In the recent years, the herbal extract and phytochemical market has witnessed a remarkable growth, due to the shift from synthetic to herbal medicines. Owing to its wide range of medicinal and aromatic uses, the Indian Plant Extract market is expected to grow at an approximate CAGR of around 12 percent during the forecast period 2022-2027 according to Industry expert. As a result of increasing demands for natural product, growing awareness about health benefits and rise in lifestyle related diseases such as diabetes, obesity and hypertension there lies immense opportunity for players to tap the fast growing market which would garner huge opportunities.
Based out of Gujarat and established in 2013, Kaiwal Biotech is manufacturer and supplier of Phytochemicals and Herbal Extracts (both dry and liquid). The organization is ISO 9001:2015 certified company having cGMP compliant manufacturing facility. Kaiwal Biotech offers a wide range of products in compliance with industry standards with a mission to provide highest quality products to the customers.
“We are noticing the growing use of herbal extract and phytochemical in the Food and Beverage industry and rising consumption in personal care products. Besides these, favorable government
policies, investments in Research and Development, emergence of new and innovative herbal products, advanced bioavailability and efficacy has also led to an increase in consumption of products”, asserts Natvarsinh Rathod, Founder & CEO, Kaiwal Biotech.
What differentiates Kaiwal Biotech from other players in the market is that it offers high end assured quality phytochemicals and herbal extracts. To attain this, the organization has a state-of-the-art manufacturing facility with well equipped in-house analytical laboratory. Kaiwal Biotech has a team of well trained and technically qualified team of seasoned professionals who work closely with the clients to be able to understand their needs and ascertain tailored solutions and products for them. The organization practices FDA and GMP approved procedures and has in-house quality assurance department to ensure that all the processes are followed religiously.
“Some of the major challenges the industry faces are adulteration of the products, heavy metal contamination, and lack of standardization. There are very few players in the market who invest in R&D and adoption of standardization of processes are the key to growth”, informs Natvarsinh.
Client Centric Approach
Kaiwal Biotech has a detailed plan to provide hassle free services for the clients. The process of client approach starts with accumulating data about potential clients and their needs. The organization provides them with product samples and certificates for perusal. Post sample evaluation, Kaiwal Biotech constantly stays in touch with the clients to explore their needs and wants, identify gaps, and customize products according to the clients’ demands. “We are a young company but have positioned ourselves well in the market as today Kaiwal Biotech is a name to reckon with among ayurvedic manufacturers, nutraceuticals and herbal cosmetic manufacturers”, adds Natvarsinh. The organization started its journey operating initially within Gujarat and has gone on to attain its presence in more than 13 states in the country. In the short span of time the organization is able to create a name as a trusted suppliers in the market and is one of the major suppliers for phytochemicals and herbal extracts.
Robust Roadmap
In the future, Kaiwal Biotech aims to launch different range of products for enhanced market share. The organization also has plans to enter into natural food colors and natural dyes within phytochemicals and herbal extracts. The organization is also preparing itself to tap in the export market to establish itself in the international market.
Rathod also informs that standardization in the field of medicinal plants and its extracts is yet to go a long way in this field and company is readily willing to collaborate with agencies to work in this field to achieve the goal so as to improve overall quality and efficacy.
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