#Nutraceutical Excipients Market Overview
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The nutraceutical excipients market is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. Increased focus on preventive care and consumption of supplements has led to a rising demand for nutraceutical excipients. Innovations in processing technologies are leading to the creation of excipients with improved characteristics. Techniques such as spray drying, freeze-drying, and granulation are enabling the production of excipients with better flowability, compressibility, and consistency.
#Nutraceutical Excipients Market#Nutraceutical Excipients#Nutraceutical Excipients Market Size#Nutraceutical Excipients Market Share#Nutraceutical Excipients Market Growth#Nutraceutical Excipients Market Trends#Nutraceutical Excipients Market Forecast#Nutraceutical Excipients Market Analysis#Nutraceutical Excipients Market Report#Nutraceutical Excipients Market Scope#Nutraceutical Excipients Market Overview#Nutraceutical Excipients Market Outlook#Nutraceutical Excipients Market Drivers#Nutraceutical Excipients Industry#Nutraceutical Excipients Companies
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The nutraceutical excipients market size is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. Nutraceutical excipients are substances that are added to nutritional or dietary supplements to aid in the formulation and manufacturing process.
#Nutraceutical Excipients Market#Nutraceutical Excipients#Nutraceutical Excipients Market Size#Nutraceutical Excipients Market Share#Nutraceutical Excipients Market Growth#Nutraceutical Excipients Market Trends#Nutraceutical Excipients Market Forecast#Nutraceutical Excipients Market Analysis#Nutraceutical Excipients Market Report#Nutraceutical Excipients Market Scope#Nutraceutical Excipients Market Overview#Nutraceutical Excipients Market Outlook
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Nutraceutical Excipients Market Size, Industry Overview, Trends, Growth Drivers, Top Companies, and Forecast
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Gum Arabic Market Innovations: Advancements Shaping the Industry
Gum Arabic, also known as Acacia gum or E414, is a natural plant-derived substance harvested from various species of Acacia trees, primarily found in the African and Middle Eastern regions. This edible sap has been utilized for centuries across different cultures and industries due to its versatile properties and applications. In this article, we will delve into the comprehensive aspects of the Gum Arabic market, covering its definition, market overview, growth prospects, industry landscape, and emerging trends.
Definition: Gum Arabic is a water-soluble polysaccharide derived from the exudates of Acacia trees. It consists mainly of arabinose and galactose sugars, making it an essential hydrocolloid with unique functional properties. This natural gum is widely recognized for its emulsifying, stabilizing, thickening, and gelling capabilities, making it a valuable ingredient in various industries, including food and beverages, pharmaceuticals, cosmetics, and printing.
Market Overview: The Gum Arabic market has experienced steady growth over the years, driven by its expanding applications and the rising demand for natural and clean-label ingredients. It plays a pivotal role as a natural stabilizer and emulsifier in the food and beverage industry, particularly in the production of soft drinks, confectionery, and baked goods. Moreover, Gum Arabic is gaining prominence in the pharmaceutical sector due to its use as a binder and excipient in tablet formulations.
Market Growth: The Gum Arabic market is poised for significant growth in the coming years, owing to several factors. The increasing consumer preference for natural and organic products has boosted its adoption in the food and beverage industry. Additionally, the rising awareness of the health benefits associated with Gum Arabic, such as its prebiotic properties, further fuels market growth. The pharmaceutical and nutraceutical sectors are expected to witness substantial demand as well, driven by its application in drug delivery systems and dietary supplements.
Market Industry: The Gum Arabic market industry is characterized by a diverse range of players, including manufacturers, suppliers, and distributors. Key producers are primarily concentrated in the regions where Acacia trees are abundant, such as Sudan, Chad, and Nigeria. These countries contribute significantly to global Gum Arabic production. The market is highly competitive, with companies continually focusing on research and development to enhance the quality and functionality of Gum Arabic-based products.
Trends: Several emerging trends are shaping the Gum Arabic market. One notable trend is the increasing use of Gum Arabic in the cosmetics and personal care industry due to its natural and skin-friendly properties. Furthermore, sustainability and responsible sourcing practices are becoming crucial, with consumers and businesses alike emphasizing ethical and environmentally friendly Gum Arabic production. This aligns with the broader global trend towards sustainability and eco-consciousness in the food and ingredient industry.
