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 medical prescription.

- An increasing number of individuals who are aging and concerned to live a more fit and healthy way of life.

Presenting health issues also control the marketplace. Customers are concerned in weight loss and weight managing, bone density, heart disease, diabetes, cancer etc., how to recover or prevent these diseases and then lead more nourishing and wholesome lives.

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