Global Nutraceutical Excipients Market to Grow with a CAGR of 6.79% through 2028
Increasing application
of nutraceuticals and rising demand is expected to drive the Global Nutraceutical
Excipients Market growth in the forecast period, 2024-2028.
According to TechSci Research
report, “Global Nutraceutical Excipients Market
- Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”,
the Global Nutraceutical Excipients Market stood at USD 4.32 Billion in 2022 and
is anticipated to grow with a CAGR of 6.79% in the forecast period, 2024-2028. Nutraceutical
excipients are inert components formulated with Active Pharmaceutical
Ingredients (API) to enhance the potency of solutions containing active
ingredients. These nutraceutical excipients are utilized in standardized and
pharmaceutical-grade supplements. Nutraceutical is a term used for food or
fortified food derived from natural sources that complement the diet and provide
additional health benefits alongside the inherent nutritional value of foods.
Other terms commonly associated with nutraceuticals include "medical
foods," "functional foods," "designer foods," and
others. They also offer medicinal advantages and aid in the prevention and
treatment of diseases, thereby promoting improved health conditions. Moreover,
nutraceutical products often consist of compounds that are sensitive to factors
such as heat, light, oxygen, alkaline pH, and high humidity. Additionally, they
may exhibit poor flow, low bulk density, and varying particle size
distribution. The incorporation of different nutraceutical excipients helps
control the stability of these compounds. Nutraceutical excipients encompass
fillers, diluents, disintegrants, binders, coating agents, flavoring agents,
colorants, sweeteners, and lubricants employed in the production of various
supplements such as tablets, capsules, powders, and liquid syrups.
Furthermore, the growing
utilization of prebiotics and probiotics, coupled with the increasing
prevalence of lifestyle diseases worldwide, is driving the demand for
nutraceutical excipients. The rising geriatric population, along with the surge
in cases of osteoporosis and cardiovascular diseases, has led to an increased adoption
of nutritional foods and dietary supplements. The rapid adoption of dry
nutraceutical excipients to address the escalating prevalence of
osteoarthritis, diabetes, thyroid disease, and obesity will continue to bolster
market demand.
Nutraceutical products, in
addition to providing nutrition, can also be used as medicinal interventions. A
substance that offers physiological benefits or protection against chronic
diseases can be classified as a nutraceutical product. Nutraceuticals can
promote well-being, slow down the aging process, prevent the occurrence of
chronic diseases, extend life expectancy, and support the structure and
functions of the body. Due to their potential to provide nutritional, safe, and
therapeutic effects, nutraceuticals have recently garnered significant
attention. While both pharmaceutical and nutraceutical substances may be used
for disease prevention or treatment, only pharmaceutical substances receive
government approval. The potential nutritional, safety, and therapeutic benefits
of nutraceuticals have made them the subject of considerable interest.
Nutraceuticals such as
probiotics, which contain beneficial bacteria and yeast, offer advantages to
consumers by enhancing digestion, gut health, immunity, and nutrient
absorption. These probiotic products can be found in various formats, including
yogurt, beverages, tablets, and capsules. For instance, in April 2021, DFE
Pharma, a prominent player in pharmaceutical excipient solutions, introduced
its new product line, "BioHale," to cater to the global demand from
biopharmaceutical companies.
However, the decline in
returns on investments in research and development (R&D) and the high costs
associated with clinical trials and registration pose challenges to the
market's growth prospects. High R&D investments often yield
disproportionate returns in terms of productivity. Even after successful
molecule discovery, the cost of introducing a new nutraceutical product and
excipient to the market remains significantly high, with a corresponding high
risk of failure. Additionally, the cost of conducting clinical trials to
demonstrate the effectiveness of an excipient is relatively expensive, posing a
significant barrier to the development of novel excipients in the market.
The increasing necessity
to stabilize the physicochemical properties in nutraceuticals, driven by their
inherent instability, along with the growing demand for versatile excipients,
will propel market growth in the forecast period. The enhancement of poor drug
physicochemical properties can be achieved through drug-carrier associations. A
drug delivery system (DDS) can optimize a drug's pharmacokinetics and cellular
penetration. Additionally, the drug delivery system (DDS) can address
challenges related to low drug solubility, degradation, rapid clearance rates,
non-specific toxicity, and limited ability to cross biological barriers.
