Leading the way
Recently, the Best Practices Awards were given for the Indian food ingredients industry. Times Food Processing Journal reports
Global growth consulting company Frost & Sullivan presented its Best Practices Awards for the Indian Food Ingredients Industry 2005, on July 28, 2006 at its event, 'Opportunities in Emerging Markets: Fortified Foods and Supplements', held in Mumbai. Four awards were conferred at the Best Practices ceremony, recognising companies that have excelled in different areas within the food ingredients industry. Camlin was awarded the 'The 2005 Frost & Sullivan Market Leadership Award' for being the undisputed leader in the market, with a 58 per cent share of the anti-oxidants being supplied to the food and personal care industries. The company's anti-oxidant division has achieved a growth rate of 15 per cent over the last financial year, which compares favourably with the market growth rate of approximately 11 per cent for the
same period.
Vivimed Labs was awarded the 'The 2005 Frost & Sullivan Product Line Strategy Award' for demonstrating insight into customer needs and product demands. Vivimed Labs has been one of the few Indian manufacturers to identify the need for alternatives preservatives to parabens and launch a new product, chlorphenesin, to cater to this need. Its brand COSVAT has been designed to meet the high-purity, low-residue requirements of the personal-care industry. In food-grade anti-oxidants, Vivimed has attempted to capitalise on the opportunity for alternatives to phenols by launching nordihydroguaiaretic acid (NDGA). Vivimed has applied for a process patent for the manufacture of this molecule.
Global Calcium India (India) was awarded the 'The 2005 Frost & Sullivan Product Innovation Award' for its new and innovative range of 'organic minerals'. Global Calcium (India) offers a full range of products catering to the needs of the pharmaceutical, nutraceutical, food and beverage sectors. Under the umbrella brand GLO, products such as GLOBOGLUCO, GLOCITRO and GLOLACTO have surpassed the performance of many of their inorganic mineral-based counterparts.
