According to a new report, published by KBV research, The Global Nutraceutical Excipients Market size is expected to reach $6.9 billion by 2030, rising at a market growth of 7.4% CAGR during the forecast period.
The Inorganic Chemical segment is registering a CAGR of 8.8% during (2023 - 2030). Inorganic chemicals like certain minerals and salts may be utilized in nutraceutical excipients for their stability-enhancing and functional properties. Excipients are of the utmost importance in preserving the stability of active ingredients and guaranteeing the nutraceutical product's overall efficacy. Owing to these factors, there will be increased growth in the segment.
The Dry segment is generating the highest revenue in the Global Nutraceutical Excipients Market by Formulation in 2022, thereby, achieving a market value of $3.9 billion by 2030. Dry nutraceutical excipients offer formulation advantages, particularly regarding stability and shelf life. These excipients, such as dry binders, fillers, and disintegrants, contribute to the overall stability of the end product, preventing issues related to moisture absorption and degradation. Hence, these factors will pose lucrative growth prospects for the segment.
The Modified-Release segment is anticipating a CAGR of 6.7% during (2023 - 2030). Modified release formulations in nutraceuticals allow for controlled and sustained release of active ingredients in the body. This is particularly beneficial for certain supplements and vitamins, ensuring prolonged efficacy and improved absorption. As consumer preferences shift towards products offering sustained benefits, the demand for modified release excipients may increase. Therefore, these factors will lead to enhanced growth in the segment.
The Probiotics segment is leading the Global Nutraceutical Excipients Market by End Product in 2022; thereby, achieving a market value of $1.8 billion by 2030. Probiotics, which are live microorganisms with potential health benefits, have gained popularity in the nutraceutical and functional food industries. The incorporation of probiotics into various products has been driven by increasing consumer awareness of gut health and the potential benefits of these microorganisms. Hence, these aspects will assist in the growth of the segment.
The Coating Agents segment is showcasing a CAGR of 5.1% during (2023 - 2030). The use of coating agents is instrumental in improving the palatability of nutraceutical products. These agents mask undesirable tastes or odors of certain ingredients, making the products more consumer friendly. Additionally, coating agents enable the incorporation of vibrant colors and appealing textures, enhancing the overall aesthetics of the formulations. Hence, these factors will pose lucrative growth prospects for the segment.
Full Report: https://www.kbvresearch.com/nutraceutical-excipients-market/
The North America region dominated the Global Nutraceutical Excipients Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 billion by 2030. The Europe region is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 8.2% during (2023 - 2030).
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