The global nutraceutical excipients market is on a strong growth trajectory, expected to expand from USD 4.2 billion in 2023 to USD 6.1 billion by 2028, registering a CAGR of 7.7% during this period. This growth mirrors the booming popularity of nutraceuticals, which are increasingly recognized for their role in supporting health and managing a wide array of conditions—from heart disease and cancer to insomnia, memory issues, gastrointestinal problems, and stress-related headaches and migraines.
Consumers are turning to nutraceuticals derived from natural combinations such as ginger, garlic, and honey, which are trusted for their therapeutic benefits. Other products, including green tea, vitamin E, and vitamin C, target issues like thinning hair, skin concerns, varicose veins, depression, and fatigue. The growing demand for these products is creating substantial opportunities for the pharmaceutical and nutraceutical sectors alike, emphasizing the need for advanced formulations and specialized excipients to enhance efficacy and delivery.
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Organic Chemicals: Driving Market Growth
A significant driver in the nutraceutical excipients market is the preference for natural and organic ingredients. Consumers are increasingly conscious of ingredient sourcing, quality, and allergenic risks, which has fueled demand for excipients derived from organic chemicals. These natural alternatives not only reduce potential allergic reactions but also align with the clean label trend, emphasizing transparency and simplicity in ingredient lists. Manufacturers are responding by incorporating more organic excipients to meet consumer expectations, which, in turn, propels market growth.
Dry Formulations Lead the Way
Among the various formulation types, dry excipients are witnessing the highest growth. Their popularity stems from their formulation flexibility, allowing for diverse dosage forms such as tablets, capsules, powders, and granules. Dry excipients enhance the solubility, dissolution, and bioavailability of active compounds, ensuring rapid and effective absorption in the body. Additionally, they play a key role in maintaining product stability and shelf life, protecting active ingredients from moisture and environmental degradation—factors critical to both manufacturers and consumers.
North America: The Largest Market Share
North America currently dominates the nutraceutical excipients market, driven by a strong presence of key industry players and a rising prevalence of lifestyle-related health concerns such as obesity, cardiovascular diseases, and metabolic disorders. Consumers in this region are increasingly seeking preventive healthcare solutions, which fuels demand for nutraceuticals and, consequently, the excipients required for their formulation. Ongoing research and innovation by leading companies further strengthen the market’s growth in this region.
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Key Players in the Market
The global nutraceutical excipients landscape features several influential players, including:
- International Flavors & Fragrances Inc (US)
- Kerry Group plc (Ireland)
- Ingredion (US)
- Sensient Technologies Corporation (US)
- Associated British Foods plc (UK)
- BASF SE (Germany)
- Roquette Frères (France)
- MEGGLE GmbH & Co. KG (Germany)
- Cargill, Incorporated (US)
- Ashland (US)
- IMCD (Netherlands)
- Hilmar Cheese Company, Inc. (US)
- Air Liquide (France)
- Azelis Group (Luxembourg)
- Biogrund GmbH (Germany)
These players are pivotal in shaping the market through innovation, product development, and a focus on high-quality, safe, and effective excipients.
The nutraceutical excipients market is clearly on an upward path, fueled by consumer demand for natural, safe, and effective supplements, advances in formulation technology, and growing awareness of the link between diet and health. As the industry continues to innovate, the role of high-quality excipients in delivering better, more efficacious nutraceutical products will only become more critical.
