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IADSA Helps Companies Access Russian Supplement Market
A one-day workshop geared towards clarifying the full potential of Russia’s nutritional market for foreign companies will be held in Washington DC next month.
Organised by the International Alliance of Dietary/Food Supplement Associations (IADSA), the September 13 workshop aims to help companies to understand the process for entering the country’s substantial dietary supplement market. Key government officials from Russia will advise on the country’s regulatory requirements for dietary supplements, such as registration procedures, voluntary certification of dietary supplements in Russia, label requirements, distribution regulations and forthcoming legislation.
Russia’s dietary supplement sales make up 38 percent of the $1.8 billion Eastern European nutritional market, according to a survey conducted by the Nutrition Business Journal and IADSA. Between 2005 and 2006 alone sales in Russia grew by 16 percent. Foreign brands, however, currently make up just one third of that market share.
“Russia’s market represents a unique source of opportunities for dietary supplement companies,” said David Pineda, IADSA’s Manager of Regulatory Affairs, “but there is currently little understanding of their very developed and complex regulations. Russian officials are aware of this problem and are keen to help foreign companies better understand the process and get dietary supplement products into the market.”
The Russian Government first started regulating its biologically active supplements market in 1998, declaring all dietary supplements and parapharmaceuticals part of food industry. Speakers at the workshop will include senior officials from the Russian Federal Agency for Consumer Rights and Human Wellbeing, Dr Liudmila Simkalova and Dr Margarita Voronina.
Discussion will also focus on quantity restrictions for ingredient dosages, the use of genetically modified substances, and alcohol-containing dietary supplements. Gregory Temkin, President and CEO of Russian Standard Ltd, will explain how to master the regulatory process and avoid pitfalls; Anna Grinchenko, Regulatory Specialist for Amway Russia, and Lynne Goodwin, Technical Regulatory Analyst at Access Business Group, will give case studies of the approaches their companies took to ensuring product approval, and the lessons that were learned from the process.
The event, titled “Dietary Supplements in Russia: Regulation, Registration and Certification – Mastering the approval processes”, has been arranged in cooperation with IADSA’s US member associations – AHPA, CRN, NPA and UNPA. For more information or to register visit www.iadsa.org or email firstname.lastname@example.org.
IADSA is the voice of the worldwide dietary supplement manufacturing industry and an accredited international non-governmental organization (INGO) with a seat at the table of the main international regulatory bodies. Since its formation in 1998, IADSA has worked with governments on a range of programmes to promote the sharing of information, ideas and the practical understanding of best practice in regulation. IADSA has more than doubled in size since its creation in 1998, representing 59 national trade associations and over 9,500 companies.