by Nutraceutical excipients are additives added to improve the functionality, manufacturing and consistency of nutraceutical products such as functional foods, dietary supplements and medical foods. Nutraceutical excipients help in enhancing solubility, bioavailability and shelf life of nutraceuticals. They act as fillers, binders, diluents and lubricants to provide bulk as well as technical functionality. Some common nutraceutical excipients include prebiotics, probiotics, proteins, mineral salts, vitamins, omega 3 fatty acids, fibers and others.
The global Nutraceutical Excipient Market is estimated to be valued at US$ 2,680.29 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Functional foods, dietary supplements and medical foods have gained widespread acceptance globally due to increasing consumer awareness about health and wellness. Nutraceutical excipients play a vital role in convenient delivery of health promoting compounds to the consumers. Their addition helps in modifying texture, stability and release properties of nutraceuticals to meet consumer demand. Different types of excipients are selected based on the nutrition delivery system and dosage form.
Market Key Trends:
One of the key trends in the nutraceutical excipient market is the rising demand for clean label and organic excipients. Consumers are increasingly demanding transparency in ingredients and are willing to pay premium for products containing easily recognizable ingredients. As a result, excipient manufacturers are offering organic and clean label binders, coatings, fillers and diluents produced from materials like cellulose, starch and gum bases.
Another important trend is the functionalization of excipients to enhance solubility, bioavailability and targeted release of active compounds. Techniques like micro- and nano-encapsulation, inclusion complexation and solid dispersion are being utilized to functionalize excipients. This allows achieving multi-functionality along with taste masking and moisture protection. Nutraceutical companies are utilizing such advanced excipients to develop innovative delivery systems like orally disintegrating tablets, gummies, chewable tablets and liquids.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low. The nutraceutical excipients market requires high R&D investment and regulatory compliance which creates entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is high. The market has several nutraceutical excipients manufacturers, providing buyers with alternatives and ability to negotiate on price.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. While key raw materials are commoditized, suppliers still have some control over pricing.
Threat of new substitutes: The threat of substitutes is moderate. Other delivery systems like soft gels and tablets provide alternatives. However, excipients allow for specific release properties.
Competitive rivalry: The competitive rivalry is high owing to the presence of many global and regional players competing on innovation, quality, and pricing.
Key Takeaways
The Global Nutraceutical Excipient Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for functional foods and dietary supplements. North America dominates the market currently owing to presence of major players and high health awareness. The Asia Pacific region is expected to grow at the fastest pace with rising disposable income and growing middle class population.
Regional analysis
North America currently holds the largest share in the global nutraceutical excipient market mainly due to the presence of major companies in US and Canada and increased focus on R&D activities. The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period. Factors such as improving standard of living, rising disposable income and growing middle class population in emerging countries like India and China are expected to drive the growth of nutraceutical excipients in Asia Pacific.
Key players
Key players operating in the nutraceutical excipient market include DuPont de Nemours, Inc., Roquette , and Innophos Holdings, Inc. DuPont develops and provides innovative formulas and solutions for nutraceuticals and dietary supplements. Roquette supplies specialty food ingredients including multi-functional pharmaceutical and nutraceutical excipients. Innophos produces customized calcium and potato-based formulations for dietary supplements.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
