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Nutraceuticals are products derived from food sources that are purported to provide extra health benefits, in addition to the basic nutritional value found in foods. These neutraceuticals can provide protection against chronic disease and are demonstrated to have many physiological benefits.
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Scope and Importance:
Nutraceutical Conference provides the scope for opportunities to learn progressed by international scientists and academicians. So many symposiums have been conducted and are to be organized all across the globe focusing on the significance of Neutriants.
Nutraceutical, a portmanteau of the words “nutrition” and “pharmaceutical”, is a product isolated or purified from foods that is generally sold in medical forms not usually associated with food. These nutraceuticals can provide protection against chronic disease and are demonstrated to have many physiological benefits. Nutraceutical is food, or parts of food, that provide medical or health benefits, including the prevention and treatment of disease.
The benefits of Nutraceuticals in medicine lies in the Increased Confidence in Effectiveness and Quality of products, Increased awareness among public, Improved market conditions for nutraceutical products and increased awareness in healthcare industry.
The Global Nutraceuticals product market reached $142.1 billion in 2011 and is expected to reach $204.8 billion by 2017 with CAGR of 6.3 % by Transparency Market Research.
The nutraceutical industry in the US is about $86 billion which retain 37% market share. This figure is slightly higher in Europe and, in Japan. 47% of the Japanese population consume Nutraceuticals.
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