The Global Nutraceutical Excipients Market was valued at US$ 4.12 billion in 2022 and the total market is forecasted to grow at a CAGR of 6.97% from 2023 to 2029, reaching nearly US$ 6.6 billion by 2029.
Overview and ScopeThe global nutraceutical excipients market caters to the growing demand of excipients in the production of nutraceuticals, like food products with added health benefits beyond their basic nutritional value. Nutraceutical excipients are used to enhance the bioavailability, stability, and efficacy of active ingredients in nutraceutical products. The nutraceutical excipients industry is expected to grow significantly over the forecast period due to the increasing demand for nutraceutical products among health-conscious consumers and the growing awareness of the benefits of preventive healthcare. The market is also driven by the increasing use of nutraceuticals in the treatment of chronic diseases, such as diabetes, cardiovascular diseases, and cancer. The scope of the nutraceutical excipients market includes various types of excipients, such as binders, fillers, disintegrants, lubricants, coatings, and others. These excipients are used in different forms, such as powders, granules, capsules, tablets, and liquids. North America and Europe are the leading markets with a very high demand from consumers, with the presence of major players in these regions. Alongside, Asia-Pacific region is expected to grow at the highest CAGR due to the increasing adoption of preventive healthcare and the growing demand for nutraceutical products, especially in countries such as China and India. To know about the Research Methodology :- Request Free Sample Report
Research MethodologyBoth primary and secondary data sources have been utilized for studying the Global Nutraceutical Excipients Market. The research includes a thorough examination of all factors that may affect the market, validated through primary research and evaluated to provide valuable conclusions. Variables such as inflation, economic downturns, regulatory and policy changes, and others in the market forecasts for top-level markets and sub-segments have also been factored in. To estimate market size and forecasts, the bottom-up approach has been employed and multiple data triangulation methodologies have been utilized. Weights have been assigned to each segment based on their utilization rate and average sale price to derive percentage splits, market shares, and breakdowns. The country-wise analysis of the market and its sub-segments is based on the percentage adoption or utilization of the given market size in the respective region or country. To identify the major players in the Global Nutraceutical Excipients Industry, secondary research was conducted based on indicators like market revenue, price, applications, advancements, mergers and acquisitions, and joint ventures. Also, extensive primary research has been conducted to verify and confirm crucial numbers arrived at, after comprehensive market engineering and calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation. The analysis provided in the report about the external and internal factors that may affect the business positively or negatively, especially post the COVID-19 breakdown how the market has been influenced, will provide decision-makers with a clear futuristic view of the industry. Furthermore, the report offers a clear representation of competitive analysis of key players by price, financial position, growth strategies, and regional presence in the market, making it an investor’s guide. The secondary research phase involved a thorough synthesis of existing publications across the web to gather meaningful insights on the current situation of the market, technology developments, and any other market-related information. Information has been gathered from various sources including industry and government websites, blogs, magazines, and other publications, scientific papers, journals, and publications, trade information, conference proceedings, and association publications, among others. Apart from that, Global Nutraceutical Excipients Industry experts across the value chain were pooled in to gather first-hand insights on the market studied, including consultants and freelancers to collaborate on assignments that requires real-time industry insights. In addition to primary and secondary research, market surveys have also been conducted to gather qualitative insights and opinion of individuals related to the industry. The primary research methods used to prepare this report include industry expert review, personal interview, telephonic interview, collecting responses to surveys and questionnaires through email, surveys through fieldwork, and social media monitoring. Primary research has been used to validate the data points obtained from secondary research and fill the data gaps. Critical insights obtained from primary research have been used to ascertain critical market dynamics, market distribution across various segments, market entry for new companies, and insights into the competitive landscape.
