Nutraceutical Excipients Market $5.64 Billion By 2032, CAGR: 8.5%

Nutraceutical Excipients Market Size Worth $5.64 Billion By 2032 | CAGR: 8.5%


The global nutraceutical excipients market size is expected to reach USD 5.64 billion by 2032, according to a new study by Polaris Market Research. The report “Nutraceutical Excipients Market Share, Size, Trends, Industry Analysis Report, By Form (Dry and Liquid); By Type; By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Nutraceutical-property excipients are essential to the formulation of pharmaceuticals. The pharmacologically active drug or prodrug is not present in these compounds. Excipients facilitate the medication's efficient delivery to the intended location.

The regulatory environment significantly impacts the nutraceutical excipients market. Stringent regulations and standards related to product safety and quality can influence the choice of excipients used in nutraceutical formulations. Factors such as an aging population, increasing incidences of lifestyle-related diseases, and a growing focus on preventive healthcare contribute to the demand for nutraceutical products. This, in turn, affects the nutraceutical excipients market.

Biosciences companies often possess specialized manufacturing capabilities for biological and biotechnological products. Merging with such companies can improve the manufacturing efficiency of nutraceutical excipients and ensure scalability to meet growing market demands. The expanding nutraceutical market globally, driven by lifestyle changes, dietary preferences, and increasing health awareness, creates opportunities for nutraceutical excipient manufacturers to expand their footprint and meet the growing demand.

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The growth of direct-to-consumer channels and e-commerce platforms has facilitated easier entrance to nutraceutical products. This increased accessibility drives demand for nutraceutical excipients as companies seek efficient formulations suitable for diverse distribution channels. This accounts for the nutraceutical excipients market growth. Manufacturers of excipients work hard to create fresh, enhanced formulations that satisfy the changing needs of the nutraceutical industry. Technological developments aid in the creation of new excipients that improve the efficacy of nutraceutical goods. Manufacturers of excipients may make technological and research investments to raise the effectiveness, stability, and bioavailability of their formulations.

Nutraceutical Excipients Market Report Highlights

  • In 2023, the preservatives segment held the largest revenue share, which is designed to be compatible with a wide range of formulations, including capsules, tablets, liquids, and powders. Their adaptability makes them a go-tochoice for manufacturers looking for effective solutions across diverse product types. Preservatives are often used to prevent oxidation and degradation of active ingredients in nutraceuticals.
  • The taste masking segment is expected to witness the highest market share during the forecast period. Taste masking excipients find extensive application in oral solid dosage forms like tablets and capsules. As the nutraceutical industry sees a growth in demand for convenient and easy-to-administer solid dosage forms, the use of taste masking excipients becomes crucial for improving patient compliance.
  • In 2023, North America dominated the largest market share. The diverse demographics in North America contribute to a wide range of health needs and preferences. Nutraceutical excipients play a crucial role in tailoring formulations to meet the specific requirements of different consumer segments, contributing to market dominance. North American consumers often show a preference for innovative and convenient dosage forms, such as gummies, chewables, and beverages. These formulations may require specific excipients for taste masking, stability, and other factors, further contributing to market growth.
  • The Asia-Pacific (APAC) region is projected to grow the fastest CAGR during the forecast period. The proliferation of the internet and social media has made health information more accessible to consumers in the APAC region.
  • The global key market players include International Flavors & Fragrances Inc, Kerry Group plc, Ingredion, Sensient Technologies Corporation, Hilmar Cheese Company, Inc, Roquette Frères, BASF SE, Cargill, Incorporated, MEGGLE GmbH & Co. KG, Ashland, Air Liquide, etc.

Polaris Market Research has segmented the nutraceutical excipients market report based on form, type, application, end-use, and region:

Nutraceutical Excipients, Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Dry
  • Liquid

Nutraceutical Excipients, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Binders
  • Fillers And Diluents
  • Disintegrants
  • Coating Material
  • Coloring Agents
  • Flavoring Agents
  • Sweeteners
  • Lubricants
  • Buffers
  • Preservatives
  • Thickeners/Gelling Agents
  • Wetting Agents
  • Solvents
  • Others

Nutraceutical Excipients, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Taste masking
  • Stabilizers
  • Modified release
  • Solubility and bioavailability
  • others

Nutraceutical Excipients, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Protein And Amino Acids
  • Omega 3 Fatty Acids
  • Vitamins
  • Minerals
  • Prebiotic
  • Probiotics
  • Others

Nutraceutical Excipients, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Nutraceutical Excipients Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 5.64 billion

Revenue forecast in 2032

USD 10.83 billion

CAGR

8.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024– 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments Covered

By Form, By type, By Application, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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