The Global Nutraceuticals Market valued at US$ 416 billion (2021) is expected to witness a growth rate of 8-9% in the next five years. Some of the main factors propelling the global nutraceuticals market include sedentary lifestyle and an ageing population, health consciousness and awareness lead the need for dietary and food supplements, venturing of pharmaceutical & food companies into the market, growing applications of functional foods & beverages, rising affluence, and growing spending on health-related products.