10 Most Innovative Companies in the Neutraceutical Market
Given the lifestyle that we have had in the recent past and the way, we compromised our health is alarming. In addition, chemical fertilizers and hybrid food played havoc with our health. Fortunately, some entrepreneurs of the healthcare space came to our rescue with fortified food products and nutritional supplements.
These nutraceutical companies have been in existence for quite some time. But, their products were generally used as supplements recommended by a medical practitioner or for athletes.
All the vitamins and minerals that we got through a healthy, balanced diet now come in concise forms like pills, gels, gummies, syrups, powders, bars, drinks, and other fortified food items.
Realization dawned, albeit a bit late, but everyone is becoming increasingly health-conscious and is opting for supplements to boost their immunity and make up for the nutritional deficiencies.
Nutraceuticals improve and enhance lives, treating and preventing certain ailments or chronic diseases, delay the aging process, aid in weight loss, increase life expectancy, strengthen immunity and augment the body’s functioning.
It has become a ritual to improve dietary benefits and enhance immunity. These supplements contain vitamins, minerals, herbs, and amino acids mainly. Their therapeutic effects have made them a must-have on the kitchen shelves or the dining table.
Today, the nutraceutical market caters to all kinds of consumers — from athletes to patients, from children to teenagers to adults. Nutritional supplements fill the nutritional gaps in case of chronic diseases.
According to Grand View Research, Inc., the global dietary supplements market size is expected to reach USD 272.4 billion by 2028. It is likely to expand at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2028.
The COVID-19 pandemic further placed wellness and health as the most critical aspect of humankind. This also gave rise to cut-throat competition in the nutraceutical space, with many players entering the market and introducing new products to attract consumers. It called for innovations in the field, which are happening every day.
But choosing the best in the market can be an arduous task. Thus, in our latest edition of Insights Care — 10 Most Innovative Companies in Nutraceutical Market, we shortlisted some reliable ones. Enlighten yourself with this exciting edition.