In conclusion, Gum Arabic is a versatile natural ingredient with a wide array of applications across various industries. Its steady growth, driven by consumer preferences for natural products, health benefits, and expanding applications, positions it as a pivotal component in the global market. As the market evolves, keeping pace with emerging trends such as sustainability and its diversification into new industries, Gum Arabic is likely to continue playing a vital role in shaping the future of the food, pharmaceutical, and cosmetics sectors.
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Nutraceutical Excipients Market Analysis (COVID-19 Analysis) – Industry Insights, Drivers, Top Trends, Analysis, Forecast and Opportunities to 2028
The Nutraceutical Excipients Market research report by The Insight Partners includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the Nutraceutical Excipients market growth.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.https://www.theinsightpartners.com/sample/TIPRE00005153
The report offers in-depth assessment of the growth and other aspects of the Nutraceutical Excipients market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Nutraceutical Excipients Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2019 to 2028.
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Major Key Points of Nutraceutical Excipients Market
Nutraceutical Excipients Market Overview
Nutraceutical Excipients Market Competition
Nutraceutical Excipients Market, Revenue and Price Trend
Nutraceutical Excipients Market Analysis by Application
Company Profiles and Key Figures in Nutraceutical Excipients Market
Market Dynamics
Methodology and Data Source
Companies Profiled in this report includes:
1.Cargill, Incorporated
2.E. I. du Pont de Nemours and Company
3.Hilmar Ingredients
4.IMCD
5.Ingredion Incorporated
6.Innophos, Inc.
7.JRS Pharma LP
8.Kerry Group plc
9.Roquette Frères
10.Sensient Technologies
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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Nutraceutical Excipients, Nutraceutical Excipients Market,Nutraceutical Excipients Market 2022, Global Nutraceutical Excipients Market
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Immunoassays in R&D Market Overview, Applications, Investment, Price and Profit Till 2027
Immunoassays in R&D Market Segmentation:
The global Immunoassays In R&D Market is segmented on the basis of product, type, application, end user, and region.
By product type, the global immunoassays in R&D market is segmented into kits and reagents, analyzers, and software and services.
By type, the global immunoassays in R&D market is segmented into enzyme-linked immunosorbent assays (ELISA), enzyme-linked immunospot assay (ELISpot), chemiluminescence, fluoroimmunoassay, and others.
By application, the market is segmented into infectious diseases, cancer research, endocrinology, autoimmune diseases, and others.
By end use, the immunoassay in R&D market is segmented into pharmaceutical and biotechnology companies, academic institutions and laboratories, and others.
Immunoassays in R&D Market Regional Analysis:
The Americas is likely to be the dominant regional market for immunoassays in R&D over the forecast period. The strong presence of healthcare research agencies in the region, allied to strong government funding for healthcare technology development, is likely to be a major driver for the global immunoassay in R&D market over the forecast period. The growing awareness about autoimmune diseases and cancer research in the region is likely to be a major driver for the immunoassays in R&D market. Europe is also likely to be a major regional market for immunoassays in R&D due to the growing government support for medical research.
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Immunoassays in R&D Market Highlights
The global immunoassays in R&D market is expected to exhibit a strong 8.18% CAGR over the forecast period from 2018 to 2023 and rise to a valuation of USD 7,716.6 million, according to the latest research report from Market Research Future (MRFR). The report profiles the global immunoassay in R&D market in detail and provides a comprehensive analysis of the market’s growth trajectory over the historical review period. The key factors influencing the growth of the market over the period are studied in detail in the report, providing readers with a clear look at the factors driving and restraining the immunoassays in R&D market.
Immunoassays are a bioanalytical tool widely used in disease diagnosis and therapeutic drug research, development, and monitoring. Immunoassays provide an accurate quantitative analysis of drug development processes and testing. The quantitative analysis provided by immunoassays is the leading driver for the global immunoassays in R&D market, as more accurate, well-informed decisions can be made regarding dosage and formulations with the help of immunoassays. The increasing demand for more effective drug formulations in the pharmaceutical sector is likely to be a major driver for the global immunoassays in R&D market over the forecast period. As the prevalence of diseases has grown, the demand for more effective drug development has grown stronger, leading to a growing demand from the immunoassays market.
