Global Nutraceutical Excipient Market, By Type (Fillers & Diluents, Binders, Coating Agents, Disintegrants, Lubricants, Flavouring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, Minerals, Vitamins, Omega- 3 Fatty Acids), Form (Dry, Liquid), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The nutraceutical excipient market is expected to witness market growth at a rate of 7.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on nutraceutical excipient market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the advancements in nanotechnology is escalating the growth of nutraceutical excipient market.
The word ‘nutraceutical’ is derived from nutritional and pharmaceutical which are also known as functional foods. They are generally utilized as a dietary supplement. They are known to provide protection against chronic disease and are beneficial for spine and joint problems. They are extensively consumed for extra nutrition. The nutraceutical are also used for methionine, olive oil, fish oil, denatured type II collagen and numerous other botanical extracts.
The rise in demand for fortified food products, increase in health consciousness among consumers and growing emphasis on preventive care is encouraging investments in products or solutions are the major factors driving the growth of nutraceutical excipient market. The rise in the incidences of chronic diseases among consumers, deficiency of nutrition and growth in awareness regarding diseases and preventive care among population accelerate the nutraceutical excipient market growth. The advancements in nanotechnology equipped with new features, introduction of mandates on food fortification by government organizations and rise in awareness regarding the health benefits of nutraceutical excipient further influence the nutraceutical excipient market. Additionally, increasing focus on preventive healthcare, change in consumer lifestyle, increase in disposable income, growth in food processing applications and surging healthcare expenditure positively affect the nutraceutical excipient market. Furthermore, high use of excipients with multifunctional properties extends profitable opportunities to the nutraceutical excipient market players in the forecast period of 2021 to 2028.
On the other hand, decrease in returns on research and development investments and high costs associated with the clinical trials and registration are the factors expected to obstruct the nutraceutical excipient market growth. Consumer scepticism associated with nutraceutical products due to rural and semi-urban consumer perception on dietary is projected to challenge the nutraceutical excipient market in the forecast period of 2021 to 2028.
This nutraceutical excipient market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nutraceutical excipient market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Nutraceutical Excipient Market Scope and Market Size
The nutraceutical excipient market is segmented on the basis of type, end product and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the nutraceutical excipient market is segmented into fillers and diluents, binders, coating agents, disintegrants, lubricants and flavouring agents.
- On the basis of end product, the nutraceutical excipient market is segmented into prebiotics, probiotics, proteins and amino acids, minerals, vitamins and omega- 3 fatty acids.
- On the basis of form, the nutraceutical excipient market is segmented into dry and liquid.
Global Nutraceutical Excipient Market Country Level Analysis
The nutraceutical excipient market is analysed and market size, volume information is provided by country, type, end product and form as referenced above.
The countries covered in the global nutraceutical excipient market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the nutraceutical excipient market because of the mature market, busy lifestyle of consumers and increase in awareness among consumers regarding the health benefits of nutritional foods including food supplements, technological advancements and new product launches and wide range of applications in the fortified food and beverage, dietary supplements and nutraceuticals sectors. Asia-Pacific is expected to witness the significant CAGR during the forecast period of 2021-2028 because of the growing demand for the nutritional and healthy products, rapid growth of the middle-class population, foreign direct investments in the food sector, ease of availability of raw materials and rise in income and purchasing power in the region.
The country section of the nutraceutical excipient market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nutraceutical Excipient Market Share Analysis
The nutraceutical excipient market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nutraceutical excipient market.
The major players covered in the nutraceutical excipient market report are Sensient Technologies Corporation, Roquette Frères, Meggle, JRS PHARMA, Innophos, Hilmar Ingredients, Cargill, Incorporated, IMCD, Galenova Inc., Kerry, Inc., ABF, DuPont, Ingredion Incorporated, Kraeber & Co GmbH, E.I.D.- Parry (India) Limited, Shin- Etsu Chemical Co., Ltd., Colorcon, FINAR LIMITED among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.