Nutraceutical Excipients Market Type, Share, Size, Analysis, Trends, Demand and Outlook 2032

Nutraceutical Excipients Market size was valued at USD 3.22 Billion in 2020 and is projected to reach USD 5.53 Billion by 2028, growing at a CAGR of 7.01% from 2021 to 2028.

The growing requirement to stabilise the physicochemical properties of nutraceuticals due to their unstable nature, combined with increased demand for multipurpose excipients, will drive market expansion over the forecast period. The Global Nutraceutical Excipients Market research offers a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Nutraceutical Excipients are inactive components that are synthesised with Active Pharmaceutical agents (API) for the purpose of bulking up solutions containing potent active agents. These nutraceutical excipients are used in pharmaceutical-grade and standardised supplements. Nutraceuticals are foods or fortified foods obtained from food sources that not only enhance the diet but also give extra health advantages in addition to the basic nutritional content of meals. Nutraceuticals are also known as medicinal foods, functional foods, designer foods, and so on. They also contribute to the provision of medical benefits and the treatment or prevention of diseases, resulting in better health conditions.

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Nutraceutical products contain a variety of chemicals that are sensitive to heat, light, oxygen, alkaline pH, and high humidity. They may also exhibit poor flow, high bulk density, and a variable particle size distribution. This unstable nature of compounds is controlled by incorporating various nutraceutical excipients such as fillers, diluents, disintegrates, binders, coating agents, flavouring agents, colourants, sweeteners, lubricants, and others during the production of various supplement forms such as tablets, capsules, powders, and liquid syrups. There are several types of nutraceutical goods available on the market, such as antioxidants, probiotics, prebiotics, nutritional supplements, and others, which have been shown to be useful for cardiovascular disorders when combined with physical exercise.

Global Nutraceutical Excipients Market Overview

The growing requirement to stabilise the physiochemical properties of nutraceuticals due to their unstable nature, combined with increased demand for multipurpose excipients, will drive market expansion over the forecast period. Poor physicochemical qualities of drugs can be enhanced by combining them with a medicinal carrier. A drug delivery system (DDS) can improve the pharmacokinetics and cellular penetration of a medication. Furthermore, the drug delivery system (DDS) may address issues such as limited drug solubility, degradation, rapid clearance rates, nonspecific toxicity, and failure to traverse biological barriers.

Furthermore, advancements in nanotechnology are propelling the market. To address the issue of drug toxicity, nanotechnology-enabled drug delivery systems (NDDS) are deployed. To use nanotechnology as a drug delivery system (DDS), there are two basic approaches. The first strategy is to lower the size of nutraceutical medicine crystals to improve solubility and bioavailability, while the second is to use some type of nano-carrier for optimal active ingredient delivery. As a result, the usage of nanotechnology to improve the functions of excipients is expected to propel the Nutraceutical Excipients Market during the forecast period.

However, declining R&D investment returns and costly clinical trials and registration costs limit market growth potential. High R&D investments do not provide equivalent productivity returns since, even after successful compound discovery, the cost of bringing a new nutraceutical product and a new excipient to market is significant. Simultaneously, the danger of failure remains considerable. The cost of confirming an excipient's effectiveness through clinical studies is also rather high, which can be a major impediment to the market development of innovative excipients.

Market Segmentation:

The nutraceutical excipients market can be segmented based on type, form, application, and geography.

By Type: a. Fillers & Diluents b. Binders c. Disintegrants d. Coatings e. Flavoring agents f. Lubricants g. Others
By Form: a. Dry b. Liquid
By Application: a. Probiotics b. Prebiotics c. Proteins & Amino Acids d. Vitamins & Minerals e. Omega-3 Fatty Acids f. Others
By Geography: a. North America b. Europe c. Asia Pacific d. Latin America e. Middle East & Africa
Overall, the fillers & diluents segment is the largest in terms of revenue in the nutraceutical excipients market, due to its extensive use in the manufacturing of dietary supplements and functional foods. The vitamins & minerals segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for these nutrients in the prevention and management of chronic diseases.

In terms of form, the dry segment is larger than the liquid segment, due to its ease of handling, longer shelf life, and cost-effectiveness. The probiotics application segment is the largest in terms of revenue, driven by the increasing demand for probiotic supplements and functional foods for gut health.

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Geographically, North America and Europe are the largest markets for nutraceutical excipients, due to the well-developed nutraceutical industry and the high demand for dietary supplements and functional foods. However, the Asia Pacific region is expected to grow at the highest CAGR, driven by the increasing population, rising disposable incomes, and growing demand for preventive healthcare.

Competitive Landscape:

Some of the key players operating in the global nutraceutical excipients market include:

Cargill, Incorporated
Ingredion Incorporated
Roquette Freres
Kerry Group
Sensient Technologies Corporation
DuPont de Nemours, Inc.
BASF SE
Ashland Global Holdings Inc.
Archer Daniels Midland Company
IMCD Group
These companies are focusing on various growth strategies such as mergers & acquisitions, partnerships, and collaborations to strengthen their market position and expand their product portfolio. They are also investing in research and development activities to develop innovative and effective nutraceutical excipients to meet the changing needs of the consumers. The market is highly competitive and fragmented, with a large number of small and large players operating in the market.

Global Nutraceutical Excipients Market: Regional Analysis
The countries covered in the regional analysis of the Global Nutraceutical Excipients market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Nutraceutical Excipients market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Nutraceutical Excipients would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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