Nutraceutical Excipients Market Snapshot Analysis and Increasing Global Growth Forecast with 8.34% CAGR by 2027
Overview:
The global market for nutraceutical excipients can take a leap from a valuation of USD 3.1 Bn in 2017 and reach USD 4.81 Bn by the end of 2023. The time frame, 2018 to 2023, can be considered as the forecast period. Market Research Future (MRFR) makes a strong statement by showing factors that can inspire better growth for the market
Hike in investment related to healthcare, transforming lifestyle triggering various diseases, and others are major factors that can significantly inspire the growth rate of the market. The growing awareness among people regarding health benefits, an increasing number of products entering the pipeline, and others can inspire the growth of the market. On the other hand, stringent regulations can hold back the growth rate in the coming years. But the market can bank on the developing technologies for better growth assistance.
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Segmentation:
The global market for nutraceutical excipients is set to find a segmentation in the report that would be based on form, function, type, and application. These segments have a better acceptance of various factors that can be taken into consideration to understand how the market can chart the future path.
By function, the market for nutraceutical excipients can be segmented into fillers, diluents & bulking agents, disintegrants, binders, lubricants, sweeteners, coating agents, and colors & flavors. The fillers, diluents & bulking agents have a chance to expand at 8.34% CAGR during the forecast period.
By form, the market for nutraceutical excipients can be segmented into liquid and dry. The former has a better market share. It has a coverage of almost 55% of the global market. It had a market valuation of USD 1 Bn in 2017. The dry segment can score a 7.34% CAGR during the review period.
By application, the market for nutraceutical excipients can be segmented into omega-3 fatty acids, proteins & amino acids, probiotics & prebiotics, and vitamins & minerals. The probiotics & prebiotics segment had the market command in 2017 when it had coverage of 47.5% market share. Its CAGR would be impressive. However, the vitamins & minerals segment has the chance for growth with a CAGR of 7.92% during the forecast period.
By type, the market report that includes nutraceutical excipients can be segmented into artificial and natural/organic. The artificial segment had better market dominance in 2018. But growing consumer awareness can inspire a better intake of the natural/organic nutraceuticals products.
Regional Analysis
The global nutraceutical excipients market is profiled under key geographies such as North America, South America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA).
The report finds that North America to be the largest market share which is mainly attributed to the increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, respiratory diseases; sedentary lifestyle; rising public healthcare cost; growing public awareness of diet and health; and growing aging population.
With is, it is observed that there has been a rising demand for low-cost nutraceutical excipients in the Asia Pacific and the Middle East, which has triggered the global nutraceutical excipients market to expand in this region. The factors owing to such high growth is rushing consumption rate of it within the local nutraceutical and nutraceutical excipients manufacturing space. Recently, there has been a demand for high-quality nutraceutical excipients that, which is further receiving strong support from multiple government-driven initiatives related to overall drug manufacturing and healthcare services in this region.
Key Players
Leading players in the global nutraceutical excipients market include Cargill Corporation, Ingredion, Associated British Foods plc, Kerry, Roquette Freres SA, JRS PHARMA, Innophos, Inc., DowDupont, Sensient Technology Corporation, and Hilmar Ingredients.
Competitive Landscape:
A lot of companies are trying to make the market for the global nutraceutical excipients prosper with high growth opportunities. These segments are known for extensive participation in taking the market ahead. MRFR recorded their recent steps to gauge in which direction the market is moving and find better growth possibilities there. These companies are Ingredion, Cargill Corporation, Kerry, Sensient Technology Corporation, Associated British Foods plc, JRS PHARMA, Roquette Freres SA, DowDupont, Innophos, Inc., and Hilmar Ingredients.
1 Report Prologue
2 Introduction
2.1 Definition 15
2.2 Scope of the Study 15
2.3 Research Objective 15
2.4 Assumptions & Limitations 15
2.4.1 Assumptions 15
2.4.2 Limitations 15
2.4.3 Market Structure 15
3 Research Methodology
3.1 Primary Research Methodology 17
3.2 Secondary Research Methodology 19
3.3 Market Size Estimation 20
3.4 Forecast Model 20
4 Market Dynamics
4.1 Drivers 22
4.1.1 Increasing demand for nutraceutical products 22
4.1.2 Increasing medical cost 22
4.1.3 Drivers Impact Analysis 23
4.2 Restraints 23
4.2.1 Stringent regulations for nutraceutical adversely affects the market 23
4.2.2 Restraints Impact Analysis 23
4.3 Opportunity 24
4.3.1 Multifunctional excipients 24
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