NutraceuticalExcipient Market, by Functionality (Binders, Fillers and Diluents,Disintegrants, Coating Agents, Flavoring Agents, and Lubricants), by Form (Dryand Liquid), by End Product (Prebiotic, Probiotics, Vitamins, Proteins andAmino Acids, Minerals, and Omega-3 Fatty Acids), and by Geography (NorthAmerica, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size,Share, Outlook, and Opportunity Analysis, 2018- 2026
Nutraceuticals are dietarysupplements that assist in the treatment and prevention of diseases and enhancethe performance of pharmaceutical and food products. Various food structuresand their compositions are formed by using nutraceutical excipients thatenhance the bioavailability of nutraceuticals containing therapeutic products.The major scope for this market is in food industry. Increasing investment ofdomestic manufactures is expected to boost growth of the market fornutraceutical excipients.
The Global Nutraceutical Excipients– Market Dynamics
Nutraceutical excipients haveimproved functionalities that improve manufacturing processes of pharmaceuticaldosage forms. Such benefits of nutraceutical excipients are expected to boostgrowth of the market. Moreover, increasing geriatric population in economiessuch as India and China is expected to boost growth of the market. According tothe Central Intelligence Agency’s report in July 2018, the percentage ofgeriatric population in India and China is expected to 13.69% and 21.56%,respectively by 2022. Sedentary lifestyle increases risk of chronic diseasessuch as obesity, which in turn boosts the uptake of nutraceuticals and therebydrives the market growth. According to World Health Organization’s (WHO) 2002report, around 60% - 80% people worldwide lead a sedentary lifestyle.
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The Global Nutraceutical ExcipientsMarket – Regional insights
Asia Pacific is expected to holddominant position in the global market for nutraceutical excipients, owing togrowing pharmaceutical manufacturing. According to The Economist IntelligenceUnit Report 2012, key players such as Merck & Co. and other globalpharmaceutical companies are focusing on expansion in Asia Pacific to lowertheir production cost. This in turn is expected to boost growth of the globalnutraceutical excipient market in Asia Pacific. North America is expected toaccount for the second largest market share in the global nutraceuticalexcipient market due to increasing consumption of nutraceuticals and dietarysupplements in the region. According to the Council for Responsible Nutrition(CRN) Survey October 2018, around 75% adults in the U.S. consume dietarysupplements and the consumption is expected to significantly increase in thenear future. Therefore, these factors and scenarios are expected to boostgrowth of the global nutraceutical excipient market over the forecast period.
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The Global NutraceuticalExcipients Market– Competitive landscape
Key players operating in themarket include, DuPont, P&G Chemicals, Eastman Chemical Corporation,Huntsman Corporation, Kerry Group plc, ABF, Roquette Freres, Ingredion, Meggle,Hilmar Ingredients, JRS Pharma, Sensient, Innophos, Cargill, IMCD, Avantor PerformanceMaterials, Zydus Wellness, BASF SE, Lubrizol Corporation, Colorcon Inc., FinarLimited., and Shin-Etsu Chemical Co., Ltd.
Key players in the market arefocused on developing new products to enhance their market share. For instance,in March 2018, JRS PHARMA introduced PROSOLV SMCC (Silicified MicrocrystallineCellulose) in Japan.
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