The Nutraceutical excipients market is estimated at USD 2.96 billion in 2017, and is projected to grow at a CAGR of 7.6% to reach USD 4.27 billion by 2022.
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The market is primarily driven by factors such asgrowing demand for nutraceuticals and advances in nanotechnology used to impart new functions to excipients.
Several multinational excipient manufacturers have made minimal investments in R&D for excipients in the past few years, except in the area of specialty excipients. The decline in R&D investments for developing new and innovative excipients due to several challengesis expected to restrict the growth of the excipients market in the long run.
- Regulatory and research organizations
- Raw material producers, suppliers, and distributors
- Equipment manufacturers, traders, distributors, and dealers
- Nutraceutical excipients manufacturers, traders, distributors, and dealers
Asia Pacific is projected to be the fastest-growing market over the next five years. With busy lifestyles and increase in disposable incomes, the demand for fortified nutritional food & beverage products is growing in the region.
The application of excipients is estimated to increase at a higher rate due to the demand from the nutraceutical industry.
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Based on type, the market for prebiotics is projected to be the fastest-growing during the forecast period. Prebiotics manufactured in the capsule form usually have a coating agent—HPMC—as an excipient.
This coating agent helps in maintaining the integrity of the capsule and prevents damage due to moisture. It acts a barrier to the external environment and protects the active ingredient from humidity.
HPMC is also increasingly used in the manufacture of pre-and probiotic capsules to help in the efficient delivery of both the active ingredients. Thus, in prebiotic preparation, excipients support the product performance.
2 Market Ranking
3 Competitive Scenario
3.1 Expansions & Investments
3.2 Acquisitions & Mergers
3.3 New Product Launches
3.4 Agreements, Joint Ventures & Partnerships
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The report segments the nutraceutical excipients market on the basis of functionality, end product, form, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the nutraceutical excipients market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
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