Overview:
The global market for nutraceutical excipients can take a leap from a valuation of USD 3.1 Bn in 2017 and reach USD 4.81 Bn by the end of 2023. The time frame, 2018 to 2023, can be considered as the forecast period. Market Research Future (MRFR) makes a strong statement by showing factors that can inspire better growth for the market
Hike in investment related to healthcare, transforming lifestyle triggering various diseases, and others are major factors that can significantly inspire the growth rate of the market. The growing awareness among people regarding health benefits, an increasing number of products entering the pipeline, and others can inspire the growth of the market. On the other hand, stringent regulations can hold back the growth rate in the coming years. But the market can bank on the developing technologies for better growth assistance.
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Segmentation:
On the basis of types, the market is segmented into artificial and natural/organic. In 2017, The artificial segment accounted for the largest market share. This segment is projected to expand at 7% CAGR during the forecast period. However, the natural/organic segment is projected to exhibit a relatively higher CAGR during the review period.
On the basis of functions, the market is segmented into fillers, diluents & bulking agents, binders, disintegrants, sweeteners, coating agents, lubricants, and colors & flavors. Out of these, the fillers, diluents & bulking segment accounted for the largest market share in 2017. On the basis of forms, the market is segmented into dry and liquid. In 2017, the dry segment accounted for 55% of the market share and stood at over USD 1700 Mn. The segment is forecasted to witness a healthy CAGR during the assessment period.
On the basis of Applications, the market is segmented into Probiotics & Prebiotics, Proteins & Amino Acids, Omega-3 Fatty Acids, and Vitamins & Minerals. The probiotics & prebiotics segment, in 2017, accounted for 47.5% of the market share, valuing at USD 1476.17 Mn. The segment is forecasted to register a strong growth during the estimated period. The vitamins & minerals segment is likely to post a CAGR of 7.92% during the review period.
Regional Analysis:
The global nutraceutical excipients market is profiled under key geographies such as North America, South America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA).
The report finds that North America to be the largest market share which is mainly attributed to the increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, respiratory diseases; sedentary lifestyle; rising public healthcare cost; growing public awareness of diet and health; and growing aging population.
With is, it is observed that there has been a rising demand for low-cost nutraceutical excipients in the Asia Pacific and the Middle East, which has triggered the global nutraceutical excipients market to expand in this region. The factors owing to such high growth is rushing consumption rate of it within the local nutraceutical and nutraceutical excipients manufacturing space. Recently, there has been a demand for high-quality nutraceutical excipients that, which is further receiving strong support from multiple government-driven initiatives related to overall drug manufacturing and healthcare services in this region.
Competitive Landscape:
A lot of companies are trying to make the market for the global nutraceutical excipients prosper with high growth opportunities. These segments are known for extensive participation in taking the market ahead. MRFR recorded their recent steps to gauge in which direction the market is moving and find better growth possibilities there. These companies are Ingredion, Cargill Corporation, Kerry, Sensient Technology Corporation, Associated British Foods plc, JRS PHARMA, Roquette Freres SA, DowDupont, Innophos, Inc., and Hilmar Ingredients.
1 Report Prologue
2 Introduction
2.1 Definition 15
2.2 Scope of the Study 15
2.3 Research Objective 15
2.4 Assumptions & Limitations 15
2.4.1 Assumptions 15
2.4.2 Limitations 15
2.4.3 Market Structure 15
3 Research Methodology
3.1 Primary Research Methodology 17
3.2 Secondary Research Methodology 19
3.3 Market Size Estimation 20
3.4 Forecast Model 20
4 Market Dynamics
4.1 Drivers 22
4.1.1 Increasing demand for nutraceutical products 22
4.1.2 Increasing medical cost 22
4.1.3 Drivers Impact Analysis 23
4.2 Restraints 23
4.2.1 Stringent regulations for nutraceutical adversely affects the market 23
4.2.2 Restraints Impact Analysis 23
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