The global nutraceutical excipients market is estimated to be valued at US$ 2,427.8 million in 2023 and is expected to exhibit a CAGR of 10.4% over the forecast period of 2022-2030, according to a new report published by Coherent Market Insights.

Market Overview: Nutraceutical excipients are substances that are added to nutraceutical products to enhance their stability, bioavailability, and absorption. These excipients play a crucial role in the manufacturing process of nutraceuticals, helping to improve the overall quality and efficacy of the final product. The demand for nutraceutical excipients is driven by the growing consumer awareness about the importance of preventive healthcare and the increasing interest in natural and organic products. Nutraceutical excipients offer several advantages, including improved drug solubility, taste masking, controlled release, and enhanced stability. These excipients are widely used in the production of functional foods, dietary supplements, and pharmaceuticals.

Market Key Trends: The key trend driving the nutraceutical excipients market is the increasing demand for functional foods and dietary supplements. With the growing awareness about the importance of a healthy lifestyle, consumers are turning to functional foods and dietary supplements to meet their nutritional needs. Nutraceutical excipients play a crucial role in enhancing the bioavailability and effectiveness of these products. They help in improving the taste, texture, and stability of functional foods and dietary supplements, making them more attractive to consumers. In addition, the rising prevalence of chronic diseases and the aging population are further fueling the demand for nutraceutical products, which in turn is driving the demand for nutraceutical excipients.


PEST Analysis:

Political: The political factors in the nutraceutical excipients market include government regulations and policies related to food and supplement industries. This can include regulations on labeling and advertising, safety standards, and import/export regulations.

Economic: The economic factors influencing the nutraceutical excipients market include factors such as disposable income, consumer spending patterns, and economic growth. The market is expected to grow at a CAGR of 10.4% over the forecast period, driven by increasing disposable income and rising health consciousness among consumers.

Social: Social factors influencing the market include changing consumer lifestyles, increasing awareness about health and wellness, and the growing aging population. Consumers are increasingly seeking natural and organic products, which is driving the demand for nutraceutical excipients.

Technological: Technological factors affecting the market include advancements in manufacturing processes, research and development, and innovations in product formulations. Technology plays a crucial role in enhancing the quality and efficacy of nutraceutical excipients.

Key Takeaways:

The global nutraceutical excipients market is expected to witness high growth, exhibiting a CAGR of 10.4% over the forecast period (2022-2030). This growth can be attributed to the increasing demand for nutraceutical products and supplements, driven by factors such as rising health consciousness, aging population, and disposable income.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the nutraceutical excipients market. The region has a well-established nutraceutical industry, favorable government regulations, and a high awareness of health and wellness among consumers. Furthermore, the presence of key players in the region contributes to its growth.

Key players operating in the nutraceutical excipients 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. These key players play a significant role in driving innovation and product development in the nutraceutical excipients market.

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