Industry at a Glance
Indian Nutraceutical Market is expected to grow from US$ 2.2 billion in 2015 to US$ 6.1 billion by 2020 at a compunded annual growth rate of over 20%. A rising Awareness about health and fitness is evolving a need for dietary suppliments, sports nutrition and weight management products. While India has strength in pharmaceutical segment, functional foods and beverages are at relatively nascent stage. In Order to address this market opportunity we founded Innovcare Lifesciences in 2014.
Innovcare Lifesciences headquartered at Navi Mumbai, Maharashtra, India; was incorporated with an objective of providing effective, high quality, innovative healthcare solutions backed with Research, Evidence and Results in the Nutraceutical, Cosmeceuticals and Functional Food category.
Innovcare Lifesciences is involved in marketing and sales of branded nutraceuticals, cosmeceuticals and functional foods with an aim to protect and augment human health against various lifestyle-oriented diseases.
Backed by a leading US PE firm, our management team has combined experience of 100 years in pharmaceutical and nutraceutical segment.
Our products are manufactured according to international standards (WHO-cGMP Certified) in selected and audited high-tech facilities. Presently, we have ten contract manufacturers who are manufacturing our branded formulations at various sites all over India. At Innovcare Lifesciences, we develop products.
Within 2 years, we have built a pan India presence with 500 sales executives promoting our brands to more than 36,000 healthcare practitioners in various specialities like Orthopaedics, Gynaecology, Dermatology, Diabetology, Cardiology, Sexology and Physicians.
We have more than doubled our revenues each year since our incorporation. The industry has identified Innovcare Lifesciences as one of the fastest growing pharmaceutical company in the 150 to 200 rankings in India.
Our Vision is to be the number one nutraceutical and functional food company in India and our mission is to generate a sales revenue of at least 20 million dollars by 2020.