New York, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Market Overview
The Global Nutraceutical Excipients Market size is expected to reach USD 5.2 billion by 2024 and is further anticipated to reach USD 10.0 billion by 2033 at a CAGR of 7.6%.
The global nutraceutical excipients marketplace, integral to health and wellness, is pushed with the aid of growing health consciousness and demand for exquisite nutraceuticals. Influenced through stringent regulations, technological advancements improve solubility, balance, and bioavailability of the nutraceutical excipiennts. Consumer alternatives for natural, clean-label products shape excipient selections. Economic situations, deliver chain demanding challenges, and important investments in R&D further impact the market's dynamics, ensuring continued evolution and growth.
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Important Insights
- Market Value: The global nutraceutical excipients market is projected to reach USD 10.0 billion by 2033, growing at a CAGR of 7.6% from a base value of USD 5.2 billion in 2024.
- By Functionality: Binders are expected to hold 64.9% of the market share in 2024, due to their essential role in ensuring product stability and efficacy.
- By Product: Probiotic excipients are anticipated to claim a significant majority, accounting for 54.2% of the market share in 2024.
- By Type: Natural or organic excipients are expected to lead the market, holding 54.2% of the market share in 2024. This dominance reflects the rising consumer preference for clean-label and organic products.
- By End User: Protein and amino acids are forecasted to maintain a leading position, capturing 34.5% of the market share in 2024, driven by their essential role in nutraceutical formulations.
- Regional Insights: North America is projected to dominate the global nutraceutical excipients market, holding 42.2% of the market share in 2024, due to its advanced manufacturing capabilities and high consumer demand for health and wellness products.
Latest Trends
- The natural nutraceutical excipients required are soaring at a very high rate. Large-scale corporations in the nutraceutical and pharmaceutical domains are paying special attention to plant-based excipients as a factor in increasing their competitive advantage as well as the global trends of healthy eating.
- Excipients are gradually shifting from performing a single task only, to solving the issues of stability, solubility and size of nutraceuticals. It is promoting market development because manufacturers are in search of improved excipients for more challenging formulations.
Nutraceuticals Excipients Market: Competitive Landscape
- The global nutraceutical excipients market's competitive landscape is influenced by key gamers like DuPont, Ingredion, Kerry Group, Roquette Freres, and BASF. These companies lead via continuous product innovation, growing excipients that decorate balance, bioavailability, and flavor of nutraceutical formulations.
- Expanding into new markets and diversifying product portfolios are crucial strategies for navigating the dynamic nutraceutical excipients industry. Cost competitiveness and the capability to rapidly adapt to regulatory adjustments are important for sustained competitiveness.
Some of the prominent market players:
- BASF SE
- Cargill Inc
- Shin-Etsu Chemical Co Ltd
- Associated British Foods
- Roquette Freres
- Meggle Group Wasser
- Kerry Group PLC
- Fuji Chemical Industries Co Ltd
- PharmatransSanaq AG
- Pioma Chemicals
- Gattefosse
- Ingredion Plc
- Sensient Technologies
- R. Grace & Co
- Other Key Players
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Nutraceuticals Excipients Market Scope
| Report Highlights | Details |
| Market Size (2024) | USD 5.2 Bn |
| Forecast Value (2033) | USD 10 Bn |
| CAGR (2024-2033) | 7.6% |
| Leading Region in terms of Revenue Share | North America |
| Percentage of Revenue Share by Leading Region | 42.2% |
| Historical Data | 2018 - 2023 |
| Forecast Data | 2024 – 2033 |
| Base Year | 2023 |
| Estimate Year | 2024 |
| Segments Covered | By Functionality, By Product, By Type, By End User |
| Regional Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Regional Analysis
North America is projected to dominate the global nutraceutical excipients market, holding 42.2% of the market share in 2024. This dominance is driven by a large growing, health-conscious consumer base, advanced healthcare infrastructure, stringent regulatory standards, and presence of major market players. Additionally, ongoing innovation, efficient distribution channels, and a rising interest in functional foods strengthen North America's leading position in the nutraceutical excipients market.
By Region
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
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Market Analysis
Probiotics are projected to hold 54.2% of the market share based on product in 2024. Probiotics dominate due to their proven benefits for digestive health, immune system support, and potential mental health advantages. Consumer awareness of gut microbiome health has surged, driving demand. Probiotics are available in various forms like yogurt, kefir, supplements, and fermented foods, catering to diverse preferences and lifestyles, which, along with positive media coverage, ensures their widespread adoption.
Nutraceuticals Excipients Market Segmentation
By Functionality
- Blinder
- Disintegrates
- Fillers & Diluents
- Coating Agent
- Flavoring Agent
- Lubricants
- Other
By Product
- Probiotics
- Prebiotics
- Proteins & Amino Acids
By Type
- Artificial
- Natural/Organic
By End User
- Protein & Amino Acids
- Omega 3 Fatty Acids
- Vitamins
- Minerals
- Prebiotics & Probiotics
- Others
Growth Drivers
- The demand for nutraceuticals has risen globally and this leads to the growth of the business. People are becoming more conscious of their health, therefore creating a larger demand for vitamins and superior quality nutritional supplements that advance the market.
- Preferences of excipients in nutraceuticals are improving through innovation in excipient technology. New generations of excipients are on the rise as key players like Ashland Global Holdings invest in their R&D to create the next-generation excipients, hence extending the market’s growth potential.
Restraints
- Difficulties in new plant construction and initial expenditure are key limitations. Some of the investments may be difficult for the smaller suppliers to fund; this way the market will be restrained from growing. Further, getting special tools, equipment and professional manpower increases the degree and cost.
- Market constraints are also made by governmental regulations and customers’ doubts that influence the market. Long regulatory processes and concerns over the quality and effectiveness of the products can hamper development and lower consumers’ trust and therefore, the market expansion.
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Growth Opportunities
- The Asia-Pacific and Latin America seem to be the most promising emerging markets for expansion. Increased spending on healthcare and economic growth in these regions is a significant factor contributing to the growth of nutraceutical excipients and local production capacities.
- Adoption of AI and machine learning in the design and manufacturing of excipients holds attractive business opportunities. Such technologies improve the standard, speed, and accuracy in producing products and services hence providing market players with a competitive advantage.
Recent Developments in the Nutraceuticals Excipients Market
- May 2024: BASF expanded its portfolio of natural and plant-based excipients, responding to the growing demand for organic ingredients in nutraceutical products. This supports cleaner labels and sustainable practices, driving demand for nutraceutical excipients.
- April 2024: Qiagen partnered with Helix to integrate QIAseq NGS technology with Helix’s genomics expertise. This collaboration aims to enhance diagnostic tools for hereditary diseases, driving growth in the nutraceutical excipients market.
- February 2024: Thermo Fisher Scientific introduced new NGS analysis software to streamline data interpretation and clinical integration. This advancement improves genetic testing accuracy, benefiting the nutraceutical excipients market by enabling precise product formulations.
- January 2024: Illumina launched a high-throughput sequencing system to reduce costs and increase accessibility for clinical research. This development is expected to drive growth in the nutraceutical excipients market by supporting personalized medicine and cancer research.
- February 2022: Kerry Group Plc. enhanced its biotechnology capabilities by acquiring c-LEcta, specializing in precision fermentation, and Enmex, a Mexican enzyme manufacturer, strengthening its bio-processing and bio-transformation expertise.
- September 2022: DFE Pharma opened the "Closer to the Formulator" (C2F) Center of Excellence in Hyderabad, India. This facility aids pharmaceutical companies in accelerating product development from concept to commercialization.
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