뉴트라슈티컬용 부형제 시장 예측(-2030년) : 제품 유형, 형태, 유래, 용도, 유통 채널, 지역별 세계 분석

According to Stratistics MRC, the Global Nutraceutical Excipient Market is accounted for $4.1 billion in 2023 and is expected to reach $7.6 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Non-active components known as nutraceutical excipients are added to nutraceutical products to improve their chemical and physical characteristics. They make the production process easier, increase product stability, guarantee consistent dosage, and raise the product's overall quality. Certain excipients enhance the mouthfeel, texture, and aesthetic appeal of nutraceutical goods, increasing customer appeal.

According to the International Pharmaceutical Excipient Council (IPEC), a co-processed excipient is "a combination of two or more compendial or non-compendial excipients designed to physically modify their properties in a manner not achievable by simple physical mixing, and without significant chemical change.

Market Dynamics:

Driver:

Technological advancements in multifunctional excipients

In product formulations, multifunctional excipients can perform several functions, including working concurrently as binders, disintegrates, and flow enhancers. The versatility of a single excipient has increased thanks to technological developments, making it possible to create product formulations that are more streamlined and effective. Manufacturers can utilise multifunctional excipients to decrease the quantity of excipients needed in a composition. This results in lower expenses for quality assurance, inventory control, and procurement. The use of multifunctional excipients enables the formulation of dosage forms like tablets and capsules exactly as intended.

Restraint:

Limited availability of clean-label excipients

Manufacturers may find it difficult to produce nutraceutical goods that satisfy the clean label requirements, such as being devoid of artificial additives or unusual substances, due to the limited supply of clean-label excipients. Manufacturers could have to choose between clean-label claims and formulation goals, which could have an impact on the composition of the final product. Excipients with a clean label might cost more than those with a traditional label and the increased expense may have an impact on nutraceutical product retail prices as well as total production costs which hampers the market growth.

Opportunity:

Increased demand for nutraceutical products

The market for excipients used in the manufacture of nutritional supplements, functional foods, and other nutraceutical goods has expanded due to the growing demand from consumers for these items. The nutraceutical sector has extended the range of products it offers to cater to the varied demands and tastes of its clientele and these diversifications include goods that cater to various age groups, nutritional needs, lifestyle preferences, and health issues. Moreover, the growing need for nutraceutical items has made consumers more confident about the industry and customers are more likely to trust goods that support their health and wellness objectives, use premium excipients, and are supported by empirical data and scientific research.

Threat:

Increasing regulatory stringency

Adhering to strict regulatory standards sometimes necessitates large expenditures for testing, paperwork, and compliance methods. This may result in increased production costs for nutraceutical items generally, which might ultimately translate into higher pricing for consumers. Because of the uncertainty and risk involved with shifting laws, manufacturers may become reluctant to spend money on R&D for novel formulations or excipients. This may inhibit industrial innovation. Manufacturers may face uncertainty due to frequent changes in legislation or imprecise instructions. They could have to constantly adjust to changing standards, which might require a lot of resources and be difficult to handle.

COVID-19 Impact

Due to the pandemic, people's interest in wellness and health has grown, and they are looking for goods to strengthen their immune systems and improve their general health. This resulted in an increase in the demand for nutraceutical goods, functional foods, and dietary supplements; thus, the market for nutraceutical excipients was affected. Moreover, due to the temporary closure or restricted operations of several physical retail outlets, e-commerce emerged as the primary sales channel for nutraceutical products. Manufacturers changed dosage forms and packaging in response to this change, which could have affected the way excipients were used.

The fillers & diluents segment is expected to be the largest during the forecast period

The fillers & diluents segment is estimated to have a lucrative growth, as these inactive substances called fillers and diluents are added to nutraceutical goods in order to accomplish particular objectives. Increasing the product's volume, streamlining the production process, guaranteeing consistent mixing, enhancing product stability, and managing the release of active substances are a few examples. Fillers and diluents can increase a mixture's compressibility during the tablet-making process, which promotes improved tablet formation and structural integrity. In order to make the finished product more appealing to customers, certain fillers and diluents can be employed to conceal the taste of specific active components.

