Nutraceutical Excipients Market

Nutraceutical Excipients Market was valued at USD 2,100 Million in 2020 and projected to grow at 8.4% CAGR over the forecast period.

Introduction of the Nutraceuticals excipients Market Report

Nutraceuticals excipients are the inactive components made with active pharmaceutical ingredient (API) for the purpose of standardized and pharmaceutical grade supplements. These nutraceuticals excipients are extensively used in the nutritional, functional foods and pharmaceutical industry. These nutraceuticals provide protection against chronic disease, spine and joint problems. They are extensively consumed as extra nutrition by the athletes. The nutraceuticals are widely used in the manufacturing of olive oil, methionine, fish oil, denatured type II collagen and numerous other botanical extracts in the food & beverages industry.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global nutraceuticals excipients market include the rising demand health hygiene & fitness products such as probiotics, prebiotics, and dietary supplements with surge in the health consciousness among the people, growing healthcare spending and rising prevelence of the cardiovascular diseases. As nutraceuticals excipients such as minerals, dietary fibres, antioxidants, and vitamins are widely used by cardiovascular disease patients and in combination with physical exercise. For instance, according to the Institutes for Food Technologist Organizations in 2019, the fortified/functional food sale reached USD 267 Billion, and in the United States sales reached USD 63 Billion which is increasing at rapid pace owing to surge in the healthcare spending.

Further, increasing prevelence of the cardiovascular diseases such as diabetes, heart attack have impelled the demand for the nutraceuticals products demand due to its astounding benefits for the heart patients. For instance, according to the World Health Organization in 2019, globally about 463 Million people are living with diabetes and diabetes causes 1.6 Million deaths each year. Thus, such increase in the prevelence of the cardiovascular disease has witnessed potential demand for the growth of the global nutraceuticals excipients market over the forecast period.

Restraint in the Nutraceuticals excipients Market

However, high risk for getting returns on investment in research and developments and require cold storage facility for transportation which is costly affair that may hamper the market global nutraceutical excipients market growth.

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Functionality – Segment Analysis

Based on the functionality, flavouring agents expected to grow at the fastest rate in the global nutraceuticals excipients market during the forecast period in 2020, this is primarily attributed to increasing demand in the food and beverages industry due to rising investment by the leading players to expand the production capabilities of the food and beverage processing industry. For instance, 2021 Fitday Hyderabad-based Indian Nutraceutical startup and have planned to open 50 stores by 2023 pan-India and planned to investment of USD 8.13 Million to plant.

Products – Segment Analysis

Based on the products, vitamins segment is projected to have the largest market share over the forecast period in the global nutraceuticals excipients market in 2020, owing to rising demand for boosting immunity during the COVID-19 pandemic. Nutraceuticals based vitamin products help to heal wounds, and bolster immune system which ultimately help in combating COVID-19 infection disease.

Form – Segment Analysis

Based on the form, dry segment is projected to have the largest market share over the forecast period in the global nutraceuticals excipients market in 2020, owing to rising demand for the supplements powder among the people due to growing health hygiene and fitness trend with surge in healthcare spending. For instance, according to the Public Health Organization, global dietary supplements sale is increasing with more than USD 100 Billion annually. It created massive demand for the growth dry segmental growth.

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Regional – Segment Analysis:

Based on the region, North America region is dominated the global nutraceuticals excipients market in 2020 due to increasing in consumer spending on healthcare and fitness products with surge in the demand for the dietary supplements and rising prevelence of the cardiovascular diseases in this region. For instance, according to the Public Health Organization, the annual sale of the dietary supplements in the United States reached USD 12 Billion due to increasing health cautiousness and consumer spending on healthcare in this region.

Top Market Players

Various notable players operating in the market, include, Cargill, Kerry, Abf, Ingredion, Dupont, Sensient, Linde, Roquette Frères, Meggle, Innophos, JRS Pharma, Hilmar Ingredients., IMCD and among others. 

