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Nutraceutical Excipients Market By Functionality (Binders, Fillers and diluents, Disintegrants, Coating agents, Flavoring agents, Lubricants, Other functionalities) By Form (Dry, Liquid) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The global Nutraceutical Excipients Market report explores the critical analysis of the Nutraceutical Excipients industry using key parameters. The report consists of investment strategies, the need for investments in the Nutraceutical Excipients industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Nutraceutical Excipients industry and how economic and non-economic barriers are helping the Nutraceutical Excipients market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments, and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Nutraceutical Excipients Market?

In 2021, the dry is the leading segment in the form. The dry form's appeal can be ascribed to its low cost and ease of use in various applications. An increase in demand for dry beverage mixes with added nutrients, particularly customized mixes, as well as consumer desire for fortified beverages, is driving market expansion in the dry segment.

In 2021, the binder segment led the Nutraceutical Excipients industry as a whole, and this trend was anticipated to remain for the entire projection period. Dietary supplement producers are widely using binders because these excipients act as an adhesive to "bind together" powders, granules, and other dry functionality to offer the necessary mechanical strength. Binders can also aid in adding volume to low-active dosage tablets, producing effective tablets containing the required actives by binding the constituents together.

In 2021, the probiotics sector dominated the Nutraceutical Excipients. Probiotics are yeast and good bacteria that benefit consumers by improving digestion and gut health, increasing immunity, increasing nutrient absorption, and decreasing the likelihood of food allergies. Probiotic products are available in various forms, including yogurt and drinks and supplement forms, such as tablets and capsules.

Which region dominated the Nutraceutical Excipients Market?

In 2021, North America was one of the major contributors to the global Nutraceutical Excipients market. Consumers' emphasis on nutrition and dietary supplements has spurred nutraceutical excipient companies to focus on innovative releases to meet demand in the food and beverage industry. The rising prevalence of lifestyle disorders such as obesity, diabetes, and others has increased prebiotic and probiotic use in the United States. This will open the potential for using nutraceutical excipients in the country's food sector. Consumers' emphasis on nutrition and dietary supplements has spurred nutraceutical excipient companies to focus on innovative releases to meet demand in the food and beverage industry. The rising prevalence of lifestyle disorders such as obesity, diabetes, and others has increased prebiotic and probiotic use in the United States. This will open up the potential for the use of nutraceutical excipients in the country's food sector.

What is the competitive environment of the Nutraceutical Excipients Market?

The competitive environment of the Nutraceutical Excipients industry provides information on total economic profit made by suppliers and businesses, sales and revenues generated in this sector, the Nutraceutical Excipients market share globally, the business organization overview, the introduction of new products, and opportunities for the industrial Nutraceutical Excipients market. For instance, On March 2020, Azelis Chemical Ltd agreed to buy it from CosBond (China), a specialty chemical and food ingredient wholesaler. With the knowledge of CosBond's existing network channel and reach, Azelis strengthened its distribution network in the Chinese market. On the other hand, IMCD announced an expansion of its collaboration with DuPont Health and Nutrition (US) on June 2020. This development will help both companies enhance their presence in Kenya, Uganda, and Egypt by providing a unified line of products to diverse industrial users.

Executive Summary

What is the Opportunity for the Nutraceutical Excipients Industry Market?

Multifunctional excipients are a type of excipient that includes both pre-processed and co-processed excipients that contribute functionality to the formulation. Silicified Micro-Crystalline Cellulose, for example, is a processed combination of MCC and colloidal silicon dioxide. These are flowability, compressibility, particle size distribution, form, and porosity. The term multifunctional excipient is also used to describe products that play multiple roles in formulating dietary supplements and functional food and beverage products. For example, Ludipress is a co-processed product that contains lactose, Kollidon, and Kollidon-CL and serves as a DC diluent with binder and disintegrate properties. The demand for excipients with increased functions in the nutraceutical business remains high, while the disadvantages of included excipients are minimized.

Excipient makers are largely focused on producing newer excipient blends to achieve multi functionalities and, as a result, to grow strategically because older excipients cannot solve all of the issues associated with nutraceutical formulations and active ingredient delivery. Thus, the multifunctionality of excipients aids in meeting rising demand among industry players by lowering the costs associated with producing a tailored excipient.

