The global nutraceutical excipient market is estimated to reach US$ 2663.4 million in 2024. With the rising demand for dietary supplements and functional foods, the market is projected to register a CAGR of 6.4% from 2024 to 2034, reaching a valuation of US$ 4958.7 million by 2034.
| Attributes | Key Insights |
|---|---|
| Nutraceutical Excipient Market Size (2024E) | US$ 2,663.4 million |
| Nutraceutical Excipient Value (2034F) | US$ 4,958.7 million |
| Value-based CAGR (2024 to 2034) | 6.4% |
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The rising acceptance of preventive healthcare, increasing geriatric population, and easy accessibility of healthcare products through e-commerce sales platforms are projected to fuel the market by 2034. High demand from health and wellness-conscious consumers is fueling growth of the nutraceutical excipient market.
Developments in processing technologies such as nanotechnology, rising demand for tailored medication per target customer, and increasing usage of multidimensional & multifunctional excipients are creating opportunities for nutraceutical excipient manufacturers. The market is further propelled by changing consumer preferences for preventive healthcare and maintenance of lifestyle illnesses.
Manufacturers are prioritizing sustainability in excipient selection, focusing on eco-friendly & biodegradable alternatives, and reducing environmental impact through sustainable sourcing practices, green manufacturing processes, and recyclable packaging materials. Demand for several nutraceutical dosage forms, including soft gels, capsules, tablets, powders, and gummies, is increasing due to the importance of excipients in their properties.
The market is projected to grow due to increasing end-use applications in probiotics, prebiotics, minerals, vitamins, and proteins, as well as the rise in lifestyle diseases. Furthermore, the effectiveness of an excipient can be enhanced by its ability to enhance the solubility and bioavailability of medicinal products.
The market grew at a substantial CAGR of 5.8% from 2019 to 2023. Increasing cases of illnesses related to heart disease, cancer, and diabetes have resulted in a high demand for dietary supplement products. This surging demand led to an increase in the market growth worldwide.
The market is estimated to surge at a CAGR of 6.4% and is set to reach US$ 4958.7 million by 2034, owing to increasing demand for innovative medicinal products. Also, rising health consciousness and growing preventive healthcare among consumers, especially across developing economies, will certainly impact nutraceutical excipient sales during the forecast period.
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Nutraceutical manufacturers increasingly seek excipient solutions tailored to specific formulation requirements and product characteristics. Technological developments such as spray drying, freeze drying, and granulation techniques are being adopted to enhance the functionality and performance of excipients.
The rise in e-commerce is projected to surge the market amid growing health-conscious consumers, thereby boosting demand. Growing demand for innovative supplements due to lifestyle changes has fueled growth of the market, addressing various lifestyle diseases.
Future Market Insights (FMI) presents a comparative analysis and review of the growth rates and further development prospects in the global infant formula market and the global prebiotic ingredient market. Both markets are predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.
Nutraceutical Excipient Market:
| Attributes | Nutraceutical Excipient Demand Analysis |
|---|---|
| CAGR (2024 to 2034) | 6.4% |
| Growth Opportunities for Nutraceutical Excipients | Innovative delivery systems like nanoemulsions, liposomes, and nanoparticles are being explored for improved nutraceutical ingredient delivery, with excipients essential for stabilizing these systems and enhancing their efficacy. |
| Trends in the Nutraceutical Excipient Market | Consumers are increasingly seeking natural and clean-label ingredients in nutraceutical products, pushed by a preference for products with minimal additives. |
Infant Formula Market:
| Attributes | Infant Formula Market |
|---|---|
| CAGR (2024 to 2034) | 8.7% |
| Growth Factor | Increasing global population, rising number of working mothers, and upswing in premature birth rates in developing countries fuel demand in the infant formula market. |
| Opportunity | Developments in processing technology and the inclusion of new raw materials for organic & clean-label claims are set to create new growth opportunities in the market. |
| Key Trends | Growing demand for infant formula with claims such as organic and clean labels for more safety of infants is a key trend. |
Prebiotic Ingredient Market:
| Attributes | Prebiotic Ingredient Market |
|---|---|
| CAGR (2024 to 2034) | 6.7% |
| Growth Factor | Prebiotic ingredients offer several health benefits, such as helping to ease constipation, maintain low cholesterol levels, increase mineral absorption in the intestine, help in digestion, and support the immune system of consumers. |
| Opportunity | Increasing research & development of prebiotics for discovering the importance of gut microflora in the health and well-being of consumers in physical and mental ways is a new opportunity. These studies educate and attract consumers to adopt probiotics in their daily lives. |
| Key Trends | Manufacturers are developing various prebiotic ingredients with improved efficiency and efficacy with clean labels & cost-effective organic forms. |
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The section below offers in-depth analyses of the nutraceutical excipient market. The two key categories of the research are end-use and form. Through a comprehensive examination, this section attempts to provide knowledge of these segments and their relevance in the larger context of the nutraceutical excipient market.
