The Nutraceutical Excipients Market Size is valued at USD 4.16 Bn in 2023 and is predicted to reach USD 7.70 Bn by the year 2031 at an 8.2% CAGR during the forecast period for 2024-2031.
Nutraceutical excipients, once simple and inert compounds, have evolved into sophisticated substances critical to modern drug delivery systems. These excipients, derived from both pharmaceutical and nutritional sources, play a vital role in enhancing the bioavailability, stability, and absorption of active pharmaceutical ingredients (API) in medications. While they possess no therapeutic value on their own, they enable the formulation of functional foods and supplements that optimize the potency and efficacy of medications. As analytical techniques advance and excipient monographs are harmonized, the future of excipient science continues to evolve. This progression has been further driven by the rising costs of healthcare, emphasizing the importance of nutraceutical excipients in improving patient outcomes and promoting tolerance to medications.
Nutraceuticals are products derived from naturally occurring ingredients that are extracted, isolated, and purified from both food and non-food sources, providing specific physiological benefits when consumed in appropriate amounts to promote good health. In India, these products are regulated by the Food Safety and Standards Authority of India (FSSAI) under the Food Safety and Standards Act, 2006 (FSS Act). The FSSAI establishes various regulations to ensure the safety, quality, and efficacy of nutraceuticals in the Indian market, safeguarding public health by enforcing standards for production, labeling, and marketing of these health-promoting products. Nutraceutical excipient producers have possibilities to build their businesses and satisfy the growing demand in the nutraceutical excipients market due to the global nutraceutical market's expansion, which is being driven by changes in food preferences, lifestyle choices, and health consciousness.
Competitive Landscape
Some of the Major Key Players in the Nutraceutical Excipients Market are
- International Flavors & Fragrances Inc
- Kerry Group Plc
- Ingredion
- Sensient Technologies Corporation
- Associated British Foods Plc
- BASF SE
- Roquette Frères
- Meggle Group Gmbh
- Cargill, Incorporated
- Ashland
- Azelis Group
- Imcd
- Hilmar Cheese Company, Inc.
- Seppic
- Biogrund Gmbh
- Dow Du Pont Inc.
- Lubrizol Corporation
- SPI Pharma Inc.
- Innophos
- Jrs Pharma
- Galenova Inc.
- BINDERS
- Daicel Corporation
- Alsiano A/S
- Colorcon
- Panchamrut Chemicals
- Omya
- Gattefossé
- Fuji Chemical Industries Co., Ltd
- Jigs Chemical
Market Segmentation
The Nutraceutical Excipients Market segment is based on product source, end product, and formulation, functionality application. Based on the product source, the market is segmented organic chemicals, and inorganic chemicals. Based on functionality, the market is categorized into binders, colorants, flavors & sweeteners. Based on the end product, the market is divided into protein & amino acids, omega-3 fatty acids, vitamins, minerals, prebiotics, probiotics others. Based on the formulation, the market is divided into dry, tablets, capsules, liquid, and others. Based on the functionality application, the market is divided into taste masking, stabilizers, modified-release solubility & bioavailability, and others
The Organic Chemicals Segment Is Expected To Have The Highest Growth Rate During The Forecast Period
Based on the product source, the market is segmented organic chemicals, and inorganic chemicals. Among these, the organic chemicals segment is expected to have the highest growth rate during the forecast period. This is primarily due to the versatility and functional properties they offer, which are essential for formulating dietary supplements. Organic excipients, such as carbohydrates, proteins, and fats, are widely used due to their compatibility with the active ingredients in nutraceutical formulations. Many organic excipients are derived from renewable resources, making them environmentally sustainable. Additionally, they are generally considered safer, with fewer side effects or risks of toxicity, which is important for the growing segment of health-conscious consumers.
The Binders Segment Dominate The Market
Based on functionality, the market is categorized into binders, colorants, flavors & sweeteners. Among these, the binders segment dominates the market, because Binders are used across a variety of nutraceutical forms, including tablets, capsules, and even powders, providing versatility in formulation. Binders help enhance the stability of active ingredients, preventing degradation during production, storage, and consumption, which is essential for maintaining the efficacy of nutraceuticals. Binders are indispensable for ensuring that the ingredients in tablets and capsules remain intact, making them a critical component in solid dosage forms, which are the most common types of nutraceutical products.
North America Led The Nutraceutical Excipients Market
North America, particularly the United States and Canada, leads in the nutraceutical excipients market due to high consumer demand for dietary supplements and functional foods. The United States led North America in revenue, and the region accounted for the biggest proportion of the market for nutraceutical excipients. In example, the healthcare infrastructure in the United States is highly developed and consists of manufacturing facilities, pharmaceutical businesses, and research organizations. Research, development, and manufacturing of nutraceutical products including those that make use of specialty excipients are supported by this infrastructure.
Recent Developments:
- In October 2023, The Lubrizol Corporation announced that Carbopol® Polymers has received new EU food-grade approval. Nutraceutical producers will be able to diversify their offerings and develop original product claims thanks to the EU's permission.
- In October 2023. Roquette announced the addition of three new excipient grades to its unmatched portfolio of solutions for moisture-sensitive active pharmaceutical and nutraceutical ingredients. Unveiled on-stand at CPHI Barcelona, LYCATAB® CT-LM partially pregelatinized starch, MICROCEL® 103 SD and MICROCEL® 113 SD microcrystalline cellulose offers a unique range of stabilizing and moisture protective benefits, giving pharmaceutical manufacturers the tools they need to optimize any drug delivery, regardless of production method or formulation type.
Nutraceutical Excipients Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 4.16 Bn |
|
Revenue Forecast In 2031 |
USD 7.70 Bn |
|
Growth Rate CAGR |
CAGR of 8.2% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Product Source, End Product, And Formulation, Functionality Application. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
International Flavors & Fragrances Inc, Kerry Group Plc, Ingredion, Sensient Technologies Corporation, Associated British Foods Plc, Basf SE, Roquette Frères, Meggle Group Gmbh, Cargill, Incorporated, Ashland, Azelis Group, Imcd, Hilmar Cheese Company, Inc., Seppic, Biogrund Gmbh, Dow Du Pont Inc., Lubrizol Corporation, SPI Pharma Inc., Innophos, Jrs Pharma, Galenova Inc., BINDERS, Daicel Corporation, Alsiano A/S, Colorcon, Panchamrut Chemicals, Omya, Gattefossé, Fuji Chemical Industries Co., Ltd, Jigs Chemical |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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