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Nutraceutical Excipients Market Trends, Top Companies, Share, Growth And Forecast 2033
Nutraceutical Excipients Market Trends
As per the report, the nutraceutical excipients market size has grown strongly in recent years. It will grow from $3.73 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The nutraceutical excipients market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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The Role Of Health And Wellness In Driving Growth In The Nutraceutical Excipients Market
The growing demand for health and wellness is expected to propel the growth of the nutraceutical excipients market going forward. Health and wellness encompass a holistic state of physical, mental, and social well-being, reflecting the harmonious balance of lifestyle choices, preventive measures, and positive behaviors that contribute to an individual's overall thriving and optimal quality of life. Nutraceutical excipients are essential components used to improve the bioavailability, stability, delivery, palatability, and regulatory compliance of nutraceutical products, ultimately enhancing their effectiveness in supporting overall health and wellness. For instance, in April 2021, according to a survey of 7,500 consumers by McKinsey & Company, a US-based management consulting company, around 79% of consumers think wellness is important, and 42% consider it a top priority. Further, around 37% of consumers were expected to spend more on wellness services in 2022. Therefore, the growing demand for health and wellness is driving the growth of the nutraceutical excipients market.
Innovative Nutraceutical Excipients Spearhead Market Advancements
Major companies operating in the nutraceutical excipients market are focusing on the development of innovative products such as Omyanutra 300 DC and Omyanutra 300 Flash to overcome processing challenges and improve the effectiveness of nutraceutical products. Omyanutra 300 DC and Omyanutra 300 Flash are innovative nutraceutical excipients based on functionalized calcium carbonate (FCC) and croscarmellose sodium and are free from nanoparticles, non-GMO, and made of high-purity minerals. For instance, in July 2021, Omya, a Switzerland-based chemical industry company, launched two new excipients for nutraceutical tablets called Omyanutra 300 DC and Omyanutra 300 Flash. These excipients were designed to overcome processing challenges for dietary supplements and nutraceutical tablets. Both excipients are made of high-purity, natural mineral material and are free from nanoparticles and GMOs. It improves supplement processing and responds to the demand for orally disintegrating tablets (ODTs) in the nutraceutical industry. Additionally, it offers better compatibility compared to benchmark excipients, allowing manufacturers to create hard tablets at low compression forces.
The nutraceutical excipients market covered in this report is segmented -
1) By Product Type: Fillers And Diluents, Binders, Disintegrants, Coating agent, Flavoring Agents, Lubricants
2) By Form: Dry, Liquid
3) By End Use: Protein And Amino Acids, Prebiotics and Probiotics, Vitamins, Other End Uses
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Major companies operating in the nutraceutical excipients market report are Cargill Incorporated, BASF SE, Air Liquide, CJ CheilJedang Corporation, Evonik Industries AG, Associated British Foods plc, Dow DuPont Inc. , International Flavors And Fragrances Inc, Conagra, Kerry Group plc, Ingredion, Givaudan, Lonza Group, Glanbia plc, Barilla Group , Sensient Technologies Corporation, Azelis Group, Hilmar Cheese Company Inc , Ashland Inc., Hawkins Inc., Innophos, SPI Pharma Inc., Nexira, Pfanstiehl Inc., Biogrund GmbH
Contents of the report:
1. Executive Summary
2. Nutraceutical Excipients Market Report Structure
3. Nutraceutical Excipients Market Trends And Strategies
4. Nutraceutical Excipients Market - Macro Economic Scenario
5. Nutraceutical Excipients Market Size And Growth
…..
27. Nutraceutical Excipients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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