In the ever-evolving landscape of the nutraceutical industry, regulatory compliance stands as a critical pillar for success. To gain a deeper understanding of the challenges and trends faced by dietary supplement companies, SGS Digicomply conducted the "Navigating Nutraceutical Compliance Survey." This comprehensive survey sheds light on key insights that can shape the future of regulatory compliance strategies in the industry.
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Complex Regulatory Environment: A Global Challenge
Among the top concerns voiced by dietary supplement manufacturers is the complex web of global regulatory requirements. Operating across multiple countries entails navigating through varying rules and demanding documentation processes for product registration. This regulatory intricacy presents formidable challenges that require streamlined solutions.
The Role of Science in Nutrition and Health Claims
Scientific understanding of nutrition and health emerges as a pivotal factor for businesses in the nutraceutical sector. Robust scientific data serves as a foundation for supporting health claims and product development. Addressing the need for clear definitions and guidelines surrounding health claims is crucial for manufacturers seeking to deliver innovative and effective products to consumers.
AI-Powered Compliance: Untapped Potential Interestingly, the survey revealed that 76% of dietary supplement companies have yet to embrace AI-powered tools for regulatory compliance or risk assessment. However, among those who have adopted these technologies, 41% find value in utilizing AI for risk assessment and mitigation suggestions, while 30% leverage it for automated regulatory monitoring and updates. This highlights the untapped potential of AI in optimizing compliance procedures and fostering greater efficiency and accuracy in the industry.
Embracing the Future with SGS Digicomply
With the growing complexity of the regulatory landscape, businesses are seeking reliable and innovative solutions to stay ahead of the curve. SGS Digicomply, the industry's leading AI-powered platform, rises to meet the challenges faced by dietary supplement manufacturers. The platform offers risk assessment, automated regulatory monitoring, and real-time updates, providing users with the tools they need to navigate compliance hurdles with confidence.
A Vision for Growth and Expansion
The survey revealed a promising outlook for the nutraceutical industry, with 60% of respondents expressing interest in trying out Digicomply. This aspiration for growth is further supported by the fact that 63% of companies are considering opening new markets for their food and dietary supplement products/ingredients, while 41% plan to launch new products within the next six months. These dynamic developments indicate a proactive approach to market expansion and innovation within the industry.
Empowering Compliance with SGS Digicomply
Navigating the complexities of the nutraceutical industry's regulatory compliance landscape demands a proactive and informed approach. SGS Digicomply offers an all-encompassing solution, empowering businesses with cutting-edge AI technology and comprehensive support. With 24/7 access to risk assessments, regulatory insights, and real-time updates, companies can confidently shape their compliance strategies and set the course for a successful future.
In conclusion, the "Navigating Nutraceutical Compliance Survey" by SGS Digicomply has provided valuable insights into the challenges and opportunities in the dietary supplement industry. As AI adoption gains traction, companies are beginning to unlock the true potential of streamlined compliance processes. Embracing AI-powered solutions, such as SGS Digicomply, allows businesses to navigate the regulatory landscape with ease and confidence, propelling them towards a brighter and more compliant future. Start using SGS Digicomply's AI solutions for compliance and risk prediction for free today!