Global Nutraceutical Excipients Market : Industry Size, Share, Analysis, Trend & Future Planning 2022
Bharat Book Bureau Provides the Trending Market Research Report on“Global Nutraceutical Excipients Market, Forecast to 2022” underFood & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends,Top Players, global presence, and their future prospects.
Nutraceutical Eexcipients Market is projected to grow at aCAGR of 7.6%
The nutraceutical excipients market is estimated at USD 2.96 billion in 2017, and is projected to grow at a CAGR of 7.6% to reachUSD 4.27 billion by 2022. The market is primarily driven by factors such as growing demand for nutraceuticals and advances in nanotechnology used to impart new functions to excipients. Several multinational excipient manufacturers have made minimal investments in R&D for excipients in the past few years, except in the area of specialty excipients. The decline in R&D investments for developing new and innovative excipients due to several challenges is expected to restrict the growth of the excipients market in the long run.
The lubricants segment is projected to grow at the highest rate during the forecast period
Nutraceutical excipients are being used as lubricants, and their market for this functionality is projected to grow at the highest CAGR among other functionalities. 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. They also have an impact on the hardness of the tablet.
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Prebiotics is projected to form the fastest-growing segment during the forecast period
Based on type, the market for prebiotics is projected to be the fastest-growing during the forecast period. Prebiotics manufactured in the capsule form usually have a coating agent—HPMC—as an excipient. This coating agent helps in maintaining the integrity of the capsule and prevents damage due to moisture. It acts a barrier to the external environment and protects the active ingredient from humidity. HPMC is also increasingly used in the manufacture of pre-and probiotic capsules to help in the efficient delivery of both the active ingredients. Thus, in prebiotic preparation, excipients support the product performance.
On the basis of form, dry are projected to form the larger market during the forecast period
Based on the form of the nutraceutical excipients, the dry form segment is projected to form the larger segment. The popularity of the dry form can be attributed to its cost-effectiveness and convenience in multiple applications. 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.
Asia Pacific is projected to register the highest growth rate during the forecast period
Asia Pacific is projected to be the fastest-growing market over the next five years. With busy lifestyles and increase in disposable incomes, the demand for fortified nutritional food & beverage products is growing in the region. The application of excipients is estimated to increase at a higher rate due to the demand from the nutraceutical industry.
Break-up of Primaries:
- By Company Type: Tier 1 – 52%, Tier 2 – 23%, and Tier 3 – 25%
- By Designation: C-level – 45%, and Manager Level - 20%, and Others - 35%
- By Region: North America – 15%, Europe –28%, Asia Pacific – 35%, and RoW – 22%
The key players profiled in this report are as follows:
- Kerry (Ireland)
- ABF (UK)
- DuPont (US)
- Ingredion (US)
- Sensient (US)
- Roquette Frères (France)
- Meggle (Germany)
- Hilmar Ingredients (US)
- JRS Pharma (Germany)
- Innophos (US)
- Cargill (US)
- IMCD (Netherlands)
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