The growing prevalence of autoimmune disorders, infectious diseases, endocrine disorders, and cancer is likely to be a major driver for the immunoassay in R&D market, as these comprise major disease classes in which immunoassays are widely used for drug development and monitoring. Growing pollution and environmental problems have triggered a rise in the prevalence of autoimmune diseases in recent years, leading to a growing demand for organic, risk-free medication that can control autoimmune diseases. Cancer research has also become a major expenditure avenue for healthcare investors and is likely to remain a profitable revenue generator for the immunoassays in R&D market over the forecast period.
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Immunoassays in R&D Market Operated Leading Players:
Leading players in the global immunoassays in R&D market include Abcam plc, Sysmex Corporation, F. Hoffman-La Roche Ltd., Abbott Laboratories, bioMerieux Inc., Danaher Corporation, Becton Dickinson and Company, Siemens Healthineers, Thermo Fisher Scientific Inc., and Bio-Rad Laboratories Inc. Developing single-use kits as well as a healthy software platform are likely to remain important agendas for players in the immunoassays in R&D market over the forecast period. Growing demand for single-use pharmaceutical kits in order to ensure zero contamination is likely to drive development in the immunoassay in R&D market. The growing demand for easily integrable software platforms for running immunoassay operations is also likely to be a major driver for the global immunoassay in R&D market over the forecast period.
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Antimicrobial Preservatives Market Top Companies Statistics Analysis, Trends
Global Antimicrobial Preservatives Market: Overview
Antimicrobial preservatives are chemical formulations needed in a wide range of applications that need biocidal action to prevent the growth of bacteria, fungus, and a variety of microorganisms. Products such as pharmaceuticals, personal care products, cosmetics, medical devices, and food products are witnessing the extensive use of these chemicals in the global antimicrobial preservatives market. The usage of these chemicals has gained traction as excipients for pharmaceutical and nutraceutical products.
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The antimicrobial preservatives market is witnessing several manufacturers focused on improving the action of these chemicals to include wide range of pathogens in the pharmaceutical and medical devices industries. Efforts are also being made to improve the safety and efficacy profiles of antimicrobial preservatives, so as to reinforce their use in food and medical applications, world over. In numerous applications, combination of preservatives are used in antimicrobial formulations. Emerging variety of preservative system expected to hold promise for the manufacturing of medicinal products is opening new evolutionary dynamics in the antimicrobial preservatives market.
Global Antimicrobial Preservatives Market: Notable Developments
As validation of drug products become more stringent in various parts of the world, efforts are made for increasing the efficacy of active pharmaceutical ingredients (APIs) used in them. The unmet need in the end-use industry is source to several new revenue streams for stakeholders in the antimicrobial preservatives market. Several regulatory requirements mandate the use of an effective antimicrobial preservatives to prevent the growth of bacteria in product as well as in packaging. To address the related concerns, there is an increasing demand for antimicrobial effectiveness testing mechanism in the global antimicrobial preservatives market.
To adhere to numerous regional standards a preservative efficacy testing (PET) method holds promise. The ability of antimicrobial preservatives for inhibiting microorganism should conform to the United States Pharmacopeial Convention (USP), European Pharmacopoeia, and British Pharmacopoeia (BP) standards. The specialist method factors in various parameters in assessing the efficacy of antimicrobial preservatives so that they world well in a variety of application conditions. The PET is considered effective against Gram-negative and Gram-positive bacteria, molds, and yeasts. The growing demand for PET as a stability test is opening new world of possibilities in the antimicrobial preservatives market.
Companies in the antimicrobial preservatives market are entering into partnerships and collaborations with labs in developed nations to help them comply with stringent regulation of drug products. They are also pouring in money into research and development activities to develop technologically-advanced PET.
Some of the most prominent competitors operating in the competitive landscape of global antimicrobial preservatives market include –
Royal DSM
DowDuPont
Clariant AG
Celanese Corporation
BASF SE
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Global Antimicrobial Preservatives Market: Key Growth Dynamics
The rising demand for biocides in a range of medicinal products, notably in drug making, is a key factor propelling the expansion of the global antimicrobial preservatives market. Substantial demand for multi-dose protein formulations among patient populations is fueling the use of antimicrobial preservatives.
In recent years, especially in developing and developed countries, the demand for natural preservatives in food products is fast gaining traction. This has paved way to several exciting products in the antimicrobial preservatives market. The advent of essential oils as antimicrobial preservatives has proved promising in cheese products. Growing preference of natural over artificial additives is driving the momentum in this direction.
Manufacturers are constantly improving the efficacy of antimicrobial preservatives to meet a broad range of microbial activity in several applications. Considerable revenues to the antimicrobial preservatives market will also come from rising demand for antimicrobial packaging for food and beverages. Efforts to improve the shelf-life of food products drive the demand in this application in the market.
Global Antimicrobial Preservatives Market: Regional Assessment
On the regional front, Asia Pacific excluding Japan is expected to contribute sizable revenues to the global antimicrobial preservatives market. This is in part driven by substantial demand for antimicrobial packaging, especially in the food and beverages industry. North America is also expected to hold an incredible potential, driven partly by the rising demand for more efficacious antimicrobial preservatives in personal care products and drug making.
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The nutraceutical excipients market size is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value.
#Nutraceutical Excipients Market#Nutraceutical Excipients#Nutraceutical Excipients Market Size#Nutraceutical Excipients Market Share#Nutraceutical Excipients Market Growth#Nutraceutical Excipients Market Trends#Nutraceutical Excipients Market Forecast#Nutraceutical Excipients Market Analysis#Nutraceutical Excipients Market Report#Nutraceutical Excipients Market Scope#Nutraceutical Excipients Market Overview#Nutraceutical Excipients Market Outlook#Nutraceutical Excipients Market Drivers#Nutraceutical Excipients Industry#Nutraceutical Excipients Companies
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The nutraceutical excipients market is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. Increased focus on preventive care and consumption of supplements has led to a rising demand for nutraceutical excipients. Innovations in processing technologies are leading to the creation of excipients with improved characteristics. Techniques such as spray drying, freeze-drying, and granulation are enabling the production of excipients with better flowability, compressibility, and consistency.
#Nutraceutical Excipients Market#Nutraceutical Excipients#Nutraceutical Excipients Market Size#Nutraceutical Excipients Market Share#Nutraceutical Excipients Market Growth#Nutraceutical Excipients Market Trends#Nutraceutical Excipients Market Forecast#Nutraceutical Excipients Market Analysis#Nutraceutical Excipients Market Research Report#Nutraceutical Excipients Market Scope#Nutraceutical Excipients Market Overview#Nutraceutical Excipients Market Outlook#Nutraceutical Excipients Industry
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Nutraceutical Excipients Market by Functionality (Binders, Fillers & Diluents, Coating Agents, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region - Global Forecast to 2025 published on
https://www.sandlerresearch.org/nutraceutical-excipients-market-by-functionality-binders-fillers-diluents-coating-agents-and-flavoring-agents-end-product-prebiotics-probiotics-proteins-amino-acids-and-vitamins-form.html
Nutraceutical Excipients Market by Functionality (Binders, Fillers & Diluents, Coating Agents, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region - Global Forecast to 2025
“The nutraceutical excipients market is projected to grow at a CAGR of 7.3% in terms of value.The key drivers include increasing adoption of dietary supplements and fortified food & beverage products as a preventive healthcare measure, which, in turn, is boosting the market growth for nutraceutical excipients.”
The global nutraceutical excipients market size is estimated at USD 3.4 billion in 2020 and projected to grow at a CAGR of 7.3% to reach USD 4.9 billion by 2025. The nutraceutical excipients market is driven by the growth in demand for nutraceuticals and advances in nanotechnology used to impart new functions to excipients. Several multinational excipient manufacturers have made minimal investments in R&D for excipients in the past few years, except in the area of specialty excipients. The decline in the returns on R&D investments for developing new and innovative excipients due to several challenges is expected to restrict the growth of the excipients market in the long run.
