This document provides an overview of nutraceuticals. It defines nutraceuticals as foods or food components that provide health benefits for preventing or treating disease. Key points include:
- Nutraceuticals can be classified based on food nutrients (e.g. antioxidants, probiotics) or chemical constituents.
- Probiotics are live microorganisms that confer health benefits when consumed. Prebiotics are non-digestible substances that promote probiotic growth.
- The Indian nutraceutical market is growing rapidly at 20% annually and is dominated by pharmaceutical and FMCG companies. Functional foods and beverages make up 68% of the market.
- Opportunities for growth