Market DynamicsGlobal Nutraceutical Excipients Market Drivers The global nutraceutical excipients market is expected to grow significantly over the forecast period, driven by the increasing demand for functional and fortified food products that are designed to meet the nutritional needs of consumers. As people become more health-conscious, they are increasingly looking for food products that offer additional health benefits, such as improved digestion, reduced inflammation, and better immune function. This trend is expected to fuel the demand for nutraceutical excipients, which are essential ingredients used in the production of functional food products. Another major factor driving the growth of the nutraceutical excipients industry is the rising demand of preventive healthcare. As the prevalence of chronic diseases such as obesity, diabetes, and heart disease continue to rise, people are turning to dietary supplements and functional foods as a way to maintain their health and prevent the onset of such diseases. This trend is expected to drive the demand for nutraceutical excipients, which are widely used in the production of dietary supplements and nutraceutical products. Restraints Despite the positive growth outlook for the global nutraceutical excipients market, there are several factors that act as restraints on the potential growth of the industry. One of the key restraints is the regulatory framework surrounding the use of nutraceutical excipients. As these ingredients are used in products that are intended for human consumption, they are subject to stringent regulatory requirements that can vary across different regions and countries. Compliance with these regulations is time-consuming and expensive, which limit market entry and growth opportunities. Another major restraint is the availability and cost of raw materials. Many nutraceutical excipients are derived from natural sources such as plants and animals, and their availability is affected by factors such as weather conditions, environmental changes, and geopolitical issues. This can lead to fluctuations in the cost and supply of raw materials, which increase the overall cost of production and lower profitability of nutraceutical products. Global Nutraceutical Excipients Opportunities The global nutraceutical excipients market presents several opportunities for competitive companies to grow with innovation. One of the key opportunities is the rising demand for clean-label and plant-based products. As consumers become more health-conscious, they are increasingly looking for food products that are free from artificial additives and preservatives. This trend is expected to drive the demand for natural and plant-based excipients, which are considered safer and more sustainable alternatives to traditional excipients. The current market comprises of individuals who are as consumers, more aware of their nutritional needs and are looking for adoption of personalized nutrition fulfilling their demands, and this is a great opportunity for key companies to create nice for their market. The other area of focus for nutraceutical excipient manufacturers is to develop more efficient and cost-effective production processes. Reduced cost of production will increase profitability and in addition, the development of new excipient technologies will lead to inventing functional and effective nutraceutical products, which result in driving the market growth potential.
Global Nutraceutical Excipients ChallengesThe global nutraceutical excipients market is also faced with several challenges that could impact market growth and competitiveness. One of the key challenges is the increasing competition from alternative ingredients such as probiotics, prebiotics, and enzymes, which are also used in the production of functional food products and dietary supplements. These alternative ingredients offer similar health benefits and are often considered more natural and sustainable, which can make them more appealing to consumers. Another major challenge for the nutraceutical excipients market is the lack of standardization and quality control. As the nutraceutical excipients market is highly fragmented, there can be significant variations in the quality and performance of different excipients. This can make it difficult for manufacturers to ensure consistent product quality and safety, and can also impact consumer trust and confidence in nutraceutical products. The nutraceutical excipients market is also faced with the challenge of product innovation and differentiation. As the market becomes more crowded and competitive, manufacturers will need to develop new and innovative excipients that offer unique health benefits and can differentiate their products from those of their competitors. This can require significant investment in research and development, which can be a challenge for smaller players in the market.
Nutraceutical Excipients Market TrendsThe global nutraceutical excipients market is witnessing several key trends that are shaping the industry and driving market growth. One of the major trends is the increasing demand for natural and plant-based ingredients in nutraceutical products. Consumers are becoming more health-conscious and are seeking out natural and organic products that offer health benefits without the use of synthetic ingredients. This trend has led to the development of new plant-based excipients, such as cellulose, starch, and gum-based excipients, that are derived from natural sources and offer functional and nutritional benefits. The growing popularity of personalized nutrition and consumers becoming more aware of their unique nutritional needs and health goals, seeking out products that are tailored to their specific needs are also expected to influence the market. This leads to development of customized nutraceutical products that use specific excipients and dosages based on individual requirements. There is also an increasing adoption of novel delivery systems for nutraceutical products. Delivery systems such as nano-encapsulation, micro-encapsulation, and liposome technology are being used to enhance the bioavailability and stability of nutraceutical ingredients. These delivery systems can protect the ingredients from degradation and improve their absorption and efficacy in the body. This is expected to drive demand for excipients that are compatible with these delivery systems and can enhance the performance of nutraceutical products.
