Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
In the nutraceutical market, key players find themselves obligated to adhere to government rules and regulations established to ensure compliance with industry standards. Regulatory authorities play a pivotal role in overseeing permits, formulating entry regulations for new participants, managing residual concerns, and scrutinizing expiration dates for specific products, particularly dietary supplements. In the United States, the Food and Drug Administration (FDA) takes on the responsibility of regulating the manufacturing and distribution of functional food and nutraceuticals.
The regulatory landscape involves stringent guidelines governing the introduction of various types of functional food, beverages, and nutraceuticals to the market. These regulations encompass the permissible quantity of ingredients, and criteria for labeling the diverse components that must be specified on product labels. Such regulatory oversight is essential for consumer safety, ensuring that products meet specified standards and adhere to accurate labeling practices.
The FDA, as a central regulatory authority in the U.S., plays a pivotal role in overseeing the nutraceutical market. It exercises control over the manufacturing processes and distribution channels of functional food and nutraceutical products. This control is crucial in upholding the integrity of the industry, ensuring that products reaching consumers are safe, effective, and accurately labeled.
One notable aspect of regulation involves the strict criteria dictating the types of functional food, beverages, and nutraceuticals that can be introduced to the market. This involves evaluating the safety and efficacy of these products before granting approval. The regulatory authorities also prescribe limits on the quantities of specific ingredients that can be used in these products. This serves to prevent the inclusion of excessive or potentially harmful substances that could compromise consumer well-being.
Labelling requirements form another critical aspect of regulation in the nutraceutical market. Guidelines set by regulatory authorities stipulate the information that must be included on product labels, ensuring transparency and providing consumers with essential details about the contents of the product. This includes accurate representation of ingredients, nutritional information, and other pertinent details that contribute to informed consumer choices.
However, one of the challenges arising from such stringent regulations is the potential restriction on market growth. The limited availability of excipient options in the market, influenced by regulatory constraints, can pose challenges for industry players. Excipients, which are inert substances often used as fillers or carriers in the production of pharmaceuticals and nutraceuticals, play a crucial role in product formulation. Regulatory limitations may constrain the choices available to manufacturers, impacting their ability to innovate and optimize product formulations.
Despite these challenges, the overarching goal of regulatory oversight is to safeguard consumer health and maintain the credibility of the nutraceutical market. By setting and enforcing standards, regulatory authorities seek to ensure that products in the market are of high quality, safe for consumption, and accurately represented to consumers. Industry players, in turn, must navigate these regulations with diligence, balancing the need for compliance with the imperative to foster innovation and growth in the dynamic nutraceutical landscape.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Multifunctional Excipients Key Market |
| Market Dynamics | Demand For Nutraceutical Products Increasing Medical Cost Drivers Impact Analysis |
Nutraceutical Excipients Market Highlights:
Global Nutraceutical Excipients Market Overview
Nutraceutical Excipients Market Size was valued at USD 3.7 Billion in 2022. The Nutraceutical Excipients market industry is projected to grow from USD 3.95 Billion in 2023 to USD 6.74 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 - 2032). Recent years have seen a sharp rise in the sales of nutraceutical goods, in part due to rising healthcare costs in many parts of the world are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Nutraceutical Excipients Market Trends
- Growing urbanization is driving the market growth
Market CAGR for nutraceutical excipients is being driven by the rising urbanization. An aging population, increased urbanization, an increase in the prevalence of lifestyle-related diseases like high blood pressure, diabetes, and cardiac conditions, inadequate nutrition as a result of consumers' hectic lifestyles, and the high cost of healthcare are some of the factors that are driving the demand for nutraceuticals. The rise in incidences of osteoarthritis and diabetes is fueling the demand for dietary, food, and supplement additives. Manufacturers have adopted nutraceutical excipients due to aging populations' increased demand for dietary supplements and health problems. Nutraceuticals are goods with both nutritional and therapeutic advantages. A nutraceutical product is a substance with physiological benefits or defense against chronic sickness. Nutraceuticals can be used to boost well-being, postpone the onset of chronic diseases, extend life expectancy, or support the body's physical makeup or physiological functions. Nutraceuticals have received a lot of interest recently because of their potential to affect nutrition, safety, and therapy positively. Although pharmaceutical and nutraceutical ingredients may treat or prevent disease, only pharmaceutical ingredients have official approval. Nutraceuticals have received a lot of interest recently because of their potential to affect nutrition, safety, and therapy positively. Consumers benefit from nutritional supplements like probiotics, which include yeast and healthy bacteria since they improve digestion, gut health, immunity, nutrient absorption, and the risk of developing food allergies.
