Infinium Global Research Nutraceutical Ingredients Market Global Industry A | Page 2

Nutraceutical means a fortified food or dietary supplement that provides health benefits in addition to its
basic nutritional value. However, it is used to describe any product derived from food sources with extra
health benefits. Nutraceuticals can be classified based on their natural sources, pharmacological conditions
and chemical constitution of the product. The term nutraceutical was coined combining two words i.e.
nutrient and pharmaceutical. Nutraceutical products have gained noticeable interest due to their potential
nutritional, safety and therapeutic effects. Furthermore, nutraceutical products play a major role in a plethora
of biological process including cell proliferation, antioxidant defenses and gene expression.
Market Insights
The Global Nutraceutical Ingredients Market was sized over USD 25 billion in 2016. The global nutraceutical
ingredients market is projected to grow with a CAGR of 7.0% during 2018-2024. Increasing chronic diseases
due to the fast-phased lifestyle of consumer results in rising awareness in healthy diet is the prime factor
driving the growth of global nutraceutical ingredients market. Furthermore, rising use of nutraceutical
ingredients in pharmaceutical drugs due to its properties such as anti-aging, proper body functioning and
health improvement will drive the nutraceutical ingredient market globally.
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