#Nutraceutical Market analysis
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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.
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Nutraceuticals Market 2024 — Size, Share, Trends, Growth Analysis, and Outlook by 2034
The Nutraceuticals market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Nutraceuticals Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level. With tables and figures helping evaluate the Global Nutraceuticals market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.
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Key players offered in the market: Corbion Galactic ADM Musashino Chemical Laboratory Vertec BioSolvents Somaiya Group Natural Remedies Huade Biological Engineering Nature's Sunshine Danone Nestle Perrigo NBTY Mission Vivacare Esun
Additionally, it takes account of the prominent players of the Nutraceuticals market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Nutraceuticals Market.
Scope and Segmentation of the Nutraceuticals Market
The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.
Nutraceuticals Market Type Coverage: - D-type L-type DL-type
Nutraceuticals Market Application Coverage: - Food Industry Ink Industry Medicine Industry Electronic Industry Paint Industry
Regional Analysis:
North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)
Also, Get an updated forecast from 2024 to 2034.
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The comprehensive report provides:
Reasons to Purchase Nutraceuticals Market Research Report
Covid-19 Impact Analysis: Our research analysts are highly focused on the Nutraceuticals Market covid-19 impact analysis. A whole chapter is dedicated to the covid-19 outbreak so that our clients get whole and sole details about the market ups & downs. With the help of our report the clients will get vast statistics as to when and where should they invest in the industry.
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#Nutraceuticals Market#Nutraceuticals Market trends#Nutraceuticals Market future#Nutraceuticals Market size#Nutraceuticals Market growth#Nutraceuticals Market forecast#Nutraceuticals Market analysis
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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 Ingredients Market is poised to grow at a CAGR of 7.1% by 2028. Rising consciousness about the physical fitness benefits of probiotics over digestive health is the primary factor driving the market growth.
#Nutraceutical Ingredients Market Report#Nutraceutical Ingredients Market#Nutraceutical Ingredients Industry Report#Nutraceutical Ingredients Market Size#Nutraceutical Ingredients Market Share#Nutraceutical Ingredients Market Forecast#Nutraceutical Ingredients Market Analysis#Nutraceutical Ingredients Market Growth#Nutraceutical Ingredients Market Trends
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Nanocapsules Market - Forecast (2023 - 2028)
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Nanocapsules is new branch of pharmacology which deals with various applications of nanomedicine. Nanocapsules are drug delivery agents within the size range of 10nm to 1000 nm that are normally composed of a capsule shell and a hollow space in which desired substance or drug molecules are embedded. Globally, Development of efficient and advance technology and growing demand of end user industry, investments and breakthroughs in biomedical, pharmaceutical, electronics, molecular and diagnostic fields are the prime growth drivers of global Nanocapsules market. In addition, increase in adoption of Nanocapsules for high disease burden of tuberculosis and cancer, and emerging economies such as China, India and others, will create new opportunities for global Nanocapsules market. However, higher cost of the research and development, complex manufacturing process, and higher cost of nanocapsules are the key restraints for global Nanocapsules market.
This report identifies the global Nanocapsules market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global Nanocapsules market.
This report segments global Nanocapsules market on the basis of application, and regional market as follows:
Nanocapsules Market, By Applications: drug delivery, cosmetics, food enhancement, self-healing of materials and for nutraceuticals
This report has been further segmented into major regions, which include detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region. The major countries considered under the Asia-Pacific region are India, China, South Korea and Japan. The major countries considered under the European region are Germany, U.K., France, Italy, Spain and Russia. The major countries considered under the North American region are United States, Canada and Mexico
This report identifies all the major companies operating in the Nanocapsules market. Some of the major companies’ profiles in detail are as follows:
Capsulation
Sanzyme Ltd
PlasmaChem GmbH
NoCamels
Indian Instruments Manufacturing Company.
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Nutraceutical Ingredients Market Size to surpass at a CAGR of 7% by 2029 |Associated British foods, Arla foods, DSM, Ingredion
Nutraceutical Ingredients Market report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
Nutraceutical Ingredients market research report contains a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies interspersed with relevant data. Furthermore, the report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. It also examines market performance and the position of the market during the forecast period.
Nutraceutical Ingredients Market will exhibit a CAGR of 7% in the forecast period of 2023 to 2029 and is expected to reach USD 227.5 billion by 2028.
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Top Leading Companies of Global Nutraceutical Ingredients Market are Associated British foods, Arla foods, DSM, Ingredion, Tate & Lyle, Ajinomoto, Chr. Hansen, Kyowa hakko kirin group, Glanbia plc and Cargill. and others.
