2019
DOI: 10.1002/bbb.2059
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Italy's nutraceutical industry: a process and bioeconomy perspective into a key area of the global economy

Abstract: Focusing on the development of Italy's nutraceutical industry, one of Europe's largest, this study offers a process and bioeconomy perspective that will be useful to countries willing to establish their own national dietary supplement industry as a key industrial asset in their economies. © 2019 Society of Chemical Industry and John Wiley & Sons, Ltd

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Cited by 10 publications
(5 citation statements)
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“…Considering the Italian scenario, about 32 million citizens use dietary supplements, and among these, 18 million use them on a regular (daily or weekly) basis. It has been estimated that Italy's nutraceutical market grew by 126% in the period between 2008 and 2018, during which revenues increased from EUR 1.3 billion to EUR 3.3 billion [24]. Dietary supplements for lipid control based on RYR represented the fourth most important class of nutraceuticals in terms of values during 2017-2018 after probiotics, mineral supplements, and multivitaminmultimineral supplements [24].…”
Section: Discussionmentioning
confidence: 99%
“…Considering the Italian scenario, about 32 million citizens use dietary supplements, and among these, 18 million use them on a regular (daily or weekly) basis. It has been estimated that Italy's nutraceutical market grew by 126% in the period between 2008 and 2018, during which revenues increased from EUR 1.3 billion to EUR 3.3 billion [24]. Dietary supplements for lipid control based on RYR represented the fourth most important class of nutraceuticals in terms of values during 2017-2018 after probiotics, mineral supplements, and multivitaminmultimineral supplements [24].…”
Section: Discussionmentioning
confidence: 99%
“…Finally, the global nutraceutical industry has experienced dramatic growth. Revenue of $231 billion in 2018 is projected to grow at a 7.8% compound annual growth rate from 2018 to 2023 [85]. The growth of Italy's nutraceuticals market, currently the largest in Europe, accompanied that of the rest of the world.…”
Section: Discussionmentioning
confidence: 99%
“…These strategies include loading vitamin E in nanovesicles, solid-lipid nanoparticles (SLNs) and nanostructured lipid carriers (NLCs), nanoemulsions and polymeric nanoparticles (Figure 5). Noting the absence of a shared definition of nutraceuticals, scholars have recently argued that 'the effective use of nutraceuticals in prevention and therapy' is limited by 'the lack of clinical data substantiating in full their efficacy which prevents the obtainment and use on the label of a health claim [85,86]. The industry, however, is aware of the need to support and promote an evidencebased approach.…”
Section: Nanoformulations and Substantiating The Health Benefitsmentioning
confidence: 99%
“…Limited consumer interest and acceptance may be a major stumbling block to the progress of a circular bio-economy [300,332]. Generating awareness among, disseminating information to, seeking consent and acceptance from and respecting the opinions of all the stakeholders, social groups and competent authorities involved, is of paramount importance, as Kokkinos et al After all, a circular bio-economy is a political (inter-governmental), industrial and societal initiative, necessitating, inter alia: & instillation of a flexible and encouraging organisational change culture in the value chains [211,225] & stronger private-public partnerships [323] & innovative approaches in addition to 'technology-push' traditional R&D or a piecemeal approach to different technologies [323] & willingness to establish bio-based industries to attain self-sufficiency in essential commodities (as exemplified for bio-nutraceuticals in Italy [268]) & collaborations between 'conventional and non-conventional entities' in the economy [322] among various disciplines in academic and industrial research [288] & rural recapitalisation and integration of marginalised communities [226] & robust institutional structures at local and regional levels [363] & systems thinking at all levels [364,365] & strong governance, an effective policy mix, appropriate legal framework conditions and innovative approaches [227,340,366] & a revamp of quality standards to accommodate recycled bio-products [166] & changes in entire systems through the joint efforts of researchers, technology centres, industries, the primary sector, new entrepreneurs, consumers, civil society and governments [140,291,324,325,330] & reimagination of cities which house over 50% of the global population, are centres of direct and indirect consumption of resources and are often vilified as exporters of ecological 'bads', as sites of bioeconomic value [367] It is here that post-modern technologies like cloud computing, social networks and big data promise to be useful enablers [301], while bioinformatics [368] and econometric models [241]…”
Section: Generalmentioning
confidence: 99%