Nutraceutical Market Achieves Remarkable Growth in India, Observes Workshop News Drum dated 16th June 2023

CMFRI, Library (2023) Nutraceutical Market Achieves Remarkable Growth in India, Observes Workshop News Drum dated 16th June 2023. News Drum.

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Abstract

A workshop on natural biopolymers has observed that the demand for nutraceutical products has increased in recent years, resulting in remarkable sector growth, with a compound annual growth of 20 percent over the past three years. This trend is driven by increasing health awareness among the public and a growing emphasis on preventive healthcare. Projections indicate that the nutraceutical market in India will expand from an estimated USD 4 billion to an impressive USD 18 billion by the end of 2025, according to experts. The workshop was organised by the ICAR-Central Marine Fisheries Research Institute (CMFRI) under the Scientific Social Responsibility (SSR) Policy at the institute.

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