Protein Is Fastest Growing Segment Fueling The Growth Of The Global Nutraceutical Excipient Market
Nutraceutical excipients are food additives used in the manufacturing of nutraceutical products to improve their functional properties. Excipients aid in improving taste, providing texture, and enhancing shelf life of nutraceutical products. They play an important role in determining efficiency and bioavailability of active ingredients.
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 10.0% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Use of multifunctional excipients is growing in nutraceutical formulations. Multifunctional excipients provide multiple benefits such as moisture protection, taste masking, flow ability, and compression ability in a single excipient. They help reduce manufacturing cost and complexity of formulations. Development of multifunctional excipients tailored specifically for nutraceutical applications is a key trend witnessed in the market.
Here is the segment analysis and key takeaways for the given nutraceutical excipient market:
Segment Analysis
The global nutraceutical excipient market is segmented by type, form, application, and region. By type, the market is dominated by the filler segment due to its extensive use in tablets and capsules to impart volume and weight, and improve appearance and handleability. Fillers include microcrystalline cellulose, calcium hydrogen phosphate, and magnesium stearate. By form, the powder segment dominates as powder form excipients can be easily blended and manufactured into various dosage forms.
Key Takeaways
The Global Nutraceutical Excipient Market Size is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing demand for functional foods and dietary supplements.
Regional Analysis
North America dominates the global market due to rising health awareness and growing demand for dietary supplements. Europe is the fastest growing region on account of strong nutraceutical industry and favorable regulations.
Key Players
Key players operating in the nutraceutical excipient market are DuPont de Nemours, Inc., Roquette, and Innophos Holdings, Inc. DuPont is a leading global manufacturer of fillers and coatings for dietary supplements. Roquette supplies various plant-based powders and liquids used as excipients. Innophos produces specialized phosphate- and silicone-based excipients and delivery systems.
Get more insights on this topic:
Comments
Post a Comment