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Global Nutraceutical Excipients Market Comprehensive Study: Forecasted Market Size And Growth Rate | Cargill Incorporated, BASF SE, Air Liquide, CJ CheilJedang Corporation, Evonik Industries AG, Associated British Foods plc, Dow DuPont Inc. , Internationa
Nutraceutical Excipients Market Trends
The Business Research Company offers in-depth market insights through Nutraceutical Excipients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nutraceutical excipients market size has grown strongly in recent years. It will grow from $3.73 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing demand for nutraceutical products, growing awareness of the health benefits of nutraceuticals, advancements in technology and product innovation, increasing healthcare costs and the need for preventative healthcare, growing aging population and prevalence of chronic diseases.The nutraceutical excipients market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing awareness regarding nutraceutical applications, growing demand for functional foods, rising prevalence of chronic diseases, advancements in technology and product innovation, growing healthcare infrastructure and insurance coverage in developing countries. Major trends in the forecast period include clean label excipients, advanced delivery systems, customized excipient solutions, focus on sustainability.
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Market Segmentation:
The nutraceutical excipients market covered in this report is segmented -
1) By Product Type: Fillers And Diluents, Binders, Disintegrants, Coating agent, Flavoring Agents, Lubricants
2) By Form: Dry, Liquid
3) By End Use: Protein And Amino Acids, Prebiotics and Probiotics, Vitamins, Other End Uses
Major Driver - The Role Of Health And Wellness In Driving Growth In The Nutraceutical Excipients Market
The growing demand for health and wellness is expected to propel the growth of the nutraceutical excipients market going forward. Health and wellness encompass a holistic state of physical, mental, and social well-being, reflecting the harmonious balance of lifestyle choices, preventive measures, and positive behaviors that contribute to an individual's overall thriving and optimal quality of life. Nutraceutical excipients are essential components used to improve the bioavailability, stability, delivery, palatability, and regulatory compliance of nutraceutical products, ultimately enhancing their effectiveness in supporting overall health and wellness. For instance, in April 2021, according to a survey of 7,500 consumers by McKinsey & Company, a US-based management consulting company, around 79% of consumers think wellness is important, and 42% consider it a top priority. Further, around 37% of consumers were expected to spend more on wellness services in 2022. Therefore, the growing demand for health and wellness is driving the growth of the nutraceutical excipients market.
Competitive Landscape:
Major companies operating in the nutraceutical excipients market report are Cargill Incorporated, BASF SE, Air Liquide, CJ CheilJedang Corporation, Evonik Industries AG, Associated British Foods plc, Dow DuPont Inc. , International Flavors And Fragrances Inc, Conagra, Kerry Group plc, Ingredion, Givaudan, Lonza Group, Glanbia plc, Barilla Group , Sensient Technologies Corporation, Azelis Group, Hilmar Cheese Company Inc , Ashland Inc., Hawkins Inc., Innophos, SPI Pharma Inc., Nexira, Pfanstiehl Inc., Biogrund GmbH
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Top Trend - Innovative Nutraceutical Excipients Spearhead Market Advancements
Major companies operating in the nutraceutical excipients market are focusing on the development of innovative products such as Omyanutra 300 DC and Omyanutra 300 Flash to overcome processing challenges and improve the effectiveness of nutraceutical products. Omyanutra 300 DC and Omyanutra 300 Flash are innovative nutraceutical excipients based on functionalized calcium carbonate (FCC) and croscarmellose sodium and are free from nanoparticles, non-GMO, and made of high-purity minerals. For instance, in July 2021, Omya, a Switzerland-based chemical industry company, launched two new excipients for nutraceutical tablets called Omyanutra 300 DC and Omyanutra 300 Flash. These excipients were designed to overcome processing challenges for dietary supplements and nutraceutical tablets. Both excipients are made of high-purity, natural mineral material and are free from nanoparticles and GMOs. It improves supplement processing and responds to the demand for orally disintegrating tablets (ODTs) in the nutraceutical industry. Additionally, it offers better compatibility compared to benchmark excipients, allowing manufacturers to create hard tablets at low compression forces.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nutraceutical Excipients Market Characteristics
3. Nutraceutical Excipients Market Trends And Strategies
4. Nutraceutical Excipients Market - Macro Economic Scenario
5. Nutraceutical Excipients Market Size And Growth
…..
27. Nutraceutical Excipients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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