Nutraceutical Excipients Market Research Report Size, Share, Trends,
Forecast Report 2022-2029

Nutraceutical Excipients Market

According to the report published by World
Health Organization (WHO), diabetes emerged as the major cause of blindness,
stroke, and kidney failure, a 5% increase in premature mortality was observed
between 2000-2016 due to diabetes, which is pushing the demand for dietary
supplements across the globe. Moreover, rise in Government’s expenditure on the
healthcare sector, advancements in nanotechnology, rise in the use of
excipients with multifunctional properties, increasing investments by leasing
players on research and development, expansion of the e-commerce industry and
rapid urbanization, are some of the additional factors supplementing the Nutraceutical
Excipients Market size. As per the Economic Survey, the Government of
India has increased its spending on the Healthcare sector from INR 2.73 lakh
crore in 2019-20 to INR 4.72 lakh crore in 2021-22, which will accelerate the
market growth in the approaching years.

However, the growth of Nutraceutical Excipients
Market is hindered due to high investments required for developing cold storage
facility.

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The leading players operating in the Nutraceutical
Excipients Market are Meggle, Innophos, JRS Pharma, Cargill, Roquette Frères,
Kerry, Abf, Hilmar Ingredients., IMCD, Ingredion, Dupont, Sensient and Linde,
among others.

Based on Functionality, the Flavouring agents segment is predicted to
capture the largest market share during the forecast period

Rapid growth in the Nutraceutical industry
and rise in the number of nutraceuticals-based start-ups, are propelling the
segment’s growth.

Based on Product, the Vitamins segment is projected to hold the highest
market share over the forecast period

Growing demand for immunity building
products across the globe and rising awareness amongst consumers about the
benefits of vitamins-based supplements, are some of the factors responsible for
the segment’s growth.

Based on Region, the North American region is anticipated to lead the
market during the forecast period

Growing demand for dietary supplements,
rising prevalence of cardiovascular diseases, increase in Government’s spending
on healthcare sector and high per capita incomes, are some of the important factors
augmenting the market growth in North America. 

Key Developments

·        
In 2019, Innophos introdcued
multifunctional, Co-Processed Excipient A-Tab MD at CPhI Worldwide 2019which
will enhance the manufacturing efficiencies for Pharmaceutical and Nutraceutical
Tablet and Capsule Formulations.

·        
In 2020, Primo Nutraceuticals
Inc. has introduced a new product website, which will support the brand
awareness initiative in the natural health & wellness market.

Market Segmentation

Segmentation by Functionality

·        
Flavouring agents

·        
Lubricants

·        
Disintegrates

·        
Coating agents

·        
Binders

·        
Fillers and Diluents

Segmentation by Product

·        
Prebiotics and Probiotics

·        
Minerals

·        
Vitamins

·        
Omega-3 Fatty Acids

Segmentation by Form

·        
Dry

·        
Liquid

Segmentation by Region

·        
Asia Pacific

o  
China

o  
Japan

o  
India

o  
Rest of APAC

·        
North America

o  
United States of America

o  
Canada

·        
Europe

o  
United Kingdom

o  
Germany

o  
France

o  
Spain

o  
Rest of Europe

·        
RoW

o  
Brazil

o  
South Africa

o  
Saudi Arabia

o  
UAE

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