Nutraceutical Excipient Market Growth Accelerated by Rising Demand for Functional Foods and Beverages
Nutraceutical Excipient Market |
Nutraceutical excipients are additives and processing aids used in the manufacturing and delivery of functional foods and dietary supplements. They are used to encapsulate, protect from degradation, enhance absorption, and aid delivery of ingredients such as vitamins, minerals, Omega-3, and probiotics. The rising demand for functional foods and beverages enriched with a variety of nutrients is driving the need for innovative excipients for efficient encapsulation and delivery.
The global
Nutraceutical Excipient Market is estimated to be valued at US$ 3,087.7 Bn in
2024 and is expected to exhibit a CAGR of 3.4% over the forecast period
2024-2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the key trends driving growth in the nutraceutical excipient market is
the rising demand for functional foods enriched with nutrients and probiotics.
Excipients play a vital role in microencapsulating sensitive ingredients like
probiotics to protect them from harsh manufacturing and storage conditions.
They also aid in efficient delivery of these ingredients by controlling the
release rate inside the body. Various types of excipients like starch,
cellulose, and gum bases are being increasingly used to manufacture
probiotic-enriched dairy products, bakery items, snacks and beverages with
prolonged shelf-life and efficacy. This is expected to drive the demand for
innovative excipient technologies in the forecast period.
Segment
Analysis
The global nutraceutical excipient market is dominated by the binders and
coatings sub-segment. Binders are used to impart cohesiveness to particles and
allow for the formulation of powder or granules into a solid compact mass.
Excipients such as cellulose, starch, and gum are widely used as binders in the
nutraceutical industry. Their cost-effectiveness and ability to enhance flow
properties and improve compression behavior make them suitable for use in
tables, capsules and other solid dosage forms. Coatings are applied to tablets
to give it an attractive appearance and protect the medicine inside. They also
aid disintegration and dissolution, improving overall palatability. Ease of
application and capability to mask unpleasant odors or tastes have propelled
the growth of binders and coatings sub-segment.
Key Takeaways
The global nutraceutical excipient market is expected to witness high growth
over the forecast period of 2024 to 2031. Global Nutraceutical Excipient Market Size is
estimated to be valued at US$ 3,087.7 Bn in 2024 and is expected to exhibit a
CAGR of 3.4% over the forecast period 2024-2031.
Key players operating in the nutraceutical excipient market are Arkema S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co. Ltd., PeroxyChem LLC, Hansol Chemical, and Nouryon. Among them, Arkema S.A., Evonik Industries A.G., and Solvay S.A. hold majority market share owing to their wide global presence and diversified product portfolio catering to varied industries.
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