Nutraceutical Products Market: Introduction
Nutraceutical products can be defined as the fortified food products that act as supplements in treating and preventing diseases. Nutraceuticals can be defined as a hybrid of nutrition and pharmaceutical. However, these products are not tested and regulated to the extent of pharmaceutical drugs. Nutraceutical products are classified into categories such as dietary supplements, medicinal food, and functional food based on pharmacological conditions as well as the chemical constitution of the products
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Dietary supplement can be defined as the product containing nutrients derived from food products. These products are regulated by the FDA, but their regulations differ from drugs and other foods. Functional food includes fortified whole food enhanced with dietary components. Nutraceutical products cover a range of therapeutic areas such as cold, cough, digestion, sleeping disorders, osteoporosis, cholesterol control, depression, and diabetes
Key Drivers and Restraints of Global Nutraceutical Products Market
The strong growth of the nutraceutical products can be attributed to the increasing prevalence of chronic diseases, such as diabetes, cholesterol, and obesity among others. In addition, increasing geriatric population, and the growing demand for alternate pharmaceutical products contribute to the growth of the nutraceutical products. The growing consumer awareness on fitness and health and increasing demand for on-the-go snacks fortified with nutritional food contribute to the growth of the nutraceutical products market
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A range of nutraceuticals have shown significant benefits in indications related to oxidative stress including allergy, cardiovascular diseases, eye conditions, Alzheimer's disease, obesity, and Parkinson's disease contributing to the growth of the nutraceutical products market However, the nutraceutical products market is highly unregulated and lacks product regulations. As a result, a range of products are marketed which are known to have significant side effects on the human body. These adverse effects might have a negative impact on the nutraceutical products market.
Request for Analysis of COVID19 Impact on Nutraceutical Products Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77006 North America to Lead Global Nutraceutical Products Market In terms of region, the global nutraceutical products market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa