Excipients are inert substances that form the vehicle for the delivery of an active pharmaceutical ingredient. They act as binders, preservatives, flavoring agents, antioxidants, fillers, and lubricants in nutraceutical formulations. Common nutraceutical excipients include prebiotics, probiotics, proteins, minerals, vitamins, and nutritive sweeteners. They play an important role in optimizing the effectiveness, stability, color, scent, and taste of nutraceutical supplements.

The nutraceutical excipient market is estimated to be valued at US$ 2,680.29 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Rising demand for nutritional supplements: The growing health and wellness trend has boosted demand for dietary supplements fortified with nutrients and bioactive compounds. Consumers are increasingly relying on supplements to complement their diet and meet daily nutritional needs. This rising uptake of supplements is directly driving growth in the nutraceutical excipient market.
Higher formulation complexity: Modern nutraceutical formulations are getting more complex with multi-nutrient blends and delivery of active ingredients through innovative delivery systems. This has increased the functional requirements from excipients used in formulations. Sophisticated excipients are needed to enable targeted delivery, improve stability, bioavailability, and sensory qualities of supplements. The complexity factor is prompting nutraceutical manufacturers to use specialized excipients.

SWOT Analysis
Strength: The nutraceutical excipient market provides growth opportunities by leveraging the usage of excipients in dietary supplement formulations. The rising health awareness among consumers has increased the demand for supplements containing excipients. Excipients help in increasing the bioavailability of active ingredients in supplements. The stable supply of raw materials for excipient manufacturing is a key strength.

Weakness: High production and R&D costs associated with developing novel excipients can hamper market growth. Maintaining quality standards across regions is a challenge for manufacturers.

Opportunity: The growing geriatric population prone to chronic diseases provides an opportunity for supplement brands to expand consumer base. Advancements in excipient technology help address issues like taste masking and aid new product development.

Threats: Stringent regulatory guidelines for excipient approval delays new product launches.Availability of alternative delivery formats like fortified foods poses a threat.

Key Takeaways

The global nutraceutical excipient market scope is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing health awareness among consumers. People are increasingly relying on supplements to fulfil their nutritional requirements and stay healthy. Excipients allow supplements to provide adequate nutrition through improved bioavailability and formulation.

Regional analysis: North America dominates the global market currently due to rapid adoption of supplements. However, Asia Pacific is projected to grow at the fastest pace during the forecast period. Countries like China, India, and Japan are witnessing rising lifestyles diseases giving a boost to preventive healthcare through supplements.

Key players operating in the nutraceutical excipient market are DuPont de Nemours, Inc., Roquette Frères, Ashland Global Holdings Inc., and Innophos Holdings, Inc. Key players are focused on expanding their production capacities and developing ingredient databases to reduce costs. They also engage in new product launches and partnerships for sustained growth.

Get more insights on this topic: http://marketresearchinsighting.weebly.com/blog/the-nutraceutical-excipient-market-is-estimated-to-witness-high-growth-owing-to-trends-in-demand-for-clean-label-products