Global Nutraceutical Excipient Market

Global Nutraceutical Excipient Market Size, Share, Growth Analysis, By Functionality(Fillers & Diluents, Binders), By Form(Dry, Liquid), By End Use(Prebiotics, Probiotics) - Industry Forecast 2022-2028


Report ID: SQSG35I2043 | Region: Global | Published Date: December, 2022 | Pages: 157

Global Nutraceutical Excipient Market Insights

Global Nutraceutical Excipient Market was valued at USD 3.7 billion in 2021, and it is expected to reach a value of USD 6.04 billion by 2028, at a CAGR of more than 7.25% over the forecast period (2022-2028).

Nutraceuticals are products that have both nutritional and medicinal benefits. A nutraceutical product is a chemical that has physiological advantages or provides defence against chronic illness. Excipients are inert chemicals that are included with active medicinal components to thicken solution that contain powerful active compounds in nutraceuticals. These nutraceutical excipients are used in pharmaceutical-grade, standardized supplements.

In the presence of heat, light, oxygen, and high humidity, a number of compounds included in nutritional supplements become unstable. Additionally, they may have a varying particle size distribution, poor flow, and a high bulk density. Nutraceuticals can be used to improve health, delay the onset of chronic illnesses, prolong life expectancy, or support the structure or functioning of the body. There are many different kinds of nutraceutical goods on the market, such as antioxidants, probiotics, prebiotics, nutritional supplements, and others. These things have been demonstrated to help prevent certain ailments when used in conjunction with exercise. The projection period has lucrative prospects for the participants in the nutraceutical excipient market due to the increased use of excipients with multifunctional capabilities.

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Global Nutraceutical Excipient Market Segmental Analysis

Global Nutraceutical Excipient Market is segmented based on the functionality, form, end use, and region. Based on functionality, the market is segmented into fillers & diluents, binders, coating agents, disintegrants, lubricants, flavouring agents. According to form type, the market is bifurcated into dry and liquid. On the basis of end use, it is categorized into prebiotics, probiotics, proteins & amino acids, minerals, vitamins, omega- 3 fatty acids. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Functionality

The binder segment accounted for the highest market share in 2021. Excipients that act as binders, such those found in tablets, keep the components of a formulation together. With the use of binders, the required mechanical strength may be achieved in the production of tablets, powders, granules, and other goods. By binding the contents together, binders can also assist in adding volume to low-active dosage tablets, generating effective tablets with the right active ingredients. Binders are gaining popularity and are seeing an increase in consumption as an excipient in the nutraceutical business due to variables like adaptability and crucial necessity in improving product efficiency.

A sizeable portion of the market for nutraceutical excipients is occupied by fillers and diluents. A diluent is anything that thins. Some liquids can't simply be pumped because they are either too viscous or too thick to move from one place to another. This might be problematic since it might not be financially feasible to transfer these fluids at this time. Fillers increase the volume of a product and help consumers absorb minute active ingredients. The filler is added to the material to improve its functionality, increase its volume, weight, or both, and lower the cost of the solid material.

Analysis by Form

The dry form segment held the largest market share in 2021. This can be attributed to the affordability and ease of the dry form in a variety of applications which is responsible for its popularity. The market rise in the dry sector is being driven by rising consumer demand for fortified drinks and an increase in demand for dry beverage mixes with added nutrients, including customised blends. A large portion of the worldwide market share of approximately 3/5th of total share for dry nutraceutical excipients is attributable to the strong demand for solid state dietary or nutritional supplements. Additionally, manufacturers choose dry form over other forms the most. Due to this, manufacturers are using novel ways and releasing fresh dry dietary supplements and nutraceutical excipients.

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Global Nutraceutical Excipient Market Regional Insights

North America dominated the global nutraceutical excipient market in 2021, owing to the rising demand for dietary supplements and nutraceuticals in the region. Consumers' busy lifestyles and rising knowledge of the health advantages of nutritious foods, especially dietary supplements, have been cited as contributing causes to this growth. Excipients are now available for usage in novel and creative ways thanks to the introduction of new products and the application of technology. Consumption of prebiotics and probiotics has grown in the United States as a result of the rising prevalence of lifestyle disorders including obesity, diabetes, and others. As a result, there will be prospects for the use of nutraceutical excipients in the nation's food industry. Thus, sales of nutraceutical excipients will likely soar as a result of the trend toward health consciousness in the U.S.

Asia Pacific region is expected to accounted for the fastest growth rate during the forecast period. This can be attributed to growing pharmaceutical manufacturing in the region. To reduce their production costs, a lot of multinational pharmaceutical corporations are concentrating on growth in Asia-Pacific. China, India, and Japan are the main countries in this region. Because of the increase in income and purchasing power, the massive growth of the middle-class population, the rise in consumer awareness of health and fitness, and the rise in consumption of nutritional and healthy products, the region's food sectors, such as nutraceuticals, have promising prospects for growth and diversification. Due to the region's growing population, which increases the market need for these items, market participants are concentrating on the products in this region. The market is being significantly dominated by the growing population, which also drives up demand for nutraceutical excipients due to an increase in illnesses and issues. The Asia Pacific nutraceutical excipients market is thus anticipated to grow more rapidly as a result.

