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Market challenges in the nutraceutical and pharmaceutical industry

11/06/2024
Food & Consumer Goods
Sectors
Sales
Categories

Manufacturers of food supplements and other products intended for sale in pharmacies face a range of unique needs and specific challenges in the highly competitive health and wellness market.

 

To fully understand these needs, it is essential to examine the various factors that influence their operations and success in the pharmaceutical channel.

Understanding the needs of the nutraceutical and pharmaceutical industry

First and foremost, these companies must ensure the quality and effectiveness of their products. Operating in a sector where consumer health and safety are paramount, they must comply with strict manufacturing standards and certifications to guarantee their products are safe and meet regulatory requirements. This calls for significant investment in research and development, as well as in quality control processes.

Secondly, they must differentiate themselves in the market. With a wide range of competitors and growing consumer demand for natural and safe products, it is essential for these companies to develop a strong and distinctive brand. This may involve creating unique products, investing in targeted marketing strategies, and building trusted relationships with healthcare professionals, including pharmacists.

In addition, these companies face the challenge of educating consumers about the benefits of their products. Since many people are still not well informed about the advantages of certain health items, it is crucial to provide accurate and accessible information to help consumers make informed decisions.

How to inform consumers about products

Manufacturers in the nutraceutical and pharmaceutical industry have a variety of informational tools at their disposal, including:

  • Brochures and guides providing detailed information on products, their ingredients and their health benefits. These materials can be distributed directly to pharmacies for customers interested in printed formats and, increasingly, via digital channels, such as in-store digital signage or loyalty applications.
  • Online digital channels available to specialists who support customers with easy-to-access content, offering details on product ranges, supporting clinical studies and answers to frequently asked questions – an extremely effective way to educate consumers and guide them towards purchases.
  • Educational events such as seminars, webinars or in-store initiatives in collaboration with pharmacies, to provide in-depth information on products and their health benefits. These occasions can also be used to engage healthcare professionals and strengthen trust in the brand.
  • Collaboration with healthcare professionals such as pharmacists, nutritionists and other practitioners, to ensure they are well informed about the products and can recommend them appropriately to customers.

It is therefore clear that manufacturing companies face a number of challenges in the pharmaceutical market, including:

  • investing in the quality of their products,
  • differentiating themselves in the market,
  • providing accurate and accessible information to consumers through a variety of informational tools.

Product information thus becomes a strategic asset: knowing every detail, feature and distinctive element makes it possible to create a targeted proposal for each customer and market sector.

Aton operates in the nutraceutical and pharmaceutical sectors, supporting its clients in these challenges with digital solutions specifically designed for product information gathering and dissemination activities.

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