Udaipur, April 15, 2021.
Amway India, one of
the country’s leading FMCG direct selling companies today announced the launch
of Chyawanprash by Nutrilite, under its flagship brand
Nutrilite. Chyawanprash by Nutrilite is a concentrated blend of nutrient-rich
32 herbs authenticated by DNA fingerprinting made with 16 certified organic
ingredients, and with no preservatives. Inspired by classical Indian recipe,
the Nutrilite Chyawanprash formulation primarily aims to support immunity,
rejuvenation of the body, boosts strength and stamina, besides helping fight
the day-to-day infections.This launch marks Amway’s foray into the Chyawanprash
segment, with the strategy to capture a sizable pie of the growing Ayurveda
market in the county.
Announcing the launch,
Mr. Anshu Budhraja, CEO, Amway India, said,
“Amway’s formidable presence in the vitamin and dietary supplements market
with sharp focus on the traditional herbal category made it natural for us to
extend into the Chyawanprash segment. On the back of successful growth
trajectory and category potential, we aim to capture 20% market share of the
premium Chyawanprash segment in the first year. We will continue to innovate
and further strengthen the nutrition category with a special focus on traditional
herbs range.”A global leader in the nutrition segment, Amway continues to
solidify its leadership in the nutrition and immunity domain through consistent product
innovation and unique seed-to-supplement process.
Commenting
on the launch, Mr. Gursharan Cheema, Sr. Vice President, North & South, Amway
India said, “As people embrace
holistic approach to wellness with focus on nutrition, there is a growing
demand for quality nutrition product, especially the nutrition supplements made
with the Indian traditional herbs.
Backed with our expertise in the area of nutrition and wellness, we have
indigenously developed Chyawanprash by Nutrilite. It is a true amalgamation of
traditional Indian wisdom and modern science. Our product ensures highest level
of purity, safety and potency and comes with simple and yet informative
labelling that helps consumers make better and informed choices. To ensure
optimum reach and engage consumers we are introducing digital activations
across platforms. In
Further talking about
the herbal nutrition category performance, Mr Ajay Khanna, CMO, Amway India,
said, “In line with the consumers’ inclination towards herbal products with
traditional ingredients, the Nutrilite Traditional Herbs Range (NTHR) has
witnessed a strong double-digit growth in 2020.
The range is hugely popular among the U35, as we witnessed the U35
buyers of NTHR grow significantly from 35% to 45% in 2020, reflecting their
strong preference for the traditional herbs’ nutrition range. As optimum
nutrition continues to be a key priority for the consumers, we expect the
contribution of Amway’s nutrition category to grow to 65% of the total business
by 2024. The Nutrilite traditional herbs range is projected to grow three times,
with Chyawanprash by Nutrilite estimated to account close to 10% of the NTHR
sales by 2024.”
The company forayed
into the traditional herb nutrition space with Nutrilite Traditional Herbs
Range in 2018. With just six products, the range clocked INR 100 crores in
2020, indicating a huge growth potential. Going by the market trend, the
company is channelizing its energies in bolstering innovation to accelerate the
traditional herbs range, further driving growth for the nutrition category and
for Amway. Chyawanprash by Nutrilite is the new addition to the traditional
herbs range, which is expected to be one of the key growth levers for the
category.