The Latin America, Middle East and Africa Nutraceutical Excipients Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030).
Hydrogels are three-dimensional networks capable of holding large amounts of water. In nutraceuticals, hydrogels are used as excipients to create formulations with controlled release properties. This innovation allows for the sustained delivery of bioactive compounds, improving absorption and prolonging the therapeutic effects. Hydrogels act as protective carriers, shielding the encapsulated bioactive compounds from external influences like light, oxygen, or enzymes. This protective function contributes to the overall stability of the formulation, ensuring that the bioactive compounds maintain their integrity until released in the desired physiological environment.
In addition, 3D printing is making inroads into the nutraceutical industry to develop personalized and customized dosage forms. This technology enables the precise layer-by-layer deposition of excipients and active ingredients, creating complex and tailored formulations. 3D printing offers dosage design, shapes, and combinations flexibility, catering to individualized health needs. At the heart of 3D printing's impact on the nutraceutical industry is its ability to enable precise layer-by-layer deposition of excipients and active ingredients. This methodical layering process allows for meticulous control over the composition and distribution of components within the dosage form. The result is a level of precision that is challenging to achieve through traditional manufacturing methods.
With aging comes an increased awareness of health concerns and a heightened focus on overall wellness. The aging population in South Africa is likely to seek nutraceutical products that address age-related health issues. It plays a crucial role in formulating products tailored to older people's specific nutritional needs. As per the data provided by the Government of South Africa, in 2022 the estimated population of South Africa included more than five million people aged 60 or older. This represents a 9,2 percent share of the overall South African population. Therefore, with the rising pharmaceutical sector and aging population in LAMEA, there will be enhanced demand for nutraceutical excipients in the coming years.
The Brazil market dominated the LAMEA Nutraceutical Excipients Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $151.4 million by 2030. The Argentina market would register a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market is showcasing a CAGR of 9.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Nutraceutical Excipients Market is Projected to reach USD 6.9 Billion by 2030, at a CAGR of 7.4%
Based on Product Source, the market is segmented into Organic Chemical, and Inorganic Chemical. Based on Formulation, the market is segmented into Dry, Liquid, and Others. Based on Functionality Application, the market is segmented into Modified-Release, Solubility & Bioavailability, Taste Masking, Stabilizers, and Others. Based on End Product, the market is segmented into Probiotics, Protein & Amino Acids, Omega-3 Fatty Acids, Vitamins, Prebiotics, Minerals, and Others. Based on Functionality, the market is segmented into Coating Agents, Emulsifying Agents, Colorants & Preservatives, Disintegrants, Suspending & Viscosity Agents, Binders, Flavoring Agents & Sweeteners, Fillers & Diluents, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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