Global Nutraceutical Excipients Market Segment AnalysisThe global nutraceutical excipients market is segmented based on various factors such as type, form, application, and region. Based on type, the nutraceutical excipients market is segmented into binders, fillers & diluents, disintegrants, coating agents, flavouring agents & sweeteners, lubricants, and others. Fillers and diluents are the most commonly used excipients, followed by binders and disintegrants. Based on form, the nutraceutical excipients market is segmented into dry and liquid forms. Dry excipients are more widely used than liquid excipients due to their convenience and ease of handling. Based on application, the nutraceutical excipients market is segmented into dietary supplements, functional foods, and pharmaceuticals. Dietary supplements are the largest segment, followed by functional foods and pharmaceuticals. The demand for dietary supplements is driven by the increasing prevalence of chronic diseases and the growing awareness regarding the health benefits of nutritional supplements. Based on region, the nutraceutical excipients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are the largest markets for nutraceutical excipients, driven by the growing demand for natural and organic products. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing consumer awareness and the growing population in the region.
Regional AnalysisNorth America and Europe are the largest markets for nutraceutical excipients, accounting for a significant share of the global Nutraceutical Excipients market. The demand for nutraceutical excipients in these regions is driven by factors such as the growing prevalence of chronic diseases, the increasing adoption of natural and organic products, and the availability of advanced technologies for the production of nutraceutical products. In addition, the presence of major players in these regions and their focus on innovation and research and development activities are also contributing to potential growth. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing consumer awareness regarding the health benefits of nutraceutical products, the growing demand for functional foods and dietary supplements, and the rising disposable income of consumers. Moreover, the presence of a large population base, rapid urbanization, and increasing investments in the healthcare sector are also expected to drive market growth in this region. The nutraceutical excipients industry in Latin America and the Middle East and Africa regions are also expected to witness significant growth with the increasing adoption of preventive healthcare measures, the rising prevalence of chronic diseases, and the growing demand for natural and organic products. However, the potential growth in these regions is expected to be limited due to factors such as the lack of awareness regarding the benefits of nutraceutical products and the presence of stringent regulatory policies.
Global Nutraceutical Excipients Market Competitive AnalysisThe global nutraceutical excipients industry is characterized by intense competition among the major players. The market structure is dominated by a few large players, while smaller players operate in niche segments. This market structure creates a highly competitive environment, with players competing on price, quality, and innovation to gain a larger market share. To have a competitive edge and expand operations and gain a larger market share, major players have adopted various strategies such as mergers and acquisitions, joint ventures, and partnerships. For example, in 2022, DuPont acquired Colorcon, a leading supplier of colorants and specialty ingredients for the food, beverage, and pharmaceutical industries. This acquisition will give DuPont a strong position in the nutraceutical excipients market, as Colorcon's products are used in a wide range of nutraceutical products. Also, in 2023, Kerry Group acquired Ingredion's Health & Nutrition business, which is expected to give Kerry Group a leading position in the nutraceutical excipients market, as Ingredion's Health & Nutrition business is a leading supplier of functional ingredients for the nutraceutical industry. Although the nutraceutical excipients market is highly competitive, it presents opportunities for new entrants to establish a foothold in the market. However, the high level of investment required for research and development related activities can act as a barrier for new entrants, limiting the level of competition in the market.
