In 1989, Nutraceutical Industry was established by Mr. Stephen DeFelice and named Foundation for Innovation in Medicine and was defined Nutraceutical. Its term was used for dietary supplement, medical food, or food that has health or medical benefits, including the treatment and prevention of disease.
Today, it is a well known name and it will be difficult to name one Nutraceuticals without the other Functional foods. In 2002, functional food or the Nutraceutical Industry has become the most profitable, lucrative multi-billion (20.2 billion) dollars per year market, and it is still here to stay for a long time.
According to Business Communications report, Nutraceutical/Functional/Wellness Foods & Beverages (RGA-109R), the Functional Food or Nutraceutical industry could now approximately double in worth by 2007 with sales predictable to be further than 37.7 billion dollars. The explanation for this escalation is:
– Improved awareness in maintaining superior health.
– Improved information available regarding diet and health.
– Lack of health cover or inadequate funds for customers to use on fitness, health care, and...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
