Nitesh Chauhan, Sanjar Alam and Umakant Bajaj
KIET School of Pharmacy Ghaziabad, India
Accepted Abstracts: Pharmaceut Reg Affairs
In recent years there has been growing interest in nutraceuticals which provides health benefits and is providing preventive options for the ageing population worldwide for keeping them away from various lifestyle diseases. Along with the growing healthcare industry in India there is an emerging trend in growing consumerism for ΓΆΒ?Β?Fast Moving Healthcare Goods (FMHG)ΓΆΒ?Β?; worldwide known as Nutraceuticals, which are by definition, ingredients with human health benefits beyond basic nutrition. According to available estimates, nutraceuticals market in 2007 was INR 18.75 billion and expected to grow at 20% CAGR to achieve a market size of INR 27 billion in 2009. Global nutraceuticals market is estimated at USD 120 billion in 2007 growing at 7% (CAGR). The US has been the major market for nutraceuticals with India and China becoming fastest growing markets. Indian nutraceuticals market in 2008 was USD 1.0 billion and globally this market is expected to reach USD 180 billion in 2013 growing at a CAGR of 7% driven by the fastest growing dietary supplement category. Nutraceuticals are gaining acceptance globally for their ability to address several diseases. Vitamins, Minerals and Nutrients constitute about 85% of the global market while antioxidants and anti-agents account for 10% other segments such as herbal extracts occupy 5% of the market. To actualize the growth rate and the demand of nutraceuticals in the local region of Uttar Pradesh like Ghaziabad, Noida and Greater Noida. The present survey study has been conducted and the survey data was portrait and presented in the pictorial & graphical manner for better understanding.
Email: nitish.chauhan@kiet.edu
Pharmaceutical Regulatory Affairs: Open Access received 533 citations as per Google Scholar report
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