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As per available reports about 105 Conferences, 13 workshops are presently dedicated exclusively to nutraceuticals and about 13 articles are being published on nutraceuticals.
A nutraceutical is “any non-toxic food component that has scientifically proven health benefits, including disease treatment or prevention.” including disease treatment or prevention.” The functional component of the food must be standardized in the nutraceutical product and produced under good manufacturing practices (GMPs). Probiotic foods and beverages are dark chocolate contains probiotics and antioxidants to keep your stomach healthy and your sweet tooth satisfied and a popular Korean side dish, kimchi is fermented and pickled cabbage that can be very spicy. Filled with vitamins, calcium, and probiotics it’s an excellent and hot way to stay healthy and also soy naturally contains some probiotic benefits, but new soy milk products on the market have added extra live cultures.
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Scope and Importance:
The Indian nutraceutical market valued at $ 1,480 million in 2011 could grow to $ 2,731 million in 2016, a report said today. According to the report by business research and consulting firm Frost & Sullivan, functional foods will be the quickest growing category followed by dietary supplements until 2015.However, dietary supplements specifically herbal and dietetic supplements will form the greatest opportunity areas for nutraceutical manufacturers, it added. Nutraceutical a portmanteau of the words 'nutrition' and 'pharmaceutical', is a food or food product that reportedly provides health and medical benefits, including the prevention and treatment of diseases. The report said that at present the dietary supplements were the largest category accounting for 64 per cent of the entering nutraceuticals market. This market is driven primarily by the pharmaceutical sector in the form of vitamin and mineral supplements, it added. As per the study the global nutraceutical market was estimated to be $149.5 billion in 2011 with US, Europe and Japan being the largest regional markets, accounting for nearly 93 per cent of the global nutraceutical demand.
Market Analysis:
The nutraceutical ingredients market is fueled by the growing health awareness among consumers and the increasing incidences of chronic conditions such as blood pressure, diabetes, gut disease, and rickets. Globally, the rise in aging populations and growing health concerns has led to the large-scale adoption of nutraceutical ingredients for various applications. The market for nutraceutical ingredients is projected to reach about USD 38.7 Billion, at a CAGR of about 7.2% from 2015 to 2020.
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This page was last updated on April 26, 2024