“Prebiotics is projected as the fastest-growing segment during the forecast period.”
Based on the end product, the market for prebiotics is projected to be the fastest-growing during the forecast period. Prebiotics manufactured in the capsule form usually have a coating agent—HPMC—as an excipient. This coating agent helps in maintaining the integrity of the capsule and prevents damage due to moisture. It acts as a barrier to the external environment and protects the active ingredient from humidity. HPMC is also increasingly used in the manufacture of prebiotic capsules to help in the efficient delivery of both the active ingredients. Thus, in prebiotic preparation, excipients support product performance.
“Based on form, dry are projected to form the larger market during the forecast period.”
Based on the form of the nutraceutical excipients, the dry form segment is projected to form the larger segment. The popularity of the dry form can be attributed to its cost-effectiveness and convenience in multiple applications. An increase in demand for dry beverage mixes with additional nutrients (including customized mixes) and consumer preference for fortified beverages are fueling the growth of the dry segment in the nutraceutical excipients market.Among the regional and local players in the global nutraceutical excipients market, various manufacturers, such as Cargill (US), ABF (UK), Seppic (France), BASF SE (Germany), Shin-Etsu Chemical Co (Japan), Fuji Chemicals Industry (Japan), PharmatransSanaq AG (Switzerland), Pioma Chemicals (India), Kerry (Ireland), and other players offer portfolios of excipients in the dry form to various industries, such as functional foods, dietary supplements, and fortified beverages.
“The flavoring agent segment, by functionality is projected to grow at the highest rate during the forecast period.”
Nutraceuticals, dietary supplements, and functional or fortified foods & beverages impart flavors that might at times, be unappealing to consumers. The oral administration of bitter or unpleasant-tasting medications is often a major obstacle for patients in the pediatrics and geriatrics groups. To mask these hard flavors, such as the metallic flavor of minerals and sour taste of vitamins, flavoring agents find application in nutraceutical products, which include dietary supplements and premixes. Flavoring agents are widely used in the nutraceuticals industry due to the increase in consumer preference for natural flavors and their increased acceptance of flavored tablets. Certain flavoring agents, such as sweeteners, are added to drug formulations to mask undesirable tastes and promote better patient compliance. These excipients are usually categorized as natural, artificial, nutritive, non-nutritive, polyols, and novel.
Break-up of Primaries:
By Value Chain: Manufacturers- 80% and Suppliers – 20%
By Designation: CXOs- 44%, Managers–34%,and Executives–22%
By Region: North America- 35%, Europe- 30%, Asia Pacific- 20%, South America- 10%, and The Middle East & Africa- 5%.
Leading players profiled in this report:
DuPont (US)
BASF SE (Germany)
Kerry Group PLC (Ireland)
Ingredion Inc(US)
Sensient Technologies (US)
Associated British Foods (UK)
Roquette Freres (France)
Meggle Group Wasser (Germany)
Cargill Inc (US)
Ashland Global Holdings Inc (US)
Seppic (France)
Shin-Etsu Chemical Co Ltd (Japan)
Fuji Chemical Industries Co Ltd (Japan)
PharmatransSanaq AG (Switzerland)
Pioma Chemicals (India)
Gattefosse (India)
W.R. Grace& Co (US)
Omya (Switzerland)
Grain Processing Corp (US)
Gangwal Chemicals Pvt Ltd (India)
IMCD (Netherlands)
Hilmar Ingredients (US)
Innophos Holdings Inc (US)
JRS Pharma (Germany)
Biogrund GmbH (Germany)
Pharma Line Int’l Corp (South Korea)
Jigs Chemical (India)
Panchamrut Chemicals (India)
Azelis Chemical Ltd (Europe)
Daicel Group (Japan)
Research Coverage:
The report segments the nutraceutical excipients market based on functionalities, form, end product, and region. In terms of insights, this report focuses on various levels of analyses—the competitive landscape,end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global nutraceutical excipients market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
To get a comprehensive overview of the highly growing nutraceutical excipients market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the major countries/regions in which the nutraceutical excipients market is flourishing
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COVID 19 Impact on Nutraceutical Excipients Market Size, Share, Trends, Top Players, Demands, Overview, Component, Industry Revenue
COVID 19 Impact on Nutraceutical Excipients Market Size, Share, Trends, Top Players, Demands, Overview, Component, Industry Revenue
