The Global Nutraceutical Excipients Market size was at US$ 3.4 billion in 2022, and it is predicted that it will reach a valuation of US$ 4.9 billion by 2028 with an annual development rate (CAGR) of 7.3% between 2023 and 2028.
Nutraceutical refers to substances that use standard or pharmaceutical grade nutrients. The Nutraceutical Excipients market is growing rapidly due to demand from many regions of the world. They are most used as pharmaceutical formulations and food additives approved by the US FDA under the Food and Cosmetics Act. Nutraceutical excipients are bioactive compounds that are used to enhance the bioavailability of nutraceuticals. Excipients often have a role in medical formulations and help improve the drug's function in the recipient's body. Nutraceutical is a mixture of nutritional and pharmaceutical products. It is a food or part of a food that plays an important role in modifying and maintaining normal physiological functions that keep humans healthy. Excipients are inert pharmaceutical ingredients that are used in product formulations. It can perform a variety of functional functions in medicines. It is used in the manufacture of amino acid-based nutraceuticals and protein-based nutraceutical products. Nutraceutical products contain a variety of compounds that are unstable to light, heat, alkaline pH, oxygen, and high humidity. They can also have bulk density, poor flow, and variable particle size distribution. The properties of these unstable compounds are controlled by incorporating a variety of nutraceutical excipients such as diluents, fillers, binders, disintegrants, flavorings, coatings, sweeteners, colorants, lubricants, etc., while producing various types of supplements such as capsules, powders and tablets, and liquid syrup.
Increasing demand for nutraceuticals is supposed to continue to be a major driver of market boom in the coming years.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 – 2028 |
Base Year |
2022 |
Forecast Period |
2023 - 2028 |
CAGR |
7.3% |
Segments Covered |
By Form, End Product, Functionality and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
P&G Chemicals, DuPont, Huntsman Corporation, Eastman Chemical Corporation, ABF, Kerry Group plc, Ingredion, Roquette Freres, Hilmar Ingredients, Meggle, Sensient, Finar Limited, JRS Pharma and Others. |
The global nutraceutical excipients market is supposed to experience significant growth during the forecast period as health awareness increases around the world. Additionally, advances in nanotechnology that impart new functions to excipients are expected to have a significant impact on the nutraceutical excipients market. Excipient multifunctionality is predicted to be a new trend that could create untapped opportunities in the nutraceutical excipient market in the future. Increasing consumer awareness of health and fitness combined with the addition of nutraceuticals to the pharmaceutical and food and supplement industries and increasing disposable income in emerging countries are factors estimated to drive market growth of nutraceutical excipients in the coming years. It has also contributed to the growth of the market as the incidence of lifestyle-related diseases, such as heart disease, diabetes, and blood pressure, has increased. However, due to the busy lifestyle and increasing medical costs, the amount of nutrients consumed by the population is less than necessary. The low nutritional intake is due to the consumer's busy lifestyle and high medical costs. It also presents significant opportunities for a variety of pharmaceutical fields as technological advances for the development of functional foods increase. The expansion of the wellness industry is one of the key factors driving the growth of the global nutraceutical excipients market size. The high use of additives with multifunctional properties is seen as an emerging trend among key players, with increasing government initiatives and awareness campaigns creating new growth opportunities for nutraceutical excipients market growth. Increasing awareness of the health benefits of nutraceutical excipient products is estimated to drive growth in the nutraceutical excipients market demand. In addition, the development of multifunctional excipients to obtain the mixing benefits of massive receptors will support the growth of this market. In addition, technological innovations are being made to develop molecules that improve nutritional efficiency. The global nutraceutical excipients market is foreseen to grow as consumer awareness of disease prevention and control through the use of functional foods increases. Functional food innovation and new ingredients will drive the growth of this market in the future.
Declining returns on R&D investments and high registrations and clinical trials limit market growth prospects. Protecting the nutritional value of nutraceuticals are some of the key challenge’s players face. Also, the reduction in spending on research and development activities and the high costs associated with clinical trials are determined to slow the growth of this market in the coming years. Furthermore, the cost of demonstrating the effectiveness of an excipient through clinical trials is relatively expensive and can be a major obstacle to the development of these excipients.
By form, the nutraceutical excipients market is segmented into dry and liquid. The dry sector is estimated to occupy the majority of the market by 2020.
Based on the functionality, the binders registered the significant portion in 2019, trailed by fillers and thinners. Binders are increasingly used by manufacturers of dietary supplements, as these excipients are formulated to "bind" powders, granules and other dry ingredients to act as adhesives that give them the necessary mechanical strength.
By final product, the nutraceutical excipients market is segmented into Probiotics, Proteins and Amino Acids, Prebiotics and Vitamins. Probiotics are good yeast and bacteria that are beneficial to consumers because they improve digestion and intestinal health, improve immunity, increase nutrient absorption, and reduce the likelihood of food allergies.
Several operations have been stopped due to the coronavirus pandemic in F&B sector. The global market for nutraceutical excipients is increasingly affected by uncertainty around the world. The impact of COVID-19 mainly affects the supply chain of the final product and raw materials of global manufacturers. After food and beverages, the main application concentrates on dietary supplements after food and beverages, so the market is expected to slow down until local and national governments do not relax import and export regulations. In general, this market is dominated by global players who have manufacturing facilities in specific regions and operate in all countries.
The Asia Pacific region is likely to dominate the global nutraceutical excipients market with an increase in the population's disposable income and augmented demand for improved nutritional foods and beverages that will support the growth of this market. The Asia Pacific is estimated to be the fastest growing market, especially in countries such as India and China, due to the increasing health and nutrition development activity in the region. The huge population of the region is also determined to be a major factor in the growth of the market. The demand for fortified nutritional foods and beverages is increasing in the region. North America has had significant market share and is foreseen to grow with remodeling activities and changing trends in healthcare. North America is expected to occupy the second largest market share in the global nutraceutical excipients market due to the growing consumption of nutraceuticals and dietary supplements in the region. Consequently, these aspects are anticipated to fuel the demand in the global nutraceutical excipients business over the envisioned period.
Key Players in the Market:
Major Key Players in the Global Nutraceutical Excipients Market are
Frequently Asked Questions
By 2028, it is predicted that the global Nutraceutical Excipients market can reach a valuation of US$ 4.9 billion.
The global Nutraceutical Excipients market can expand with a CAGR of 7.3% during the forecast period.
P&G Chemicals, DuPont, Huntsman Corporation, Eastman Chemical Corporation, ABF, Kerry Group plc, Ingredion, Roquette Freres, Hilmar Ingredients and Others.
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