Press release
Global Nutraceutical Excipient Market 2019: Comprehensive study by key players: Kerry, Inc., ABF, DuPont, Ingredion Incorporated, Sensient Technologies Corporation
Global Nutraceutical Excipient Market Share
Global Nutraceutical Excipient Market is expected to rise from its initial estimated value of USD 3.17 billion in 2018 to an estimated value of USD 5.75 million by 2026, registering a CAGR of 7.73% in the forecast period of 2019-2026. Increasing awareness of the health among consumer is the major factor for the growth of this market. Few of the major competitors currently working in the nutraceutical excipient market are Kerry, Inc., ABF, DuPont, Ingredion Incorporated, Sensient Technologies Corporation, Roquette Frčres, Meggle, JRS PHARMA, Innophos, Hilmar Ingredients, Cargill, Incorporated, IMCD, Galenova Inc., Kraeber & Co GmbH, E.I.D.- Parry (India) Limited, Shin- Etsu Chemical Co., Ltd., Colorcon, FINAR LIMITED.
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Key Developments in the Market:
o In March 2018, Amway announced the launch of the herbal nutraceutical brand named Nutrilite which have four products- nutrilite tulsi, nutrilite brahmi, nutrilite ashwagandha and nutrilite amalaki. This launch of organic and herbal products is expected to meet the growing demands for herbal products from the Indian region.
o In September 2018, CURE Pharmaceutical announced the launch of the sleep aid product which is powered by multi- layer oral thin film technology CUREfilm. They are combination of melatonin, amino- acid, b- caryophyllene and other vitamins, so that they can provide balanced sleep pattern.
Competitive Analysis:
Global nutraceutical excipient market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nutraceutical excipient market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Definition:
The word 'nutraceutical' is coined from nutritional and pharmaceutical, which is also called functional foods. They are majorly used as a dietary supplement. They also provide protection against chronic disease and are very good for spine and joint problems. There main purpose is that it gives extra nutrition. The nutraceutical are also used for fish oil, methionine, olive oil, undenatured type II collagen and various other botanical extracts.
Market Drivers:
o It maintains and formulates the biological process in the body.
o Advancement in the nanotechnology is also driving the market.
Market Restraints:
o Decline in the R&D investments is the major factor restraining the growth of this market.
o High cost of the clinical trial is another factor restraining the market growth.
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Global Nutraceutical Excipient Market Segmentation:
o By Type
o Fillers & Diluents
o Binders
o Coating Agents
o Disintegrants
o Lubricants
o Flavouring Agents
o By End Product
o Prebiotics
o Probiotics
o Proteins & Amino Acids
o Minerals
o Vitamins
o Omega- 3 Fatty Acids
o By Form
o Dry
o Liquid
o By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa
Key Insights in the report:
o Competitive analysis of key competitors involved in the market
o Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
o Market Drivers and Restraints analysis along with the analysis of the market structure
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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