutical product into the ASEAN market.
- Publication
Drug Invention Today, 2020, Vol 13, Issue 7, p1019
- ISSN
0975-7619
- Publication type
Academic Journal