The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The Nutraceutical Excipients Market is a segment of the pharmaceuticals industry that deals with the production of ingredients used in the manufacture of nutraceutical products. These excipients play a crucial role in the production of nutraceuticals by improving the stability, solubility, and bioavailability of the active ingredients. They also help in the formulation of the final product, ensuring its desired texture, taste, and appearance.
Nutraceutical Excipients Market
In recent years, the demand for nutraceuticals has increased significantly, driven by factors such as the growing awareness of the health benefits of these products, the increasing number of people suffering from chronic diseases, and the aging population. This, in turn, has driven the growth of the nutraceutical excipients market.
The market is segmented based on the type of excipient, such as carbohydrates, proteins, lipids, and others. Carbohydrates are the most widely used excipients in the nutraceutical industry, followed by proteins and lipids.
The market is also segmented based on the application of nutraceutical excipients, such as dietary supplements, functional foods, and others. Dietary supplements are the largest segment, accounting for the majority of the market share.
Geographically, the market is segmented into regions such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the largest market for nutraceutical excipients, driven by the increasing demand for nutraceuticals in countries such as China, India, and Japan.
Overall, the nutraceutical excipients market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for nutraceuticals, the growing awareness of their health benefits, and the increasing number of people suffering from chronic diseases.
