Nutraceutical Excipients Market to Reach Valuation of USD 4.8 Billion By 2028 – High Utilization of Excipients with Multifunctional Qualities Drives the Market

In terms of revenue, the Global Nutraceutical Excipients Market is expected to reach USD 4.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.00% from 2022 to 2028.

Advances in nanotechnology, which are applied to provide excipients with new functions, as well as a variety of applications in the food, beverage, and dietary supplements industries, are driving the global market. However, the low returns on Research and Development (R&D) investments and high clinical trials and registration costs limit the market's potential for expansion. A growing number of government efforts and awareness campaigns, combined with the high utilization of excipients with multifunctional qualities observed among major players, are anticipated to generate new growth prospects for the market's expansion.

Key Highlights from Report:

· The Probiotics segment is estimated to hold a substantial share in the market. Probiotics, including yeast and healthy bacteria, are advantageous to consumers because they improve digestion, gut health, and immunity, promote nutrient absorption and decrease the likelihood of food allergies. Probiotic products are available in various formats, including yogurt, beverages, and dietary supplements in tablets and capsules. There are two major obstacles to creating a probiotic composition suitable for commercial use.

· The Dry form of Nutraceutical Excipients held a bigger market share than the Liquid form. The Dry form's affordability and convenience in various applications can be credited for its popularity. The market for dry beverage mixes is expanding due to rising customer demand for fortified beverages, customized blends, and dry beverage mixes with extra nutrients.

· North America dominates the nanotechnology market worldwide. This region's significant market share can be due to its highly developed healthcare system, many nanotechnology-based medical device manufacturing enterprises, and several government-sponsored nanotechnology development initiatives.

Market Dynamics:

The market for Nutraceutical Excipients is primarily driven by the rise in popularity of these products. Consuming nutraceuticals helps people stay healthy generally and wards against disease. Their health benefits have been established. Increased consumer awareness of health and fitness, rising disposable income and middle-class consumption in nations like China and India, an aging population, increased urbanization, an increase in the incidence of lifestyle-related diseases like high blood pressure, diabetes, and cardiac conditions, inadequate nutrition because of consumers' busy lifestyles, and the high cost of healthcare are all factors driving demand for nutraceuticals. The creation of multifunctional excipients also offers substantial prospects for the various industry participants.

North America accounted for the largest market share. The significant portion of this region is primarily attributed to the rising prevalence of chronic diseases like diabetes, cancer, cardiovascular diseases, and respiratory diseases; sedentary lifestyle; rising public healthcare costs; growing public awareness of the relationship between diet and health; and the growing elderly population.

The Global Nutraceutical Excipients Market is Segmented as follows:

• Functionality
  • Binders
  • Fillers & Diluents
  • Disintegrants
  • Coating Agents
  • Flavoring Agents
  • Lubricants
  • Other Functionalities
• Form
  • Dry
  • Liquid
• End Products
  • Protein & Amino Acids
  • Omega-3 Fatty Acids
  • Vitamins
  • Minerals
  • Prebiotics
  • Probiotics
  • Other End Products
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

A list of the Key Players of the Global Nutraceutical Excipients Market is:

DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion PLC (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co. Ltd. (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R. Grace & Co (US), Omya (Switzerland), Grain Processing Cor.p (US), Gangwal Chemicals Pvt. Ltd. (India), IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Int'l Corp. (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd. (Europe), Daicel Group (Japan)

The Global Nutraceutical Excipients Market Scope can be Tabulated as below: