Deep Dive into the Remarkable Rise of India's Nutraceuticals Market
Nutraceuticals products market in India is projected to reach a value of $18 million by 2025, driven by a significant surge in demand and a remarkable compound annual growth rate of 20 percent over the past three years, as stated by experts specializing in natural biopolymers. This trend is driven by increasing health awareness among the public and a growing emphasis on preventive healthcare.
Thriving Growth: Unveiling Nutraceuticals' Potential
Projections indicate that the nutraceutical market in India will expand from an estimated $4 billion to an impressive $18 billion by the end of 2025, the experts said at a workshop organized by the ICAR-Central Marine Fisheries Research Institute (CMFRI) under the Scientific Social Responsibility (SSR) Policy at the institute.
They said the increasing demand for nutraceutical products is an indication of the need to utilize untapped natural resources.
‘Experts specializing in natural biopolymers have revealed that the nutraceuticals products market in India has witnessed a significant upswing in demand, leading to a remarkable compound annual growth rate of 20 percent over the past three years. # Nutraceuticals, Nutraceuticals Market, #India ’
CMFRI Director Dr. A. Gopalakrishnan stressed the urgent need to explore marine organisms to unearth novel bioactive compounds capable of addressing unmet medical needs and propelling the frontiers of healthcare.
"CMFRI's nutraceutical products from the seaweeds to treat various lifestyle diseases such as diabetes, obesity, arthritis, hypertension, and thyroid have received an overwhelming response from the public. The institute will continue to explore the medicinal prospects of such marine organisms," he said.
He also pointed out that efforts are required to tap the immense potential of natural resources like marine organisms for the development of innovative pharmaceutical products.
A Closer Look at the Compound Annual Growth Rate
The workshop was aimed at sharing the latest information and technologies related to the isolation, characterization, and development of natural biopolymers with pharmaceutical applications.Principal Scientist, Dr. Kajal Chakraborty, said the development of value-added products from marine organisms such as seaweeds not only provides health benefits to consumers but also creates opportunities for the downstream value chain.
"Natural biopolymers such as proteins, polysaccharides, and nucleic acids hold great promise in the field of medicine," she said.
Source: IANS