Nutraceuticals are the combination of Nutrition and Pharmaceuticals and refer to the
‘food’ possessing pharmaceutical properties. They are classified into traditional (herbals, phytochemicals,
probiotic, prebiotic) and non-traditional (fortified and recombinant) categories; nutraceuticals
are mainly intended for preventing and treating diseases. Nutraceuticals possess several therapeutic
activities, which can be exploited to treat disorders like cardiovascular, diabetes, cancer, inflammations,
Alzheimer’s disease and Parkinson’s disease. Nutraceuticals are mainly obtained
from natural sources, hence they are comparatively safer and cheaper alternatives than pharmaceuticals,
which leads to tremendous growth and flourishing markets for these kind of products. The
main objective of this review is to determine the advancement made in the field of nutraceuticals
and their potential as pharmaceutical alternatives. This article focuses on the present and past market
scenario of nutraceuticals, their therapeutic effects and advantages over pharmaceuticals products.
Secondly, with the advancement of novel drug delivery systems, the drawbacks of nutraceuticals
have been resolved, and efficacy has been improved, which resulted in gaining the interests of
scientists and researchers in this field for further improvement. Thus, we can expect the lucrative
market of nutraceuticals in the upcoming days. It is clear that nutraceuticals have great potential to
replace pharmaceuticals and serve the wellbeing of mankind.