Nutraceutical Excipients Market is expected to hit USD 6.6 Bn by 2029 at a CAGR of 6.97 percent – says Maximize Market Research

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Pune, May 18, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global healthcare research and business-consulting firm has recently released a comprehensive market intelligence report titled “Nutraceutical Excipients Market” The report offers a conscientious analysis of the Nutraceutical Excipients Market using a combination of primary and secondary data sources and insights from domain experts. It presents a comprehensive outlook of the market at both regional and global levels. According to Maximize Market Research, the Nutraceutical Excipients Market is expected to exhibit a robust growth trajectory, with the market value expected to increase from USD 4.12 billion in 2022 to USD 6.6 billion by 2029, representing a notable compound annual growth rate of 6.97 percent over the forecast period.

Nutraceutical Excipients Market Report Scope and Research Methodology

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• Nutraceutical Excipients Market report consists of quantitative Analysis such as analyzing numerical data such as production volumes, market size, and growth rates to identify patterns and trends. In addition, qualitative analysis involves non-numerical data such as consumer preferences, market perception, and industry trends to gain insights into the market.

• Primary research involves gathering data through primary sources such as interviews with industry experts, company representatives, and end-users to gain insights into the market dynamics, demand, and supply patterns, and emerging trends. Secondary Research involves gathering data from secondary sources such as reports, company websites, industry journals, and government publications to estimate market size and market shares.

• The report is carved using analytical tools such as SWOT analysis, Porter’s Five Forces analysis, and PESTEL analysis used to conduct the market analysis. This report provides a 360-degree aspect of the Nutraceutical Excipients Market.

Nutraceutical Excipients Market Overview

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Nutraceutical Excipients Market Dynamics

The global Nutraceutical excipients market is expected to experience high growth during the forecast period, thanks to the increasing demand for functional and fortified food products that cater to consumers’ nutritional requirements. As the market becomes more health-conscious, and seeking food items that provide additional health advantages. This growing trend is expected to drive the demand for nutraceutical excipients, which are essential ingredients utilized in the production of functional products. Another factor boosting the growth of the market is the rising demand for preventive healthcare. With the prevalence of chronic diseases like obesity, diabetes, and heart disease continuing to rise. Also, an increasing number of people turning to their functional foods as dietary supplements and functional foods are anticipated to grow.

The global nutraceutical excipients market presents several opportunities such as increasing demand for clean-label and plant-based products. As consumers become more health conscious, they are progressively looking for food products devoid of artificial additives and preservatives. This trend is expected to drive the demand for the nutraceutical market. The current market customer base is getting increasingly aware of their nutritional need and seeking personalized nutrition to fulfill their requirements. This will be a major boost and is expected to create new opportunities in the market. Another key point for nutraceutical excipient manufacturers is the development of more efficient and cost-effective production processes, which can be achieved by reducing production costs, profitability, etc.

The regulatory framework governs the use of nutraceutical excipients, as the ingredients are incorporated into products intended for human consumption. In addition, compliance with these regulations is time-consuming and expensive, limiting market entry and growth opportunities. Also the availability and cost of raw materials, as the availability susceptible to factors like weather conditions, environmental changes, and geopolitical issues. Consequently, the fluctuations in the cost and supply of raw materials rise major constraints for the market. The global nutraceutical excipients market also faces several challenges and heavy competition from alternative ingredients such as probiotics, prebiotics, and enzymes. The lack of standardization and quality control poses a significant challenge for the nutraceutical excipients market.

Nutraceutical Excipients Market Regional Insights

North America and Europe are the primary markets for nutraceutical excipients, constituting a substantial portion of the global market. The market in regions is primarily driven by several factors, including the escalating prevalence of chronic diseases, growing demand for organic and natural products, and the availability of advanced technology for nutraceutical product manufacturing.

The Asia Pacific region is projected to exhibit the highest growth rate throughout the forecast period. The growth is attributed to the increasing awareness regarding health benefits associated with nutraceutical products, the presence of a substantial population base, rapid urbanization, and heightened investments in the healthcare sector contribute to the growth of the Asia Pacific region.