Browse over 26 market
data Figures spread through 91 Pages and an in-depth TOC on "Global Nutraceutical Excipients Market.”
The Global Nutraceutical
Excipients Market is segmented into form, functionality, product, distribution
channel, regional distribution, and company.
During
the projected period, the probiotics segment is expected to emerge as the
largest in the nutraceutical excipients market. The health benefits of
probiotic-fortified foods, the versatility of probiotics, and the increasing
utilization of probiotics in food due to growing consumer awareness of the
importance of a balanced diet are all driving the global demand for probiotics.
The demand for probiotics in fortified meals is anticipated to remain robust,
fueled by rising consumer interest in premium products fortified with
probiotics and greater awareness of their advantages.
Prebiotics
and probiotics are gaining popularity as dietary supplements due to the
continuously rising prevalence of lifestyle disorders worldwide. The adoption
of pre- and probiotics is rapidly increasing to meet the growing nutritional
needs of consumers.
Consumers
are taking into account the adverse health effects of a sedentary lifestyle
when making food choices. As dietary supplements and the consumption of pre-
and probiotics become essential, this segment is expected to experience rapid
growth in the coming years.
Based
on region, North America segment is expected to grow during the forecast
period. North America holds the largest
market share and dominant position in the nutraceutical excipients market. The
growth of nutraceutical excipients in this region is driven by the increasing
demand for functional food products. This growth can be attributed to factors
such as busy consumer lifestyles, growing consumer awareness of the health
benefits of nutritional foods and supplements. Moreover, new product launches
and technological advancements have enabled the use of excipients in innovative
ways.
The
Asia Pacific region, including China, India, and Japan, is expected to witness
the fastest growth in the nutraceutical excipients market. This region offers
promising prospects for growth and diversification in the food sector,
particularly in nutraceuticals. Factors such as rising income and purchasing
power, the expansion of the middle-class population, increasing consumer
awareness of health and fitness, and growing demand for nutritional and healthy
products contribute to this growth. Market players are capitalizing on this
region's population growth, which drives the demand for such products. The
growing population plays a significant role in the market, as it leads to an
increase in illnesses and health-related issues, consequently boosting the
demand for nutraceutical excipients in the market.
Major companies
operating in Global Nutraceutical Excipients Market
are:
·
ABF Ingredients
·
Cargill, Inc.
·
Dow, Inc.
·
DuPont de Nemours, Inc.
·
EGGLE Wasserburg
Verwaltungs GmbH
·
Hilmar Ingredients
·
IMCD Group BV
·
Ingredion, Inc.
·
Innophos Holdings, Inc.
·
Jrs Pharma GmbH Co. KG
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“The increasing focus of consumers on nutrition and dietary
supplements has spurred nutraceutical excipient producers to prioritize
innovative launches and cater to the rising demand in the food and beverage
industry. As an example, Innophos announced the introduction of multifunctional
excipients in nutraceuticals and dietary supplements in February 2021. A-TAB®
MD and NUTRA-TAB CPMEs have been specifically developed to aid manufacturers
by utilizing co-processed multifunctional excipients (CPMEs) to streamline
labeling and enhance compressibility, thereby reducing tablet size and
improving manufacturing efficiency. The growing prevalence of lifestyle
diseases like obesity and diabetes has led to increased consumption of
prebiotics and probiotics in the United States, subsequently creating
opportunities for the application of nutraceutical excipients in the country's
food sector. According to the Centers for Disease Control and Prevention (CDC),
obesity rates in the United States currently stand at 42.4% and are projected
to rise further due to the fast-paced lifestyle prevalent in the country.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global
Nutraceutical Excipients Market By Form (Liquid,
Dry), By Functionality (Binders, Disintegrants, Flavoring Agents, Coating
Agents, Fillers & Diluents, Lubricants, Other Functionalities), By
End-Product (Protein & Amino Acids, Vitamins, Probiotics, Omega-3 fatty
acids, Minerals, Other End Products), By Distribution Channel (Direct Tender,
Retail Sales and Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F, has evaluated the future growth
potential of Global Nutraceutical Excipients Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Nutraceutical Excipients Market.
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