The research report with top-level information is a key benefit that provides qualitative and quantitative factors of the Nutraceutical Excipients Market. In this research survey, the features that have powered and reserved the market’s growth is also included in this market report. The research outline also contains the primary industry’s pattern and the international market’s projected volume based on the provincial estimation. Moreover, it also, gives details of a portion of the complete industry, new turns of events, and the effect of domestic and constrained market players, examinations openings as far as arising income pockets, changes in market strategies, product confirmations, key choices, product dispatches, landscape extensions, and mechanical developments and possessions in the market.
Market Overview
The global Nutraceutical Excipients Market size is projected to reach a CAGR of 7.3% from 2023-2030.
The word ‘nutraceutical’ is derived from nutritional and pharmaceutical which are also known as functional foods. They are generally utilized as a dietary supplement. They are known to provide protection against chronic disease and are beneficial for spine and joint problems. They are extensively consumed for extra nutrition. The nutraceutical is also used for methionine, olive oil, fish oil, denatured type II collagen and numerous other botanical extracts.
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The rise in demand for fortified food products, increase in health consciousness among consumers and growing emphasis on preventive care is encouraging investments in products or solutions are the major factors driving the growth of the nutraceutical excipient market. The rise in the incidences of chronic diseases among consumers, deficiency of nutrition and growth in awareness regarding diseases and preventive care among the population accelerates the nutraceutical excipient market growth. The advancements in nanotechnology equipped with new features, the introduction of mandates on food fortification by government organizations and the rise in awareness regarding the health benefits of nutraceutical excipients further influence the nutraceutical excipient market. Additionally, increasing focus on preventive healthcare, change in consumer lifestyle, increase in disposable income, growth in food processing applications and surging healthcare expenditure positively affect the nutraceutical excipient market. Furthermore, the high use of excipients with multifunctional properties extends profitable opportunities to the nutraceutical excipient market players in the forecast period.
On the other hand, a decrease in returns on research and development investments and high costs associated with the clinical trials and registration are the factors expected to obstruct the nutraceutical excipient market growth. Consumer scepticism associated with nutraceutical products due to rural and semi-urban consumer perceptions on dietary is projected to challenge the nutraceutical excipient market in the forecast period.
Delvens Industry Expert's Standpoint
The nutraceutical excipients market is poised for significant growth in the coming years, driven by the increasing demand for nutraceutical products and the development of new excipient technologies. As consumers become more health conscious, they are turning to nutraceuticals as a way to supplement their diets and improve their overall health and wellness. The use of nutraceutical excipients is critical in the formulation of these products, allowing for improved stability, bioavailability, and other key properties.
The nutraceutical excipients market is also being driven by the development of new excipient technologies, such as nanotechnology and microencapsulation, which offer improved performance and functionality. These technologies are helping to address some of the key challenges in the development of nutraceutical products, such as poor solubility and stability.
Key Findings
• The form segment is further bifurcated into Dry and Liquid. The dry segment is estimated to account for the largest share of the market. The popularity of the dry form can be attributed to its cost-effectiveness and convenience in multiple applications. An increase in demand for dry beverage mixes with additional nutrients, including customized mixes and consumer preference for fortified beverages are fuelling the growth of the dry segment in the market.
• The functionality segment is further fragmented into Binders, Fillers, diluents, Disintegrants, Coating agents, Flavouring agents, Lubricants, and other functionalities. The binders segment is estimated to account for the largest share of the nutraceutical excipients market. The binder is increasingly being used by dietary supplement manufacturers since these excipients are formulated to act as an adhesive to “bind together” powders, granules, and other dry ingredients to impart the required mechanical strength. Binders can also help in adding volume to low-active dose tablets, resulting in producing effective tablets with appropriate actives by holding the ingredients together. In addition, some binders also act as fillers and diluents in an array of application products, namely magnesium stearate, which is used widely as a food and supplement additive. Due to factors such as versatility and vital importance in gaining product efficiency, binders are gaining traction and are witnessing a rise in consumption as an excipient in the nutraceutical industry.
• The end-user segment is further fragmented into Protein & amino acids, Omega-3 fatty acids, Vitamins, Minerals, Prebiotics, Probiotics, and other end products. The probiotics segment held the largest share of the market and is anticipated to maintain its dominance during the forecast period. Probiotics are yeast and good bacteria that are beneficial for consumers, as they enhance digestion and gut health, improve immunity, increase nutrient absorption, and lower the chances of food allergies. Probiotic products are offered in different forms, including yoghurt and drinks, and supplement forms such as tablets and capsules.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America dominated the global nutraceutical excipients market with the largest revenue share. The market in North America is dominating, owing to the concentration of global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in the North American region include the busy lifestyle of consumers, the prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products.
Regional Analysis
North America to Dominate the Market
• The market in North America is dominating, owing to the concentration of global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US).
• The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in the North American region include the busy lifestyle of consumers, the prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products.
Competitive Landscape
• Sensient Technologies Corporation
• Roquette Frères
• Meggle
• JRS PHARMA
• Innophos
• Hilmar Ingredients
• Cargill
• Incorporated
• IMCD
• Galenova Inc.
• Kerry, Inc.
• ABF
• DuPont
• Ingredion Incorporated
• Kraeber & Co GmbH, E.I.D.- Parry (India) Limited
• Shin- Etsu Chemical Co., Ltd.
• Colorcon
• FINAR LIMITED
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Recent Developments
• In February 2021, Innophos, a leading international producer of excipients for the pharma and dietary supplement industries, announced the launch of multifunctional excipients in nutraceutical and dietary supplements, A-TAB® MD and NUTRA-TAB® CPMEs designed to help the manufacturers, focusing on the use of co-processed multifunctional excipients (CPMEs) to simplify labels, enhance compressibility, reduce tablet size, and increase manufacturing efficiency.
• In April 2021, DFE Pharma, a leading player in pharmaceutical excipient solutions announced the launch of its new product line ‘BioHale’, to cater for the worldwide demand of biopharmaceutical companies.
Reasons to Acquire
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
• Gain authentic and granular data access for Nutraceutical Excipients Market so as to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Table of Contents
Nutraceutical Excipients Market is segmented into various segments such as functionality, form, end product, and region:
On the basis of functionality
• Binders
• Fillers and diluents
• Disintegrants
• Coating agents
• Flavouring agents
• Lubricants
• Other functionalities
On the basis of the form
• Dry
• Liquid
On the basis of the end product
• Protein & amino acids
• Omega-3 fatty acids
• Vitamins
• Minerals
• Prebiotics
• Probiotics
• Other end products
On the basis of region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
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