Global Nutraceutical Excipients Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 247
- CATEGORY
- Food & Beverages
Market Overview:
Nutraceutical excipients are inactive substances that are added to nutraceutical products to improve their stability, bioavailability, and overall efficacy. These excipients can be either natural or synthetic and are added to nutraceutical products to facilitate their manufacturing, processing, and packaging. The nutraceutical excipients market includes a wide range of products, such as binders, fillers, disintegrants, coatings, and lubricants.
The global nutraceutical excipients market is expected to grow at a significant rate in the coming years due to the increasing demand for nutraceutical products and dietary supplements. The market is driven by several factors, including the growing consumer awareness of the benefits of nutraceuticals, the rising demand for functional foods, and the increasing prevalence of chronic diseases. Additionally, the growing geriatric population and the increasing focus on preventive healthcare are expected to drive the demand for nutraceutical products, which in turn is expected to drive the demand for nutraceutical excipients.
The market is segmented based on type, functionality, form, and region. Based on type, the market is segmented into binders, fillers, disintegrants, coatings, lubricants, and others. Based on functionality, the market is segmented into binding, fillers and diluents, disintegrants, coatings, flavoring agents, and others. Based on form, the market is segmented into dry and liquid. Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America and Europe are currently the largest markets for nutraceutical excipients due to the high demand for dietary supplements and functional foods in these regions. However, the Asia Pacific region is expected to grow at the highest rate in the coming years due to the increasing demand for nutraceuticals and dietary supplements in countries such as China and India. The market in Latin America and the Middle East and Africa regions is also expected to grow significantly due to the increasing awareness of the benefits of nutraceutical products.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the nutraceutical excipients market. On one hand, the demand for nutraceutical products has increased during the pandemic, as consumers have become more health-conscious and are seeking ways to boost their immune systems. This increased demand has driven the demand for nutraceutical excipients, which are essential for the manufacturing and processing of these products.
On the other hand, the pandemic has disrupted global supply chains and created logistical challenges, which have affected the production and distribution of nutraceutical products. This has had an impact on the nutraceutical excipients market as well, as manufacturers have faced challenges in sourcing raw materials and delivering finished products to customers.
Additionally, the pandemic has led to economic uncertainty and reduced consumer spending, which has affected the sales of nutraceutical products and, consequently, the demand for nutraceutical excipients. Some manufacturers have also faced challenges in adapting to the changing market conditions and have had to adjust their business strategies to stay competitive.
Despite these challenges, the nutraceutical excipients market is expected to recover and continue to grow in the coming years, driven by the increasing demand for nutraceutical products and the growing focus on preventive healthcare. The pandemic has highlighted the importance of maintaining good health, and consumers are likely to continue seeking ways to improve their overall well-being even after the pandemic is over.
Market Dynamics:
Drivers:
The nutraceutical excipients market is driven by several factors, including:
- Increasing demand for nutraceutical products: The growing demand for nutraceutical products, including dietary supplements, functional foods, and beverages, is driving the demand for nutraceutical excipients. Nutraceutical products are increasingly being used to prevent and treat various health conditions, and consumers are becoming more health-conscious, driving the demand for these products.
- Growing geriatric population: The aging population is driving the demand for nutraceutical products, as older adults are more likely to have chronic health conditions and require more preventive healthcare. Nutraceutical products can help to address these health conditions and improve overall well-being, driving the demand for nutraceutical excipients.
- Increasing prevalence of chronic diseases: The rising incidence of chronic diseases, such as diabetes, cardiovascular disease, and cancer, is driving the demand for nutraceutical products. Nutraceutical products can help to manage these health conditions and improve overall health outcomes, driving the demand for nutraceutical excipients.
- Growing focus on preventive healthcare: There is a growing focus on preventive healthcare, as consumers seek to maintain good health and prevent chronic diseases. Nutraceutical products are increasingly being used as part of a preventive healthcare regimen, driving the demand for nutraceutical excipients.
- Advancements in technology: Technological advancements in the nutraceutical industry are driving the development of new and innovative products, which require specialized nutraceutical excipients. These advancements are driving the demand for nutraceutical excipients, as manufacturers seek to develop new products to meet the changing needs of consumers.
Overall, the nutraceutical excipients market is expected to continue to grow in the coming years, driven by these and other factors, as the demand for nutraceutical products and preventive healthcare continues to increase.
Regional Analysis:
The nutraceutical excipients market is analyzed regionally as follows:
- North America: North America is a major market for nutraceutical excipients, driven by the high demand for dietary supplements and functional foods. The region has a well-established nutraceutical industry, with a large number of manufacturers and suppliers. The United States is the largest market for nutraceutical excipients in the region, followed by Canada.
