The Nutraceutical Excipients market is projected to grow at a CAGR of 8.1% to reach USD 5.2 billion by 2026 from USD 3 billion in 2019. Increasing health awareness amongst consumers for reducing calorie intake on account of the rising prevalence rate of several lifestyle diseases such as cardiovascular problems, high cholesterol, and obesity along with consumers’ willingness to pay more for safe sugar substitutes has significantly contributed to the growth of this market. The demand for nutraceuticals is also driven on account of the growing aging population; rapid urbanization; consumers shifting towards preventive healthcare on account of rising healthcare costs.
The research report analyses the ecosystem of Nutraceutical Excipients and categorizes the Nutraceutical Excipients Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
In terms of the type of excipient, the binders segment is estimated to be the largest segment during the forecast period
In terms of the type of excipient the global Nutraceutical Excipients market can be segregated into Fillers, Diluents, Coating Agents, Binder, Disintegrants, Flavouring Agents, and others. The binders segment of the Nutraceutical Excipients market is projected to be the largest segment. Binders are increasingly being used for binding powders, granules, and other dry ingredients to impart the required mechanical strength to nutraceutical products. Binder also help in control the release of nutritional ingredients and improve solubility.
By the type of end products the Probiotics is expected to be the fastest-growing segment
In the Nutraceutical Excipients market, Probiotic products account for the largest share. These are used in different forms in yogurt and drinks. Probiotics are also used in tablets and capsules.
The Dry Form of nutraceutical excipients was the largest segment of the market in the forecast period
The form accounts for a larger share as compared to the liquid form in the Nutraceutical Excipients market. The popularity of the dry form can be attributed to its low coat and usage convenience in multiple applications
North America is expected to be the largest segment in the forecast period
North America accounted for the largest share of the Nutraceutical Excipients market. The region is also projected to witness a higher product demand in the coming years on account of the rising incidence of diabetes and other lifestyle-related diseases, shifting consumer preferences, ageing population and changing lifestyle habits. Rising disposable income coupled with health consciousness and growing consumer awareness has also contributed to the growing market of Nutraceutical Excipients in this region.
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.