Probiotic goods come in various forms, including yogurt, drinks, and nutritional supplements in the form of pills and capsules. Pharmaceutical and dietary supplements combine to form nutraceuticals. Excipients used in nutraceuticals, commonly called "functional foods," are inert substances made with Active Pharmaceutical compounds (API) to bulk up solutions containing potent active compounds. These nutraceutical excipients are utilized in pharmaceutical-grade supplements that are standardized. The rising rise in healthcare expenses has severely impacted the market for nutraceutical excipients. Excipients are inert compounds used in the production process or contained in the dose form of nutraceutical goods but not the active ingredients. Excipients are frequently employed in pharmaceutical formulations to give solid formulations more bulk, offer long-term stability, and improve drug absorption. Additionally, it enhances the product's overall functionality and safety when in use or storage. Thus, driving the Nutraceutical Excipients market revenue.
Nutraceutical Excipients Market Segment Insights
Nutraceutical Excipients Function Insights
Based on function, the Nutraceutical Excipients market segmentation includes binders, disintegrants, sweeteners, and coating agents. The binders segment dominated the market, accounting for 35% of market revenue. Since these excipients are designed to function as an adhesive to granules, "bind together" powders, and other dry ingredients to offer the necessary mechanical strength, dietary supplement producers increasingly use binders. Additionally, binders might aid in giving low-active dosage tablets more volume.
Nutraceutical Excipients Form Insights
Based on the form, the Nutraceutical Excipients market segmentation includes dry and liquid. The dry segment dominated the market. Due to their simplicity and ease of handling, dry excipients are more commonly utilized than liquid excipients. The affordability and ease of the dry form in various applications can be credited to its popularity. The market for dry beverage mixes is expanding due to rising customer demand for customized blends, fortified beverages, and dry beverage mixes with extra nutrients.
Nutraceutical Excipients Application Insights
The Nutraceutical Excipients market segmentation, based on type, includes probiotics & prebiotics and proteins & amino acids. The probiotics & prebiotics segment dominated the market. The benefits of probiotic-fortified foods for health, the adaptability of probiotics, and the increased use of probiotics in food due to growing consumer awareness of the need for a balanced diet are all factors driving up the demand for probiotics. The demand for probiotics in fortified meals is anticipated to remain robust due to growing consumer interest in high-end goods fortified with probiotics and increased awareness of their benefits.
Nutraceutical Excipients Application Insights
The Nutraceutical Excipients market segmentation, based on Application, includes artificial and natural/organic. The natural/organic generated the most income (70.4%). The development of multifunctional excipients to take advantage of the combined benefits of bulk receivers is anticipated to assist the expansion of this market.
Figure 1: Nutraceutical Excipients Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Nutraceutical Excipients Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Nutraceutical Excipients market area will dominate this market due to increased income and purchasing power, rapid middle-class population growth, increased consumer awareness of health & fitness, nutraceuticals, and increased consumer demand for nutritional & healthy products, the region's food sectors, such as, have promising prospects for growth and diversification.
Further, the major countries studied in the market report are The US, France, the UK, Italy, Spain, India, Australia, China, Canada, German, Japan, South Korea, and Brazil.
