Nutraceutical Excipients Market Introduction and Overview
According to SPER Market Research, the Global Nutraceutical Excipients Market is estimated to reach USD 7.4 billion by 2033 with a CAGR of 6.52%.
The report includes an in-depth analysis of the Global Nutraceutical Excipients Market, including market size and trends, product mix, Applications, and supplier analysis. Nutraceutical excipients are inert substances that serve as carriers or facilitators in nutraceutical formulations. They enhance the delivery and stability of active compounds, enhancing bioavailability. Excipients such as binders, fillers, disintegrants, and lubricants are commonly used to improve the effectiveness and appeal of nutraceutical products. Excipients are significant in nutraceutical formulation because they enable consistent dosage and facilitate the manufacturing process. They enhance the physical properties of products, such as flowability and solubility, and can influence the release profile of active ingredients. The right excipient can significantly increase the efficacy and shelf life of nutraceutical products.
- The world's top taste and nutrition company, Kerry Group Plc., said in February 2022 that it has extended its production capabilities, technology portfolio, and expertise through two major biotechnology acquisitions. The business has revealed that it has purchased Enmex, a Mexican enzyme manufacturer, and c-LEcta, a premier biotechnology innovation company. Precision fermentation, improved bioprocessing, and biotransformation are the areas of expertise for c-LEcta, a leading biotechnology innovation firm. Additionally, Enmex is a reputable enzyme company with headquarters in Mexico that offers a variety of bio-process solutions for the food, beverage, and animal nutrition industries.
- The French company Roquette stated in 2023 that it was expanding its unmatched range of solutions for moisture-sensitive active pharmaceutical and nutraceutical components by adding three new excipient grades.
Market Opportunities and Challenges
Opportunities:
- Growing Demand for Dietary Supplements and Functional Foods: As consumers' awareness of health and wellness grows, so does the demand for dietary supplements and functional foods. As more individuals learn about the advantages of nutritional supplements for general health, the market for nutraceutical excipients is growing.
- Growing Chronic Illness Prevalence and Population Aging: The need for preventative healthcare solutions is increased by the aging population and the rising prevalence of chronic diseases. Chronic conditions like diabetes, heart disease, and obesity must be controlled with dietary changes. With 2 billion people worldwide predicted to be 60 and older by 2050, there will be a greater need for nutraceutical products that promote lifespan and health, which will expand the market for excipients.
Challenges: Nutraceutical formulations that are effective must balance excipients and active ingredients to achieve the intended outcomes. Maintaining stability, ensuring bioavailability, and preserving sensory qualities like taste and feel are among the difficulties. This intricacy could make the production process more difficult, requiring new approaches and thorough testing to create nutraceutical products of superior quality. Manufacturers face significant challenges while navigating the nutraceutical industry's complex regulatory environment. Legislation in different nations can hinder product development and market access, resulting in delays and increased expenses. For companies in this sector, adherence to these standards is of utmost importance since it ensures the safety and effectiveness of products.
Market Competitive Landscape
Key competitors in the worldwide nutraceutical excipients market include DuPont, Ingredion, Kerry Group, Roquette Freres, and BASF. These companies lead by continual product innovation, which includes expanding excipients that enhance the balance, bioavailability, and flavor of nutraceutical formulations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End Product.
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Air Liquide, Ashland, Associated British Foods plc, Azelis Group, BASF SE, Biogrund GmbH, Cargill, Incorporated, Hilmar Cheese Company, Inc, IMCD, Ingredion, Innophos, International Flavors & Fragrances, Inc. |
COVID-19 Impact on Global Nutraceutical Excipients Market
The nutraceutical business has been badly impacted by the COVID-19 outbreak. Lockdowns enacted in response to the outbreak have affected the supply of raw materials from manufacturing hubs such as India and China. This hindered medicine development and manufacture, hurting industries that relied significantly on outsourcing. Initially, the whole nutraceutical ecology was disrupted. Furthermore, regulatory organizations had to design and revise new legislation to assure the highest level of patient safety following drug use. Following the shutdowns, the nutraceutical sector grew, owing to high demand for medications like hydroxychloroquine and Remdesivir, which shown efficacy against COVID-19. The rising demand for these drugs increased the turnover of several companies.
