Global Nutraceutical Excipients Market Research Report
Global Nutraceutical Excipients Market
The GMI Research forecasts that the Nutraceutical Excipients Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing health issues and the growing pace of lifestyle-related diseases.
Introduction of the Nutraceutical Excipients Market
Nutraceuticals excipients refer to the inactive components made with active pharmaceutical ingredients (API) to standardize pharmaceutical-grade supplements. These are extensively used in the nutritional, functional foods and pharmaceutical industry and provide protection against chronic disease, spine and joint problems.
Key Players of the Global Nutraceutical Excipients Market:
• Abf Solutions
• JRS Pharma
• Hilmar Ingredients
• Roquette Frères
Nutraceutical Excipients Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Growth in the global nutraceuticals excipients market is primarily driven by the augmenting incidences of cardiovascular diseases, which include diabetes and heart attacks accompanied by amplification in healthcare spending. In accordance to the World Health Organization, approximately 463 million people in 2019 suffer from diabetes causing 1.6 Million deaths each year. Their extensive application to cure these diseases in combination with physical exercise thus stimulates market growth. In addition, the aggravating demand for hygienic & fitness and nutritional products like probiotics, prebiotics, and dietary supplements and rising health awareness among the people are strengthening the market growth. As per the Institutes for Food Technologist Organizations, the fortified/functional food sale reached USD 267 Billion in 2019, and in the United States, sales reached USD 63 Billion, which is increasing rapidly.
On the other hand, the excessive risk for earning returns on investment in research and developments and the need for a cold storage facility for expensive transportation will further curb the nutraceuticals excipients market size.
Nutraceutical Excipients Market Segmentation:
Segmentation by Functionality
• Flavouring agents
• Coating agents
• Fillers and Diluents
Segmentation by Product
• Prebiotics and Probiotics
• Omega-3 Fatty Acids
Segmentation by Form
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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