Nutraceutical Excipients Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 4.32 Billion
CAGR (2023-2028)	6.79%
Fastest Growing Segment	Binders
Largest Market	North America

Market Overview

Global Nutraceutical Excipients Market has valued at USD 4.32 Billion in 2022 and is anticipated to grow with a CAGR of 6.79% through 2028. Nutraceutical excipients encompass all components of a drug except for the active nutraceutical ingredients. These molecules do not possess inherent medicinal properties; their primary purpose is to enhance the physiological absorption of the drug. Nutraceutical excipients are inert in nature, allowing the drug molecule to be administered to patients in the appropriate form. Traditionally, nutraceutical excipients were simple molecules, but advancements in technology and the growing demand for novel drug delivery systems have led to an increase in the complexity of nutraceutical excipients. They play a crucial role in promoting patient acceptance of the drug and improving its stability and bioavailability.

The field of excipients science and technology has undergone significant changes and continues to evolve. Notable progress has been made in areas such as the standardization of excipient monographs and the application of new analytical methods for more precise characterization of excipients.

Key Market Drivers

Increasing Application of Nutraceuticals

Nutraceuticals, derived from the combination of nutritional and pharmaceutical, utilize nutraceutical excipients, also known as "functional foods," to enhance the efficacy of active ingredients in solutions. These excipients, prepared with Active Pharmaceutical Ingredients (API), are widely employed in standardized and pharmaceutical-grade supplements. The significant rise in medical costs has had a profound impact on the nutraceutical excipient market. Excipients, which are inert substances introduced during the manufacturing process or included in the dosage form of nutraceutical products, play a crucial role in adding bulk to solid formulations, ensuring long-term stability, and facilitating drug absorption. Moreover, they enhance the overall safety and functional properties of the product during use or storage. Due to their versatile applications, excipients have become a household name in the field. Consequently, the growing demand for excipients in the global nutraceutical excipient market is driven by the expanding utilization of nutraceuticals in the treatment of chronic diseases.

Technological Developments

Multifunctional excipients constitute a category of excipients encompassing pre-processed and co-processed variants, which bestow added functionalities to the formulation. These augmented functionalities encompass aspects such as flowability, compressibility, particle size distribution, shape, and porosity, among others.

The recent surge in demand for specialty excipients, collectively referred to as multifunctional excipients, can be attributed to the growing interest in rigorous manufacturing processes and the emphasis on alternative delivery systems. In addressing the issue of drug toxicity, nanotechnology-enabled drug delivery systems have gained considerable prominence. Two primary approaches are employed to utilize nanotechnology as a drug delivery system: reducing the size of nutraceutical drug crystals to enhance solubility and bioavailability and employing some form of nano-carrier for the effective delivery of active ingredients.

Increasing Demand of Nutraceutical Excipients

The growing interest in health and wellness, coupled with a rising awareness of preventive healthcare, has led to an increased demand for nutraceutical products. Nutraceutical excipients play a vital role in formulating these products to deliver the desired health benefits to consumers.

Nutraceutical excipients serve a wide range of functions, such as improving product stability, enhancing bioavailability, providing taste masking, controlling release profiles, and ensuring content uniformity. This diversity of functions makes them essential components in various nutraceutical formulations.

Innovation in Nanotechnology

The introduction of innovative excipient technologies has expanded the possibilities for nutraceutical product development. Novel excipients with enhanced functionalities, such as nanotechnology-based excipients, have opened new avenues for product formulation and differentiation. Nanotechnology-enabled drug delivery systems (NDDS) are employed to address the challenge of drug toxicity. Nutraceutical excipient manufacturers are offering customized solutions and excipient blends that meet the specific needs of different nutraceutical formulations. This flexibility allows formulators to create products optimized for target markets and consumer preferences. Ongoing research and development efforts in the nutraceutical industry have led to the development of novel formulations, including complex delivery systems and combination products. Nutraceutical excipients are crucial in enabling these advancements and improving the performance of such formulations.

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Key Market Challenges

Side Effects Associated to Nutraceutical Excipients

Most nutraceuticals contain excipients, which serve various purposes. These excipients play a crucial role in enhancing product performance, such as facilitating formulations, improving patient acceptance and compliance, or delivering more effective and safe drugs like modified release formulations or taste-masked syrups for children.

It is important to note that nutraceutical excipients are not always inert substances as commonly assumed. They can cause intolerance in individuals or, if not carefully screened, lead to chemical changes in the drug, resulting in side effects. This aspect poses a challenge to the market and can impact the demand for such excipients.

