Nutraceutical Excipients Market

2021 Analysis and Review: Nutraceutical Excipients Market by Form – Dry and Liquid for 2021 – 2031

Nutraceutical Excipients Market Snapshot

Future Market Insights (FMI) projects stellar growth for the global nutraceutical excipients market, forecasting it to reach a valuation of US$ 2186.2 Mn by 2021. Demand for nutraceutical excipients is expected to remain positive, increasing at a CAGR of 7.10% between 2021 and 2031.

The market also will gain from surging sales of dietary supplements and multi-functional excipients in the coming years. Over 3/5th of nutraceutical excipients consumption is accounted by dry nutraceutical excipients, as per the FMI analysis.

Key Points Covered in Nutraceutical Excipients Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Nutraceutical Excipients Market and How to Navigate
  • Recommendation on Key Winning Strategies

Nutraceutical Excipients Market Historic Sales Compared to 2021-2031 Forecast Outlook

Increasing application in prebiotics and probiotics and the rising prevalence of lifestyle diseases across the globe are fuelling the demand for nutraceutical excipients.

Growing geriatric population coupled with increasing cases of osteoporosis and cardiovascular diseases have improved the adoption of nutritional food & dietary supplements. Rapid adoption of dry nutraceutical excipients to curb the rising prevalence of osteoarthritis, diabetes, thyroid and obesity will continue improving the demand in the market.

As per FMI analysis, the market revenue is slated to increase at a stellar pace of over 7.10% CAGR during the forecast period of 2021 and 2031. With advancement in technology and increasing research development activities, the market is anticipated to register impressive growth over the forecast period.

Growing geriatric population across the U.S., Germany, China, India and the UK, combined with increasing penetration of e-commerce and manufacturers will create prospects for nutraceutical excipients sales. As per Future Market Insights, binders and fillers & diluents collectively will account for over 52% of global market share.

The demand for high quality nutraceuticals in developing regions and increasing application in protein and amino acids will propel the market growth. As per FMI, end use in protein and amino acids is anticipated to contribute over a fourth of global market demand.

Based on the aforementioned factors, the market is anticipated to grow, surpassing a valuation of US$ 2186.2 Mn in 2021.

How will Nutraceutical Excipients Market Gain from Advancements in Technology?

Advancements in nanotechnology and drug delivery system addressing concerns related to drug toxicity is bolstering the market growth.  Increasing research and development activities among manufacturers along with the advancements in technology have improved the quality of drugs and bioavailability.

Demand for high-quality nutraceutical excipients has increased at a considerable pace in developed economies. This also has encouraged key players to adhere to new regulation and drug delivery system to address the challenges pertaining to low drug solubility.

Research opportunities in nutraceutical formulations are being driven by the development of new regulations, funding opportunities, and increasing number of private-public partnerships (PPPs). These factors will play a vital role in encouraging the consumption of nutraceutical excipients in the coming years.

Will Ecommerce Expansion Push Nutraceutical Excipients Sales?

Expansion of ecommerce will continue creating opportunities for nutraceutical excipients sales. Focus on creating identity in a global platform is attracting manufacturers towards ecommerce. The shift from brick and mortar to online shopping among consumers has been brisk, thanks to unprecedented outbreak of the novel coronavirus.

This paradigm shift in consumer behavior has compelled some of the leading nutraceutical excipients brands to make their products available online. Besides this, ecommerce offers consumers a more convenient platform to compare products and prices. Focus on creating online presence will create opportunities for market players to navigate through unforeseen supply chain disruptions in future.

Country-wise Insights

Will the Demand for Nutraceutical Excipients Increase across the U.S.?

According to Future Market Insights, North America will exhibit high growth, expanding at a CAGR of over 7.20% during the forecast period.

The U.S. is anticipated to dominate the North America nutraceutical excipients market owing to the increasing demand for dietary supplements across the country.

Focus on nutrition and dietary supplements among consumers have encouraged nutraceutical excipient producers to focus on innovative launches, also to cater to the demand in food & beverage industry.

Increasing prevalence of lifestyle diseases such as obesity, diabetes and others have increased the consumption of prebiotics & probiotics in the U.S. This will subsequently create opportunities for nutraceutical excipients application in the country’s food sector.