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Global Nutraceutical Excipient Market Dynamics

Driver

  • The market is expanding owing to developments in nanotechnology and drug delivery systems that solve issues with medication toxicity. In order to employ nanotechnology as a drug delivery method (DDS), there are two main strategies. The first strategy involves shrinking the size of nutraceutical medicine crystals to ensure improved solubility and bioavailability, while the second strategy involves using a type of nano-carrier to transport active components effectively.
  • The main reasons propelling the growth of the nutraceutical excipient market are the rise in demand for fortified food items, rise in consumer health consciousness, and increased emphasis on preventative care which is boosting investments in goods or solutions.
  • The prevalence of chronic diseases among consumers, poor nutrition, and rising public knowledge of illnesses and preventative treatment are all factors that are accelerating the expansion of the market.
  • Additionally, the market is favourably impacted by the rising emphasis on preventive healthcare, changing consumer lifestyles, rising disposable income, expansion of food processing applications, and rising healthcare expenditures. Additionally, the projection period will see profitable prospects for companies in the nutraceutical excipient market due to the growing use of excipients with multifunctional features.

Restraint

  • Excipients and nutraceutical goods require significant R&D expenditures, clinical studies, and authorization from relevant authorities in many nations and regions because they are clinically and chemically formulated items. Additionally, creating such goods requires long-term work because it involves formulation, market testing, and commercialization. High R&D expenditures do not, however, provide equivalent productivity gains since, even after a successful molecule discovery, it is exceedingly expensive to introduce a new nutraceutical product and/or novel excipient to factors. Such factors are expected to hinder growth of the market to some extent.
  • Additionally, while one product or solution is being trialled and tested by another company, other market participants create alternative, less expensive solutions. This results in a loss of time, resources, and labour needed to advance a product's development, disrupting the entire process of creating new products. The possibility of failure is still very high, though. The price of demonstrating an excipient's efficacy through clinical studies is also rather high and can significantly impede the market development of novel excipients.

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Global Nutraceutical Excipient Market Competitive Landscape

Global Nutraceutical Excipient Market is fragmented and competitive due to the presence of major players. To maintain a competitive edge and increase their market position in the market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Key players are using innovative production processes to meet the rising demand from various end users in the nutraceutical excipients market. Another important tactic used by market participants to stay ahead of the curve is portfolio expansion.

Top Player's Company Profiles

  • Kerry Group PLC
  • Ingredion Plc
  • Sensient Technologies
  • Associated British Foods
  • Roquette Freres
  • Meggle Group Wasser
  • Cargill Inc
  • Ashland Global Holdings Inc
  • Seppic
  • Shin-Etsu Chemical Co Ltd
  • Fuji Chemical Industries Co Ltd
  • Pharmatrans Sanaq AG
  • Pioma Chemicals
  • Gattefosse
  • W.R. Grace & Co
  • Omya
  • Grain Processing Corp
  • Gangwal Chemicals Pvt Ltd
  • IMCD
  • Hilmar Ingredients
  • Innophos Holdings Inc
  • JRS Pharma
  • Panchamrut Chemicals
  • Azelis Chemical Ltd
  • Daicel Group

Recent Developments

  • In September 2022, in order to strengthen its position in India and Asia, Roquette, a French-based supplier of pharmaceutical and nutraceutical excipients, purchased Crest Cellulose, an Indian excipient company. Crest Cellulose is a privately held business with headquarters in Mumbai that also has operations in Hyderabad and Nellore. It produces a variety of "superior" excipients.
  • In January 2022, DFE Pharma, a leading producer of excipients worldwide, has added a maize starch line to the Nutroféli portfolio of products for the nutraceuticals industry. The company, which is based in Germany, stated that the introduction of the starches is intended to meet the demands of nutraceutical companies for premium quality, multi-functional ingredients, while also ensuring on-time delivery and supply. A variety of options are made available to meet these demands as binders, fillers, and disintegrants, among other applications.

Global Nutraceutical Excipient Key Market Trends

  • Pre-processed and co-processed excipients that contribute additional capabilities to the formulation are included in the class of excipients known as multifunctional excipients. These characteristics include porosity, shape, particle size distribution, flowability, and compressibility. Products that perform various functions in the formulation of nutritional supplements and functional food & beverage lines are also included within the definition of multifunctional excipient. In the nutraceutical industry, there is still a significant need for excipients with enhanced capabilities that minimise the negative effects of integrated excipients. A combination of two or more compendial or non-compendial excipients meant to physically affect their characteristics in a manner not possible by simple physical mixing, and without substantial chemical change, according to the definition of a co-processed excipient.

