Nutraceutical Excipients Global Market Report 2024

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 growth in the historic period can be attributed to several factors. Firstly, there has been an increasing demand for nutraceutical products. Secondly, there is a growing awareness of the health benefits of nutraceuticals among consumers. Thirdly, advancements in technology and product innovation have contributed to the growth. Additionally, the increasing healthcare costs and the need for preventative healthcare have also played a role. Finally, the growing aging population and the prevalence of chronic diseases have further fueled the growth of the nutraceutical industry.

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 is driven by several factors, including increasing awareness of nutraceutical applications, a growing demand for functional foods, the rising prevalence of chronic diseases, advancements in technology and product innovation, and the expansion of healthcare infrastructure and insurance coverage in developing countries. Major trends in the forecast period include the adoption of clean label excipients, advanced delivery systems, the development of customized excipient solutions, and a focus on sustainability.

The increasing emphasis on health and wellness is anticipated to drive the growth of the nutraceutical excipients market in the future. Health and wellness encompass a comprehensive state of physical, mental, and social well-being, reflecting a balanced lifestyle, preventive measures, and positive behaviors that contribute to an individual's overall thriving and optimal quality of life. Nutraceutical excipients play a crucial role in enhancing the bioavailability, stability, delivery, palatability, and regulatory compliance of nutraceutical products, thereby improving their effectiveness in supporting overall health and wellness. For example, a survey of 7,500 consumers conducted by McKinsey & Company in April 2021 revealed that approximately 79% of consumers consider wellness important, with 42% ranking it as a top priority. Moreover, around 37% of consumers were projected to increase their spending on wellness services in 2022. Consequently, the growing demand for health and wellness is fueling the expansion of the nutraceutical excipients market.

Major companies in the nutraceutical excipients market are focusing on developing innovative products, such as Omyanutra 300 DC and Omyanutra 300 Flash, to address processing challenges and enhance the effectiveness of nutraceutical products. These products, based on functionalized calcium carbonate (FCC) and croscarmellose sodium, are free from nanoparticles, non-GMO, and made of high-purity minerals. For example, Omya, a Switzerland-based chemical industry company, launched Omyanutra 300 DC and Omyanutra 300 Flash in July 2021. These excipients were specifically designed to tackle processing challenges in dietary supplements and nutraceutical tablets. They are made of high-purity, natural mineral material and offer better compatibility compared to benchmark excipients, enabling the creation of hard tablets at low compression forces. Additionally, these excipients cater to the increasing demand for orally disintegrating tablets (ODTs) in the nutraceutical industry, further enhancing supplement processing.

In September 2022, Roquette Freres, a French-based provider of pharmaceutical and nutraceutical excipients, acquired Crest Cellulose for an undisclosed amount. This acquisition is part of Roquette's strategy to enhance its plant-based excipient portfolio, particularly for the nutraceutical industry. Additionally, Roquette aims to strengthen its presence in the Asia-Pacific region, where Crest Cellulose is based. The acquisition aligns with Roquette's strong growth ambitions and its commitment to meeting the increasing demand for plant-based excipients. Crest Cellulose, an India-based manufacturer, specializes in pharmaceutical excipients.

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.

North America was the largest region in the nutraceutical excipients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceutical excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nutraceutical excipients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Nutraceutical excipients are inactive ingredients added to dietary supplements and functional foods to enhance their palatability, stability, bioavailability, and other properties, ensuring their quality and effectiveness.

The main types of nutraceutical excipients include fillers and diluents, binders, disintegrants, coating agents, flavoring agents, and lubricants. Fillers and diluents, for example, are commonly used to add bulk, improve processing, and ensure uniformity in the final product. These excipients come in dry and liquid forms and are utilized by various end users, including protein and amino acids, prebiotics and probiotics, vitamins, and others.

The nutraceutical excipients market research report is one of a series of new reports that provides nutraceutical excipients market statistics, including nutraceutical excipients industry global market size, regional shares, competitors with a nutraceutical excipients market share, detailed nutraceutical excipients market segments, market trends and opportunities, and any further data you may need to thrive in the nutraceutical excipients industry. This nutraceutical excipients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nutraceutical excipients market consists of sales of preservatives, solubilizers, emulsifiers, colorants, and antioxidants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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