Increased focus on preventative healthcare is driving investment in nutraceuticals, which in turn is increasing demand for nutraceutical excipients

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The nutraceutical excipients market is driven by advances in nanotechnology used to impart new functions to excipients and a wide range of applications in the food and beverage and dietary supplement industry.

The Global nutraceutical excipients market the size is estimated to be nearly USD 3.4 billion in 2020 and is expected to grow at a CAGR of 7.3%, to reach almost USD 4.9 billion by 2025. The nutraceutical excipients market is witnessing an increase in demand, due to the increase in the consumption of nutraceuticals in the world market. Consumers in the global market increasingly prefer dietary supplements and fortified food and beverage products as part of their daily dietary lifestyle. This provides immense opportunities for the growth of nutraceutical excipients, which are widely used as binding, coating, filling, coloring, flavoring, disintegrating and lubricating agents. It is an inactive ingredient that is added with the active nutraceutical ingredients in the product formulation. Furthermore, developed countries such as the United States are already experiencing an increase in demand, however, the growth potential of nutraceutical excipients is increasing at an exponential rate in Asia-Pacific and European countries.

Nutraceutical Excipients Market

Nutraceutical excipients are non-active nutraceutical ingredients that are included in the production of nutraceutical formulations. Excipients are also used to enhance the therapeutic effects of the active ingredients in the final dose. Nutraceutical active ingredients are biologically functional molecules or components, which affect the nutritional absorption, balance and health of a human body, and which are primarily intended to supplement the nutritional profile provided by staple foods. In addition, excipients are essential for the rapid and precise delivery of nutraceutical components. Additionally, maintaining optimal levels of active ingredients in nutraceuticals, such as vitamins and minerals, is a key function of excipients.

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The major players in this market are DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK) ), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (United States), Ashland Global Holdings Inc (United States), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), WRGrace & Co (USA), Omya (Switzerland), Grain Processing Corp (USA) and Gangwal Chemicals Pvt Ltd (India). The major market players, along with the other players, have adopted various business strategies such as new product launches, expansions, and joint ventures and agreements, over the past few years to meet the growing demand for nutraceutical excipients.

The nutraceutical excipients market also includes key start-ups including IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany) , Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe) and Daicel Group (Japan).

The major players in the market are mainly focusing on carrying out expansions for the development of research centers to meet the growing demands of end industry manufacturers by formulating innovative products/solutions. The main strengths of the key players identified in this market are growth strategies such as expansions and investments and mergers and acquisitions. Performing mergers and acquisitions as a key growth strategy has enabled market players to strengthen their presence in the nutraceutical excipients market. Major players, such as DuPont (USA), Ingredion Plc (USA), Roquette Frères (France) and a few others have undertaken these strategies to improve their distribution network, establish themselves more solidly and increase their market share. market. For example, DuPont inaugurated a new factory in Oegstgeest, the Netherlands. This development will benefit the company to expand its research capabilities for its nutrition and biosciences segment, while specifically strengthening its position in the European, Middle East and African regions.

Cargill Incorporated (USA), is involved in the manufacturing and marketing of food ingredients, agricultural products, risk management and financial services and industrial products worldwide. The Company’s main business segments include Animal Nutrition, Food & Beverage, Bio-Industry, Food Service, Agriculture, Risk Management, Meat & Poultry, Industrial, Beauty , pharmacy and transportation. It offers a wide range of excipient products in its pharmaceutical segment to several players in the pharmaceutical and nutraceutical industry.

Cargill Inc has a strong geographic presence in over 125 countries across regions, such as North America, Latin America, Asia-Pacific, Europe, North Africa, Middle East and Africa. It operates its R&D centers in more than 200 locations in European and North American regions. Some of the Company’s major research facilities are Minneapolis R&D and Innovation Centers, Asia Innovation Center, Biotechnology Development Center, Cargill ONE Innovation Center and European Innovation Center. food innovation. In addition, some of the Company’s subsidiaries include Cargill Meat Solutions (USA), Cargill Enterprises Inc. (Russia), Cargill Asia Pacific Holdings Pvt Limited (Singapore), Cargill RSA (Pty) Limited (South Africa), Cargill España SA (Spain), Cargill Nordic A/S (Sweden), Provimi (Netherlands) and NatureWorks (United States). The Company’s main competitors are Associated British Foods (ABF) Plc (UK), Ashland Inc. (US), DuPont (US) and Ingredion Incorporated (US).

Associated British Foods (ABF) Plc (UK), was formerly known as Food Investments Ltd until 1982. It is a leading manufacturer and processor of foods and ingredients and is also involved in retail businesses of its foods and ingredients. The company conducts the majority of its business in five main segments, such as sugar, agriculture, retail, grocery and ingredients.

ABITEC, an ABF ingredients company, is the leading supplier of excipient products, which include lubricants, binders, glazing agents and flavoring agents to various players in the pharmaceutical and nutraceutical industries. In addition, ABF markets a range of other excipient products through its other brand, SPI Pharma (USA), a pharmaceutical and nutraceutical manufacturer, which offers a range of functional excipient products, meeting the demand of major players in the pharmaceutical and nutraceutical industries. SPI Pharma operates under the ingredients division of Associated British Foods (ABF) Plc, ABF Ingredients (UK). Among its subsidiaries, ABF Ingredients (UK) has a global presence in nine countries, including the United States, Brazil, Germany, France, United Kingdom, Finland, India, Singapore and China, and has nearly five companies operating there.

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Kerry Group Plc (Ireland), is one of the world’s leading manufacturers of food ingredients and flavors and a supplier of value-added brands. At first it operated as a dairy co-operative in Ireland, and in the later phase as manufacturers of real and wholesome ingredients. It provides a wide range of excipients as part of its pharmaceutical product line through its taste and nutrition business segment.

The group operates through more than 147 manufacturing sites in 32 countries across six regions. It is present in more than 140 countries in Europe, the Middle East and Africa (EMEA), North America, South America and Asia-Pacific. The company is primarily focused on investing in innovations and developing new products to meet the global demand for innovative ingredients and alternatives. The company has over 577 patents filed worldwide. Its product solutions serve a range of industries, including bakery, dairy, poultry and seafood, snacks, beverages, pharmaceutical and biotechnology, and animals and pets.

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