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Nutraceutical Excipients Market Segmentation

By Type:

• Binders
• Fillers & Diluents
• Disintegrants
• Coating Agents
• Flavouring Agents & Sweeteners
• Lubricants
• Others

By Form:

• Dry Excipients
• Liquid Excipients        

By Application:

• Dietary Supplements
• Functional Foods
• 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.

Key Competitors include:

• Ashland Global Holdings Inc. (US)
• DuPont (US)
• Ingredion Incorporated (US)
• Archer Daniels Midland Company (US)
• Sensient Technologies Corporation (US)
• BASF SE (Germany)
• Brenntag AG (Germany)
• Evonik Industries AG (Germany)
• Lonza Group Ltd. (Switzerland)
• Roquette Frères (France)
• Kerry Group PLC (Ireland)
• Tate & Lyle plc (UK)
• Associated British Foods plc (UK)
• IMCD BV (Netherlands)
• Corbion NV (Netherlands)
• Ajinomoto Co., Inc. (Japan)
• Huachang Group Co., Ltd. (China)
• Jubilant Life Sciences Limited (India)
• SABIC (Saudi Arabia)
• Gulf Pharmaceutical Industries (Kuwait)
• Al-Kharafi Group (Kuwait)
• ADM do Brasil Ltda. (Brazil)
• Ingredion Brasil Ltda. (Brazil)
• Kerry Ingredients do Brasil Ltda. (Brazil)
• Raízen Energia S.A. (Brazil)
• Ezz Dekheila Company for Food Industries (Egypt)

The nutraceutical excipients market structure creates a highly competitive environment, with players competing on price, quality, and innovation to gain a larger market share. DuPont acquired Colorcon, a supplier of colorants and specialty ingredients for the food, beverage, and pharmaceutical industries. This acquisition gives DuPont a strong position in the nutraceutical excipients industry, as Colorcon used in a wide range of nutraceutical products. Also in 2023, Kerry Group acquired Ingredion’s Health & Nutrition business, which helps Kerry Group to get the leading position in the nutraceutical excipients market.

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Key questions answered in the Nutraceutical Excipients Market are:

• What was the Nutraceutical Excipients Market size in 2022?
• What is the Nutraceutical Excipients Market?
• What is the expected Nutraceutical Excipients Market size during the forecast period?
• Which region dominates the largest market share in the Nutraceutical Excipients Market?
• What are the global trends in the Nutraceutical Excipients Market?
• What are the major restraints for the Nutraceutical Excipients Market?
• What are the upcoming industry applications and trends for the Nutraceutical Excipients Market?
• Which segment dominated the Nutraceutical Excipients Market growth?
• What is the demand pattern for the Nutraceutical Excipients Market?
• Nutraceutical Excipients Market?
• Who are the leading companies and what are their portfolios in Nutraceutical Excipients Market?
• What growth strategies are the players considering to increase their presence in

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
• Market Segmentation – A detailed analysis by Type, Form, and Application
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Healthcare research firm, has also published the following reports:

Nutraceutical Market– The market size is expected to reach USD 303.25 Bn by 2029 at a CAGR of 7.2 percent during the forecast period. The market is expected to be driven by a growing global burden of chronic illnesses.

Functional Beverages Market – The market size is expected to reach USD 233.25 Bn by 2029 at a CAGR of 7.47 percent during the forecast period. The market is expected to be driven by increased consumer health awareness, demand for convenient beverage options, and growth in disposable income.

Nutrition Product Market – The market size is expected to reach USD 622.7 Bn by 2029 at a CAGR of 6.4 percent during the forecast period. The market is expected to be driven by nutrition products that cater to a wide range of health concerns, from weight management to overall wellness.

Collagen and Gelatin Market– The market size is expected to reach USD 1480 Bn by 2029 at a CAGR of 7.8 percent during the forecast period. The rising prevalence of Osteoporosis among individuals is driving the growth of the market.

Collagen Supplements Market – The market size is expected to reach USD 3.54 Bn by 2029 at a CAGR of 6.9 percent during the forecast period. One-third or 38% of people have shifted gradually towards the health and wellness sector which is the major driver for the market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.