The Nutraceutical Excipients Market is being driven by Prevalence of chronic diseases
The Nutraceutical Excipients Market is expected to grow at a CAGR of 7.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2006.6 million. The nutraceutical excipients market is experiencing a notable trend of new product launches, as manufacturers strive to tackle formulation challenges and enhance product efficacy. In alignment with this trend, Roquette expanded its product offerings in 2023 with the introduction of three new excipient grades, specifically engineered for moisture-sensitive active ingredients in both pharmaceutical and nutraceutical applications. This strategic move underscores the industry's commitment to innovation, addressing a critical concern in the nutraceutical sector. These new excipients, which cater to the unique requirements of moisture-sensitive formulations, underscore the importance of moisture management in maintaining the stability and efficacy of active ingredients. Roquette's latest product introductions are indicative of the broader industry focus on developing specialized excipients that cater to the evolving demands of the global nutraceutical excipients market.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Dry, Liquid, Others) Source (Organic chemicals, Inorganic chemicals, Others) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Nutraceutical Excipients Market Research Report
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Nutraceutical excipients play a crucial role in enhancing the absorption and efficacy of nutraceuticals, functional foods, and nutritional supplements. However, production costs, waste, and regulatory norms pose challenges. Targeted delivery systems, such as taste masking excipients and analogous excipients, address palatability and consumer preferences. Dissolution, particle size distribution, and bulk density are key factors influencing performance. Elevated humidity, heat, light, oxygen, and waste are environmental factors impacting production. Minerals, amino acids, prebiotics, and sweeteners are common excipients used. Coating agents, binders, and disintegrants improve operational efficiency and health benefits. In the competitive environment, energy consumption and clean label trends are essential. The market caters to lifestyle-related diseases, including diabetes, and regulatory compliance is essential.
In the expanding nutraceutical industry, cost optimization and regulatory compliance are key business priorities. The market for nutraceutical excipients is a significant segment of this industry, contributing to the production of tablets and other dosage forms. Technavio's market analysis indicates that the global nutraceuticals market is expected to grow due to factors such as an aging population, increasing demand for bioavailability enhancement, and sustainability concerns. Generic products, which often rely on cost-effective excipients, will continue to dominate the market. Tablet disintegration and bioavailability enhancement are crucial considerations for manufacturers to ensure product efficacy and patient satisfaction. Regulatory compliance with stringent standards, such as FDA and EU guidelines, is essential to maintain market access and consumer trust. Sustainability, a growing concern in the pharmaceutical industry, is also influencing the nutraceutical excipients market, with demand for eco-friendly and biodegradable excipients on the rise.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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