Figure 2: NUTRACEUTICAL EXCIPIENTS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe has the second-largest market share for Nutraceutical Excipients. Since illnesses and issues are also rising due to several circumstances, the market for nutraceutical excipients is significantly influenced by the growing population. Furthermore, the German Nutraceutical Excipients market dominated, while the UK Nutraceutical Excipients market grew fastest in Europe.
From 2023 to 2032, the Asia-Pacific Nutraceutical Excipients Market will develop at the quickest CAGR. Because growing consumer spending power is one of the major factors driving demand development, consumers are becoming increasingly aware of the value of health and fitness. Additionally, owing to the globalization of foreign direct investment in the food industry, developers are establishing manufacturing facilities in the region to support the regional market's growth. Furthermore, China's Nutraceutical Excipients market had the highest market share, whereas India's Nutraceutical Excipients market was the Asia-Pacific region's fastest growing.
Nutraceutical Excipients Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Nutraceutical Excipients market grow even more. Important market developments include new product releases, acquisitions and mergers, contractual agreements, greater investments, and collaboration with other organizations. The Nutraceutical Excipients industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Nutraceutical Excipients industry to serve clients and expand the market sector. The Nutraceutical Excipients industry has provided some of the most important benefits recently. E.I. du Pont de Nemours & Company and other major companies in the Nutraceutical Excipients market are aiming to enhance market demand by investing in research and development activities.
E.I. du Pont de Nemours & Company is the American firm DuPont Company's full name, specializing in biotechnology, chemical and pharmaceutical manufacturing. Eleuthère Irénée du Pont (1771–1834) established the business in Delaware in 1802 to produce black powder and various explosives, the company's primary goods until the 20th century, when it started to create a wide range of chemicals. Today, DuPont produces various industrial chemicals, synthetic fibers, petroleum-based fuels and lubricants, medicines, construction materials, sterile and specialty packaging materials, cosmetics components and agricultural chemicals. It also produces building materials and products. In May 2019, DuPont signed a contract to combine its Nutrition & Biosciences division with IFF (US). According to the development details, the merged firm's valuation is USD 45.4 billion. DuPont controlled 55.4% of the shares, with IFF owning the remaining 44.6%, all ratified. This initiative is anticipated to assist the business in expanding its capacity to provide nutritious components and solutions to clients worldwide.
They are devoted to producing value for owners and customers while offering a fantastic work environment and career possibilities as a top innovation service provider in the specialty chemicals and food ingredients business. Azelis employs 3,800 people in 63 countries throughout the world. With 35,000 goods, they collaborate with around 2,300 principals to deliver creative products/services to 59,000+ clients. Their industry-specific sales teams have expert product and application expertise and business know-how, allowing us to offer value to all business partnerships. They are constantly searching for fresh talent to join their team, and they promote and support all workers' personal and professional development. In June 2020, Azelis Chemical Limited announced the acquisition of CosBond, a leading speciality chemical and food ingredient distributor in China, to strengthen its position in the market and capitalize on CosBond's present clientele.
Key Companies in the Nutraceutical Excipients market include
-
Cargill Corporation
-
Ingredion
-
Associated British Foods plc
-
-
-
JRS PHARMA
-
Innophos, Inc
-
DowDupont
-
Sensient Technology Corporation
-
Hilmar Ingredients.
Nutraceutical Excipients Industry Developments
June 2020:The relationship between IMCD and DuPont Health and Nutrition (US) has been extended. This initiative will help both businesses by enhancing their presence in Kenya, Uganda, and Egypt by providing a combined range of products to various industrial consumers.
Nutraceutical Excipients Market Segmentation
Nutraceutical Excipients Function Outlook
-
Binders
-
Disintegrants
-
Sweetener
-
Coating Agent
Nutraceutical Excipients Form Outlook
-
Dry
-
Liquid
Nutraceutical Excipients Application Outlook
-
Probiotics & Prebiotics
-
Proteins & Amino Acid
Nutraceutical Excipients Type Outlook
-
Artificial
-
Natural/Organic
Nutraceutical Excipients Regional Outlook
-
North America
-
US
-
Canada
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
