The nutraceutical industry has been experiencing significant growth in recent years, and along with it, the demand for nutraceutical excipients has also increased. Nutraceutical excipients are substances that are added to nutraceutical formulations to improve their stability, bioavailability, and overall performance.
The market for nutraceutical excipients includes binders, fillers, disintegrants, lubricants, coatings, flavouring agents, and many other ingredients. These excipients are necessary for a number of processes in the manufacturing of nutraceutical goods, including the formulation, compression, and encapsulation of tablets.
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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.
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.
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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.
Who is Winning?
Leading players operating in the nutraceutical excipients market include
- Ingredion Incorporated
- Cargill Incorporated
- Dow Du Pont Inc.
- Kerry Group PLC
- Roquette Frères SA
- Ashland Global Holdings Inc.
- BASF SE
- SPI Pharma Inc.
- Innophos Inc.
- JRS Pharma LP
- Hilmar Ingredients Inc.
- Galenova Inc.
- Others
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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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