Expert Talk VI-“Nutraceuticals: The Real Medicine” | June 12th 2021

Saturday, June 12th 2021:  An expert talk was given by Mr. Dhiraj Kumar Nanda, Director, Business Development, Nutrilife India Pvt. Ltd. He defined Nutraceutical as: a food or part of food or nutrient that provides health benefits including the prevention and treatment of disease. He told that globally as well as in India, there has been a shift in the minds of consumers from sickness towards wellness. This shift has been driven by affluence, changing lifestyle, increasing awareness and also partly by the increasing cost of sick care. He   also briefed that India's nutraceutical industry is expected to hold at least 3.5 percent of global market share by 2023. The nutraceuticals market in India is expected to grow from an estimated $4 billion to $18 billion by the end of 2025. Currently, the Indian market imports US$ 2.7 billion worth of nutraceuticals. He also emphasized the role of Immunity in fighting with COVID and how this can be achieved through nutraceuticals.