Overview:
The global nutraceutical
excipients market Sizeis growing
pervasively. The market growth is mainly driven by the burgeoning nutraceutical
sector. In 2017, the market had reached USD 3104.96 Mn and is expected to value
at USD 4818.70 Mn. by 2023. Excipients are inactive components added to
nutraceuticals during its production to help stabilize the ingredients.
Nutraceutical excipients perceive augmenting demand, which in turn,
substantiates its market size globally.
Hike in investment related to healthcare,
transforming lifestyle triggering various diseases, and others are major
factors that can significantly inspire the growth rate of the market. The
growing awareness among people regarding health benefits, an increasing number
of products entering the pipeline, and others can inspire the growth of the
market. On the other hand, stringent regulations can hold back the growth rate
in the coming years. But the market can bank on the developing technologies for
better growth assistance.
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Competitive Landscape:
A lot of companies are trying to make the market for the global
nutraceutical excipients prosper with high growth opportunities. These segments
are known for extensive participation in taking the market ahead. MRFR recorded
their recent steps to gauge in which direction the market is moving and find
better growth possibilities there. These companies are Ingredion, Cargill
Corporation, Kerry, Sensient Technology Corporation, Associated British Foods
plc, JRS PHARMA, Roquette Freres SA, DowDupont, Innophos, Inc., and Hilmar
Ingredients.
Segmentation:
The global market for nutraceutical excipients is set to find a segmentation
in the report that would be based on form, function, type, and application. These
segments have a better acceptance of various factors that can be taken into
consideration to understand how the market can chart the future path.
By function, the market for nutraceutical excipients can be segmented
into fillers, diluents & bulking agents, disintegrants, binders, lubricants,
sweeteners, coating agents, and colors & flavors. The fillers, diluents
& bulking agents have a chance to expand at 8.34% CAGR during the forecast
period.
By form, the market for nutraceutical excipients can be segmented into
liquid and dry. The former has a better market share. It has a coverage of
almost 55% of the global market. It had a market valuation of USD 1 Bn in 2017.
The dry segment can score a 7.34% CAGR during the review period.
By application, the market for nutraceutical excipients can be segmented
into omega-3 fatty acids, proteins & amino acids, probiotics &
prebiotics, and vitamins & minerals. The probiotics & prebiotics
segment had the market command in 2017 when it had coverage of 47.5% market
share. Its CAGR would be impressive. However, the vitamins & minerals
segment has the chance for growth with a CAGR of 7.92% during the forecast
period.
By type, the market report that includes nutraceutical excipients can be
segmented into artificial and natural/organic. The artificial segment had
better market dominance in 2018. But growing consumer awareness can inspire a better
intake of the natural/organic nutraceuticals products.
Regional Analysis:
The Americas have a high chance of
contributing the maximum revenues in terms of fetching from the profit. The
regional market has North and South America. North America includes the US and
Canada where various global nutraceutical excipients market players are gaining
hike from increasing chronic diseases, high health-related investment, better
awareness, assistance from various policies, and others are expected to create
better provision for the global market. Various changes in the lifestyle have
influenced a hike in various diseases like diabetes, respiratory issues, and
others. The market in Europe is expected to establish itself as the second-best
market. Its resemblance to North America can inspire better market growth.
Health cost expenditure in the region is quite high owing to which the market
can witness better growth. Its intake as a preventive measure is quite high in
the region.
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