Nutraceutical Excipients Market by Form, Source, Function

Description

List of Tables

[189 Pages Report] The Nutraceutical Excipients Market size was estimated at USD 4.19 billion in 2023 and expected to reach USD 4.46 billion in 2024, at a CAGR 6.77% to reach USD 6.63 billion by 2030.

Nutraceutical excipients are inactive substances formulated alongside the active ingredients of a nutraceutical product. These excipients serve various functions, such as aiding in product stability, enhancing bioavailability, or improving the overall product aesthetic, such as taste or appearance. This market caters to the application of excipients in the form of binders, fillers, diluents, disintegrants, and coatings, among others, in the nutraceutical industry. Increasing health awareness with the rise in chronic diseases is expanding the consumption of nutraceuticals, subsequently driving the growth of the nutraceutical excipients market. Additionally, the expansion of the dietary supplement market and increased demand for functional foods have spurred the development of innovative nutraceutical excipients. Stringent regulatory requirements for approval and the complexity involved in formulating excipients that are compatible with a range of active ingredients hampers the growth of the market. Rising research and development for excipients that enhance the bioavailability of nutraceuticals represents an opportunity for the growth of the nutraceutical excipients market.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.19 billion
Estimated Year [2024]	USD 4.46 billion
Forecast Year [2030]	USD 6.63 billion
CAGR (%)	6.77%

Form: Growing significance of dry form nutraceutical excipients due to their stability and ease of handling

Dry form nutraceutical excipients, including include powders, granulates, and direct compression bases, are widely used in the industry due to their stability, ease of handling, and cost-effectiveness. The preference for dry excipients leans on stability concerns, ease of transport, and longer shelf life. This form also allows for high precision in dosage forms and is typically employed in the production of tablets and capsules. Liquid form excipients are used for the formulation of syrups, elixirs, and suspensions. These excipients can include solvents, preservatives, flavoring agents, and sweeteners. Liquid excipients are preferred when formulating solutions for individuals who have difficulty swallowing solid forms such as pills or capsules. These are also essential in pediatric and geriatric applications due to ease of dose adjustment and palatability.

Source: Growing potential of organic chemicals suitable for formulations and derived from natural or synthetic processes

Inorganic chemicals are excipients that consist of minerals and salts. They are prized for their stability, consistency, and cost-effectiveness. Inorganic excipients are primarily used for their bulking, buffering, and anti-caking properties. Calcium phosphates are used for their compressibility in tablet formulation. Magnesium stearate is used as a lubricant to prevent ingredients from sticking to manufacturing equipment. Organic chemicals are carbon-based excipients derived from natural or synthetic processes. They are essential for their versatility in functions, including as binders, coatings, flavoring agents, and disintegrants.

Function: Increasing demand for nutraceutical excipients as binders to ensure that tablets and capsules stick together

Binders are critical components that are used to ensure that tablets and capsules stick together successfully. They are typically added to ensure that the ingredients form a cohesive and solid dose. Common binders include cellulose derivatives, including, microcrystalline cellulose, as well as starches, sugars, and synthetic polymers. Coating agents are applied to the surfaces of tablets or granules to mask taste, improve swallowability, protect active ingredients from light or moisture, and control their release. Disintegrants are ingredients added to tablets or capsules that help them to break down into smaller fragments, enhancing the dissolution and absorption of the active components. Common disintegrants include sodium starch glycolate, croscarmellose sodium, and alginic acid. Fillers & diluents are inert substances used to add volume to nutraceuticals, ensuring that tablets and capsules are of a practical size for administration. Commonly used materials include lactose, cellulose, calcium phosphates, and mannitol. Flavoring agents are used to improve the palatability of nutraceuticals, making them more appealing to consume. They can include natural and artificial flavors, such as fruit essences, menthol, or vanilla. Lubricants are substances that are added to nutraceutical formulations to prevent ingredients from clumping together and to ensure that tablets eject smoothly from press machines. Magnesium stearate, stearic acid, and silica are among the common lubricants used.

