LONDON, May 23, 2018 (GLOBE NEWSWIRE) -- According to the new report by Meticulous Research ® , the global nutraceutical excipients market is expected to reach USD 2,732.8 million by 2023, growing at a CAGR of 8.4% from 2018 mainly due to “growing demand for nutraceuticals, development of multifunctional excipients, and advances in nanotechnology. However, factors such as declining R&D investments for nutraceutical excipients are expected to hinder the growth of this market to some extent.”
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The report also notes that, based on end products, proteins and amino acids commanded the largest share of the global nutraceutical excipients market in 2017. The increased demand for protein consumption is driving the demand for protein supplements across the globe. Also, growing health concerns and thereby fitness centers, health clubs, and gymnasiums across the world further propels the use of protein supplements, thereby driving the adoption of nutraceutical excipients in protein and amino acids supplements.
Geographically, North America is the major market for nutraceutical excipients, followed by Asia-Pacific and Europe. The largest share of this region is mainly attributed to “growing aging population and thereby the increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and respiratory diseases; sedentary lifestyle; rising public healthcare cost; and growing public awareness of the link between diet and health.”
The key players operating in this market are Kerry Group plc, Innophos Holdings, Inc., SensientColors LLC, JRS PHARMA, Cargill, Incorporated, Hilmar Ingredients., E.I. du Pont de Nemours and Company, Ingredion Incorporated, Roquette Freres SA, MEGGLE Group Wasserburg, and ABF Ingredients, among others.
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Scope of the Report:
Market by Form
- Dry
- Wet
Market by Type
- Fillers & Diluents
- Coating Agents
- Binders
- Disintegrants
- Colorants & Sweeteners
- Flavoring Agents
- Lubricants
- Others
Market by End Product
- Proteins & Amino Acids
- Vitamins
- Minerals
- Omega 3 Fatty Acids
- Prebiotics and probiotics
- Others
Market by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Japan
- China
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
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Contact Info:
Viren Shrivastava
Email: viren@meticulousresearch.com
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