Nutraceutical Excipients Market Growth, Size, Trends Analysis - By Type, By End Product - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Nutraceutical Excipients Market Introduction and Overview
According to SPER market research, ‘Global Nutraceutical Excipients Market Size- By Type, By End Product – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Nutraceutical Excipients Market is estimated to reach USD 7.4 billion by 2033 with a CAGR of 6.52%.
Nutraceutical excipients are inert substances that function as carriers or facilitators in nutraceutical formulations. They promote the transport and stability of active compounds, which increases bioavailability. Common excipients used in nutraceutical products include binders, fillers, disintegrants, and lubricants. Excipients are significant in nutraceutical formulation because they provide consistent dosing and aid in the manufacturing process. They enhance the physical properties of products, such as flowability and solubility, and can influence the release profile of active compounds.
The COVID-19 pandemic has had a significant impact on the nutraceutical business. The epidemic’s lockdowns have interfered with the flow of raw materials from manufacturing hubs like China and India. Drug development and manufacture were slowed as a result, which had a negative impact on businesses that mostly relied on outsourcing. At first, the whole ecosystem of nutraceuticals was upset. To guarantee the highest level of patient safety following drug use, regulatory bodies also had to create numerous new rules.
Scope of the Report: Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By End Product.
Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Companies CoveredAir Liquide, Ashland, Associated British Foods plc, Azelis Group, BASF SE, Biogrund GmbH, Cargill, Incorporated, Hilmar Cheese Company, Inc, IMCD, Ingredion, Innophos, International Flavors & Fragrances, Inc.
Nutraceutical Excipients Market Segmentation: By Type: Based on the Type, Global Nutraceutical Excipients Market is segmented as; Fillers, Diluents, Coating Agents, Binder, Disintegrants.
By End Product: Based on the End Product, Global Nutraceutical Excipients Market is segmented as; Protein and Amino Acids, Vitamin, Minerals, Omega 3 Fatty Acids, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.