Key Developments:

• • In 2020, MEGGLE Excipients & Technology (MEGGLE) provider has developed and launched Reta M. It is the first hypromellose/mannitol-based, co-processed nutraceuticals excipients designed for direct compression (DC) and dry granulation formulations require for the pharmaceutical and nutraceuticals market.
  • In 2019, Innophos had launched multifunctional, Co-Processed Excipient A-Tab MD at CPhI Worldwide 2019. A-Tab MD helps in improving the manufacturing efficiencies for Pharmaceutical and Nutraceutical Tablet and Capsule Formulations due to rising demand of the consumer preference for smaller, more convenient tablet sizes.
  • In 2020, Primo Nutraceuticals Inc. has launched new product website for supporting the brand awareness initiative for the natural health & wellness market.

 Segments covered in the Report:

The global nutraceuticals excipients market has been segmented on the basis of functionality, product, form, distribution channel, and key regions. Based on functionality, the market is segmented into Flavoring agents, Lubricants, Disintegrates, Coating agents, Binders, and Fillers and Diluents. Based on the product, the global nutraceuticals excipients market is divided into prebiotics and probiotics, Minerals, Vitamins, and Omega-3 Fatty. 

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Key questions answered in this research report:

• • At what pace is global Nutraceuticals excipients market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Nutraceuticals excipients market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Nutraceuticals excipients market?
  • Which product generated maximum revenues in 2020 and identifies the most promising product during the forecast period?
  • What are the various functional areas of global nutraceuticals excipients market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Nutraceuticals excipients Market by Functionality

• • Flavouring agents
  • Lubricants
  • Disintegrates
  • Coating agents
  • Binders
  • Fillers and Diluents

Global Nutraceuticals excipients Market by Product

• • Prebiotics and Probiotics
  • Minerals
  • Vitamins
  • Omega-3 Fatty Acids

Global Nutraceuticals excipients Market by Form

• • Dry
  • Liquid

Global Nutraceuticals excipients Market by Region

• • North America Nutraceuticals excipients Market (Option 1: As a part of the free 25% customization)
    • North America Nutraceuticals excipients Market by Functionality
    • North America Nutraceuticals excipients Market by Product
    • North America Nutraceuticals excipients Market by Form
    • US Nutraceuticals excipients Market All-Up
    • Canada Nutraceuticals excipients Market All-Up
  • Europe Nutraceuticals excipients Market (Option 2: As a part of the free 25% customization)
    • Europe Nutraceuticals excipients Market by Functionality
    • Europe Nutraceuticals excipients Market by Product
    • Europe Nutraceuticals excipients Market by Form
    • UK Nutraceuticals excipients Market All-Up
    • Germany Nutraceuticals excipients Market All-Up
    • France Nutraceuticals excipients Market All-Up
    • Spain Nutraceuticals excipients Market All-Up
    • Rest of Europe Nutraceuticals excipients Market All-Up
  • Asia-Pacific Nutraceuticals excipients Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Nutraceuticals excipients Market by Functionality
    • Asia-Pacific Nutraceuticals excipients Market by Product
    • Asia-Pacific Nutraceuticals excipients Market by Form
    • China Nutraceuticals excipients Market All-Up
    • India Nutraceuticals excipients Market All-Up
    • Japan Nutraceuticals excipients Market All-Up
    • Rest of APAC Nutraceuticals excipients Market All-Up
  • RoW Nutraceuticals excipients Market (Option 4: As a part of the free 25% customization)
    • RoW Nutraceuticals excipients Market by Functionality
    • RoW Nutraceuticals excipients Market by Product
    • RoW Nutraceuticals excipients Market by Form
    • Brazil Nutraceuticals excipients Market All-Up
    • South Africa Nutraceuticals excipients Market All-Up
    • Saudi Arabia Nutraceuticals excipients Market All-Up
    • UAE Nutraceuticals excipients Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Nutraceuticals excipients Market All-Up

Major Players Operating in the Nutraceuticals excipients (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill
  • Kerry
  • Abf Solutions
  • Ingredion
  • Dupont
  • Sensient
  • Linde
  • Roquette Frères
  • Meggle
  • Innophos
  • JRS Pharma
  • Hilmar Ingredients
  • IMCD