| Global demand for nutraceuticals is estimated to reach US $5.5 billions by the end of 2010. Both China and India are the leading markets for nutraceuticals in the world. The United States of America is the chief consumer of nutraceuticals in the global market. Over 40 percent of Americans (i.e. around 100 million) make use of alternative medical therapies, out of which nutraceuticals occupy a considerable proportion. Presently, the size of nutraceuticals industry in the America is worth US $ 86 billion. Nutraceuticals are the food components made from herbal or botanical raw materials, which are used for preventing or treating different types of acute and chronic maladies. Also know as functional foods and phytochemicals, nutraceuticals are the bioactive chemical and natural compounds that have the medicinal properties to treat and cure number of disorders. Chitosan, whey protein, carotenoid, hyaluronic acid, chrondroitin sulfate, and glucosamine sulfate are some of the widely used nutraceuticals.