Which are the key investments by the players in the Nutraceutical Excipients Industry Market?

Nutraceutical Excipients systems have been used in various industries thanks to their exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player; for instance, DuPont has agreed to merge its Nutrition & Biosciences division with IFF (US). According to the development details, the combined firm is valued at USD 45.4 billion. DuPont controlled 55.4% of the shares, with IFF owning the remaining 44.6%, unanimously accepted. This advancement will likely aid the company in providing nutritional ingredients and solutions to global consumers.

Some of the major companies in the market are BASF SE (Germany), Cargill Inc (US), Seppic (France), Gattefosse (India), Omya (Switzerland), W.R. Grace & Co (US), IMCD (Netherlands), JRS Pharma (Germany), Jigs Chemical (India), Pioma Chemicals (India), Kerry Group PLC (Ireland), Sensient Technologies (US), Ingredion Plc (US), Roquette Freres (France), Associated British Foods (UK), Ashland Global Holdings Inc (US), Shin-Etsu Chemical Co Ltd (Japan), Meggle Group Wasser (Germany), Fuji Chemical Industries Co Ltd (Japan), Grain Processing Corp (US), Hilmar Ingredients (US), Pharmatrans Sanaq AG (Switzerland), Gangwal Chemicals Pvt Ltd (India), Innophos Holdings Inc (US), Pharma Line Int'l Corp (South Korea), Panchamrut Chemicals (India), Biogrund GmbH (Germany), Azelis Chemical Ltd (Europe), Daicel Group (Japan).

What is the Major Dynamic Factors for the Nutraceutical Excipients Market?

Advances in nanotechnology and medication delivery systems that solve drug toxicity issues are boosting industry growth. Increased R&D activity among manufacturers, as well as technological improvements, have enhanced medicine quality and bioavailability. The need for high-quality nutraceutical excipients has expanded significantly in industrialized economies. This has also prompted important players to follow new regulations and medication delivery systems to solve the issues associated with low drug solubility. The rise in demand for fortified food products, a growing emphasis on preventative care, and increased health consciousness among consumers, are also driving the growth of the nutraceutical excipient market.

What are the Major Risks for the Nutraceutical Excipients Market?

Excipients and nutraceutical goods are therapeutically and chemically developed, necessitating significant R&D investments, clinical trials, and authorization from various authorities in various countries/regions. Furthermore, producing such products is a lengthy process that comprises formulation, trial and testing, and market commercialization. Simultaneously, the danger of failure remains considerable. The cost of confirming an excipient's effectiveness through clinical studies is also rather high, which can be a major impediment to the market development of innovative excipients.

Which is the key End-Products in the Nutraceutical Excipients Market?

Probiotics dominated the Nutraceutical Excipients market in 2021. Probiotics are yeast and good bacteria that benefit consumers by improving digestion and gut health, increasing immunity, increasing nutrient absorption, and decreasing the likelihood of food allergies. Probiotic products are available in various forms, including yogurt and drinks and supplement forms, such as tablets and capsules. However, two major hurdles exist to developing a commercially successful probiotic composition. The first is the quality of health benefits that probiotic organisms can provide, and the second is the formulation's stability until its shelf life. Companies are concentrating on creating and marketing probiotic mix solutions, including APIs (Active Pharmaceutical Ingredients) incorporating probiotic formulations made with various excipients. Among the excipients utilized in these blends for probiotics production, mannitol was determined to be the most suited, assisting in enhancing end-product shelf life. Because of the global prevalence of lifestyle illnesses, probiotics are becoming increasingly popular nutritional supplements. Pre- and probiotics are being quickly embraced to suit the expanding nutritional demands of consumers. Consumers consider the negative health implications of inactive lifestyles when making dietary choices. The segment is predicted to rise rapidly in the next years as dietary supplements and extensive pre- and probiotic consumption become necessities.

How is the Nutraceutical Excipients Market performing in regions?

