Nutraceutical Excipients Market: Drivers, Restraints, Opportunities, and Challenges

Northbrook, USA, 2020-Feb-20 — /Network/ — The nutraceutical excipients market is estimated at USD 2.96 Billion in 2017, and is projected to reach a value of USD 4.27 Billion by 2022, at a CAGR of 7.6%. The market is segmented on the basis of functionality, end product, form, and region. The functionalities of nutraceutical excipients include binders, fillers & diluents, disintegrants, coating agents, flavoring agents, and lubricants. On the basis of end product, the market is segmented into prebiotics, probiotics, proteins & amino acids, vitamins, minerals, and omega-3 fatty acids. The market has been segmented on the basis of form into dry and liquid. On the basis of key regions, the nutraceutical excipients market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

On the basis of functionality, the lubricants segment is projected to grow at the highest CAGR from 2017 to 2022. Lubricants are used to lower the friction during the manufacturing of tablets and are widely used in the nutraceuticals industry. Lubricants enhance the quality of the end product and support some of the processing features, such as smooth ejection of the tablet from the tablet mold, thus quickening the manufacturing process.

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Based on form, the dry segment is projected to grow at the highest CAGR between 2017 and 2022. Increase in demand for dry beverage mixes with additional nutrients (including customized mixes) and consumer preference for fortified beverages are fueling the growth of the dry segment in the nutraceutical excipients market.

The Asia Pacific region is projected to be the fastest-growing market for nutraceutical excipients from 2017 to 2022. The rise in income and purchasing power, rapid growth of the middle-class population, increase in consumer awareness about health & fitness, and rise in consumer demand for nutritional & healthy products provide promising prospects for growth and diversification in the region’s food sectors, such as nutraceuticals.

North America accounted for the largest market share in 2016. The nutraceutical excipients market is consolidated in North America and dominated by a few companies such as DuPont, Kerry, Cargill, and Ingredion. The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions.

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Kerry (Ireland), ABF (UK), DuPont (US), Ingredion (US), and Sensient (US), Roquette Frères (France), Meggle (Germany), Hilmar Ingredients (US), JRS Pharma (Germany), Innophos (US), Cargill (US), and IMCD (Netherlands).