Nutraceutical Excipients Market Size, Trends and Growth Analysis by Function (Binders, Disintegrants, Sweetener, Coating Agent), Form (Dry, Liquid), Application (Probiotics & Prebiotics, Proteins & Amino Acid), and Type (Artificial, Natural/Organic)-Forecast Till 2027
ID: MRFR/Pharma/4639-CR | June 2018 | Region: Global | 114 pages
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Nutraceutical Excipients Market Overview
Nutraceutical excipients market valuation of USD 4800 Mn by during the forecast period. Nutraceuticals are dietary supplements that help with illness treatment and prevention and improve the efficacy of pharmaceutical and food items. Nutraceutical excipients that improve the bioavailability of nutraceuticals containing therapeutic medicines are used to create various food structures and compositions. The food industry is the primary application for this market. Nutraceutical product sales have expanded significantly in recent years, partly owing to rising healthcare spending in many parts of the world.
Consumers' changing eating habits and increased health consciousness positively impact the global market for nutraceutical excipients. Nutraceutical product sales have expanded significantly in recent years, partly owing to rising healthcare spending in many parts of the world. Consumers' changing eating habits and additional health consciousness positively impact the global market for nutraceutical excipients. The rise in demand for fortified food products increased health consciousness among consumers, and a growing emphasis on preventative care is the primary drivers driving the growth of the nutraceutical excipient market. The surge in the frequency of chronic diseases among consumers, a lack of nutrition, and increased public awareness about diseases and preventive care drive the expansion of the nutraceutical excipient market.
Report Coverage
Market value, market share, player analysis, value chain analysis, Porter’s five forces model, demand & supply: gap analysis, investment opportunities analysis, pricing analysis, technological trends, country level break down for function, type, form, and application.
Nutraceutical Excipients Market Report Overview
In this report, readers will come across information pertaining to the historical market trends, current market scenario, and relevant dynamics. A thorough segmental analysis of the global nutraceutical excipients market is also available in the report. Binders, sweeteners, fillers, diluents & bulking agents, disintegrants, coating agents, colors & flavors, and lubricants are product functions based on which the market has been evaluated. Similarly, an evaluation of the market based on dry form and liquid form nutraceutical excipients is also offered in the report. The nutraceutical excipients market has also been studied on the basis of application, which covers proteins & amino acids, vitamins & minerals, probiotics & prebiotics and omega-3 fatty acids. All the market segments are profiled under five key geographies– North America, South America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA), with the respective country-level market sizing. This will allow report users to ascertain lucrative segments and identify untapped markets.
Nutraceutical Excipients Market Players Covered
Cargill Corporation, Ingredion, Associated British Foods plc, Kerry, Roquette Freres SA, JRS PHARMA, Innophos, Inc., DowDupont, Sensient Technology Corporation, and Hilmar Ingredients.
MRFR in its report delivers a critical analysis on some of the leading companies operating in the global nutraceutical excipients market. This will allow report users to gain information on annual turnover, regional strength, SWOT, M&A activities, new product launch and the latest R&D initiatives of market players discussed in the report.
Research Methodology
Market Research Future employ a selective combination of methods, which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been referred as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Our inquisitive and proficient analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the nutraceutical excipients market in its entirety.
Analysis Period
- Base year- 2017
- Forecast Period- 2018-2023
- Market Denomination- USD Million
Recent Development
Feb 2022 VIVACOAT free, a solution for Titanium Dioxide free ready-to-use coatings, was introduced by JRS PHARMA. Titanium Dioxide will be banned as a food ingredient in the EU in early 2022, with similar legislation planned in other regions. VIVACOAT free, designed as an alternative for TiO2-containing coatings, provides customizable solutions for white and dark tablet cores. VIVACOAT-free formulas are developed to provide the best whiteness, opacity, and color spectrum. The business claims that VIVACOAT free is the appropriate TiO2 free coating solution for pharmaceutical and nutraceutical formulations.
Jan 2022 DFE Pharma, a multinational developer of excipients, has added maize starch to its Nutroféli portfolio of products for the nutraceuticals market. DFE Pharma claims that their new maize starch portfolio provides varied choices to satisfy the formulation demands of nutraceutical companies as binders, fillers, disintegrants, and other uses. The introduction also takes advantage of the recent surge in nutraceutical sales.
Intended Audience
- Medical Devices Companies
- Research and Development (R&D) Companies
- Government Research Institutes
- Academic Institutes and Universities
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global nutraceutical excipients market
- Function
- Fillers, Diluents & Bulking Agents
- Binders
- Disintegrants
- Sweeteners
- Coating Agents
- Lubricants
- Colors & Flavors
- Form
- Dry
- Liquid
- Application
- Probiotics & Prebiotics
- Proteins & Amino Acids
- Omega-3 Fatty Acids
- Vitamins & Minerals
- Type
- Artificial
- Natural/Organic
By Region
- North America; The U.S., and Canada
- Europe; Germany, the UK, France, Spain, Italy, and Rest of Europe
- Asia Pacific (APAC); China, Japan, India and Rest of Asia Pacific
- The Middle East & Africa (MEA)
- South America
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2023: 4800 Mn |
| CAGR | 2018-2023-Substantial CAGR |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Form, Application, Type, Function |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Cargill Corporation, Ingredion, Associated British Foods plc, Kerry, Roquette Freres SA, JRS PHARMA, Innophos, Inc., DowDupont, Sensient Technology Corporation, and Hilmar Ingredients |
| Key Market Opportunities | Multifunctional Excipients |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The function included in Binders, Disintegrants, Sweetener, Coating Agent.
The Major key Players of Nutraceutical Excipients Market Cargill Corporation, Ingredion, Associated British Foods plc, Kerry, Roquette Freres SA, JRS PHARMA, Innophos, Inc., DowDupont, Sensient Technology Corporation, and Hilmar Ingredients.
The major drivers of the Nutraceutical Excipients Market are increasing demand for nutraceutical products and increasing medical cost.
Global Nutraceutical Excipients Market: Competitive Landscape
Top four companies including Cargill, Ingredion, Associated British Foods plc, and Kerry collectively accounted for about 68% of the global nutraceutical excipients market in 2017. These companies are likely to maintain their strong market position through collaborations, mergers & acquisitions, and product launches.
In 2017, Cargill accounted for the largest market share of 29.7% of the global nutraceutical excipients market. Cargill is a leading manufacturer of nutraceutical excipients, serves various food manufacturers, food service companies, and retailers with its excipients. The company with its brand popularity and wide geographical presence (70 countries) in various regions has been able to achieve a steadfast growth.
Ingredion held the second position in terms of market share, in 2017. The company with its organic growth in more than 40 countries, is servicing more than 120 customers and generating revenue from all around the globe. The company with its strong presence in the North American region commands maximum share of the region’s market.
Associated British Foods plc (ABF) holds the third position with a global market share of 9.5%. ABF’s growth primarily comes from the higher proportion of revenues from the premium markets.
In 2017, Kerry accounted for about 8.8% of the total nutraceutical excipients market. The company enjoys its maximum market share in the North America. The company with its taste and nutrition business segments enhances its revenue in global nutraceutical excipients.
There are several other big-sized players currently operating in the market including Roquette Freres SA, JRS PHARMA, Innophos, Inc., DowDupont, Sensient Technology Corporation, and Hilmar Ingredients. These companies are actively focusing on growth strategies such as acquisitions, new product development and expansion in untapped markets.