High Cost of R&D Investment

Excipients and nutraceutical products undergo extensive clinical and chemical development, necessitating significant R&D investments, clinical trials, and approvals from relevant authorities across different countries/regions. Moreover, the development of such products is a long-term endeavor encompassing formulation, trial & testing, and commercialization. However, substantial R&D investments do not always yield proportional productivity returns. Even after a successful molecule discovery, the costs associated with introducing a new nutraceutical product or excipient to the market are significantly high. Additionally, competing players in the market may develop alternative and cost-effective solutions, further complicating the trial and testing process and leading to wastage of time, money, and effort invested in advancing the later stages of product development. Consequently, the risk of failure remains considerable. Furthermore, the expense of conducting clinical trials to establish the effectiveness of an excipient is relatively high, posing a significant barrier to the market introduction of novel excipients.

Key Market Trends

Increasing Need for Different Delivery Methods and Dosage Forms

The development of new treatments or preventive supplements, such as nutraceuticals, for chronic diseases, along with increased access to medication through generic drug production and heightened research and development spending, plays a crucial role in boosting alternative routes. Furthermore, advancements in novel drug delivery systems (NDDS) and alternative dosage formulations and routes of administration are expected to drive the demand for new excipients and present opportunities for market growth.

Growing Demand of Plant-based Excipients

The growing demand for plant-based and vegan products extended to nutraceutical excipients as well. Manufacturers were exploring plant-based excipients to replace traditional excipients derived from animal or synthetic sources.

As the nutraceutical industry continued to diversify, there was an increasing need for excipient solutions tailored to specific product requirements. Customized excipients offered unique functionalities and allowed manufacturers to differentiate their products in the market.

Segmental Insights

Functionality Insights

The binder segment, depending on its functionality, holds a dominant position in the nutraceutical excipients market and is expected to have a significant impact. Binder excipients play a crucial role in maintaining the structural integrity of formulations, particularly in tablets. By effectively holding the constituents together, binders enable the production of tablets, powders, granules, and other products with the necessary mechanical strength.

Fillers and diluents also play a substantial role in the nutraceutical excipients market. A diluent acts as a substance that dilutes, addressing concerns related to the flow and pumpability of dense or viscous liquids. Fillers, on the other hand, enhance the volume of a product and aid in the absorption of active chemicals by consumers. By improving performance and adding volume or weight, fillers contribute to the cost-effectiveness of solid materials. The inclusion of fillers in supplements helps combine and stabilize the formulation.

End-Product Insights

Probiotics are expected to be the fastest growing segment in the forecast year. Probiotics, comprising yeast and beneficial bacteria, offer numerous advantages to consumers. These include improved digestion, enhanced gut health, strengthened immunity, increased nutrient absorption, and reduced risk of food allergies. Probiotic products are available in various forms, such as yogurt, drinks, tablets, and capsules. However, developing a commercially viable probiotic formulation poses two primary challenges. First, ensuring the quality of health attributes conferred by probiotic organisms. Second, maintaining formula stability throughout its shelf life.

Companies are actively engaged in the development and provision of probiotic blend products, including APIs (Active Pharmaceutical Ingredient), incorporating diverse excipients. Among these excipients, mannitol has been identified as the most suitable, effectively enhancing the shelf life of end-products. Notably, on September 13, 2022, Nestle's Garden of Life introduced two new probiotics targeting children's growth and immune health in China's offline retail market. Similarly, on June 1, 2022, Amway Korea launched a precision probiotics service that analyzes users' feces to provide tailored recommendations for improving their gut microbiome and increasing the production of beneficial short-chain fatty acids.

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Regional Insights

North America is projected to maintain its dominance in the Nutraceutical Excipients Market in 2022. This can be attributed to the presence of major international companies such as DuPont (US), Kerry (Ireland), and Cargill (US) in the region. Furthermore, the busy lifestyles of consumers, the prevalence of chronic diseases resulting from hectic lifestyles, and increasing consumer awareness of the health benefits of nutritional foods, including food supplements, have all contributed to the growth of the Nutraceutical Excipients Market in North America. As a result, the demand for functional food products has witnessed a significant surge.

Recent Developments

In June 2020, IMCD announced the expansion of its partnership with DuPont Health and Nutrition (US). This strategic move will enhance the market presence of both companies in Kenya, Uganda, and Egypt, as they collaborate to offer an extensive range of products to various industry segments.

In March 2020, Azelis Chemical Ltd entered into an agreement to acquire Cos Bond (China), a specialized distributor of chemicals and food ingredients. This significant development has enabled Azelis to reinforce its distribution network in the Chinese market, leveraging the expertise and extensive reach of CosBond’s existing network channels.

