Nutraceutical Excipient Market Top Manufactures Analysis, Size, Share, Trends and Forecast to 2018-2026
Nutraceuticals are
dietary supplements that assist in the treatment and prevention of
diseases and enhance the performance of pharmaceutical and food
products. Various food structures and their compositions are formed
by using nutraceutical excipients that enhance the bioavailability of
nutraceuticals containing therapeutic products. The major scope for
this market is in food industry. Increasing investment of domestic
manufactures is expected to boost growth of the market for
nutraceutical excipients.
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The Global
Nutraceutical Excipients – Market Dynamics
Nutraceutical
excipients have improved functionalities that improve manufacturing
processes of pharmaceutical dosage forms. Such benefits of
nutraceutical excipients are expected to boost growth of the market.
Moreover, increasing geriatric population in economies such as India
and China is expected to boost growth of the market. According to the
Central Intelligence Agency’s report in July 2018, the percentage
of geriatric population in India and China is expected to 13.69% and
21.56%, respectively by 2022. Sedentary lifestyle increases risk of
chronic diseases such as obesity, which in turn boosts the uptake of
nutraceuticals and thereby drives the market growth. According to
World Health Organization’s (WHO) 2002 report, around 60% - 80%
people worldwide lead a sedentary lifestyle.
The Global
Nutraceutical Excipients Market – Regional insights
Asia Pacific is
expected to hold dominant position in the global market for
nutraceutical excipients, owing to growing pharmaceutical
manufacturing. According to The Economist Intelligence Unit Report
2012, key players such as Merck & Co. and other global
pharmaceutical companies are focusing on expansion in Asia Pacific to
lower their production cost. This in turn is expected to boost growth
of the global nutraceutical excipient market in Asia Pacific. North
America is expected to account for the second largest market share in
the global nutraceutical excipient market due to increasing
consumption of nutraceuticals and dietary supplements in the region.
According to the Council for Responsible Nutrition (CRN) Survey
October 2018, around 75% adults in the U.S. consume dietary
supplements and the consumption is expected to significantly increase
in the near future. Therefore, these factors and scenarios are
expected to boost growth of the global nutraceutical excipient market
over the forecast period.
The Global
Nutraceutical Excipients Market– Competitive landscape
Key players
operating in the market include, DuPont, P&G Chemicals, Eastman
Chemical Corporation, Huntsman Corporation, Kerry Group plc, ABF,
Roquette Freres, Ingredion, Meggle, Hilmar Ingredients, JRS Pharma,
Sensient, Innophos, Cargill, IMCD, Avantor Performance Materials,
Zydus Wellness, BASF SE, Lubrizol Corporation, Colorcon Inc., Finar
Limited., and Shin-Etsu Chemical Co., Ltd.
Key players in the
market are focused on developing new products to enhance their market
share. For instance, in March 2018, JRS PHARMA introduced PROSOLV
SMCC (Silicified Microcrystalline Cellulose) in Japan.
Global
Nutraceutical Excipients Market –Taxonomy
On the basis
of functionality, the global nutraceutical excipients market is
segmented into: Binders, Fillers & Diluents,
Disintegrants, Coating Agents, Flavoring Agents, Lubricants
On the basis
of form, the global nutraceutical excipients market is segmented
into: Dry, Liquid
On the basis
of end product, the global nutraceutical excipients market is
segmented into: Probiotics, Prebiotics, Proteins & Amino
Acids, Vitamins, Minerals, Omega-3 Fatty Acids
On the basis
of region, the global nutraceutical excipients market is segmented
into: North America, Europe, Asia Pacific, Latin America,
Middle East, Africa.
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Nutraceutical
Excipient Market
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