Nutraceutical Excipients Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Functionality (Binders, Fillers & Diluents, Disintegrants, Coating Agents, Others), By End Product (Probiotics, Proteins & Amino Acids, Vitamins, Omega-3 Fatty Acids, Others), By Form (Dry, Liquid), And By Geography – Forecast From 2021 To 2026

The Nutraceutical excipients market was valued at US$2.084 billion in the year 2019 and is expected to reach US$3.089 billion by 2026, growing at a CAGR of 5.79%. Nutraceutical excipients are a combination of nutritional and pharmaceutical products. These excipients are dietary supplements that provide the consumer with the required nutrition. Being a dietary supplement, they are easy to consume and digest. Growing body nutrition deficiencies owing to an inadequately balanced diet and hectic lifestyle coupled with rising instances of chronic diseases has significantly increased health consciousness, resulting in increased consumption of nutraceutical excipients and hence driving the market growth. Furthermore, increasing disposable income and a range of products launched are projected to further diversify the market.

Based on geography, the nutraceutical excipient industry is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region. The Asia Pacific nutraceutical excipient market is projected to show promising growth owing to surging health concerns and growth in disposable income which has increased consumer expenditure of dietary supplements. Asia Pacific region has witnessed a significant surge in cases of chronic diseases owing to genetics, hectic lifestyle, improper dietary intake, and inadequate healthcare industry. However, increasing disposable income accompanied by a rise in health consciousness is projected to support growth during the forecast period.

Growth Factors

• Increasing cases of chronic disease and inadequate diet have increased nutritional deficiencies. Furthermore, the rising consumption of fast food, packed food, and ready-to-eat food owing to the hectic work culture, has further deprived the consumer of a balanced nutrition diet. Hence consumption of nutraceutical excipients is projected to surge. One of the prime reasons which are expected to drive lucrative growth in the nutraceutical excipients market is increasing consumer healthcare concerns. With the surge in instances of chronic diseases and the rising geriatric population, a surge in consumption of nutraceutical excipients has been observed to full fill body requirements for necessary nutrition. Furthermore, an increasingly hectic lifestyle and stressful work culture have significantly surged the consumption of fast food, packed food, and ready-to-eat food, dis-balancing the diet required by the body. Nutraceutical excipients consumption is projected to surge owing to the rising inculcation of dietary supplements as compensation.

Impact of COVID – 19

The outbreak of the covid-19 virus increased the market demand for nutraceutical excipients. With the outbreak of the virus, consumer expenditure on healthcare products increased significantly, for better immunity against the virus. The consumption of nutraceutical excipients surged among the geriatric population and people suffering from one or more chronic diseases, to develop stronger immunity and greater health.

Key Developments

• June 2020, Partnership. Nutraceutical excipient specialist IMCD and healthcare expert DU Pont Health and nutrition extended their partnership for better healthcare portfolios. Through the means of this partnership, the two companies are expected to increase their market share across the MEA region.

Nutraceutical Excipients Market Scope:

Report Metric	Details
The market size value in 2019	US$2.084 billion
The market size value in 2026	US$3.089 billion
Growth Rate	CAGR of 5.79% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Billion
Segments covered	Functionality, End Product, Form, And Geography
Regions covered	North America, South America, Europe, Middle East and   Africa, Asia Pacific
Companies covered	Kerry, Associated British Foods PLC, DuPont, Ingredion   Incorporated, Sensient,   Roquette Frères, Meggle, JRS   Pharma, Innophos, IMCD
Customization scope	Free report customization with purchase.

 

Key Segmentation:

• By Functionality
  • Binders
  • Fillers and Diluents
  • Disintegrants
  • Coating Agents
  • Others
• By End Product
  • Probiotics
  • Proteins and Amino Acids
  • Vitamins
  • Omega-3 Fatty Acids
  • Others
• By Form
  • Dry
  • Liquid
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Taiwan
    • Others

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Frequently Asked Questions (FAQs)

Q1. What will be the nutraceutical excipients market size by 2026?
A1. The global nutraceutical excipients market is expected to reach a market size of US$3.089 billion in 2026.

Q2. What is the size of the global nutraceutical excipients market?
A2. The Nutraceutical Excipients market was valued at US$2.084 billion in 2019.

Q3. What are the growth prospects for the nutraceutical excipients market?
A3. The nutraceutical excipients market is expected to grow at a CAGR of 5.79% during the forecast period.

Q4. Which region holds the largest market share in the nutraceutical excipients market?
A4. The Asia Pacific region is estimated to have a considerable share in the nutraceutical excipients market due to an increase in demand for fortified nutritional products and supplements in the region.

Q5. What factors are anticipated to drive the nutraceutical excipients market growth?
A5. There is a high demand for supplements and other nutraceutical products with increased health concerns which are expected to drive the nutraceutical excipients market growth.

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