Nutraceutical Excipient Sales to Rise at 10.4% CAGR through 2033 Amid Rising Consumption of Nutraceuticals Worldwide | Future Market Insights, Inc.

According to latest analysis by Future Market Insights (FMI), the global nutraceutical excipients market is valued at US$ 2,427.8 million in 2023 and it is anticipated to reach US$ 6,539.0 million by 2033. Total nutraceutical excipient sales are poised to surge at a CAGR of 10.4% from 2023 to 2033.

Rising demand for nutraceutical products across the world along with growing adoption of healthy lifestyles is a key factor expected to drive the global nutraceutical excipients market during the forecast period from 2023 and 2033.

Consuming nutraceuticals promotes overall health and prevents the development or acquisition of diseases in individuals. Hence, people today are showing a keen inclination towards using a wide range of nutraceutical products. This in turn will continue to bolster nutraceutical excipient sales during the projection period.

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Rising demand for nutraceutical products from surging geriatric population is expected to boost the global nutraceutical excipients market.

Global aging population is increasing rapidly. For instance, as per data from the World Population Prospects 2019, 1 in 6 people in the world will be over the age of 65 by 2050. As to maintain overall health, old people often consume nutraceutical products. This will positively impact the growth of the nutraceutical excipients market.

Similarly, advancements in nanotechnology, growing usage of multifunctional excipients, and rising popularity of preventive healthcare are expected to elevate demand for nutraceutical excipients in the global market.

Key Takeaways from the Report:

  • Global sales of nutraceutical excipients are forecast to increase at 10.7% CAGR between 2023 and 2033.
  • By product type, binder and fillers & dilutes segments collectively hold a prominent share of the global nutraceutical excipients industry.
  • Based on end use, prebiotic and probiotics segment is expected to register significant growth during the next ten years.
  • Based on form, demand is expected to remain high for dry nutraceutical excipients during the assessment period.
  • The USA nutraceutical excipients market is forecast to accelerate at 7.1% CAGR between 2023 and 2033.
  • Nutraceutical excipients demand in India is slated to rise at 9.8% CAGR during the next ten years.
  • The United Kingdom nutraceutical excipients market is set to reach a valuation of US$ 255.6 million by 2033.

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Who is Winning?

Leading players operating in nutraceutical excipients market include Ingredion Incorporate, Dow Du Pont Inc., Ashland Global Holdings Inc., Kerry Group PLC, Roquette Frères SA, and Cargill Incorporated

Get Valuable Insights into Nutraceutical Excipients Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the nutraceutical excipients market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study divulges compelling and detailed insights on the nutraceutical excipients market based on product type (fillers & diluents, binders, disintegrants, coating agent, flavoring agents, lubricants), end use (protein & amino acids, prebiotics & probiotics, vitamins, and others), and form (dry, liquid) across several regions.

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Global Nutraceutical Excipients Industry by Category

By Product Type:

  • Fillers & Diluents
  • Binders
  • Disintegrants
  • Coating agent
  • Flavoring Agents
  • Lubricants

By End Use:

  • Protein and Amino Acids
  • Prebiotics and Probiotics
  • Vitamins
  • Others

By Form:

  • Dry
  • Liquid

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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