In December 2019, DuPont entered into an agreement to merge its Nutrition & Biosciences business with IFF (US), resulting in the formation of a combined company valued at USD 45.4 Billion. DuPont held a majority stake of 55.4%, while IFF owned the remaining 44.6%, as mutually agreed upon. This strategic move is expected to significantly enhance the company's capabilities in providing nutritional ingredients and solutions to global consumers.

In April 2021, DFE Pharma, a renowned global leader in pharmaceutical excipient solutions, successfully launched its new product line BioHale® to effectively address worldwide supply challenges faced by biopharmaceutical companies.

In November 2019, Innophos Holdings, Inc., a prominent international producer of essential ingredients, expanded its portfolio of co-processed, multifunctional excipients with the introduction of A-Tab® MD at the CPhI 2019 tradeshow and expo held from November 5-7 at Messe Frankfurt GmbH in Frankfurt, Germany.

Key Market Players

ABF Ingredients
Cargill, Inc.
Dow, Inc.
DuPont de Nemours, Inc.
EGGLE Wasserburg Verwaltungs GmbH
Hilmar Ingredients
IMCD Group BV
Ingredion, Inc.
Innophos Holdings, Inc.
Jrs Pharma GmbH Co. KG

By Form	By Functionality	By End Product	By Distribution Channel	By Region
Liquid Dry	Binders Disintegrants Flavoring Agents Coating Agents Fillers & Diluents Lubricants Other Functionalities	Protein & Amino Acids Vitamins Probiotics Omega-3 fatty acids Minerals Other End Products	Direct Tender Retail Sales Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Nutraceutical Excipients Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Nutraceutical Excipients Market, By Form:

o Liquid

o Dry

· Nutraceutical Excipients Market, By Functionality:

o Binders, Disintegrants

o Flavoring Agents

o Coating Agents

o Fillers & Diluents

o Lubricants

o Other Functionalities

· Nutraceutical Excipients Market, By End Product:

o Protein & Amino Acids

o Vitamins

o Probiotics

o Omega-3 fatty acids

o Minerals

o Other End Products

· Nutraceutical Excipients Market, By Distribution Channel:

o Direct Tender

o Retail Sales

o Others

· Nutraceutical Excipients Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Nutraceutical Excipients Market.

Available Customizations:

Global Nutraceutical Excipients Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Nutraceutical Excipients Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Nutraceutical Excipients Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Form (Liquid, Dry)

5.2.2. By Functionality (Binders, Disintegrants, Flavoring Agents, Coating Agents, Fillers & Diluents, Lubricants, Other Functionalities)

5.2.3. By End-Product (Protein & Amino Acids, Vitamins, Probiotics, Omega-3 fatty acids, Minerals, Other End Products)

5.2.4. By Distribution Channel (Direct Tender, Retail Sales and Others),

5.2.5. By Region

5.2.6. By Company (2022)

5.3. Market Map

6. North America Nutraceutical Excipients Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form

6.2.2. By Functionality

6.2.3. By End-Product

6.2.4. By Distribution Channel

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Nutraceutical Excipients Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Form

6.3.1.2.2. By Functionality

6.3.1.2.3. By End-Product

6.3.1.2.4. By Distribution Channel

6.3.2. Canada Nutraceutical Excipients Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Form

6.3.2.2.2. By Functionality

6.3.2.2.3. By End-Product

6.3.2.2.4. By Distribution Channel

6.3.3. Mexico Nutraceutical Excipients Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Form

6.3.3.2.2. By Functionality

6.3.3.2.3. By End-Product

6.3.3.2.4. By Distribution Channel

7. Europe Nutraceutical Excipients Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Form

7.2.2. By Functionality

7.2.3. By End-Product

7.2.4. By Distribution Channel

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Nutraceutical Excipients Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Form

7.3.1.2.2. By Functionality

7.3.1.2.3. By End-Product

7.3.1.2.4. By Distribution Channel

7.3.2. United Kingdom Nutraceutical Excipients Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Form

7.3.2.2.2. By Functionality

7.3.2.2.3. By End-Product

7.3.2.2.4. By Distribution Channel

7.3.3. Italy Nutraceutical Excipients Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecasty

7.3.3.2.1. By Form

7.3.3.2.2. By Functionality

7.3.3.2.3. By End-Product

7.3.3.2.4. By Distribution Channel

7.3.4. France Nutraceutical Excipients Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Form

7.3.4.2.2. By Functionality

7.3.4.2.3. By End-Product

7.3.4.2.4. By Distribution Channel

7.3.5. Spain Nutraceutical Excipients Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Form

7.3.5.2.2. By Functionality

7.3.5.2.3. By End-Product

7.3.5.2.4. By Distribution Channel

8. Asia-Pacific Nutraceutical Excipients Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Form

8.2.2. By Functionality

8.2.3. By End-Product

8.2.4. By Distribution Channel

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Nutraceutical Excipients Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Form

