The Nutraceutical Excipients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Nutraceutical Excipients Global Market Report 2024, 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%. The growth in the forecast period can be attributed to increasing awareness regarding nutraceutical applications, growing demand for functional foods, rising prevalence of chronic diseases, advancements in technology and product innovation, growing healthcare infrastructure and insurance coverage in developing countries. Major trends in the forecast period include clean label excipients, advanced delivery systems, customized excipient solutions, focus on sustainability.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Nutraceutical ExcipientsMarket Characteristics
3.Nutraceutical Excipients Market Trends And Strategies
4.Nutraceutical Excipients Market analysis
5.Nutraceutical Excipients Market Size And Growth
6.Nutraceutical Excipients Segmentation
7.Nutraceutical Excipients Regional And Country Analysis
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27.Nutraceutical Excipients Competitive Landscape And Company Profiles
28.Nutraceutical Excipients Key Mergers And Acquisitions
29.Nutraceutical Excipients Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cargill Incorporated
- BASF SE
- Air Liquide
- CJ CheilJedang Corporation
- Evonik Industries AG
- Associated British Foods plc
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