As per the Centers for Disease Control & Prevention (CDC), obesity prevalence in the U.S. was recorded at 42.4% in 2018 and is expected to rise with the fast-paced lifestyle in the country.

In 2017, over 70 million adults in the U.S. were obese and 99 million were diagnosed to be overweight. Increasing focus on health and wellness resulted in the demand for solid dosage such as tablets, capsules, powder as dietary supplements in nutraceuticals for weight management and to curb the risk of heart disease.

Incidence of various health risks related to obesity such as cardiovascular disease, stroke, thyroid and diabetes is on the rise, which have improved the demand of dietary supplements. Driven by trending health consciousness the U.S., nutraceutical excipients sales will therefore surge.

Why is the Demand for Dry Nutraceutical Excipients Increasing in the U.K.?

The increasing prevalence of osteoarthritis & diabetes is creating high demand for nutritional food, dietary & food supplements. With rising health concerns and growing geriatric population, need for dietary supplements has increased, encouraging the adoption of dry nutraceutical excipients among manufacturers.

As per the International Osteoporosis Foundation report, around 70% of adults are diagnosed with Vitamin D deficiency or osteoporosis across Europe. Around 3.5 million adults in the UK are diagnosed with osteoporosis.

Focus on health eating is therefore rising in the U.K. to curb the rising incidence of aforementioned health conditions. This will in turn create attractive opportunities for sales of nutraceutical excipients.

As per FMI, nutraceutical excipients market across Europe is poised to expand at over 6.80% CAGR during the forecast period.

What are Factors Driving Nutraceutical Excipients Sales in Japan?

Rise in cases of chronic heart diseases will cause people to focus on healthy eating in Japan.  In Japan, geriatric population accounted for 28% of the total population in 2020 and will reach around 35.8 million in 2055, contributing for 27% of population, as per the World Bank statistics.

Aged people are often vulnerable to chronic ailments. Focus on making provision for their healthy eating will remain a chief growth driver for the market in Japan. The country also is considered one of the leading producers of nutraceutical globally.

Studies reveal that a significant share of Japan’s innovation in health and nutrition is targeted at seniors. With an increasing number of companies focusing on developing traditional food with a nutritional twist, sales of nutraceutical excipients are expected to increase considerably in the country. 

What is Supporting Sales of Nutraceutical Excipients in India?

Growth of nutraceutical excipients sales across India is underpinned by proactive attitude towards preventive healthcare, especially among millennials.

With rising health concerns coupled with growing lifestyle diseases, intake of nutraceuticals is expected to increase across the country. Growing urbanization in the country and demand for low-cost nutraceutical excipients will continue creating growth opportunities for market players.

Increasing prevalence of diabetes, obesity, thyroid, cardiovascular diseases and other lifestyle diseases have increased the intake of nutraceutical and dietary supplements across the country.

According to the World Health Organization (WHO), around 2.26 million adults in India succumbed due to cardiovascular disease and nearly 4.77 million people were diagnosed with cardiovascular disease in 2020.

Initiatives undertaken by the government to curb the burden of growing lifestyle disorders have improved the awareness about the dietary supplements and nutraceutical within the country. This has in turn presented a conducive environment.

Category-wise Insights

Which Product Type will be Top-selling Nutraceutical Excipient?

Based on product type, the market is segmented into binder, disintegrants, coating agent, fillers & diluents, flavoring agents, lubricants and others.

As per FMI, over 52% of global demand for nutraceutical excipients is anticipated to collectively account by binders, and fillers & diluents.

Extensive adoption of binders among dietary supplement manufacturers is boosting the segment. Also, the ability of some binders to act as fillers and diluents in application and production of dietary supplements is furthering their adoption.

Based on such factors and importance among manufacturers is increasing the popularity of binders, accelerating the growth of nutraceutical excipients over the coming years.

How will Application in Prebiotics & Probiotics Affect Growth?

Incessantly increasing prevalence of lifestyle diseases across the globe has amped up the demand of dietary supplements, including prebiotics & probiotics. Hence, rapid adoption of pre and probiotics concept is aimed at catering to the increasing nutritional needs among consumers.

