The North America Nutraceutical Excipients Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
The dynamic and rapidly evolving nutraceutical industry is pivotal in meeting the demand for health and wellness products. At the heart of this industry lies the intricate nutraceutical excipients, essential components that contribute to the formulation, stability, and efficacy of a diverse array of health-promoting products. From dietary supplements and functional foods to wellness beverages, these are critical ingredients that facilitate the delivery of bioactive compounds, ensuring optimal absorption and utilization by the human body.
In addition, it, often inactive or inert substances, are integral to the formulation of nutraceutical products. Unlike active ingredients, which provide therapeutic or health-promoting effects, excipients perform crucial functions in the manufacturing process and contribute to the final product's overall quality, stability, and bioavailability. These excipients serve as carriers, binders, fillers, disintegrants, and encapsulating agents, among other roles, playing a behind-the-scenes yet indispensable part in the development of nutraceutical formulations.
As per the data published in 2022 by Statistics Canada, over 861,000 people aged 85 and older were counted in the 2021 Census, more than twice the number observed in the 2001 Census. The population aged 85 and older is one of the fastest-growing age groups, with a 12% increase from 2016. Currently, 2.3% of the population is aged 85 and older. Thus, the growing aging population and nutraceutical sector in North America will assist in the growth of the regional market.
The US market dominated the North America Binders Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $259.5 million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2023 - 2030).
Free Valuable Insights: The Nutraceutical Excipients Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Product Source
By Formulation
By Functionality Application
By End Product
By Functionality
By Country
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