1) Nutraceuticals originated from the terms "nutrition" and "pharmaceutical" and are foods or dietary components that provide health benefits beyond basic nutrition.
2) The global nutraceutical market was worth $162 billion in 2018 and is projected to reach $280 billion by 2025, growing at an annual rate of around 8%. The Indian nutraceutical market is also growing rapidly at a CAGR of 17.1%.
3) Nutraceuticals provide physiological benefits and help maintain good health. They are prepared from food or non-food sources and can be in various formats such as powders, tablets, liquids. Common categories of nutraceuticals include nutrients, herbals