Nutraceutical Excipients Market Is Predicted To Witness A CAGR of 7.10% in Terms of Revenue By 2031 | FMI

Future Market Insights (FMI) projects stellar growth for the global nutraceutical excipients market ,forecasting it to reach a valuation of US$ 2186.2 Mn by 2021. Demand for nutraceutical excipients is expected to remain positive, increasing at a CAGR of 7.10% between 2021 and 2031. Rising prevalence of lifestyle disorders among geriatric population and increasing adoption of dry nutraceutical excipients among manufacturers have augmented the market growth.

Increasing use in pre & probiotics, omega 3 fatty acids, and ease in regulatory approval by international organizations such as the U.S. Food & Drug Administration are the key factors driving growth in the market.

The rising demand for dietary supplements and increasing cases of cardiovascular diseases across the U.S., Germany, Japan and the UK have boosted the adoption of dietary and nutritional food supplements.

Increasing demand for multi-functional excipients and adoption of oral solid drug formulation among key player for the manufacturing of dry nutraceutical excipients such as tablets, powder forms will continue, creating opportunities for growth.

Spurred by these factors, FMI projects nutraceutical excipients sales to surge at 7.10% CAGR during 2021 and 2031.

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Key Takeaways from FMI's Nutraceutical Excipients Market Study

In terms of product type, binders and fillers & diluents will remain the most sought after type of nutraceutical excipients

Dry nutraceutical excipients will account for over 3/5th of the global market demand over the forecast period

The U.S. will emerge as the most lucrative market backed by the rising prevalence of lifestyle disease among geriatric population

France and the U.K., collectively, will emerge as the most lucrative market across Europe in the upcoming decade

Japan is anticipated to emerge as a lucrative market backed by the high prevalence of cardiovascular disease and osteoarthritis among geriatric population

India is anticipated to register high demand over the forecast period owing to the rising government initiatives and high intake of dietary supplements

"Increasing research & development activities and fast-track regulatory framework have been creating opportunities for growth in the market. Overall, the focus on producing high quality nutraceutical excipients will remain top priority for the market players," says the FMI analyst.

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Competitive Landscape

Leading manufacturers of nutraceutical excipients are focusing on product development to gain competitive edge. They also are investing heavily in research & development activities to develop multi-functional excipients with advanced properties to improve the product efficiency. Besides this, they are adopting a slew of expansion strategies to strengthen their footprint worldwide.

For instance, on November 2020, IMCD, a leading global distributor of specialty chemicals and ingredients announced the acquisition of Signet Excipients Private Limited. IMCD will announce the complete acquisition of Signet by 2024 as currently it has acquired 70% of the company's share and will acquire 30% in 2024.

In 2019, Ropack Pharma Solutions announced the dry blending services for API's excipients as well as nutraceuticals catering to pharmaceuticals standards.

More Insights on the Global Nutraceuticals Excipients Market

Nutraceutical Excipients Market by Category

By Product Type:

Binder
MCC
HPMC
HPC
Disintegrants
Crosspovidone
Croscarmellose
Fillers & Diluents
Coating Agent
Flavoring Agent
Lubricants
Others

By End Use:

Protein and Amino Acids
Omega 3 Fatty Acids
Vitamins
Minerals
Prebiotics and Probiotics
Others

By Form:

Dry
Liquid

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

The report covers exhaustive analysis on:

What is the current nutraceutical excipients market value?
At what rate did the Nutraceutical excipients market grow between 2016 and 2020?
What are the key trends driving nutraceutical excipients sales?
Who are the leading players of nutraceutical excipients?
What is the demand outlook for North America Nutraceutical Excipients market?
What will be the demand outlook for Europe Nutraceutical Excipients market?
Who are the top countries leading the nutraceutical excipients market demand?
What is the current market share of South Korea and Japan in the global nutraceutical excipients market?

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.