Nutraceutical Excipients Market Share, Size, Trends, Industry Analysis Report, By Form (Dry and Liquid); By Type; By Application; By End-Use; By Region; Segment Forecast, 2024- 2032

Nutraceutical Excipients Market Share, Size, Trends, Industry Analysis Report, By Form (Dry and Liquid); By Type; By Application; By End-Use; By Region; Segment Forecast, 2024- 2032

The global nutraceutical excipients market size is expected to reach USD 5.64 billion by 2032, according to a new study by Polaris Market Research. The report “Nutraceutical Excipients Market Share, Size, Trends, Industry Analysis Report, By Form (Dry and Liquid); By Type; By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Nutraceutical-property excipients are essential to the formulation of pharmaceuticals. The pharmacologically active drug or prodrug is not present in these compounds. Excipients facilitate the medication's efficient delivery to the intended location.

The regulatory environment significantly impacts the nutraceutical excipients market. Stringent regulations and standards related to product safety and quality can influence the choice of excipients used in nutraceutical formulations. Factors such as an aging population, increasing incidences of lifestyle-related diseases, and a growing focus on preventive healthcare contribute to the demand for nutraceutical products. This, in turn, affects the nutraceutical excipients market.

Biosciences companies often possess specialized manufacturing capabilities for biological and biotechnological products. Merging with such companies can improve the manufacturing efficiency of nutraceutical excipients and ensure scalability to meet growing market demands. The expanding nutraceutical market globally, driven by lifestyle changes, dietary preferences, and increasing health awareness, creates opportunities for nutraceutical excipient manufacturers to expand their footprint and meet the growing demand.

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The growth of direct-to-consumer channels and e-commerce platforms has facilitated easier entrance to nutraceutical products. This increased accessibility drives demand for nutraceutical excipients as companies seek efficient formulations suitable for diverse distribution channels. This accounts for the nutraceutical excipients market growth. Manufacturers of excipients work hard to create fresh, enhanced formulations that satisfy the changing needs of the nutraceutical industry. Technological developments aid in the creation of new excipients that improve the efficacy of nutraceutical goods. Manufacturers of excipients may make technological and research investments to raise the effectiveness, stability, and bioavailability of their formulations.

Nutraceutical Excipients Market Report Highlights

In 2023, the preservatives segment held the largest revenue share, which is designed to be compatible with a wide range of formulations, including capsules, tablets, liquids, and powders. Their adaptability makes them a go-tochoice for manufacturers looking for effective solutions across diverse product types. Preservatives are often used to prevent oxidation and degradation of active ingredients in nutraceuticals.

The taste masking segment is expected to witness the highest market share during the forecast period. Taste masking excipients find extensive application in oral solid dosage forms like tablets and capsules. As the nutraceutical industry sees a growth in demand for convenient and easy-to-administer solid dosage forms, the use of taste masking excipients becomes crucial for improving patient compliance.

In 2023, North America dominated the largest market share. The diverse demographics in North America contribute to a wide range of health needs and preferences. Nutraceutical excipients play a crucial role in tailoring formulations to meet the specific requirements of different consumer segments, contributing to market dominance. North American consumers often show a preference for innovative and convenient dosage forms, such as gummies, chewables, and beverages. These formulations may require specific excipients for taste masking, stability, and other factors, further contributing to market growth.

The Asia-Pacific (APAC) region is projected to grow the fastest CAGR during the forecast period. The proliferation of the internet and social media has made health information more accessible to consumers in the APAC region.

The global key market players include International Flavors & Fragrances Inc, Kerry Group plc, Ingredion, Sensient Technologies Corporation, Hilmar Cheese Company, Inc, Roquette Frères, BASF SE, Cargill, Incorporated, MEGGLE GmbH & Co. KG, Ashland, Air Liquide, etc.

Polaris Market Research has segmented the nutraceutical excipients market report based on form, type, application, end-use, and region:

Nutraceutical Excipients, Form Outlook (Revenue - USD Billion, 2019 - 2032)

Dry

Liquid

Nutraceutical Excipients, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Binders

Fillers And Diluents

Disintegrants

Coating Material

Coloring Agents

Flavoring Agents

Sweeteners

Lubricants

Buffers

Preservatives

Thickeners/Gelling Agents

Wetting Agents

Solvents

Others

Nutraceutical Excipients, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Taste masking

Stabilizers

Modified release

Solubility and bioavailability

others

Nutraceutical Excipients, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Protein And Amino Acids

Omega 3 Fatty Acids

Vitamins

Minerals

Prebiotic

Probiotics

Others

Nutraceutical Excipients, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

Latin America

• Argentina
• Brazil
• Mexico

Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa