The Future of Nutraceuticals and Health Supplements

The Future of Nutraceuticals and Health Supplements An Academic presentation by Dr. Nancy Agnes, Head, Technical Operations, FoodResearchLab Group: www.foodresearchlab.com Email: info@foodresearchlab.com

TODAY'S DISCUSSION What Are Nutraceuticals?

Nutraceutical Categories The State Global Nutraceutical Market The Nutraceutical Business Will Be Driven By Five Trends In 2021.

Conclusion

WHAT ARE NUTRACEUTICALS? The word nutraceutical refers to items derived from natural sources that provide health advantages and those supplied by the diet.

Nutraceuticals are supplements that0 are used to improve overall health and prevent disease.

Because there is no universally acknowledged understanding of what a nutraceutical is, nutraceutical definitions, opinions, and regulations differ from nation to country.

NUTRACEUTICAL CATEGORIES DIETARY SUPPLEMENTS Minerals, herbs, amino acids, enzymes, and a variety of other substances can be included in nutritional supplements in addition to vitamins.

They're available in candies, beverages, energy bars, powder, and tablet form, among other things.

Magnesium tablets, multivitamin gummies, and protein powder are some examples.

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FUNCTIONAL FOOD This covers whole foods, health supplements and nutritional components that have been fortified, enriched, or improved.

Nutrient-dense foods such as legumes and whole grains are examples of traditional functional foods.

Juice with additional calcium, cereal with added iron, or milk with added zinc and folic acid are examples of modified functional foods.

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Because poor nutrition is a crucial risk factor for chronic diseases, many consumers wish to play a proactive role in disease prevention.

This is where nutraceuticals come into play as a bridge between supermarkets and pharmaceutical companies' scientific worlds.

THE STATE GLOBAL NUTRACEUTICAL MARKET Nutraceutical businesses are growing increasingly popular across the world as they become more integrated into people's everyday diets.

The global market for nutraceutical medicine is estimated to be valued at US$233.9 billion in 2020, rising to US$358.5 billion by 2027.

After North America, Japan and China are the primary users of nutraceuticals.

They are around 78 per cent of the entire market in the Asia Pacific area.

THE NUTRACEUTICAL BUSINESS WILL BE DRIVEN BY FIVE TRENDS IN 2021 THE PREVALENCE OF CHRONIC AND NONCOMMUNICABLE ILLNESSES IS ON THE RISE. Obesity becomes a more severe issue than hunger.

Globalization and urbanization have risen in developing nations, increasing non-communicable illnesses such as cancer, diabetes, heart disease, and lung disease.

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Obesity, allergies, and Alzheimer's disease are all becoming increasingly common.

Nutraceutical demand is driven by poor nutrition, a crucial risk factor for chronic illnesses and noncommunicable diseases worldwide.

Nutraceutical testing labs help in formulating and analyzing the product potent.

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INEXPENSIVE HEALTHCARE According to a 2019 World Health Organization (WHO) study, health spending increases faster than the rest of the global economy, accounting for 10% of global GDP. Consumers seeking to enhance their health without paying for medical care are turning to the nutraceutical sector for assistance.

Alternatives to over-the-counter and prescription pharmaceuticals include fortified foods and beverages, which are popular among health-conscious customers.

BABY BOOMERS WANT TO RELAX AND ENJOY THEIR GOLDEN YEARS Baby Boomers make up the majority of nutraceutical users.

This population has the financial means to purchase nutraceutical food and is committed to living a healthy lifestyle during retirement.

The demand for nutraceuticals is increasing as a result of these two causes.

As Millennials advance in their careers, they'll be able to spend more money on living a healthy lifestyle and making more environmentally friendly decisions.

DOUBTS ABOUT TRADITIONAL MEDICINE Pharmaceutical medicines and their adverse effects are causing increasing concern.

The perception of nutraceuticals as a more realistic option will likely boost nutraceutical usage in the coming years.

This will result in the expansion of many nutraceutical companies.

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THE NEED FOR CONVENIENCE IS INCREASING. Consumers are looking for convenience.

Millennials desire on-the-go goods, but Baby Boomers don't want to keep swallowing medications.

Nutraceuticals are now available in gummies and effervescent tablets for those who don't like pills.

Protein bars, dry nuts, grains, and bars are examples of nutraceutical snacks ideal for on-the-go eating.

CONCLUSION The nutraceutical business has space for expansion, significantly as the population ages and healthcare expenditures rise.

If the nutraceutical business continues to develop, manufacturers, distributors, and wholesalers must grasp the factors that drive growth.

Food Research Lab Provides Functional Food And Nutraceutical Product Development Service.

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Food Research Lab is a global Contract R&D Food, Beverages & Nutraceutical Lab providing solutions to Food, Beverages and Nutraceuticals (F, B&N) industries worldwide. We have expert nutraceutical consultants.

Food Research Lab can be your functional food and nutraceutical product development and scale-up partner, starting from the primary feasibility testing of your initial concept to the finished product in your hands.

We combine a unique range of health components and functional incorporating technologies with well-equipped formulation laboratories managed by technical teams with excellent scientific knowledge.

At Food Research Lab, we give significance to the following aspects to develop a successful functional food product or a nutraceutical product; The purity and sustainability of components.

Scientific evidence of effectiveness.

Guarantee of product quality.

The comfort and convenience of the formulation.

Global regulatory authorities are rigorously scrutinizing the quality, safety, and efficacy of nutraceutical components and final products. Consumers are becoming more health-conscious in buying nutraceutical and functional food products. More people are turning to herbal supplements for their health.

The Food Research lab uses its years of research & development to position itself as a reliable worldwide nutraceutical and functional food development partner, assisting customers in reducing project risk and accelerating time to market.

Contact Us UNITED KINGDOM +44- 161 818 4656 INDIA +91 9566299022 EMAIL info@foodresearchlab.com