The Global Nutraceutical Excipient Market Growth Accelerated by Rising Demand for Functional Foods and Beverages

Nutraceutical Excipient Market

Nutraceutical Excipients are additives and processing aids used in the manufacturing and delivery of functional foods and dietary supplements. They are used to encapsulate, protect from degradation, enhance absorption, and aid delivery of ingredients such as vitamins, minerals, Omega-3, and probiotics. The rising demand for functional foods and beverages enriched with a variety of nutrients is driving the need for innovative excipients for efficient encapsulation and delivery.

The global Nutraceutical Excipient Market is estimated to be valued at US$ 3,087.7 Bn in 2024 and is expected to exhibit a CAGR of 3.4% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in Nutraceutical Excipient Market Size is the rising demand for functional foods enriched with nutrients and probiotics. Excipients play a vital role in microencapsulating sensitive ingredients like probiotics to protect them from harsh manufacturing and storage conditions. They also aid in efficient delivery of these ingredients by controlling the release rate inside the body. Various types of excipients like starch, cellulose, and gum bases are being increasingly used to manufacture probiotic-enriched dairy products, bakery items, snacks and beverages with prolonged shelf-life and efficacy. This is expected to drive the demand for innovative excipient technologies in the forecast period.

Segment Analysis

The global Nutraceutical Excipient market is dominated by the binders and coatings sub-segment. Binders are used to impart cohesiveness to particles and allow for the formulation of powder or granules into a solid compact mass. Excipients such as cellulose, starch, and gum are widely used as binders in the nutraceutical industry. Their cost-effectiveness and ability to enhance flow properties and improve compression behavior make them suitable for use in tables, capsules and other solid dosage forms. Coatings are applied to tablets to give it an attractive appearance and protect the medicine inside. They also aid disintegration and dissolution, improving overall palatability. Ease of application and capability to mask unpleasant odors or tastes have propelled the growth of binders and coatings sub-segment.

Key Takeaways

The global Nutraceutical Excipient market is expected to witness high growth over the forecast period of 2024 to 2031. The global Nutraceutical Excipient Market is estimated to be valued at US$ 3,087.7 Bn in 2024 and is expected to exhibit a CAGR of 3.4% over the forecast period 2024-2031.

Regional analysis suggests that Asia Pacific region dominates currently due to rising health awareness and growth of nutraceutical industry in countries like India, China, and Japan. The region is expected to continue its dominance during the forecast period supported by increasing disposable income, demand for functional and dietary supplements and large geriatric population base.

Key players operating in the Nutraceutical Excipient market are Arkema S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co. Ltd., PeroxyChem LLC, Hansol Chemical, and Nouryon. Among them, Arkema S.A., Evonik Industries A.G., and Solvay S.A. hold majority market share owing to their wide global presence and diversified product portfolio catering to varied industries.

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