Nutraceutical Excipients Market Overview:
The global market for nutraceutical excipients can take a leap from a valuation of USD 3.1 Bn in 2017 and reach USD 4.81 Bn by the end of 2023. The time frame, 2018 to 2023, can be considered as the forecast period. Market Research Future (MRFR) makes a strong statement by showing factors that can inspire better growth for the market
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Global Nutraceutical Excipients Market by Types, Applications, and Regions - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026
The global nutraceutical excipients market size is anticipated to expand at a substantial CAGR during the forecast period, 2020–2026, owing to its rising utilization in various products such as supplements and food & beverage, as it possesses multifunctional properties. Moreover, various applications of nutraceutical excipients comprise binding, disintegrants, fillers, diluents, coating agents, and flavoring agents. Increase in prevalence of lifestyle diseases is triggering consumers to become more vigilant about their dietary customs and nutritional consumption.
Nutraceutical is a mixture of pharmaceutical and nutrition, performing a significant part in transforming and aiding in the normal physiological functioning of the healthy human body. These elements are utilized in product formulations. They are used in the production of amino acid-based and protein-based nutraceutical products. Use of excipients for various applications is expected to be a key factor fueling the market growth in the coming years. This, in turn, can create untapped opportunities in the market.
Market Trends, Drivers, Restraints, and Opportunities:
Manufacturers are expected to bank on the new advancements in excipient technologies to improve the versatility of multifunctional nutraceutical excipients in various applications.
Rising use of nanotechnology can be a major factor driving growth the market.
Manufacturers are expected to propel investments in research & development to launch more effective multifunctional nutraceutical excipients at affordable prices. This is anticipated to fuel market growth.
Any nutritional or dietary supplement finds a high steady form in the solid state than in the liquid state, thus the demand for dry nutraceutical excipients is expected to increase.
Scope of the Report:
The report on the nutraceutical excipients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Dietary Supplements in the age of Personalized Nutrition Market Trends, Applications and Types
Key Players
Some of the key players in this dietary supplement in an age of personalized nutrition market are Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbott Laboratories, Herbalife International, Amway, Danisco, Glanbia, Bayer AG, GlaxoSmithKline plc, Pfizer Inc., Balchem Corporation, Natures Product Inc., Bactolac Pharmaceutical Inc. and others.
Market Overview:
Increasing incidence of diseases due to sedentary lifestyle and a lack of balanced diet has majorly influenced the growth of the market. According to the World Health Organization (WHO), in 2015, over 17.7 million people died from cardiovascular diseases, representing 31% of all global deaths. According to the same study, it was found that 82% of the total deaths occurred in the low and middle-income countries.
Dietary supplements in the age of personalized nutrition plays an important role in the treatment of various lifestyle diseases such as atherosclerosis, cardiovascular disease, stroke; obesity and type 2 diabetes due to which there has been an increasing demand for dietary supplements in the age of personalized nutrition. Changing the dietary approaches and switching to therapeutic lifestyle prove effective in the prevention of hypertension and other cardiovascular disorders. Furthermore, many organizations such as the America Heart Association and the National Heart, Lung and Blood Institute have come up with strategic diets to minimize the risks for cardiovascular and other lifestyle related diseases.
In recent years, the dietary supplement in an age of personalized nutrition market has witnessed tremendous growth. The major factors influencing the growth of the market include rapid diversification and rising prevalence of various lifestyle diseases worldwide, rising approval from government bodies, growing awareness, and screening for diabetes mellitus, rise in research funding for diagnosis and treatment of these conditions. Furthermore, increasing government healthcare expenditure for the welfare of the population, has spurred the growth of this market.