Online retail has become popular for purchasing nutraceutical ingredients and products due to its convenience, wide selection, and competitive pricing. These platforms cater to consumers and companies producing nutritional supplements and functional foods. Online retail offers various excipients from several manufacturers, providing buyers with a variety to meet their specific formulation needs.
Online retailers also offer competitive pricing and promotions for nutraceutical formulations, enabling cost-effective solutions. They provide access to excipients from anywhere with an internet connection, overcoming geographical barriers and surging market reach.
Several online sites and channels show detailed product descriptions, ingredient lists, and customer reviews, enabling informed purchasing decisions. Online retail also helps penetrate excipients into emerging markets where traditional distribution channels are limited or inefficient.
Novel excipients are essential in capsule formulations, ensuring active ingredients' proper formation, stability, and bioavailability. Common excipients in capsule formulations include cellulose and cellulose gum. They are widely used to deliver nutraceuticals, nutritional products, and pharmaceuticals.
Fillers, also known as diluents, distribute active ingredients evenly within capsules. Binders, such as hydroxypropyl methylcellulose (HPMC), gelatin, and starches, hold powdered ingredients together and improve capsule cohesion, ensuring capsule shape and integrity during handling and storage.
Nutraceutical excipients are gaining traction all over the world. However, market growth in countries like India, China, Germany, Japan, and the United States is better. Drawing from these statistics, it can be concluded that the demand for nutraceutical excipients is relatively high in Asian countries.
| Countries | Market Value (2034) |
|---|---|
| United States | US$ 2,040.2 million |
| China | US$ 490.7 million |
| India | US$ 388.4 million |
| Japan | US$ 390.2 million |
| United Kingdom | US$ 250.5 million |
The table below shows the estimated growth rates of the top five countries. The United States, China, and India are set to record high CAGRs of 7.2%, 7.8%, and 10.1%, respectively, through 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| United States | 7.2% |
| China | 7.8% |
| India | 10.1% |
| Japan | 5.1% |
| United Kingdom | 6.8% |
Health-conscious consumers are fueling demand for nutritional beverages for preventive healthcare, thereby boosting the market in the United States. In developed countries like the United States, people are increasing their consumption of health supplements like probiotics, prebiotics, and protein products to boost illness resistance and prevent future lifestyle diseases.
The United States is set to rise at a CAGR of 7.2% by 2034. This growth in the nutraceutical product industry positively impacts the nutraceutical excipient market, with several manufacturing companies targeting the United States due to consumer popularity and awareness.
Increasing health consciousness among consumers and rising disposable income are the key factors surging demand for excipients in China. Growing urbanization in China and increasing consumers of health supplements are projected to create more opportunities for manufacturers to grow in the country.
China is projected to accelerate at 7.8% CAGR in the forecast period and reach a valuation of US$ 490.7 million by 2034. China’s nutraceutical market prioritizes quality control and traceability due to safety incidents. Companies in the country are investing in assurance systems, testing protocols, and traceability measures to maintain regulatory compliance and consumer trust.
India's nutraceutical industry is rapidly growing due to changing consumer lifestyles, dietary habits, and health consciousness. It is fueling demand for nutraceutical excipients in nutritional drinks, functional foods, and medicinal beverages. India is projected to grow at a CAGR of 10.1% through 2034.