Global Nutraceutical Excipient Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Nutraceutical Excipient Market analysis, the market is being significantly impacted by investments in goods or solutions due to the rise in fortified food product demand, rising consumer health consciousness, and expanding emphasis on preventative care. The demand for nutraceuticals is fueled by the trend of fitness awareness of health, middle-class consumers' rising disposable income, an ageing population, urbanisation that is speeding up, an increase in the prevalence of lifestyle-related diseases like high blood pressure, diabetes, and heart disease, inadequate nutrition as a result of the consumer's busy lifestyle, and the high cost of healthcare.

Report Metric Details
Market size value in 2021 USD 3.7 billion
Market size value in 2028 USD 6.04 billion
Growth Rate more than 7.25%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Functionality
    • Fillers & Diluents, Binders, Coating Agents, Disintegrants, Lubricants, Flavouring Agents
  • Form
    • Dry, Liquid
  • End Use
    • Prebiotics, Probiotics, Proteins & Amino Acids, Minerals, Vitamins, Omega- 3 Fatty Acids
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Kerry Group PLC
  • Ingredion Plc
  • Sensient Technologies
  • Associated British Foods
  • Roquette Freres
  • Meggle Group Wasser
  • Cargill Inc
  • Ashland Global Holdings Inc
  • Seppic
  • Shin-Etsu Chemical Co Ltd
  • Fuji Chemical Industries Co Ltd
  • Pharmatrans Sanaq AG
  • Pioma Chemicals
  • Gattefosse
  • W.R. Grace & Co
  • Omya
  • Grain Processing Corp
  • Gangwal Chemicals Pvt Ltd
  • IMCD
  • Hilmar Ingredients
  • Innophos Holdings Inc
  • JRS Pharma
  • Panchamrut Chemicals
  • Azelis Chemical Ltd
  • Daicel Group
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Nutraceutical Excipient Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Nutraceutical Excipient Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Nutraceutical Excipient Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nutraceutical Excipient Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nutraceutical Excipient Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Nutraceutical Excipient Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Nutraceutical Excipient Market was valued at USD 3.7 billion in 2021, and it is expected to reach a value of USD 6.04 billion by 2028, at a CAGR of more than 7.25% over the forecast period (2022-2028).

Global Nutraceutical Excipient Market is fragmented and competitive due to the presence of major players. To maintain a competitive edge and increase their market position in the market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Key players are using innovative production processes to meet the rising demand from various end users in the nutraceutical excipients market. Another important tactic used by market participants to stay ahead of the curve is portfolio expansion.'Kerry Group PLC','Ingredion Plc ','Sensient Technologies ','Associated British Foods','Roquette Freres ','Meggle Group Wasser','Cargill Inc ','Ashland Global Holdings Inc','Seppic ','Shin-Etsu Chemical Co Ltd','Fuji Chemical Industries Co Ltd ','Pharmatrans Sanaq AG ','Pioma Chemicals','Gattefosse ','W.R. Grace & Co','Omya','Grain Processing Corp','Gangwal Chemicals Pvt Ltd ','IMCD ','Hilmar Ingredients','Innophos Holdings Inc','JRS Pharma ','Panchamrut Chemicals ','Azelis Chemical Ltd ','Daicel Group '

The market is expanding owing to developments in nanotechnology and drug delivery systems that solve issues with medication toxicity. In order to employ nanotechnology as a drug delivery method (DDS), there are two main strategies. The first strategy involves shrinking the size of nutraceutical medicine crystals to ensure improved solubility and bioavailability, while the second strategy involves using a type of nano-carrier to transport active components effectively.

Pre-processed and co-processed excipients that contribute additional capabilities to the formulation are included in the class of excipients known as multifunctional excipients. These characteristics include porosity, shape, particle size distribution, flowability, and compressibility. Products that perform various functions in the formulation of nutritional supplements and functional food & beverage lines are also included within the definition of multifunctional excipient. In the nutraceutical industry, there is still a significant need for excipients with enhanced capabilities that minimise the negative effects of integrated excipients. A combination of two or more compendial or non-compendial excipients meant to physically affect their characteristics in a manner not possible by simple physical mixing, and without substantial chemical change, according to the definition of a co-processed excipient.

North America dominated the global nutraceutical excipient market in 2021, owing to the rising demand for dietary supplements and nutraceuticals in the region. Consumers' busy lifestyles and rising knowledge of the health advantages of nutritious foods, especially dietary supplements, have been cited as contributing causes to this growth. Excipients are now available for usage in novel and creative ways thanks to the introduction of new products and the application of technology. Consumption of prebiotics and probiotics has grown in the United States as a result of the rising prevalence of lifestyle disorders including obesity, diabetes, and others. As a result, there will be prospects for the use of nutraceutical excipients in the nation's food industry. Thus, sales of nutraceutical excipients will likely soar as a result of the trend toward health consciousness in the U.S.

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Global Nutraceutical Excipient Market

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