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The term “nutraceutical” was coined from the words “nutrition” and “pharmaceutical,” by Stephen Defelice, in 1989. Defelice was the founder and chairman of the Foundation for Innovation in Medicine, an American organization that encourages medical health discovery. A nutraceutical substance is any food, or part of a food, that provides medical or health benefits and helps in the prevention and treatment of disease
The analysts forecast the global nutraceuticals market to grow at a CAGR 6.5% in terms of revenue during 2014-2019.
The global nutraceuticals market can be segmented into three categories: functional beverage, functional food, and dietary supplements.
The report, Global Nutraceuticals Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global nutraceuticals market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.