The government of India is promoting the development of the nutraceutical industry through policies and regulations. It further ensures product safety, quality, and efficacy and influences sourcing practices. Consumers in India increasingly seek natural, clean-label nutraceutical products, surged by their preference for plant-based excipients like cellulose, starches, and botanical extracts.
Manufacturers in Japan focus on research and development to optimize nutraceutical formulations using advanced technologies like microencapsulation, nanotechnology, and novel delivery systems. Japan's e-commerce platforms are transforming the nutraceutical excipient retail landscape, allowing manufacturers to reach a wide consumer base and engage with them through digital marketing channels.
Health awareness and chronic disease concerns are set to fuel demand for excipients targeting immune support, digestive health, and cognitive functions among consumers in Japan. Japan is set to surge at a 5.1% CAGR through 2034.
Key excipient manufacturing companies utilize a range of strategies, including research & development, new product launches, partnerships, collaborations, acquisitions, and mergers, to improve and solidify their position and increase their revenues in the market.
The nutraceutical excipient industry faces intense competition and requires strategic advantage. To succeed, leading companies are creating new products, entering into new markets, and partnership with other small and key companies.
For instance
The market is set to reach US$ 2,663.4 million in 2024.
Demand for nutraceutical excipients is slated to surge at a 6.4% CAGR by 2034.
The market is set to reach US$ 4,958.7 million in 2034.
Ingredion Incorporated, Cargill Incorporated, and Dow Du Pont Inc. are the key players.
Chocolate mint segment is estimated to hold a significant market share in 2024.
1. Executive Summary 1.1. Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market Trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.1.3. Retail Level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Product type, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Product type, 2024 to 2034 7.3.1. Wintergreen 7.3.2. Cinnamon 7.3.3. Chocolate Mint 7.3.4. Peppermint 7.3.5. Spearmint 7.4. Market Attractiveness Analysis By Product type 8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Form, 2024 to 2034 8.3.1. Capsule 8.3.2. Pills 8.3.3. Spray 8.4. Market Attractiveness Analysis By End-use 9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By End-use, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By End-use, 2024 to 2034 9.3.1. Hypermarket/Supermarket 9.3.2. Convenience Stores 9.3.3. Pharmacies 9.3.4. Specialty Stores 9.3.5. Grocery Stores 9.3.6. Wholesale Stores 9.3.7. Online Retail 9.4. Market Attractiveness Analysis by Form 10. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Region, 2019 to 2023 10.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis by Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Product type 11.3.3. By End-use 11.3.4. By Form 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product type 11.4.3. By End-use 11.4.4. By Form 11.5. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Product type 12.3.3. By End-use 12.3.4. By Form 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. Product type 12.4.3. By End-use 12.4.4. By Form 12.5. Key Takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Product type 13.3.3. By End-use 13.3.4. By Form 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product type 13.4.3. By End-use 13.4.4. By Form 13.5. