Nutraceutical Excipient Market Size, Share, Growth Analysis, By Functionality(Fillers & Diluents, Binders, Coating Agents, Disintegrants), By Form(Dry, Liquid), By End Use(Prebiotics, Probiotics, Proteins & Amino Acids, Minerals), By Region - Industry Forecast 2024-2031

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.