8.3.1.2.2. By Functionality

8.3.1.2.3. By End-Product

8.3.1.2.4. By Distribution Channel

8.3.2. India Nutraceutical Excipients Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Form

8.3.2.2.2. By Functionality

8.3.2.2.3. By End-Product

8.3.2.2.4. By Distribution Channel

8.3.3. Japan Nutraceutical Excipients Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Form

8.3.3.2.2. By Functionality

8.3.3.2.3. By End-Product

8.3.3.2.4. By Distribution Channel

8.3.4. South Korea Nutraceutical Excipients Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Form

8.3.4.2.2. By Functionality

8.3.4.2.3. By End-Product

8.3.4.2.4. By Distribution Channel

8.3.5. Australia Nutraceutical Excipients Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Form

8.3.5.2.2. By Functionality

8.3.5.2.3. By End-Product

8.3.5.2.4. By Distribution Channel

9. South America Nutraceutical Excipients Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Form

9.2.2. By Functionality

9.2.3. By End-Product

9.2.4. By Distribution Channel

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Nutraceutical Excipients Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Form

9.3.1.2.2. By Functionality

9.3.1.2.3. By End-Product

9.3.1.2.4. By Distribution Channel

9.3.2. Argentina Nutraceutical Excipients Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Form

9.3.2.2.2. By Functionality

9.3.2.2.3. By End-Product

9.3.2.2.4. By Distribution Channel

9.3.3. Colombia Nutraceutical Excipients Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Form

9.3.3.2.2. By Functionality

9.3.3.2.3. By End-Product

9.3.3.2.4. By Distribution Channel

10. Middle East and Africa Nutraceutical Excipients Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Form

10.2.2. By Functionality

10.2.3. By End-Product

10.2.4. By Distribution Channel

10.2.5. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Nutraceutical Excipients Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Form

10.3.1.2.2. By Functionality

10.3.1.2.3. By End-Product

10.3.1.2.4. By Distribution Channel

10.3.2. Saudi Arabia Nutraceutical Excipients Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Form

10.3.2.2.2. By Functionality

10.3.2.2.3. By End-Product

10.3.2.2.4. By Distribution Channel

10.3.3. UAE Nutraceutical Excipients Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Form

10.3.3.2.2. By Functionality

10.3.3.2.3. By End-Product

10.3.3.2.4. By Distribution Channel

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments

12.2. Product Launches

12.3. Mergers & Acquisitions

13. Global Nutraceutical Excipients Market: SWOT Analysis

14. Competitive Landscape

14.1. Business Overview

14.2. Product Offerings

14.3. Recent Developments

14.4. Key Personnel

14.5. SWOT Analysis

14.5.1. ABF Ingredients

14.5.2. Cargill, Inc.

14.5.3. Dow, Inc.

14.5.4. DuPont de Nemours, Inc.

14.5.5. EGGLE Wasserburg Verwaltungs GmbH

14.5.6. Hilmar Ingredients

14.5.7. IMCD Group BV

14.5.8. Ingredion, Inc.

14.5.9. Innophos Holdings, Inc.

14.5.10. Jrs Pharma GmbH Co. KG

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Nutraceutical Excipients Market in 2022?

The market size of the Global Nutraceutical Excipients Market was estimated to be USD 4.32 Billion in 2022.

Which was the dominant segment by form in the Global Nutraceutical Excipients Market in 2022?

The Dry segment is anticipated to drive market growth in the forecast period. The dry form's popularity can be attributed to its cost-effectiveness and convenience across various applications. The growth of the dry segment in the market is fueled by the rising demand for dry beverage mixes with added nutrients, including customized blends, and consumer preference for fortified beverages.

Which is the dominant region in the Global Nutraceutical Excipients Market?

Based on regional analysis, the global nutraceutical excipients market is categorized into North America, Europe, Asia Pacific, and Rest of the World. In the forecast period, Asia Pacific is anticipated to dominate the market due to factors such as increasing income and purchasing power, rapid growth of the middle-class population, rising consumer awareness about health and fitness, and growing demand for nutritional and healthy products. These factors offer promising growth and diversification prospects in the region's food sectors, particularly in the field of nutraceuticals.

What are the major drivers for the Global Nutraceutical Excipients Market?

Enhanced bioavailability and absorption and integration of nanotechnology are the major drivers for the Global Nutraceutical Excipients Market.

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Press Release

Global Nutraceutical Excipients Market to Grow with a CAGR of 6.79% through 2028

Aug, 2023

Increasing application of nutraceuticals and rising demand is expected to drive the Global Nutraceutical Excipients Market growth in the forecast period, 2024-2028.

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