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Global Nutraceutical Excipients Market Size study, by Product Type by End-use by Form and Regional Forecasts 2024-2032

Global Nutraceutical Excipients Market Size study, by Product Type by...

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Global Nutraceutical Excipients Market Size study, by Product Type by End-use by Form and Regional Forecasts 2024-2032
Global Nutraceutical Excipients Market Size...
Report Code
RO7/103/1712

Publish Date
24/Sep/2024

Pages
200
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The global Nutraceutical Excipients Market was valued at approximately USD 4.2 billion in 2023 and is anticipated to grow at a healthy growth rate of more than 7.7% over the forecast period 2024-2032. Nutraceutical excipients are inactive substances used as carriers for active ingredients in nutraceutical products, which are foods or food components that provide health benefits beyond basic nutrition. These excipients are integral to the manufacturing process, ensuring stability, bioavailability, and efficacy of the active compounds. Typical types of excipients include binders, fillers, disintegrants, lubricants, and coatings, which aid in the production of tablets, capsules, and powders by facilitating mixing, compressing, and delivering of nutraceuticals. The applications of nutraceutical excipients span various products, including dietary supplements, functional foods, and fortified beverages, enhancing their therapeutic value and consumer appeal.

The market for nutraceutical excipients is driven by several key factors. Increasing health awareness among consumers has led to a higher demand for nutraceutical products perceived as beneficial for health and wellness. Excipients are essential in formulating these products, as they enhance stability, bioavailability, and delivery, supporting the market's growth. Additionally, the aging population globally is driving demand for nutraceuticals aimed at promoting longevity and managing age-related health issues. Excipients play a crucial role in developing effective and easy-to-consume supplements, making them vital for meeting the needs of older adults. Also, technological advancements in excipient technology are also propelling market growth. Innovations in excipient technology are enabling the development of more efficient, functional, and tailored excipients. These advancements improve the efficacy and formulation of nutraceutical products, making them more appealing to consumers and manufacturers alike. The market is also seeing opportunities arising from the rising demand for plant-based and natural ingredients. As consumer preferences shift towards natural and plant-based products, there is an increasing demand for excipients that align with these trends. Manufacturers are focusing on developing natural excipients, which presents significant growth opportunities in the nutraceutical market. However, the market faces challenges related to stringent regulatory frameworks and compliance requirements. Different countries have varying regulations, making it difficult for manufacturers to standardize products globally. This complexity can hinder market growth as companies navigate diverse compliance landscapes and ensure product safety and efficacy while managing costs and timelines.

North America is expected to dominate the nutraceutical excipients market during the forecast period due to several factors. North America's mature nutraceutical market, complemented by its robust pharmaceutical and nutraceutical industries, forms a strong platform for excipient innovation. Renowned for pioneering advancements, the region continually invests in R&D, crafting cutting-edge excipients with superior functionality, improved bioavailability, and precise nutrient delivery. This ongoing commitment to innovation positions North America at the forefront, alluring global industry players. The region boasts a well-established retail infrastructure, offering easy access to nutraceuticals through diverse distribution channels like online platforms, specialty outlets, and conventional supermarkets, fostering nutraceutical excipients market expansion. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032

Major market players included in this report are:
Ingredion Incorporated
Cargill Incorporated
Dow Du Pont Inc.
Kerry Group PLC
Roquette Freres SA
Lubrizol Corporation
Ashland Global Holdings Inc.
BASF SE
SPI Pharma Inc.
Innophos Inc.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Binders
Fillers
Disintegrants
Lubricants
Coatings
By End-use:
Hypermarket/Supermarket
Convenience Stores
Pharmacies
Specialty Stores
Grocery Stores
Wholesale Stores
Online Retail
By Form:
Capsule
Pills
Spray
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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