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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Segmentation & Regional Insights
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
North America was the largest region in the nutraceutical excipients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceutical excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The nutraceutical excipients market report table of contents includes:
1. Executive Summary
2. Nutraceutical Excipients Market Characteristics
3. Nutraceutical Excipients Market Trends And Strategies
4. Nutraceutical Excipients Market – Macro Economic Scenario
5. Global Nutraceutical Excipients Market Size and Growth
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31. Nutraceutical Excipients Market Other Major And Innovative Companies
32. Global Nutraceutical Excipients Market Competitive Benchmarking
33. Global Nutraceutical Excipients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nutraceutical Excipients Market
35. Nutraceutical Excipients Market Future Outlook and Potential Analysis
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