Sigachi Industries has ventured into human nutritional segment with a prime focus on B2B markets, in India and across the globe. Alongside pharma, Sigachi will now be expanding its horizon by exploring nutritional markets in India, and across 45 countries, where it currently exports. The product portfolio will widely incorporate spray-dried ingredients, micronutrient premixes, encapsulated ingredients, granulated ingredients and triturates. With these ingredients, Sigachi is looking to deepen its relationship with its current customers in nutraceuticals, bakery, dairy, infant and medical nutrition, confectionery, savoury and snacks, and beverages sectors, a company statement notified.
Commenting on the launch of the new segment, Amit Raj Sinha, MD and CEO, Sigachi Industries, said in the statement, “We see this expansion as a natural step in accelerating our growth towards our vision of being a market leader in the manufacturing and supplying of multi-facet ingredients, and offering tailored solutions that meet customer requirements across the pharmaceutical, nutraceutical, food ingredients and nutrition industries.”
According to Market Study Report 2020, the worldwide human nutrition market was worth $252 billion and is expected to grow substantially. The markets can be broken down into various application segments namely dietary supplements, functional nutrient, early life nutrition and packaged food and beverages, the statement concluded.