Development of advanced treatments for health issues and chronic diseases, augmenting access to medication through a wide range of nutraceuticals, extensive research and development facilities, and evolution of newer technologies are driving the market for nutraceutical excipients across the globe. Nutraceutical excipients are the pharmacologically inactive substances which are used in the formulation of nutraceutical dosages. Excipients play a crucial role in facilitating nutraceutical manufacturers in serving consumers better through improved efficiency and compliance of treatment. Also, nutraceutical excipients help in reducing production costs and assist in providing new modes of drug delivery to the consumers; this is making manufacturers invest in research and development facilities to develop superior solutions for nutraceuticals manufacturers.
Consumer Pro-activeness towards Preventive Healthcare is Boosting the Demand for Nutraceutical Excipients
The growing health and wellness trend among the consumers and rising prevalence of lifestyle-related diseases and other health risks due to improper dietary intake and insufficient nutrition is leading to the escalating demand for nutraceuticals including dietary supplements, functional foods, and functional beverages. The increasing need for nutraceuticals is bolstering the demand for excipients which are used to enhance the functional properties, stability, bioavailability, solubility, and properties of the active ingredients. Furthermore, increasing rigorous research opportunities in nutraceutical formulations are being driven by the development of funding opportunities, new regulations, and rising private-public partnerships. This has been shifting focus towards the development of excipients used in both oral liquid and solid nutraceutical formulations, which are dispersible, flexible, and multi-functional. Furthermore, continuous prioritizing of unmet medical needs is anticipated to drive the demand for these excipients and formulations over the forecast years.
Opportunities for Nutraceutical Excipients Market Participants:
With the rise in difficult-to-develop compounds and formulations, the nutraceutical industry is taking steps rather quickly towards evaluating technologies to enhance the efficiency and productivity of the nutraceuticals. The nutraceutical manufacturers are seeking ways to upgrade and improve product quality and production process by switching towards using multi-functional excipients. Multi-functional nutraceutical excipients play a vital role in transforming delivery technologies and contributing in-line extensions of market nutraceuticals. Furthermore, multi-functional nutraceutical excipients improve compressibility, flowability, particle size distribution, bioavailability, and other properties of the formulation. Besides, multi-functional excipients contribute to cutting down the production cost and minimizing regulatory hurdles which are in-turn creating strong market traction for the product. Furthermore, the nutraceutical excipients manufacturers are focusing on developing solutions that work towards improving bio-availability and enhancing the solubility of the nutraceuticals to provide efficient oral dosage delivery system and better workability of the product.
Due to health-conscious trends and the ability to spend on premium and specialty nutraceutical products, North America and Europe are prominent regions in the nutraceutical excipients market. Also, robust R&D and concentration of big players in these regions are providing substantial growth opportunities for the excipients market. On the other hand, Asia Pacific has exhibited tremendous market potential; there has been a growth in the number of nutraceutical products in the region due to increasing awareness about preventive healthcare among consumers and increasing online penetration in the region.
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Global Nutraceutical Excipients: Market Segmentation
On the basis of product type, global Nutraceutical Excipients can be segmented as:-
- Binder
- MCC
- HPMC
- HPC
- Disintegrants
- Crosspovidone
- Croscarmellose
- Coating Agent
- Fillers and Diluents
- Flavoring Agent
- Lubricants
- Others
On the basis of end use, global Nutraceutical Excipients can be segmented as:-
- Omega 3 Fatty Acids
- Protein and Amino Acids
- Vitamins
- Prebiotics and Probiotics
- Minerals
- Others
On the basis of form, global Nutraceutical Excipients can be segmented as:-
- Dry
- Liquid
On the basis of region, global Nutraceutical Excipients can be segmented as:-
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Global Nutraceutical Excipients: Key Players
Some the key players operating their business in the global Nutraceutical Excipients market are Cargill Incorporated, Ingredion Incorporated, Kerry Group plc, DowDuPont Inc., Ashland Global Holdings Inc., BASF SE, Roquette Frères S.A., Innophos, Inc., SPI Pharma, Inc., JRS Pharma LP, Hilmar Ingredients, Inc., and Galenova Inc.
- The manufactures operating in the nutraceutical excipients market are focusing on both organic and inorganic growth to gain more profit margin. For instance, in 2019, Roquette Freres SA, a supplier of excipients and plant-based ingredients, acquired Crest Cellulose, excipient manufacturer from Hyderabad, India. With the acquisition, the company aims to expand its nutraceutical and pharmaceutical excipient offerings and complement the company’s previous acquisition of Blanver Pharmaceutical’s excipient division.
Ensuring superior product quality and adherence to good manufacturing and ethical distribution practices are attributes followed diligently by branded nutraceutical makers for differentiating themselves from the mass.
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