In 2021, the global Nutraceutical Excipients market was dominated by North America. Nutraceutical The market for nutraceutical excipients in this region is mature. Hence growth is limited compared to other regions. Other factors driving the growth of nutraceutical excipients in the North American region include consumers' busy lifestyles, the prevalence of chronic diseases as a result of hectic lifestyles, and an increase in consumer awareness of the health benefits of nutritional foods which has driven demand for functional food products. Furthermore, technical developments and new product introductions have made excipients available for a wide range of applications in the fortified food and beverage, dietary supplements, and nutraceuticals sectors, which is expected to fuel the region's market expansion. The increasing popularity of nutraceutical excipients in the North American region has increased the demand for functional food items. Consumers' busy lifestyles and increased consumer awareness of the health advantages of nutritional foods, especially food supplements, have been cited as causes of this growth. Furthermore, new product introductions and the application of technology have made excipients available for usage in novel and creative ways. According to the centers for disease control and prevention, obesity prevalence in the United States was 42.4% in 2018 and is predicted to climb due to the country's fast-paced lifestyle.

In 2018, Over 70 million adults in the United States were obese, and 99 million were overweight according to WHO. With a stronger focus on health and well-being, there is a greater demand for solid dosage forms such as tablets, capsules, and powder as dietary supplements in nutraceuticals for weight control and lowering the risk of heart disease. Obesity-related health risks such as cardiovascular disease, stroke, thyroid disease, and diabetes are rising, increasing the demand for dietary supplements. Nutraceutical excipients sales are increased due to rising health consciousness in the United States.

What is the regulatory landscape for the Nutraceutical Excipients Market?

The regulatory landscape for this industry is that probiotics across regions are exploring a tougher regulatory approach. For instance, Health Canada, identifies all excipients, including those that are not included in the final product (solvents and nitrogen). Health Canada states that, if an excipient is a Schedule B compendia monograph, it signifies that it has been tested following the standard standards, eliminating the need for paperwork. Suppose the excipient claim is a non-Schedule B compendia monograph, such as House standard, or involves tests in addition to those in Schedule B compendia monograph. In that case, a copy of the specification for the excipient should be submitted.

What is the Market Size of the Nutraceutical Excipients regarding value?

The global Nutraceutical Excipients Market is anticipated to grow at a substantial CAGR of 6.90% in the upcoming years.The global Nutraceutical Excipients industry was estimated to be worth USD 2052.5 million in 2021 and was expected to be worth USD 3063.01 million by 2028.

What are the major players planning for the future of the Nutraceutical Excipients Market?

Leading corporations used various methods, including new service launches, expansions and investments, acquisitions, and mergers. Top companies in the nutraceutical excipients market used partnerships and agreements as important strategies to stay competitive. During the study period, mergers and acquisitions accounted for over 45% of all strategic actions performed by the leading players in the nutraceutical excipients market, and adoption rose. The corporations implemented this approach in order to broaden their product offering and geographical presence in developing markets.

Segmentation of Global Nutraceutical Excipients Market-

Global Nutraceutical Excipients Market – By Functionality

  • Binders
  • Fillers and diluents
  • Disintegrants
  • Coating agents
  • Flavoring agents
  • Lubricants
  • Other functionalities

Global Nutraceutical Excipients Market – By Form

  • Dry
  • Liquid

Global Nutraceutical Excipients Market – By End product

  • Protein & amino acids
  • Omega-3 fatty acids
  • Vitamins
  • Minerals
  • Prebiotics
  • Probiotics
  • Other end products

Global Nutraceutical Excipients Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the Nutraceutical Excipients

The early stages of COVID-19 have harmed the industry. Manufacturers experienced business operations delays due to severe lockdowns and movement restrictions, reducing revenue growth.

North America held the largest market share for Nutraceutical Excipients.

The increased demand for fortified food products, as well as a growing emphasis on preventative care and consumer health consciousness, is driving the expansion of the nutraceutical excipient market.

Binder segment had a major share in 2021.

Probiotics segment had a major share in the global market in 2021.

Nutraceutical Excipients Market Scope

Report Attribute Details
Market Value in 2021 USD 2052.5 million
Market Value in 2028 USD 3063.01 million
CAGR 6.90%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Pharmaceuticals
Report ID:   60664
Report Format:   PDF
Pages:   140
Rating:    4.2 (50)
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