Nutraceutical Excipients Market Analysis, Growth and Industry Report 2023-2030

Nutraceutical Excipients Market Size
The global nutraceutical excipients market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 7.45% during the forecast period (2023-2030).

Nutraceutical excipients play a crucial role as inactive components in formulating solutions with active pharmaceutical ingredients (API) for nutritional supplements. These excipients are employed in the production of standardized and pharmaceutical-grade supplements.

The term "nutraceutical" refers to food or fortified food derived from food sources that not only supplement the diet but also provide additional health benefits beyond basic nutrition. Other names for nutraceuticals include "medical foods," "functional foods," and "designer foods." These products offer medical benefits and contribute to treating or preventing diseases, thereby promoting improved health conditions.

Nutraceutical products often contain various compounds that are sensitive to factors like heat, light, oxygen, alkaline pH, and elevated humidity. Additionally, they may exhibit poor flow, low bulk density, and variable particle size distribution. To address these challenges and stabilize the compounds, nutraceutical excipients are incorporated during the production of supplements such as tablets, capsules, powders, and liquid syrups. These excipients encompass fillers, diluents, disintegrants, binders, coating agents, flavoring agents, colorants, sweeteners, and lubricants.

The demand for nutraceutical excipients is driven by several factors. The increasing application of prebiotics and probiotics, along with the rising prevalence of lifestyle diseases globally, contributes to the growing demand for these excipients. The expanding geriatric population, coupled with an increase in cases of osteoporosis and cardiovascular diseases, has led to greater adoption of nutritional foods and dietary supplements. Additionally, the rapid adoption of dry nutraceutical excipients to address prevalent conditions like osteoarthritis, diabetes, thyroid disease, and obesity is expected to further boost market demand. Overall, nutraceutical excipients play a vital role in the formulation of health-promoting supplements and contribute to the evolving landscape of nutritional products.

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Market Trends

The nutraceutical excipients market is experiencing growth, driven by the rising demand for nutraceuticals, which are products that serve both nutritional and medicinal purposes. Nutraceuticals are substances with physiological benefits or protective properties against chronic diseases. They have gained attention for their potential to contribute to well-being, slow down aging, prevent chronic diseases, extend life expectancy, and support the body's structure or functions.

Probiotics, a type of nutraceutical containing yeast and beneficial bacteria, offer advantages such as improved digestion, gut health, immunity, and nutrient absorption. Probiotic products are available in various formats, including yogurt, beverages, and dietary supplements in tablets and capsules.

The market is characterized by innovations and product launches to meet the growing demand for nutraceuticals. For example, DFE Pharma, a leading player in pharmaceutical excipient solutions, introduced the "BioHale" product line in response to the global demand from biopharmaceutical companies.

However, certain challenges hinder the growth prospects of the nutraceutical excipients market. The decrease in returns on research and development (R&D) investments, high clinical trials and registration costs, and the risk of failure in bringing new products to market pose significant challenges. The high cost associated with proving the effectiveness of an excipient through clinical trials can be a major obstacle to the development of novel excipients in the market. Despite these challenges, the increasing demand for nutraceuticals is expected to drive the nutraceutical excipients market forward.

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Market Segmentation

By Type
Flavoring Agents
Lubricants
Disintegrates
Coating Agents
Binders
Fillers & Diluents
Others

By Form
Dry
Wet

By End Product
Prebiotics and Probiotics
Proteins/Amino Acids
Minerals
Vitamins
Omega 3 Fatty Acids

Market Key Players
Major players are DuPont, BASF SE, Kerry Group PLC, Ingredion Plc, Sensient Technologies, Associated British Foods, Roquette Freres, Meggle Group Wasser, Cargill Inc., and Ashland Global Holdings Inc.

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