The synthetic segment is expected to have the highest CAGR during the forecast period

The synthetic segment is anticipated to witness the highest CAGR growth during the forecast period, as chemically produced materials known as synthetic excipients are utilized as inert components in nutraceutical goods. They fulfil certain functions including boosting texture, assuring dosage precision, facilitating production procedures, and improving product stability. These excipients help achieve precise dose management, guaranteeing that the prescribed amount of active substances is present in each unit (e.g., tablet or capsule). As bulking agents, several synthetic excipients raise the product's volume without increasing its nutritional value. This helps make easier-to-swallow pills or capsules bigger in size.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the concentration of major giants like DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US), the market is dominated in North America. In comparison to other areas, the growth of the nutraceutical excipients market in this one is moderate due to its maturity. Consumers' busy lifestyles, the prevalence of chronic diseases brought on by busy lifestyles, and growing consumer awareness of the health benefits of nutritional foods, including food supplements, which has fueled the demand for functional food products, are other factors contributing to the growth of nutraceutical excipients in the North American market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the area's food sectors, including nutraceuticals, have bright futures due to factors like rising income and purchasing power, the middle class's quick expansion, rising consumer demand for nutritious and healthful products, and rising consumer awareness of fitness and health. Due to the liberalization of foreign direct investments in the food industry, as well as the simplicity with which raw materials, skilled labor, land, and equipment can be acquired at a reduced cost, the region is luring investors to establish manufacturing facilities.

Key players in the market

Some of the key players profiled in the Nutraceutical Excipient Market include: BASF SE, DuPont, Sensient Technologies, Ingredion Plc, Kerry Group PLC , Cargill Inc, Ashland Global Holdings Inc, Seppic, Fuji Chemical Industries Co Ltd, Pharmatrans Sanaq AG, Meggle Group Wasser, Roquette Freres, Associated British Foods, Pioma Chemicals, Gattefosse, Gangwal Chemicals Pvt Ltd , Pharma Line Int'l Corp, Biogrund GmbH, Innophos Holdings Inc and Grain Processing Corp.

Key Developments:

In October 2023, BASF launches new solutions from its innovation pipeline to meet current customer and market trends, these offers are part of BASF's Care Chemicals Initiative Care 360° Solutions for Sustainable Life, the division's cross-business and holistic approach.

In October 2023, BASF partners with Oriental Yuhong for solar rooftop solutions in China, The new development aims to meet China's rapidly growing demand for rooftop solar panels.

In October 2023, United States Steel Corporation and DuPont launched COASTALUME™, North America's first GALVALUME® material designed and warrantied for coastal environments. Marking a collaboration of two iconic American industry leaders, the new COASTALUME™ product combines the strength and self-healing characteristics of U. S.

Product Types Covered:

• Fillers & Diluents
• Coating Agents
• Lubricants
• Flavoring Agents
• Disintegrants
• Colouring Agents
• Preservatives
• Wetting Agents
• Gliding Agents
• Binders
• Other Product Types

Forms Covered:

• Liquid
• Dry

Sources Covered:

• Synthetic
• Natural

Distribution Channels Covered:

• Retail Sales
• Direct Tender
• Other Distribution Channels

Applications Covered:

• Omega-3 Fatty Acids
• Protein & Amino Acids
• Minerals
• Prebiotics
• Probiotics
• Vitamins
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Nutraceutical Excipients Market, By Product Type

• 5.1 Introduction
• 5.2 Fillers & Diluents
• 5.3 Coating Agents
• 5.4 Lubricants
• 5.5 Flavoring Agents
• 5.6 Disintegrants
• 5.7 Colouring Agents
• 5.8 Preservatives
• 5.9 Wetting Agents
• 5.10 Gliding Agents
• 5.11 Binders
  • 5.11.1 Povidone
  • 5.11.2 Cellulose
  • 5.11.3 Starch
  • 5.11.4 Other Binders
• 5.12 Other Product Types

6 Global Nutraceutical Excipients Market, By Form

• 6.1 Introduction
• 6.2 Liquid
• 6.3 Dry

7 Global Nutraceutical Excipients Market, By Source

• 7.1 Introduction
• 7.2 Synthetic
• 7.3 Natural

8 Global Nutraceutical Excipients Market, By Application

• 8.1 Introduction
• 8.2 Omega-3 Fatty Acids
• 8.3 Protein & Amino Acids
• 8.4 Minerals
• 8.5 Prebiotics
• 8.6 Probiotics
• 8.7 Vitamins
• 8.8 Other Applications

9 Global Nutraceutical Excipients Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Retail Sales
• 9.3 Direct Tender
• 9.4 Other Distribution Channel

10 Global Nutraceutical Excipients Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 BASF SE
• 12.2 DuPont
• 12.3 Sensient Technologies
• 12.4 Ingredion Plc
• 12.5 Kerry Group PLC
• 12.6 Cargill Inc
• 12.7 Ashland Global Holdings Inc
• 12.8 Seppic
• 12.9 Fuji Chemical Industries Co Ltd
• 12.10 Pharmatrans Sanaq AG
• 12.11 Meggle Group Wasser
• 12.12 Roquette Freres
• 12.13 Associated British Foods
• 12.14 Pioma Chemicals
• 12.15 Gattefosse
• 12.16 Gangwal Chemicals Pvt Ltd
• 12.17 Pharma Line Int'l Corp
• 12.18 Biogrund GmbH
• 12.19 Innophos Holdings Inc
• 12.20 Grain Processing Corp