Some bioactive ingredients and compounds are being utilized in the manufacturing of functional foods and dietary supplements to improve their medicinal and nutritional advantages. Future Market Insights has recently released a report on global nutraceutical excipients market. Analysts from FMI has fielded some questions based on presumptive growth of global nutraceutical excipients market.
What is your take on expansion of global nutraceutical excipients market?
According to the report published by FMI, the global market for nutraceutical excipients market is likely to witness expansion at 7.3% CAGR during the forecast period (2017-2026). The market has been estimated to reach valuation of nearly US$ 4.7 Bn by 2026-end. Large number of nutraceutical excipients will be used in manufacturing of functional food, drugs.
What are the factors influencing increasing demand for nutraceutical excipients?
The demand for nutraceutical excipients is likely to be considered high for serving in the form of binders. The demand for binders will remain higher due to its role in the tablet formulation and generating a biochemical equilibrium during manufacturing of nutraceuticals and functional foods, while diluents and fillers will amount for largest value share. Over US$ 1 Bn worth nutraceutical excipients sold across the globe will be utilized for production of these products, by the end of 2026. Large volumes of diluents and fillers will be manufactured by companies in order to meet predominant demand that is estimated to register fastest revenue expansion at an estimated 8.2% CAGR during the forecast period.
How nutraceutical excipients are profitable to the growth of the market?
The dry nutraceutical excipients for example sugars, preservative powders are likely to bolster the production of nutraceutical and witness high compatibility in stabilization of bioactive compounds, related to liquid excipients. Approximately 60% of nutraceutical excipients sold globally will be in dry form, by 2026-end. Nearly 25 to 30% of the total nutraceutical excipients manufactured globally will be used for production of end-products containing amino acids and proteins. The nutraceutical excipients sold for the manufacturing of supplements containing amino acids and proteins is likely to bring US$ 1.4 Bn worth revenue by 2026-end.
Why will nutraceutical excipients market in North America is likely to grow at faster pace?
Increased value growth in consumption of functional and medicinal foods across the US as well as high growth in the food industry is likely to drive the growth of nutraceutical excipients market in North America. The nutraceutical excipients market in North America is estimated to reach valuation of more than US$ 1.8 Bn by 2026-end.
What are the prominent players operating in the global market?
Associated British Foods plc, Ingredion Incorporated, Kerry Group plc, Roquette Fréres S.A., DuPont, and Meggle AG are considered as the prominent players operating in the market and are contributing more to the growth of the market. However, JRS Pharma GmbH & Co.KG, Cargill, Hilmar Ingredients, Innophos, Inc., and IMCD Group B.V. have consolidated their footprints in the global market in recent past. The report also reveals information related to the growth strategies of these leading players as well as long term vision of these players to remain at the pole position for long period.
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