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Product type 14.3.3. By End-use 14.3.4. By Form 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product type 14.4.3. By End-use 14.4.4. By Form 14.5. Key Takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Singapore 15.3.1.6. Vietnam 15.3.1.7. Philippines 15.3.1.8. Rest of South Asia 15.3.2. By Product type 15.3.3. By End-use 15.3.4. By Form 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product type 15.4.3. By End-use 15.4.4. By Form 15.5. Key Takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Product type 16.3.3. By End-use 16.3.4. By Form 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product type 16.4.3. By End-use 16.4.4. By Form 16.5. Key Takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East and Africa 17.3.2. By Product type 17.3.3. By End-use 17.3.4. By Form 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product type 17.4.3. By End-use 17.4.4. By Form 17.5. Key Takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Product type 18.1.2. By End-use 18.1.3. By Form 18.2. Canada Market Analysis 18.2.1. By Product type 18.2.2. By End-use 18.2.3. By Form 18.3. Brazil Market Analysis 18.3.1. By Product type 18.3.2. By End-use 18.3.3. By Form 18.4. Mexico Market Analysis 18.4.1. By Product type 18.4.2. By End-use 18.4.3. By Form 18.5. Argentina Market Analysis 18.5.1. By Product type 18.5.2. By End-use 18.5.3. By Form 18.6. Germany Market Analysis 18.6.1. By Product type 18.6.2. By End-use 18.6.3. By Form 18.7. United Kingdom Market Analysis 18.7.1. By Product type 18.7.2. By End-use 18.7.3. By Form 18.8. France Market Analysis 18.8.1. By Product type 18.8.2. By End-use 18.8.3. By Form 18.9. Italy Market Analysis 18.9.1. By Product type 18.9.2. By End-use 18.9.3. By Form 18.10. Spain Market Analysis 18.10.1. By Product type 18.10.2. By End-use 18.10.3. By Form 18.11. Belgium Market Analysis 18.11.1. By Product type 18.11.2. By End-use 18.11.3. By Form 18.12. Netherlands Market Analysis 18.12.1. By Product type 18.12.2. By End-use 18.12.3. By Form 18.13. Nordic Market Analysis 18.13.1. By Product type 18.13.2. By End-use 18.13.3. By Form 18.14. Russia Market Analysis 18.14.1. By Product type 18.14.2. By End-use 18.14.3. By Form 18.15. Poland Market Analysis 18.15.1. By Product type 18.15.2. By End-use 18.15.3. By Form 18.16. China Market Analysis 18.16.1. By Product type 18.16.2. By End-use 18.16.3. By Form 18.17. Japan Market Analysis 18.17.1. By Product type 18.17.2. By End-use 18.17.3. By Form 18.18. South Korea Market Analysis 18.18.1. By Product type 18.18.2. By End-use 18.18.3. By Form 18.19. India Market Analysis 18.19.1. By Product type 18.19.2. By End-use 18.19.3. By Form 18.20. Thailand Market Analysis 18.20.1. By Product type 18.20.2. By End-use 18.20.3. By Form 18.21. Malaysia Market Analysis 18.21.1. By Product type 18.21.2. By End-use 18.21.3. By Form 18.22. Vietnam Market Analysis 18.22.1. By Product type 18.22.2. By End-use 18.22.3. By Form 18.23. Philippines Market Analysis 18.23.1. By Product type 18.23.2. By End-use 18.23.3. By Form 18.24. Indonesia Market Analysis 18.24.1. By Product type 18.24.2. By End-use 18.24.3. By Form 18.25. Singapore Market Analysis 18.25.1. By Product type 18.25.2. By End-use 18.25.3. By Form 18.26. Australia Market Analysis 18.26.1. By Product type 18.26.2. By End-use 18.26.3. By Form 18.27. New Zealand Market Analysis 18.27.1. By Product type 18.27.2. By End-use 18.27.3. By Form 18.28. GCC Countries Market Analysis 18.28.1. By Product type 18.28.2. By End-use 18.28.3. By Form 18.29. Turkiye Market Analysis 18.29.1. By Product type 18.29.2. By End-use 18.29.3. By Form 18.30. Egypt Market Analysis 18.30.1. By End-use 18.30.2. By Form 18.31. South Africa Market Analysis 18.31.1. By Product type 18.31.2. By End-use 18.31.3. By Form 19. Market Structure Analysis 19.1. Global Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2024 19.3.2. Company Market Share Analysis of Top Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Ingredion Incorporated 20.3.2. Cargill Incorporated 20.3.3. Dow Du Pont Inc. 20.3.4. Kerry Group PLC 20.3.5. Roquette Frères SA 20.3.6. Lubrizol Corporation 20.3.7. Ashland Global Holdings Inc. 20.3.8. BASF SE 20.3.9. SPI Pharma Inc. 20.3.10. Innophos Inc. 20.3.11. JRS Pharma LP 20.3.12. Hilmar Ingredients Inc. 20.3.13. Galenova Inc. 20.3.14. Others 21. Assumptions and Acronyms Used 22. Research Methodology
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Nutraceutical Excipient Market