- Europe: Europe is another significant market for nutraceutical excipients, driven by the growing focus on preventive healthcare and increasing demand for functional foods and dietary supplements. The region has a well-developed regulatory framework for nutraceutical products, which has helped to drive the growth of the market. The United Kingdom, Germany, and France are the largest markets for nutraceutical excipients in the region.
- Asia Pacific: The Asia Pacific region is the fastest-growing market for nutraceutical excipients, driven by the increasing population, rising disposable incomes, and growing demand for preventive healthcare. The region has a large number of manufacturers and suppliers, and countries like China, India, and Japan are the major markets in the region.
- Latin America: Latin America is a growing market for nutraceutical excipients, driven by the increasing demand for dietary supplements and functional foods. The region has a large population and rising disposable incomes, which is driving the demand for nutraceutical products. Brazil and Mexico are the largest markets for nutraceutical excipients in the region.
- Middle East & Africa: The Middle East & Africa is a small but growing market for nutraceutical excipients. The region has a growing demand for dietary supplements and functional foods, driven by the increasing health consciousness among consumers. Countries like Saudi Arabia, South Africa, and UAE are the major markets for nutraceutical excipients in the region.
Market Segmentation:
The nutraceutical excipients market can be segmented based on type, form, application, and geography.
- By Type: a. Fillers & Diluents b. Binders c. Disintegrants d. Coatings e. Flavoring agents f. Lubricants g. Others
- By Form: a. Dry b. Liquid
- By Application: a. Probiotics b. Prebiotics c. Proteins & Amino Acids d. Vitamins & Minerals e. Omega-3 Fatty Acids f. Others
- By Geography: a. North America b. Europe c. Asia Pacific d. Latin America e. Middle East & Africa
Overall, the fillers & diluents segment is the largest in terms of revenue in the nutraceutical excipients market, due to its extensive use in the manufacturing of dietary supplements and functional foods. The vitamins & minerals segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for these nutrients in the prevention and management of chronic diseases.
In terms of form, the dry segment is larger than the liquid segment, due to its ease of handling, longer shelf life, and cost-effectiveness. The probiotics application segment is the largest in terms of revenue, driven by the increasing demand for probiotic supplements and functional foods for gut health.
Geographically, North America and Europe are the largest markets for nutraceutical excipients, due to the well-developed nutraceutical industry and the high demand for dietary supplements and functional foods. However, the Asia Pacific region is expected to grow at the highest CAGR, driven by the increasing population, rising disposable incomes, and growing demand for preventive healthcare.
Competitive Landscape:
Some of the key players operating in the global nutraceutical excipients market include:
- Cargill, Incorporated
- Ingredion Incorporated
- Roquette Freres
- Kerry Group
- Sensient Technologies Corporation
- DuPont de Nemours, Inc.
- BASF SE
- Ashland Global Holdings Inc.
- Archer Daniels Midland Company
- IMCD Group
These companies are focusing on various growth strategies such as mergers & acquisitions, partnerships, and collaborations to strengthen their market position and expand their product portfolio. They are also investing in research and development activities to develop innovative and effective nutraceutical excipients to meet the changing needs of the consumers. The market is highly competitive and fragmented, with a large number of small and large players operating in the market.
Global Nutraceutical Excipients Market: Regional AnalysisThe countries covered in the regional analysis of the Global Nutraceutical Excipients market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Nutraceutical Excipients market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Nutraceutical Excipients would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Nutraceutical Excipients Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Nutraceutical Excipients Revenue
1.4 Market Analysis by Type
1.4.1 Global Nutraceutical Excipients Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Dry
1.4.3 Liquid
1.5 Market by Application
1.5.1 Global Nutraceutical Excipients Market Share by Application: 2023-2032
1.5.2 Prebiotics
1.5.3 Probiotics
1.5.4 Proteins & Amino Acids
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Nutraceutical Excipients Market
1.8.1 Global Nutraceutical Excipients Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Nutraceutical Excipients Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Nutraceutical Excipients Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Nutraceutical Excipients Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Nutraceutical Excipients Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Nutraceutical Excipients Sales Volume Market Share by Region (2017-2022)
3.2 Global Nutraceutical Excipients Sales Revenue Market Share by Region (2017-2022)
3.3 North America Nutraceutical Excipients Sales Volume
3.3.1 North America Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.3.2 North America Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Nutraceutical Excipients Sales Volume
3.4.1 East Asia Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Nutraceutical Excipients Sales Volume (2017-2022)
3.5.1 Europe Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Nutraceutical Excipients Sales Volume (2017-2022)
3.6.1 South Asia Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Nutraceutical Excipients Sales Volume (2017-2022)
3.7.1 Southeast Asia Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Nutraceutical Excipients Sales Volume (2017-2022)
