Nutraceutical Excipients Market Analysis by Product Type (Binders, Disintegrants, Fillers & Diluents, Coating Agents, and Flavoring Agents, Lubricants, and Others); by End Use (Prebiotics, Probiotics, Proteins & Amino Acids, Omega 3 Fatty Acids, Vitamins, Minerals and Others); and by Form (Dry and Liquid)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

Global Nutraceutical Excipients Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global nutraceutical excipients market is estimated to garner a revenue of ~USD 3 billion by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 2 billion in the year 2021. The term nutraceutical, which is a combination of ‘nutrition” and “pharmaceutical”, is used to refer to products including specific diets, dietary supplements, and processed foods (soups, cereals, beverages), which, other than for nutrition, are also used as medicine. The increased and effective use of nanotechnology in medicine and pharmaceuticals is the primary factor propelling the growth of the global nutraceutical excipients market. For instance, in 2019 the Food & Drug Administration (FDA) received 55 submissions for drug products with nanomaterials.

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The number of submissions received by the FDA for nanomaterials-based drugs between 1970 and 2019 sum up to about 600. About half of these were submitted in the decade from 2009 to 2019. The Nanotechnology-enabled drug delivery systems (NDDS) used in the food and supplements industry are highly beneficial for controlling drug toxicity.

Global Nutraceutical Excipients Market: Growth Drivers and Challenges

Growth Drivers

• Alarming Growth of Chronic Diseases Worldwide - It is estimated that by 2030, the sum of global deaths following chronic diseases should be more than 69%. Similarly, the global burden of diseases is estimated to surpass 55% by 2030. Much of the chronic diseases related deaths are expected to occur in the African and Eastern Mediterranean regions. Eating a healthy diet along with maintaining a healthy weight, exercising regularly, and avoiding smoking is thought to reduce chronic diseases related risk factors by more than 79%. Thus, an increase in chronic diseases indicates an increased need to turn to healthy food and thus several opportunities for the growth of the global nutraceutical excipients market.

• Buying In-Stores to Increase the Sales of Dietary Supplements – It is estimated that customers spend ~70% of their discretionary income monthly in retail stores.

• Rapid Growth of E-Commerce to Propel Market Growth– Only during the pandemic the number of online shoppers sees a year-0n-year (YOY) increase of more than 35%.

• Remarkable Health Consciousness Among Consumers – The shopping for food and beverages by more than 60% of consumers is influenced by the healthfulness of the products.

Challenges

• High Expense Related to Research & Development (R&D) and Registration

• Inadequate Results from the Investments Made in R&D

• Negative Narrative About Health Supplements as Pharmaceutical Drugs

The global nutraceutical excipients market is segmented and analyzed for demand and supply by end-use into prebiotics, probiotics, proteins & amino acids, omega 3 fatty acids, vitamins, minerals and others. Of these, the probiotics segment is anticipated to hold the largest market size by the end of 2031. Several factors, including high health consciousness among consumers, preference for natural solutions for health, and rising awareness about preventive health care, contribute to the market growth of the probiotic segment in the forecast period. For instance, up to about 30% of customers in the grocery stores in the U.S. and Europe have been observed to be health conscious. It is estimated that at least 10% of the global population prefers traditional medicine, and more than 74% of consumers preferred food with one or more attributes, including natural, alternative dietary, and ethical. Probiotics which are edible in many forms help to improve gut health, reduce intestinal inflammations, and also play a big role in preventive healthcare by improving the immune system.

Global Nutraceutical Excipients Market Regional Synopsis

Regionally, the global nutraceutical excipients market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in the North America is projected to hold the largest market share by the end of 2031. The considerable amount of research done on nanotechnology, the large presence of e-commerce and retail shoppers, and the good demand for dietary supplements are the major factors driving the market growth in the region. For instance, more than 30% of the nanotechnology research is submitted from the U.S. It is estimated that there are more than 442,000 retail stores and over 2 million e-commerce retailers in the U.S. Additionally, about 30000 different dietary supplements are available to consumers in the U.S. alone.

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Market Segmentation

Our in-depth analysis of the global nutraceutical excipients market includes the following segments:

Key Companies Dominating the Global Nutraceutical Excipients Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global nutraceutical excipients market that are included in our report are Ingredion Incorporated, Cargill, Incorporated, DuPont de Nemours, Inc., Kerry Group plc, Roquette Frères, Ashland Inc., BASF Corporation, SPI Pharma, Innophos Holdings, Inc., JRS PHARMA GmbH + Co. KG, and others.

Global Nutraceutical Excipients Market: Latest Developments

• October, 2021: BASF SE – announced expanding the collaboration with Cargill in the animal nutrition business to develop, produce, market, and sell enzyme products and solutions that are consumer-centric. Additionally, they will try to incorporate innovations in farmers' feed with reduced nutrition wastage, and improved feed quality, animal growth, and well-being.

• December, 2018: DuPont de Nemours, Inc. – announced the recognition by the pharmaceutical journal, Molecular Pharmaceutical of its research work exploring the use of novel excipients to protect against agitation-induced aggregation of protein-based pharmaceuticals.

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• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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