Nutraceutical excipients are ingredients that are used to enhance the functionality of nutraceutical products in addition to providing structural support to the finished products. The active ingredients may include vitamins, minerals, proteins, fatty acids, and fiber. Excipients help in easy swallowing, improve absorption and bioavailability, along with protecting the active ingredients.
The global Nutraceutical Excipient Market is estimated to be valued at US$ 2,680.29 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights
Market key trends:
One of the key trends in the nutraceutical excipients market is the increasing demand for multifunctional excipients. Multifunctional excipients provide multiple functionalities such as binders, diluents, lubricants, and disintegrants. They assist in formulating products with improved solubility and bioavailability of active ingredients. They also help in developing innovative dosage forms for nutraceuticals. This is driving several manufacturers to develop multifunctional excipients.
Segment Analysis
The global nutraceutical excipient market is segmented into binders, fillers & diluents, coatings, disintegrants, and lubricants. The binders segment dominated the market in 2022 and is expected to witness high growth over the forecast period. Binders help in holding active ingredients together and play an important role in determining the release and absorption of active ingredients in the body. Thus, their use is high in nutraceutical supplements and the binders segment is expected to remain the dominant segment during the forecast period.
Key Takeaways
The global nutraceutical excipient market demand is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing health consciousness among consumers and rising lifestyle disease incidence.
Regional analysis - North America accounted for the largest share in the global nutraceutical excipient market in 2022. However, Asia Pacific is expected to witness the highest growth over the forecast period. Rising middle-class population, increasing lifestyle diseases, and improving healthcare infrastructure are some key factors expected to drive market growth in Asia Pacific.
Key players operating in the nutraceutical excipient market are DuPont de Nemours, Inc., Roquette Frères, Ashland Global Holdings Inc., and Innophos Holdings, Inc. Key players are focusing on new product launches, expansion into emerging economies and strategic partnerships to gain market share. For instance, in 2022, DuPont launched Kolliphor EL and Kolliphor HS 15 surfactants which help improve solubility and bioavailability of key nutraceutical compounds.
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