Key Target Audience:
- Nutraceutical Manufacturers
- Excipients Manufacturers and Suppliers
- Pharmaceutical Companies
- Food & Beverage Companies
- Contract Research Organizations (CROs)
- Regulatory Bodies
- Raw Material Suppliers
- Research Institutes and Universities
- Packaging Companies
Our in-depth analysis of the Nutraceutical Excipients Market includes the following segments:
| By Type: | FillersDiluentsCoating Agents BinderDisintegrantsColorants & SweetenersFlavoring AgentsLubricantsOthers |
| By End Product: | Protein and Amino AcidsVitaminMineralsOmega 3 Fatty Acids Others |
Key Topics Covered in the Report:
- Global Nutraceutical Excipients Market Size (FY’2024-FY’2033)
- Overview of Global Nutraceutical Excipients Market
- Segmentation of Global Nutraceutical Excipients Market By Type (Fillers, Diluents, Coating Agents, Binder, Disintegrants)
- Segmentation of Global Nutraceutical Excipients Market By End Product (Protein and Amino Acids, Vitamin, Minerals, Omega 3 Fatty Acids, Others)
- Statistical Snap of Global Nutraceutical Excipients Market
- Expansion Analysis of Global Nutraceutical Excipients Market
- Problems and Obstacles in Global Nutraceutical Excipients Market
- Competitive Landscape in the Global Nutraceutical Excipients Market
- Impact of COVID-19 and Demonetization on Global Nutraceutical Excipients Market
- Details on Current Investment in Global Nutraceutical Excipients Market
- Competitive Analysis of Global Nutraceutical Excipients Market
- Prominent Players in the Global Nutraceutical Excipients Market
- SWOT Analysis of Global Nutraceutical Excipients Market
- Global Nutraceutical Excipients Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Nutraceutical Excipients Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Nutraceutical Excipients Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Nutraceutical Excipients Market
7. Global Nutraceutical Excipients Market, By Type (USD Million) 2020-2033
7.1. Global Nutraceutical Excipients Market Size, Share and Forecast, By Type, 2020-2026
7.2. Global Nutraceutical Excipients Market Size, Share and Forecast, By Type, 2027-2033
7.3. Fillers
7.4. Diluents
7.5. Coating Agents
7.6. Binder
7.7. Disintegrants
7.8. Colorants & Sweeteners
7.9. Flavoring Agents
7.10. Lubricants
7.11. Others
8. Global Nutraceutical Excipients Market, By End Product (USD Million) 2020-2033
8.1. Global Nutraceutical Excipients Market Size, Share and Forecast, By End Product, 2020-2026
8.2. Global Nutraceutical Excipients Market Size, Share and Forecast, By End Product, 2027-2033
8.3. Protein and Amino Acids
8.4. Vitamin
8.5. Minerals
8.6. Omega 3 Fatty Acids
8.7. Others
9. Global Nutraceutical Excipients Market Forecast, 2020-2033 (USD Million)
9.1. Global Nutraceutical Excipients Market Size and Market Share
10. Global Nutraceutical Excipients Market, By Region, 2020-2033 (USD Million)
10.1. Global Nutraceutical Excipients Market Size and Market Share By Region (2020-2026)
10.2. Global Nutraceutical Excipients Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Air Liquide
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Ashland
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Associated British Foods plc
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Azelis Group
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. BASF SE
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Biogrund GmbH
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Cargill, Incorporated
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Hilmar Cheese Company, Inc
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. IMCD
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Ingredion
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Innophos
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. International Flavors & Fragrances, Inc
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