3.8.1 Middle East Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Nutraceutical Excipients Sales Volume (2017-2022)
3.9.1 Africa Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Nutraceutical Excipients Sales Volume (2017-2022)
3.10.1 Oceania Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Nutraceutical Excipients Sales Volume (2017-2022)
3.11.1 South America Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.11.2 South America Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Nutraceutical Excipients Sales Volume (2017-2022)
3.12.1 Rest of the World Nutraceutical Excipients Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Nutraceutical Excipients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Nutraceutical Excipients Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Nutraceutical Excipients Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Nutraceutical Excipients Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Nutraceutical Excipients Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Nutraceutical Excipients Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Nutraceutical Excipients Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Nutraceutical Excipients Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Nutraceutical Excipients Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Nutraceutical Excipients Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Nutraceutical Excipients Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Nutraceutical Excipients Sales Volume Market Share by Type (2017-2022)
14.2 Global Nutraceutical Excipients Sales Revenue Market Share by Type (2017-2022)
14.3 Global Nutraceutical Excipients Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Nutraceutical Excipients Consumption Volume by Application (2017-2022)
15.2 Global Nutraceutical Excipients Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Nutraceutical Excipients Business
16.1 KERRY
16.1.1 KERRY Company Profile
16.1.2 KERRY Nutraceutical Excipients Product Specification
16.1.3 KERRY Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 ABF
16.2.1 ABF Company Profile
16.2.2 ABF Nutraceutical Excipients Product Specification
16.2.3 ABF Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 ROQUETTE FRERES
16.3.1 ROQUETTE FRERES Company Profile
16.3.2 ROQUETTE FRERES Nutraceutical Excipients Product Specification
16.3.3 ROQUETTE FRERES Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 DowDuPont
16.4.1 DowDuPont Company Profile
16.4.2 DowDuPont Nutraceutical Excipients Product Specification
16.4.3 DowDuPont Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 INGREDION
16.5.1 INGREDION Company Profile
16.5.2 INGREDION Nutraceutical Excipients Product Specification
16.5.3 INGREDION Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 MEGGLE
16.6.1 MEGGLE Company Profile
16.6.2 MEGGLE Nutraceutical Excipients Product Specification
16.6.3 MEGGLE Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 HILMAR INGREDIENTS
16.7.1 HILMAR INGREDIENTS Company Profile
16.7.2 HILMAR INGREDIENTS Nutraceutical Excipients Product Specification
16.7.3 HILMAR INGREDIENTS Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 JRS PHARMA
16.8.1 JRS PHARMA Company Profile
16.8.2 JRS PHARMA Nutraceutical Excipients Product Specification
16.8.3 JRS PHARMA Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 SENSIENT
16.9.1 SENSIENT Company Profile
16.9.2 SENSIENT Nutraceutical Excipients Product Specification
16.9.3 SENSIENT Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 INNOPHOS
16.10.1 INNOPHOS Company Profile
16.10.2 INNOPHOS Nutraceutical Excipients Product Specification
16.10.3 INNOPHOS Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 CARGILL
16.11.1 CARGILL Company Profile
16.11.2 CARGILL Nutraceutical Excipients Product Specification
16.11.3 CARGILL Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 IMCD
16.12.1 IMCD Company Profile
16.12.2 IMCD Nutraceutical Excipients Product Specification
16.12.3 IMCD Nutraceutical Excipients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Nutraceutical Excipients Manufacturing Cost Analysis
17.1 Nutraceutical Excipients Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Nutraceutical Excipients
17.4 Nutraceutical Excipients Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Nutraceutical Excipients Distributors List
18.3 Nutraceutical Excipients Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Nutraceutical Excipients (2023-2032)
20.2 Global Forecasted Revenue of Nutraceutical Excipients (2023-2032)
20.3 Global Forecasted Price of Nutraceutical Excipients (2017-2032)
20.4 Global Forecasted Production of Nutraceutical Excipients by Region (2023-2032)
20.4.1 North America Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.3 Europe Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.7 Africa Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.9 South America Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Nutraceutical Excipients Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Nutraceutical Excipients by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Nutraceutical Excipients by Country
21.2 East Asia Market Forecasted Consumption of Nutraceutical Excipients by Country
21.3 Europe Market Forecasted Consumption of Nutraceutical Excipients by Countriy
21.4 South Asia Forecasted Consumption of Nutraceutical Excipients by Country
21.5 Southeast Asia Forecasted Consumption of Nutraceutical Excipients by Country
21.6 Middle East Forecasted Consumption of Nutraceutical Excipients by Country
21.7 Africa Forecasted Consumption of Nutraceutical Excipients by Country
21.8 Oceania Forecasted Consumption of Nutraceutical Excipients by Country
21.9 South America Forecasted Consumption of Nutraceutical Excipients by Country
21.10 Rest of the world Forecasted Consumption of Nutraceutical Excipients by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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