Regional Insights

In the Americas, nutraceutical excipients are bolstered by a presence of robust and health-conscious consumer base with a high demand for functional foods and dietary supplements. Customers are inclined towards transparent labeling and clean excipients that align with their dietary preferences and lifestyle choices. Research initiatives are blending technology with health, as seen in the adoption of advanced delivery systems for improved bioavailability. The European Union exhibits a high level of regulatory rigor in the nutraceutical sector, promoting the safety and efficacy of products. Consumers in the region are inclined towards nutraceuticals with clinically proven health benefits and minimal processing. The EU's Novel Food Regulation is instrumental in guiding new excipients entering the market. Recent patents in the region emphasize innovative botanical extracts and synergistic combinations of excipients that enhance product stability and functionality. Asia-Pacific's nutraceutical excipients market is rapidly expanding, driven by a growing middle class and an increasingly elderly population. Traditional Chinese Medicine (TCM) influences the development and marketing of nutraceutical products. Patents in the region often incorporate herbal and natural components, with significant investments in research to validate the efficacy of these traditional excipients in modern applications. Middle East and Africa are experiencing rising demand for dietary supplements and functional foods due to a growing expatriate population and an increase in lifestyle-related diseases.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Nutraceutical Excipients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Nutraceutical Excipients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Nutraceutical Excipients Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Ashland Global Holdings Inc., BASF SE, Cargill, Incorporated, Colorcon Inc., Croda International PLC, DuPont de Nemours, Inc., Evonik Industries AG, Gattefosse, Grain Processing Corporation (GPC), Hilmar Ingredients, IMCD N.V., Ingredion Incorporated, Innophos Holdings Inc., Innospec Inc., Kerry Group PLC, Kewpie Corporation, Lonza Group Ltd., Lubrizol Corporation, Meggle Group, Merck KGaA, Mitsubishi Chemical Holdings Corporation, Nutra Healthcare, Roquette Freres, Sensient Technologies Corporation, Signet Chemical Corporation Pvt. Ltd., and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Nutraceutical Excipients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
- Dry
- Liquid

Source
- Inorganic Chemical
- Organic Chemical

Function
- Binders
- Coating Agents
- Disintegrants
- Fillers & Diluents
- Flavoring Agents
- Lubricants

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Nutraceutical Excipients Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Nutraceutical Excipients Market?

3. What are the technology trends and regulatory frameworks in the Nutraceutical Excipients Market?

4. What is the market share of the leading vendors in the Nutraceutical Excipients Market?

5. Which modes and strategic moves are suitable for entering the Nutraceutical Excipients Market?

Product Code: MRR-431752EA4542

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing applications in the food and beverage sector and dietary supplements industry
  - 5.1.1.2. Rising number of health-conscious consumers with increasing demand for fortified food products
  - 5.1.1.3. Increasing preference for preventative healthcare
- 5.1.2. Restraints
  - 5.1.2.1. High costs of nutraceutical excipients
- 5.1.3. Opportunities
  - 5.1.3.1. Growing development of natural and organic nutraceutical excipients
  - 5.1.3.2. Significant emphasis on the usage of multifunctional nutraceutical excipients
- 5.1.4. Challenges
  - 5.1.4.1. Compatibility issues with nutraceutical excipients
5.2. Market Segmentation Analysis
- 5.2.1. Form: Growing significance of dry form nutraceutical excipients due to their stability and ease of handling
- 5.2.2. Source: Growing potential of organic chemicals suitable for formulations and derived from natural or synthetic processes
- 5.2.3. Function: Increasing demand for nutraceutical excipients as binders to ensure that tablets and capsules stick together
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Nutraceutical Excipients Market, by Form

6.1. Introduction
6.2. Dry
6.3. Liquid

7. Nutraceutical Excipients Market, by Source

7.1. Introduction
7.2. Inorganic Chemical
7.3. Organic Chemical

8. Nutraceutical Excipients Market, by Function

8.1. Introduction
8.2. Binders
8.3. Coating Agents
8.4. Disintegrants
8.5. Fillers & Diluents
8.6. Flavoring Agents
8.7. Lubricants

9. Americas Nutraceutical Excipients Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Nutraceutical Excipients Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Nutraceutical Excipients Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Roquette Introduces New Chapter in Moisture Protection
- 12.3.2. Lubrizol Launches Carbopol Polymers for Nutraceuticals with New EU Food Grade Approval
- 12.3.3. Univar Solutions Expands Specialty Pharmaceutical and Nutraceutical Ingredient Portfolios with Grace SYLOID FP Silica for Majority of Europe
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio