Nutraceutical Excipient Market Expected To Witness Robust Growth Due To Rising Demand For Dietary Supplements

Market Overview
The nutraceutical excipient market deals in processing aids and carrier substances utilized for the manufacture of dietary supplements and functional foods. Dietary supplements containing herbal extracts, vitamins, minerals, probiotics, and other functional ingredients are seeing increased demand worldwide for their perceived health benefits. Nutraceutical excipients such as thickeners, binders, coatings, preservatives, flavors, and diluents are crucial for developing user-friendly dosage forms like tablets, capsules, gummies, and powders packaging these active ingredients. They ensure proper solubility, adherence to manufacturing equipment, absorption through the gastrointestinal tract, and extended shelf life.

The Global Nutraceutical Excipient Market is estimated to be valued at US$ 3087.7 Bn in 2024 and is expected to exhibit a CAGR of 3.4% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the nutraceutical excipient are Arkema S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co. Ltd., PeroxyChem LLC, Hansol Chemical, and Nouryon. These companies offer customized solutions depending on end-use requirements through their broad product portfolios.
In terms of opportunities, the emerging economies of Asia Pacific and Latin America are witnessing rising per capita incomes and health awareness. This is expected to drive the demand for dietary supplements and correspondingly for nutraceutical excipients in these regions. Additionally, the shifting focus toward herbal and plant-based ingredients as opposed to synthetic ones provides new options for nutraceutical excipient manufacturers as well.
Globally, nutraceutical excipient companies are investing in R&D to develop innovative delivery systems. They are also executing partnerships and acquisitions for geographic and product portfolio expansions. This will help them strengthen their positions and cater to the demands of foreign markets.

Market Drivers
One of the key drivers for the Nutraceutical Excipient Market Demand is the growing consumer inclination toward preventive healthcare and consumption of dietary supplements for their perceived benefits in reducing risks of lifestyle diseases. The COVID-19 pandemic further highlighted the significance of a balanced diet and nutrition in boosting immunity. This increased the sales of supplements containing immunity-boosting ingredients like vitamins C & D.

Market Restraints
Stringent regulatory framework and complex approval procedures for new excipients and their applications can hamper market growth. Regulatory authorities especially in developed regions insist on extensive clinical testing data to approve novel excipient types or formulations. High costs and lengthy approval cycles associated with this process are major restraints. Additionally, inconsistent standards across regions also create compliance challenges for manufacturers having global operations.

Segment Analysis

The nutraceutical excipient market is dominated by prebiotics & probiotics sub-segment. Prebiotics & probiotics assist in the growth of beneficial microorganisms such as bifidobacteria and lactobacilli while reducing the threat of pathogenic bacteria in our gut. They are well recognized for their roles in enhancing the bioavailability and stability of nutraceutical ingredients as well as improving the shelf life of finished products. Prebiotics & probiotics are widely utilized in different forms like powder, tablets, capsules, and liquids in dietary supplements and functional foods. Another growing sub-segment is Table Granulation Materials which are hugely popular as low moisture binders that allow for significant cost reduction by making processes more efficient and yields higher.

Global Analysis

The North America region leads the nutraceutical excipient market due to rising health awareness and growing use of dietary supplements. Increasing lifestyle diseases and consumer preference for preventive healthcare in the U.S. and Canada drives the demand for nutraceutical excipients in the region. The Asia Pacific region shows the fastest growth in the global market owing to the expanding nutraceuticals industry in developing countries like India and China. Rising per capita income and growing middle-class population creates lucrative opportunities for manufacturers in the Asia Pacific. The European region also presents a substantial market scope during the forecast period. Factors such as growing aging population and focus on functional foods shall propel the Europe nutraceutical excipient market.

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