Consumers are weighing their dietary choices to mitigate the negative health impacts of a sedentary lifestyle. With dietary supplements and extensive consumption of pre & pro-biotic becoming a need of the hour, the segment is anticipated to exhibit high growth over the coming years.

Which Form of Nutraceutical Excipients Holds the Largest Market Share?

In terms of form type, the nutraceutical excipients segment is bifurcated into dry nutraceutical excipients and liquid nutraceutical excipients. Among these, dry form is the most preferred form among manufacturers.

As per the report, the dry nutraceutical excipients accounts for over 3/5th of the global market share owing to the high demand for nutritional or dietary supplements in solid state.

Also, manufacturing companies are resorting to new techniques and introducing new dietary supplements and nutraceutical excipients in dry form. Increasing demand from diverse end-users for use as dry beverage mixes with additional nutrients will boost the sales of dry nutraceutical excipients over the coming years.

Competitive Landscape

Leading players in the nutraceutical excipients market are adopting new manufacturing techniques to cater the increasing demand from various end-users. Expansion of their existing portfolios is another key strategy adopted by market players to remain ahead of the curve in the upcoming decade.

With the brewing competition, top companies are incessantly focusing on new product launches to maintain their lead in the industry.

For instance:

  • In February 2021, Innophos, a leading international producer of excipients for the pharma and dietary supplement industries, announced the launch of multifunctional excipients in nutraceutical and dietary supplements, A-TAB® MD and NUTRA-TAB® CPMEs designed to help the manufacturers, focusing on the use of co-processed multifunctional excipients (CPMEs) to simplify labels, enhance compressibility, reduce tablet size, and increase manufacturing efficiency.
  • In April 2021, DFE Pharma, leading player in pharmaceutical excipient solutions announced the launch of its new product line ‘BioHale’, to cater the worldwide demand of biopharmaceutical companies.
  • Another leading player, IMCD, in June 2020, announced the partnership extension with DuPont Health and Nutrition to expand their customer base and strengthen its footprints in Kenya, Uganda, and Egypt by expanding their product portfolio.
  • In March 2020, Azelis Chemical Limited, announced the acquisition of CosBond, China, leading specialty chemical and food ingredient distributor to cement their dominance in China with the help of CosBond’s existing customer base.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Product Type, Form Type, End Use, and Region

Key Companies Profiled

  • 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

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • What is the current nutraceutical excipients market value?

    The nutraceutical excipients market is expected to surpass a valuation of US$ 2186.2 Mn in 2021.

  • At what rate did the Nutraceutical excipients market grow between 2016 and 2020?

    The nutraceutical excipients market witnessed moderate growth at 5.90% CAGR between 2016 and 2020.

  • What are the key trends driving nutraceutical excipients sales?

    Increasing demand for dietary supplements, multi-functional excipients, and oral solid drug formulation are the key trends driving the nutraceutical excipients demand.

  • Who are the leading players of nutraceutical excipients?

    Ingredion Incorporated, Cargill Inc., Dow Du Pont Inc., Kerry Group PLC., and Roquette Frères SA are the top players leading the nutraceutical excipients market. These companies account for nearly 45% to 50% of the overall market.

  • What is the demand outlook for North America Nutraceutical Excipients market?

    Sales in North America market for nutraceutical excipients are set to grow at a healthy rate of 7.20% over the forecast period.

  • What will be the demand outlook for Europe Nutraceutical Excipients market?

    Demand for nutraceutical excipients across Europe is expected to rise at over 6.80% compound annual growth rate (CAGR) during the forecast period.

  • Who are the top countries leading the nutraceutical excipients market demand?

    The U.S., Germany, France, China, and Ireland are the key producers & exporters driving the nutraceutical excipients market.

  • What is the current market share of South Korea and Japan in the global nutraceutical excipients market?

    While South Korea accounted for over 6.5% of the global market in 2021, Japan held nearly 5.7% share in the global market.

Nutraceutical Excipients Market by Category

By Product Type:

  • Binder
    • MCC
    • HPMC
    • HPC
  • Disintegrants
    • Crosspovidone
    • Croscarmellose
  • Fillers & Diluents
  • Coating Agent
  • Flavoring Agent
  • Lubricants
  • Others

By End Use:

By Form:

  • Dry
  • Liquid

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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