Nutraceutical Excipients Market

Nutraceutical Excipients Market Share - Global Industry Landscape

The nutraceutical excipients market is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The nutraceutical excipients market are anticipated to witness significant growth in the coming years. This growth is expected to be driven by various factors such as increasing consumer awareness regarding health and wellness, rising demand for functional foods and dietary supplements, and advancements in the pharmaceutical industry.

One of the key drivers for the growth of the nutraceutical excipients market is the growing aging population globally, coupled with the rising prevalence of chronic diseases. As people become more health-conscious, there is a growing demand for nutraceutical products that offer health benefits beyond basic nutrition. Excipients play a crucial role in the formulation of these products, helping to enhance their stability, bioavailability, and overall effectiveness.

The nutraceutical excipients market is poised for substantial growth in the coming years, driven by several key factors:

  • Increasing Demand for Functional Foods and Dietary Supplements
  • Technological Advancements in Excipient Development
  • Rising Investments in Research and Development
  • Growing Regulatory Support
  • Expansion of Distribution Channels

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Increasing Demand for Functional Foods and Dietary Supplements:

  • Consumers are increasingly turning to functional foods and dietary supplements to meet their nutritional needs and maintain overall health. This growing demand is driving the need for innovative formulations, thereby boosting the demand for nutraceutical excipients.

Technological Advancements in Excipient Development:

  • Ongoing advancements in excipient technology are enabling the development of novel excipients with improved functionalities, such as better encapsulation techniques, controlled release mechanisms, and enhanced stability profiles. These technological innovations are expected to fuel market growth by offering solutions to formulation challenges and expanding the application scope of nutraceuticals.

Rising Investments in Research and Development:

  • Manufacturers in the nutraceutical industry are increasingly investing in research and development activities to introduce new and improved products that cater to evolving consumer preferences and health trends. This focus on innovation is driving the demand for specialized excipients tailored to specific formulation requirements, thereby stimulating market growth.

Growing Regulatory Support:

  • Regulatory agencies are playing a pivotal role in shaping the nutraceutical industry by establishing guidelines and standards to ensure product safety, efficacy, and quality. The presence of clear regulatory frameworks fosters consumer confidence and encourages market players to invest in product development and expansion, consequently driving growth in the nutraceutical excipients market.

Expansion of Distribution Channels:

  • The nutraceutical market is witnessing an expansion of distribution channels, including online retailing, specialty stores, pharmacies, and supermarkets, providing manufacturers with greater access to consumers. This broader reach is expected to facilitate market penetration and drive demand for nutraceutical excipients to support the production of diverse product formulations.

Nutraceutical Excipients Market Share - Global Industry Landscape

The nutraceutical excipients market is characterized by the presence of several key players competing for market share. Some of the leading companies in the nutraceutical excipients industry include:

  • Kerry Group plc (Ireland)
  • Ingredion (US)
  • BASF SE (Germany)
  • Roquette Frères (France)
  • MEGGLE GmbH & Co. KG (Germany)
  • Cargill, Incorporated (US)
  • Ashland (US)

Key players within this market consist of reputable and financially robust nutraceutical excipient manufacturers. These entities boast extensive industry tenure, offering diversified product portfolios, cutting-edge technologies, and robust global sales and marketing networks.

  • Roquette Frères: Roquette is a global leader in plant-based ingredients, providing excipients and solutions for the nutraceutical and pharmaceutical sectors.
  • BASF SE: Another major player in the nutraceutical excipients market, BASF SE offers a wide range of high-quality excipients designed to enhance the performance and stability of nutraceutical products.
  • Kerry Group: Known for its focus on taste and nutrition solutions, Kerry Group offers innovative excipients tailored to meet the specific needs of the nutraceutical industry.
  • Ashland Global Holdings Inc.: Ashland is a leading provider of specialty chemicals, including excipients for nutraceutical applications. The company's portfolio includes a variety of solutions aimed at improving the quality and efficacy of nutraceutical products.
  • Ingredion Incorporated: Ingredion specializes in ingredient solutions for various industries, including food, beverage, and nutrition. The company offers a range of excipients suitable for use in nutraceutical formulations.
  • Cargill, Incorporated: Cargill provides a variety of ingredients and excipients for the nutraceutical industry, leveraging its expertise in agriculture and food processing.
  • Meggle Group: Meggle offers excipients such as lactose and lactose derivatives for nutraceutical applications, including tableting and powder formulations.

These companies play vital roles in supplying high-quality excipients and ingredients that enable the formulation and production of various nutraceutical products, catering to the growing demand for functional and dietary supplements.

Related Reports:

Nutraceutical Excipients Market by Product Source (Organic Chemicals, Inorganic Chemicals), Functionality (Binders, Colorants, Flavors & Sweeteners), End Product, Formulation, Functionality Application and Region - Global Forecast to 2028

Nutraceutical Excipients Market Size,  Share & Growth Report
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FB 6004
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