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Nutraceutical Excipients Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US$ 4.12 billion Forecast Period 2023 to 2029 CAGR: 6.97% Market Size in 2029: US$ 6.6 billion Segments Covered: by Type 1. Binders 2.Fillers & Diluents 3.Disintegrants 4.Coating Agents 5.Flavouring Agents & Sweeteners 6.Lubricants 7.Others by Form 1.Dry Excipients 2.Liquid Excipients by Application 1.Dietary Supplements 2.Functional Foods 3.Pharmaceuticals
Nutraceutical Excipients Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
Nutraceutical Excipients Market Key PlayersThe captured list of leading manufacturers of Nutraceutical Excipients Industry has been compiled after an analysis of multiple factors. It is not an exhaustive list based only on market share ranking. After a regional analysis, a competitive analysis, and other such considerations, the company profiles were selected based on a variety of factors. The comprehensive report contains additional information on the position of each company on the market from a local and global perspective. North America 1.Ashland Global Holdings Inc. (US) 2.DuPont (US) 3. Ingredion Incorporated (US) 4.Archer Daniels Midland Company (US) 5.Sensient Technologies Corporation (US) Europe 1.BASF SE (Germany) 2.Brenntag AG (Germany) 3. Evonik Industries AG (Germany) 4.Lonza Group Ltd. (Switzerland) 5.Roquette Frères (France) 6. Kerry Group PLC (Ireland) 7.Tate & Lyle plc (UK) 8.Associated British Foods plc (UK) 9.IMCD BV (Netherlands) 10.Corbion NV (Netherlands) Asia Pacific 1. Ajinomoto Co., Inc. (Japan) 2. Huachang Group Co., Ltd. (China) 3.Jubilant Life Sciences Limited (India) 4. SABIC (Saudi Arabia) 5. Gulf Pharmaceutical Industries (Kuwait) 6.Al-Kharafi Group (Kuwait) Latin America 1.ADM do Brasil Ltda. (Brazil) 2. Ingredion Brasil Ltda. (Brazil) 3.Kerry Ingredients do Brasil Ltda. (Brazil) 4.Raízen Energia S.A. (Brazil) 5.Middle East & Africa 6. Ezz Dekheila Company for Food Industries (Egypt) FAQs 1. How big is the Nutraceutical Excipients Market? Ans: Nutraceutical Excipients Market was valued at US$ 4.12 billion in 2022. 2. What is the growth rate of the Nutraceutical Excipients Market? Ans: The CAGR of the Nutraceutical Excipients Market is forecasted at 6.97%. 3. What are the segments for the Nutraceutical Excipients Market? Ans: There are 4 factors on which the market is segmented, Type, Form, Application, and Region. 4. Which region is expected to have the highest growth rate in the Nutraceutical Excipients Industry? Ans: Though North America currently is dominating the market with highest market share; however, Asia Pacific is predicted to be having the highest growth rate over the forecast period. 5. Is it profitable to invest in the Nutraceutical Excipients Market? Ans: There is a very high growth rate in this market and there are various factors to be analysed like the driving forces and opportunities of the market which has been discussed extensively in Maximize’s full report. That would help in understanding the profitability in the market.
