What is the global market size of Nutraceutical Excipient Market?

Global Nutraceutical Excipient Market size was valued at USD 4.1 billion in 2021 and is poised to grow from USD 4.4 billion in 2022 to USD 7.2 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Nutraceutical Excipient Market Size

Nutraceutical Excipient Market Insights

Global Nutraceutical Excipient Market size was valued at USD 4.15 billion in 2023 and is poised to grow from USD 4.47 billion in 2024 to USD 8.02 billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).

Nutraceuticals are products that have both nutritional and medicinal benefits. A nutraceutical product is a chemical that has physiological advantages or provides defence against chronic illness. Excipients are inert chemicals that are included with active medicinal components to thicken solution that contain powerful active compounds in nutraceuticals. These nutraceutical excipients are used in pharmaceutical-grade, standardized supplements.

In the presence of heat, light, oxygen, and high humidity, a number of compounds included in nutritional supplements become unstable. Additionally, they may have a varying particle size distribution, poor flow, and a high bulk density. Nutraceuticals can be used to improve health, delay the onset of chronic illnesses, prolong life expectancy, or support the structure or functioning of the body. There are many different kinds of nutraceutical goods on the market, such as antioxidants, probiotics, prebiotics, nutritional supplements, and others. These things have been demonstrated to help prevent certain ailments when used in conjunction with exercise. The projection period has lucrative prospects for the participants in the nutraceutical excipient market due to the increased use of excipients with multifunctional capabilities.

US Nutraceutical Excipient Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Global Nutraceutical Excipient Market is fragmented and competitive due to the presence of major players. To maintain a competitive edge and increase their market position in the market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Key players are using innovative production processes to meet the rising demand from various end users in the nutraceutical excipients market. Another important tactic used by market participants to stay ahead of the curve is portfolio expansion. '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 Group GmbH (Germany) ', 'Cargill, Incorporated (US) ', 'Ashland (US) ', 'Azelis Group (Belgium) ', 'IMCD (Netherlands) ', 'Hilmar Cheese Company, Inc. (US) ', 'Seppic (France) ', 'Biogrund GmbH (Germany) ', 'Innophos (US) ', 'Daicel Corporation (Japan) ', 'Alsiano A/S (Denmark) ', 'JRS Pharma (Germany) ', 'Colorcon (US)'

The market is expanding owing to developments in nanotechnology and drug delivery systems that solve issues with medication toxicity. In order to employ nanotechnology as a drug delivery method (DDS), there are two main strategies. The first strategy involves shrinking the size of nutraceutical medicine crystals to ensure improved solubility and bioavailability, while the second strategy involves using a type of nano-carrier to transport active components effectively.

Pre-processed and co-processed excipients that contribute additional capabilities to the formulation are included in the class of excipients known as multifunctional excipients. These characteristics include porosity, shape, particle size distribution, flowability, and compressibility. Products that perform various functions in the formulation of nutritional supplements and functional food & beverage lines are also included within the definition of multifunctional excipient. In the nutraceutical industry, there is still a significant need for excipients with enhanced capabilities that minimise the negative effects of integrated excipients. A combination of two or more compendial or non-compendial excipients meant to physically affect their characteristics in a manner not possible by simple physical mixing, and without substantial chemical change, according to the definition of a co-processed excipient.

North America dominated the global nutraceutical excipient market in 2021, owing to the rising demand for dietary supplements and nutraceuticals in the region. Consumers' busy lifestyles and rising knowledge of the health advantages of nutritious foods, especially dietary supplements, have been cited as contributing causes to this growth. Excipients are now available for usage in novel and creative ways thanks to the introduction of new products and the application of technology. Consumption of prebiotics and probiotics has grown in the United States as a result of the rising prevalence of lifestyle disorders including obesity, diabetes, and others. As a result, there will be prospects for the use of nutraceutical excipients in the nation's food industry. Thus, sales of nutraceutical excipients will likely soar as a result of the trend toward health consciousness in the U.S.