New Product Development Manager

Position Overview:

The Manager of New Product Development will lead the ideation, formulation, and launch of innovative nutraceutical and Ayurvedic supplement products. The role involves collaborating with cross-functional teams, conducting market research, ensuring regulatory compliance, and driving the product development process from concept to commercialization.

Key Responsibilities:

1. Product Development:

• Conceptualize and develop new nutraceutical and Ayurvedic products aligned with market trends and consumer demands.
• Create formulations using scientifically validated ingredients and Ayurvedic principles.
• Work with R&D to optimize product efficacy, stability, and safety.

1. Market Research:

• Analyze market trends, consumer preferences, and competitive products to identify gaps and opportunities.
• Collaborate with marketing and sales teams to understand customer feedback and integrate insights into product design.

1. Regulatory Compliance:

• Ensure all products meet regulatory guidelines (FSSAI, AYUSH, FDA, etc.) for nutraceuticals and Ayurvedic supplements.
• Maintain up-to-date knowledge of global regulatory requirements and documentation.

1. Project Management:

• Oversee the product development lifecycle, including ingredient sourcing, trials, and production.
• Collaborate with procurement, manufacturing, and quality assurance teams to meet timelines and budgets.

1. Quality Assurance:

• Collaborate with QA teams to develop and implement product testing protocols.
• Ensure products adhere to the highest standards of quality, safety, and efficacy.

1. Supplier and Vendor Management:

• Identify and engage with ingredient suppliers and manufacturers for sourcing high-quality materials.
• Evaluate vendor capabilities and negotiate cost-effective solutions.

1. Documentation and Reporting:

• Prepare technical documentation, product dossiers, and specifications for internal and external use.
• Generate periodic reports on project status, timelines, and outcomes.

Qualifications:

• Educational Background:
• Bachelor’s or Master’s degree in Pharmacy, Biotechnology, Food Science, Ayurveda, or related fields.
• Additional certifications in nutraceuticals, Ayurveda, or project management are a plus.
• Experience:
• 3–7 years of experience in product development, preferably in the nutraceutical, Ayurvedic, or functional food industry.
• Proven track record of launching successful products in relevant categories.
• Skills:
• Strong understanding of nutraceuticals, functional ingredients, and Ayurvedic formulations.
• Familiarity with regulatory frameworks (FSSAI, AYUSH, etc.).
• Excellent project management, problem-solving, and communication skills.
• Proficiency in MS Office and product lifecycle management tools.

Key Competencies:

• Analytical and innovative mindset.
• Attention to detail and ability to work under pressure.
• Strong team collaboration and stakeholder management skills.
• Passion for health, wellness, and Ayurvedic science.