IMPACT OF COVID ON NUTRACEUTICAL MARKET: A REVIEW OF RECENT CHANGES AND FUTURE ASPECTS
Avilash Kumar1, Rajshree Choudhary1, Archana1*, Dr.Vijay Singh2
ABSTRACT
Last year, where the world was busy in battling with various economic, religious and geopolitical issues, a virus came throughout the world and spread rapidly among the people and affect all the people continuously. This virus made us realize what really matters. This disease named SARSCOv-2(COVID-19). The WHO has declared this disease a pandemic. There is no effective treatment or vaccine available at that time and this situation has led to a global health emergency. Then,compelling evidence suggests that certain nutraceuticals and plant based compounds may potentially be used in the treatment of COVID-19. People all over the globe to place emphasis on preventive healthcare and highlighted the use of nutraceuticals as a preventive cure. Clinical research on nutraceutical product is going on for integrating and assessing information. India will be a strong market to grow for nutraceutical products as the players in the industry will be a combination of large multi-nationals global for nutraceutical is growing day by day and is expected to reach USD 722.49 billion by 2027 from USD 382.51 billion in 2020, at a CAGR of 8.3% during the forecast period 2020-2027.In India, nutraceuticals are expected to have a worldwide market share of at least 3.5% by 2023. Therefore, the aims of the present review article are two different ways:- First to high lighten the nutraceuticals and the their role in the treatment of Covid-19. Secondly the Global Nutraceutical market growth analysis report and their future impact.
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