by Nutraceutical excipients are utilized in the development of dietary supplements, functional foods & beverages to enhance their key functional properties such as texture, taste and shelf life. Common applications include probiotic yogurts, energy bars, protein powders, herbal supplements and nutritional beverages. The nutraceutical excipients aid in capsule formulation, tableting and granulation along with providing protection for active ingredients from environmental factors. They also facilitate controlled and sustained release of active compounds in the body.
The global nutraceutical excipient market is estimated to be valued at US$ 2680.29 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Multi-functional excipients dominate the market as they serve varied purposes such as binding, coating and lubrication in a single formulation. Major players are focused on development of next generation excipients derived from natural sources like herbs, fruits and roots to cater to the rising demand for clean label products. Standardization of manufacturing processes and supply chain by key global players ensures consistent product quality and timely deliveries. Furthermore, advancements in development of delivery technologies like nano-encapsulation and microencapsulation enables protection, targeted release and improved absorption of active ingredients.
Porter’s Analysis
Threat of new entrants: Low. Require significant capital investment and established distribution channels create barriers for new players.
Bargaining power of buyers: Moderate. Presence of substitutes provides choices to buyers but specialized requirements keep power in check.
Bargaining power of suppliers: Moderate. Several suppliers for raw materials but regulatory approvals create supplier dependence for specialty excipients.
Threat of new substitutes: Low. Nutraceutical excipients have functional properties making direct replacement difficult.
Competitive rivalry: High. Global players compete on innovation, quality, and client support to gain market share.
Key Takeaways
The Global Nutraceutical Excipient Market Size is expected to witness high growth over the forecast period. The global nutraceutical excipient market is estimated to be valued at US$ 2680.29 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.
North America currently dominates the market owing to presence of major players and high health awareness. Growing aging population and rising chronic diseases are driving demand in the region. The Europe market is growing at a steady pace led by countries like Germany, U.K., and France. Rising per capita healthcare expenditure and well-developed nutraceutical industry support regional growth. Meanwhile, Asia Pacific exhibits highest growth potential for nutraceutical excipients with expanding middle class, increasing lifestyle diseases, and proliferating domestic nutraceutical producers.
Key players operating in the nutraceutical excipient market are 3M, Eko Devices, Thinklabs Medical, HD Medical Inc., and Welch Allyn (a subsidiary of Hillrom). They provide specialized excipients, dispersants, and compression aids needed for various delivery forms such as tablets, capsules, and powders. Companies compete through differentiated products with customized properties like controlled release, enhanced solubility, and protection.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
