Nutraceuticals, which are used as food products, can be classified as dietary fibre, prebiotics, probiotics, polyunsaturated fatty acids, antioxidants, and other types of herbal or natural foods. Are you searching for a secure and low-cost nutraceuticals merchant account? This article is here to help you with all this.
What You Should Know About Nutraceuticals
The term nutraceuticals describes any product derived from food sources offering both extra health benefits and the main nutritional value found in foods. This term stems from the words “nutrition” and “pharmaceutical.” The man behind this term is Stephen De Felice, founder and chairman of the Foundation for Innovation in Medicine (FIM), Cranford, NJ (1989).
Let’s draw a parallel between nutraceuticals and dietary supplements to get a better image of these products. So, dietary supplements look like drugs. They’re made from food, isolated nutrients, or food-like substances. The nutraceuticals’ sector of dietary supplements represents those supplements that are made only from whole foods to boost health.
What about pharmaceuticals? Let’s do another comparison. Pharmaceuticals stem from clinical trials that serve the purpose of treating specific diseases. In comparison, nutraceuticals are food-based substances that often originate from Eastern herb and medicine formulations aimed at preventing and treating diseases.
Nutraceuticals Industry: Nutraceuticals Merchant Account
Nutraceuticals represent a new class of natural products that eliminate the wall between food and drugs. The reason why these products have been gaining traction worldwide is that people now pay more attention to their health.
The nutraceutical industry includes three main segments: functional foods, dietary supplements, and herbal or natural products. According to Allied Market Research, the- value of the global Nutraceuticals market was $413 billion in 2020. It’s further projected to grow to $650.5 billion by 2030.
Nutraceuticals are growing in importance worldwide as they get more included in consumers’ daily diets. North America tops the list of regions with the most interested consumers. Next, come Japan and China. Together, they represent nearly 78% of the total market in the Asia Pacific region.
If you’re a merchant interested in a secure and cheap nutraceutical merchant account, make sure to work with a reputable merchant services provider that knows the nuances associated with the industry.
To find one, you can turn to a true payments comparison expert that can help you find the best deal. Make sure to apply to an expert that’s concentrated on terms, complaints, and integration of payment processing companies.
Nutraceuticals and Their Industry
Nutraceuticals are used as food products and are derived from food sources. These supplements are becoming more popular worldwide. To get access to safe and cheap nutraceuticals merchant services, work with a respected payments comparison company.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of nutraceuticals merchant account providers. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.