1. Nutraceutical Excipients Market: Research Methodology 2. Nutraceutical Excipients Market: Executive Summary 3. Nutraceutical Excipients Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Nutraceutical Excipients Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Nutraceutical Excipients Market: Segmentation (by Value US$ and Volume Units) 5.1. Nutraceutical Excipients Market, by Type (2022-2029) 5.2. Nutraceutical Excipients Market, by Form (2022-2029) 5.3. Nutraceutical Excipients Market, by Application (2022-2029) 5.4. Nutraceutical Excipients Market, by Region (2022-2029) 6. North America Nutraceutical Excipients Market (by Value US$ and Volume Units) 6.1. North America Nutraceutical Excipients Market, by Type (2022-2029) 6.2. North America Nutraceutical Excipients Market, by Form (2022-2029) 6.3. North America Nutraceutical Excipients Market, by Application (2022-2029) 6.4. North America Nutraceutical Excipients Market, by Country (2022-2029) 6.4.1. United States 6.4.2. Canada 6.4.3. Mexico 7. 7. Europe Nutraceutical Excipients Market (by Value US$ and Volume Units) 7.1. Europe Nutraceutical Excipients Market, by Type (2022-2029) 7.2. Europe Nutraceutical Excipients Market, by Form (2022-2029) 7.3. Europe Nutraceutical Excipients Market, by Application (2022-2029) 7.4. Europe Nutraceutical Excipients Market, by Country (2022-2029) 7.4.1. UK 7.4.2. France 7.4.3. Germany 7.4.4. Italy 7.4.5. Spain 7.4.6. Sweden 7.4.7. Austria 7.4.8. Rest of Europe 8. Asia Pacific Nutraceutical Excipients Market (by Value US$ and Volume Units) 8.1. Asia Pacific Nutraceutical Excipients Market, by Type (2022-2029) 8.2. Asia Pacific Nutraceutical Excipients Market, by Form (2022-2029) 8.3. Asia Pacific Nutraceutical Excipients Market, by Application (2022-2029) 8.4. Asia Pacific Nutraceutical Excipients Market, by Country (2022-2029) 8.4.1. China 8.4.2. S Korea 8.4.3. Japan 8.4.4. India 8.4.5. Australia 8.4.6. Indonesia 8.4.7. Malaysia 8.4.8. Bangladesh 8.4.9. Pakistan 8.4.10. Rest of Asia Pacific 9. Middle East and Africa Nutraceutical Excipients Market (by Value US$ and Volume Units) 9.1. Middle East and Africa Nutraceutical Excipients Market, by Type (2022-2029) 9.2. Middle East and Africa Nutraceutical Excipients Market, by Form (2022-2029) 9.3. Middle East and Africa Nutraceutical Excipients Market, by Application (2022-2029) 9.4. Middle East and Africa Nutraceutical Excipients Market, by Country (2022-2029) 9.4.1. South Africa 9.4.2. GCC 9.4.3. Egypt 10. South America Nutraceutical Excipients Market (by Value US$ and Volume Units) 10.1. South America Nutraceutical Excipients Market, by Type (2022-2029) 10.2. South America Nutraceutical Excipients Market, by Form (2022-2029) 10.3. South America Nutraceutical Excipients Market, by Application (2022-2029) 10.4. South America Nutraceutical Excipients Market, by Country (2022-2029) 10.4.1. Brazil 10.4.2. Argentina 10.4.3. Rest of South America 11. Company Profile: Key players 11.1. Ashland Global Holdings Inc. (US) 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. DuPont (US) 11.3. Ingredion Incorporated (US) 11.4. Archer Daniels Midland Company (US) 11.5. Sensient Technologies Corporation (US) 11.6. BASF SE (Germany) 11.7. Brenntag AG (Germany) 11.8. Evonik Industries AG (Germany) 11.9. Lonza Group Ltd. (Switzerland) 11.10. Roquette Frères (France) 11.11. Kerry Group PLC (Ireland) 11.12. Tate & Lyle plc (UK) 11.13. Associated British Foods plc (UK) 11.14. IMCD BV (Netherlands) 11.15. Corbion NV (Netherlands) 11.16. Ajinomoto Co., Inc. (Japan) 11.17. Huachang Group Co., Ltd. (China) 11.18. Jubilant Life Sciences Limited (India) 11.19. SABIC (Saudi Arabia) 11.20. Gulf Pharmaceutical Industries (Kuwait) 11.21. Al-Kharafi Group (Kuwait) 11.22. ADM do Brasil Ltda. (Brazil) 11.23. Ingredion Brasil Ltda. (Brazil) 11.24. Kerry Ingredients do Brasil Ltda. (Brazil) 11.25. Raízen Energia S.A. (Brazil) 11.26. Ezz Dekheila Company for Food Industries (Egypt) 12. Key Findings 13. Industry Recommendation