- Nutraceuticals market growth is anticipated to create new opportunities for companies that are already well-established in the industry
- Recently, Global Consortium announced the addition of a medical-grade nutraceutical division to its subsidiary, Infused Edibles
- The new nutraceutical formulas will be developed and tested at a California facility prior to hitting the market, with the first product expected to become available in June 2019
The global nutraceuticals market is anticipated to grow from $184.0 billion in 2015 to $302.3 billion in 2022, recording a CAGR of 7.04 percent for the period, according to an Allied Market Research report (http://nnw.fm/5ihTQ). According to industry forecasts, the market holds substantial potential for growth, and well-established players such as Global Consortium Inc. (OTC: GCGX) are positioned to make good use of such opportunities.
Global Consortium is currently working toward the establishment of its nutraceuticals line, with the first product anticipated to hit the market in June 2019. The company’s nutraceuticals division will operate under…
NOTE TO INVESTORS: The latest news and updates relating to GCGX are available in the company’s newsroom at http://nnw.fm/GCGX
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