Title: Nutraceutical Excipients Market is Expected to Register Highest CAGR of ~7.1% During the Forecast Period 2019 - 2029
1Nutraceutical Excipients Market
Report Id REP-GB-6407 Published On
April-2019 Category Food and Beverages
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4Nutraceutical Excipients Market Analysis
- Nutraceutical Excipients Market is Anticipated to
Expand at a Healthy CAGR of 7.1 During the
Forecast Period 2019 2029 - Nutraceutical Excipients Manufacturers to
Discover Promising Application Opportunities in
Prebiotics Probiotics FMI Study - The US 2 billion market for nutraceutical
excipients will reportedly see a healthy Y-o-Y
expansion at more than 6 in 2019. According to a
recently published research report of Future
Market Insights (FMI), over 3/5th of the overall
consumption is accounted by dry nutraceutical
excipients. The thriving trend of preventive
healthcare is primarily creating a favorable
environment, boosting sales of nutraceuticals and
nutraceutical excipients. - The report opines that binders, followed by
fillers and diluents, are likely to remain the
most sought after types of nutraceutical
excipients in the global market. Over 50 of the
total demand for nutraceutical excipients is
collectively accounted by binders, and fillers
and diluents. - Demand for High-quality Nutraceuticals Rising in
Developing Regional Markets - End use in protein and amino acids is likely to
contribute to over a fourth of the global
nutraceutical excipients market value over the
coming years, followed by Omega 3 fatty acids.
FMI's analysis further points to a significant
combined share of vitamins and minerals, as the
key end use segments, in the global nutraceutical
excipients market revenues.
5Nutraceutical Excipients Market Analysis
- Rapidly increasing adoption of the pre and
probiotics concept to complement the nutritional
profile of conventional diet is highly likely to
result in billowing consumption of nutraceutical
excipients in prebiotics and probiotics, in the
near future. - There has been a rising demand for low-cost
nutraceutical excipients from developing
economies in Asia Pacific and Middle East owing
to the surging consumption rate within the local
nutraceutical and nutraceutical excipients
manufacturing space. Recently, the demand for
high-quality nutraceutical excipients has seen a
significant increase in developed economies,
which is further receiving strong support from
multiple government-driven initiatives related to
overall drug manufacturing and healthcare
services within emerging economies. - Moreover, increasing concerted research
opportunities in nutraceutical formulations are
being driven by the development of new
regulations, funding opportunities, and
increasing number of PPPs (private-public
partnerships). These factors, according to FMIs
analysis, will play a vital role in uplifting the
consumption of nutraceutical excipients in coming
years. - Lack of Defined Regulatory Framework Continues to
Affect Competition Landscape - The manufacturers of nutraceutical excipients and
key market players are looking forward to the
development of multifunctional and co-processed
nutraceutical excipients. The incessantly growing
demand for oral solid dosage and sustained
release excipients is likely to translate into
several new product launches by the
manufacturers.
6Nutraceutical Excipients Market Analysis
- Some of the key players profiled in global
nutraceutical excipients market report include
Ingredion Incorporated, Cargill Incorporated,
DowDuPont Inc., Kerry Group plc, Ashland Global
Holdings Inc., BASF SE, Innophos, Inc., Roquette
Frères S.A., and SPI Pharma, Inc. - Currently, there is no fixed regulatory guideline
defining the manufacturing process for
nutraceutical excipients. However, guidelines set
by IPEC (the International Pharmaceutical
Excipients Council) are accepted by a majority of
manufacturers. Despite this, there are several
facilities, which do not adhere to IPEC
guidelines, which often calls for physical audits
by the concerned regulatory agencies, governed by
acts such as EU Falsified Medicines Directive
(FMD or Directive 2011/62/EU) and 2012 US Food
and Drug Administration Safety and Innovation Act
(FDASIA) - in order to ensure a secure supply
chain and prevent any wrong practice. - The lack of fixed rules and regulations continues
to be a major barrier to rapid growth of the
nutraceutical excipients market over the years,
thereby necessitating proper regulation laid down
by the authorities and adherence to GMPs (good
manufacturing practices) by manufacturers of the
nutraceutical excipients, as well as other
players in the nutraceutical excipients
landscape. - This report on nutraceutical excipients covers
the trends driving each segment and offers
analysis and insights of the potential of the
nutraceutical excipients market in specific
regions. The nutraceutical excipients market in
North America is expected to lead the market in
terms of share, followed by Europe. South Asias
market for nutraceutical excipients is
anticipated to register an impressive CAGR over
the forthcoming years and is cited in the report
as a high-potential market for a majority of new
entrants foraying into the nutraceutical
excipients landscape.
7Nutraceutical Excipients Market Analysis
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Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2019 - 2029 - Press-Release Source https//www.globenewswire.c
om/news-release/2019/05/06/1817419/0/en/Nutraceuti
cal-Excipients-Market-to-Remain-Lucrative-at-7-1-C
AGR-During-2019-to-2029-Future-Market-Insights.htm
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8Nutraceutical Excipients Market Analysis
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