Healthcare expenditure across the globe is continuously increasing. From the last decades, healthcare expenditure in regions like the Americas and Europe has increased. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion. Since 2016, the healthcare spending in North America has been increased. Canadian healthcare specifically was stressed by an advancing demographic move. Therefore, growing healthcare expenditure.
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Antimicrobial Preservatives Market Competitive Analysis
Global Antimicrobial Preservatives Market: Overview
Antimicrobial preservatives are chemical formulations needed in a wide range of applications that need biocidal action to prevent the growth of bacteria, fungus, and a variety of microorganisms. Products such as pharmaceuticals, personal care products, cosmetics, medical devices, and food products are witnessing the extensive use of these chemicals in the global antimicrobial preservatives market. The usage of these chemicals has gained traction as excipients for pharmaceutical and nutraceutical products.
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The antimicrobial preservatives market is witnessing several manufacturers focused on improving the action of these chemicals to include wide range of pathogens in the pharmaceutical and medical devices industries. Efforts are also being made to improve the safety and efficacy profiles of antimicrobial preservatives, so as to reinforce their use in food and medical applications, world over. In numerous applications, combination of preservatives are used in antimicrobial formulations. Emerging variety of preservative system expected to hold promise for the manufacturing of medicinal products is opening new evolutionary dynamics in the antimicrobial preservatives market.
Global Antimicrobial Preservatives Market: Notable Developments
As validation of drug products become more stringent in various parts of the world, efforts are made for increasing the efficacy of active pharmaceutical ingredients (APIs) used in them. The unmet need in the end-use industry is source to several new revenue streams for stakeholders in the antimicrobial preservatives market. Several regulatory requirements mandate the use of an effective antimicrobial preservatives to prevent the growth of bacteria in product as well as in packaging. To address the related concerns, there is an increasing demand for antimicrobial effectiveness testing mechanism in the global antimicrobial preservatives market.
To adhere to numerous regional standards a preservative efficacy testing (PET) method holds promise. The ability of antimicrobial preservatives for inhibiting microorganism should conform to the United States Pharmacopeial Convention (USP), European Pharmacopoeia, and British Pharmacopoeia (BP) standards. The specialist method factors in various parameters in assessing the efficacy of antimicrobial preservatives so that they world well in a variety of application conditions. The PET is considered effective against Gram-negative and Gram-positive bacteria, molds, and yeasts. The growing demand for PET as a stability test is opening new world of possibilities in the antimicrobial preservatives market.
Companies in the antimicrobial preservatives market are entering into partnerships and collaborations with labs in developed nations to help them comply with stringent regulation of drug products. They are also pouring in money into research and development activities to develop technologically-advanced PET.
Some of the most prominent competitors operating in the competitive landscape of global antimicrobial preservatives market include –
Royal DSM
DowDuPont
Clariant AG
Celanese Corporation
BASF SE
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Global Antimicrobial Preservatives Market: Key Growth Dynamics
The rising demand for biocides in a range of medicinal products, notably in drug making, is a key factor propelling the expansion of the global antimicrobial preservatives market. Substantial demand for multi-dose protein formulations among patient populations is fueling the use of antimicrobial preservatives.
In recent years, especially in developing and developed countries, the demand for natural preservatives in food products is fast gaining traction. This has paved way to several exciting products in the antimicrobial preservatives market. The advent of essential oils as antimicrobial preservatives has proved promising in cheese products. Growing preference of natural over artificial additives is driving the momentum in this direction.
Manufacturers are constantly improving the efficacy of antimicrobial preservatives to meet a broad range of microbial activity in several applications. Considerable revenues to the antimicrobial preservatives market will also come from rising demand for antimicrobial packaging for food and beverages. Efforts to improve the shelf-life of food products drive the demand in this application in the market.
Global Antimicrobial Preservatives Market: Regional Assessment
On the regional front, Asia Pacific excluding Japan is expected to contribute sizable revenues to the global antimicrobial preservatives market. This is in part driven by substantial demand for antimicrobial packaging, especially in the food and beverages industry. North America is also expected to hold an incredible potential, driven partly by the rising demand for more efficacious antimicrobial preservatives in personal care products and drug making.
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The nutraceutical excipients market is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value.
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