Case Code : CLMM022
Publication date : 2005
Subject : Marketing Management
Industry : Pharmaceuticals
Length : 03 Pages
Price : Rs. 100
To download this case click on the button below, and select the case from the list of available cases:
Quality of Life, Lifestyle Disorders, Dietary Supplement, Nutraceuticals, Nutritional Deficiencies, Nutraceutical Market, Medical Costs, Export Market, Health & Glow, Pharma Companies, Dupont, Bunge, Solae, Sami Formulations
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In India, the nutraceutical market pegged at Rs 16 billion, is still evolving. With increasing awareness about health and the risk of lifestyle disorders, consumers are looking at nutraceuticals as effective products. The caselet analyzes the reasons behind slow growth of this market. It examines the efforts being made by Indian nutraceutical product companies to increase the pace of the growth by launching products that appeal to Indian customers and exploring more distribution channels.
Doctors point out that lifestyle disorders like hypertension, obesity, acidity and fatigue are due to change in food habits, stress at the workplace, and changes in lifestyle.
This has created a niche in the Indian consumer market in the form of nutraceuticals. There is no clear-cut definition for the term, but it is commonly used for any food or dietary supplement that provides a health benefit...
Questions for Discussion:
1. Which market segments should a nutraceuticals company concentrate on and why?
2. Analysts point out that companies are not doing enough to expand the market. What can nutraceutical marketers do to expand the market?
3. How different is healthcare advertising from FMCG advertising?