Market Segmentation:
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico -Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe -Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC -Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America -Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
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Impact of the Nutraceutical Ingredients Market report:
–Comprehensive assessment of all opportunities and risk within the Nutraceutical Ingredients Market.
–Nutraceutical Ingredients Market recent innovations and major events.
–Detailed study of business ways for growth of the Nutraceutical Ingredients Market market-leading players.
–Conclusive study concerning the expansion plot of Nutraceutical Ingredients market place for forthcoming years.
–In-depth understanding of Market drivers, constraints and major small markets.
–Favourable impression within important technological and market latest trends placing the Market.
Key Reasons to Purchase Nutraceutical Ingredients Market Report
· The research examines the size of the global market overall as well as potential prospects across a number of market segments.
· With the accurate information and useful tactics in the research report, market participants have expanded their businesses and clientele.
This Report Also Includes:
· Exactitude Consultancy Methodology
· Tactics and Suggestions for New Entrants
· Segmentation Analysis
· Economic Indices
· Companies Strategic Developments
· Market Growth Drivers and Restraints
· Selected Illustrations of The Market Penetrations and Trends
Table of Contents
1. Nutraceutical Ingredients Market Definition & Scope
2. Nutraceutical Ingredients Market Development Performance under COVID-19
3. Industrial Lift Cycle and Main Buyers Analysis
4. Nutraceutical Ingredients Market Segment: by Type
5. Nutraceutical Ingredients Market Segment: by Application
6. Nutraceutical Ingredients Market Segment: by Region
7. North America
8. Europe
9. Asia Pacific
10. South America
11. Middle East and Africa
12. Key Participants Company Information
13. Global Nutraceutical Ingredients Market Forecast by Region by Type and by Application
14. Analyst Views and Conclusions
15. Methodology and Data Source
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. Contact us for your special interest research needs at [email protected] and we will get in touch with you within 24hrs and help you find the market research report you need.
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Gelatin Market: Growth Analysis, and Segmentation Analysis by Type, Application, and Region Forecasted from 2024 to 2031
Gelatin was recorded at USD 3,023.8 million in 2023, which is estimated to be at USD 3,185.1 million in 2024 and projected to reach USD 4,820.5 million by 2031, growing at a CAGR of 6.10% from 2024 to 2031.
One of the primary drivers of the gelatin market is the expanding food and beverage industry. Gelatin is widely used as a food additive, particularly in the production of confectioneries, dairy products, and meat products. Its gelling properties make it a preferred ingredient in products like gummy candies, marshmallows, and jellies. Additionally, it is used as a stabilizer in yogurts, creams, and ice creams, enhancing the texture and mouthfeel of these products. The growing demand for convenience foods, along with the increasing preference for clean-label ingredients, has further boosted the demand for gelatin in the food and beverage sector.
Key Companies in Gelatin Market
Darling Ingredients, India Gelatine & Chemicals Ltd., Lapi Gelatine S.p.a, Nitta Gelatin India Limited, , Roxlor, Tessenderlo Group, Trobas Gelatine B.V, Weishardt Holding SA, EWALD-GELATINE GmbH, GELITA AG
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In addition to its widespread use in food and beverages, gelatin plays a crucial role in the pharmaceutical industry. Gelatin capsules, both soft and hard, are one of the most common dosage forms used in the pharmaceutical sector. Gelatin's ability to dissolve quickly in the stomach makes it an ideal material for encapsulating drugs. Moreover, gelatin is used in the production of plasma expanders and wound dressings due to its biocompatibility and biodegradability. The rising demand for nutraceuticals and dietary supplements, which often use gelatin-based capsules, has further contributed to the growth of the gelatin market.
However, the gelatin market faces several challenges. One of the primary concerns is the source of gelatin, which is typically derived from animal by-products, such as bones, skin, and connective tissues of cows, pigs, and fish. This has raised ethical and religious concerns among certain consumer groups, particularly those following vegetarian, vegan, or specific religious dietary practices. In response to this, manufacturers are exploring alternative sources of gelatin, such as plant-based gelatin substitutes like agar-agar and pectin. These alternatives, however, do not possess the same functional properties as animal-derived gelatin, which poses a challenge for the market.
Another challenge facing the gelatin market is the fluctuation in raw material prices. The cost of gelatin is largely influenced by the availability and price of animal by-products, which can vary depending on factors such as disease outbreaks, changes in the livestock industry, and environmental regulations. This volatility in raw material prices can affect the profitability of gelatin manufacturers and may lead to price fluctuations in gelatin-based products.
Geographically, the gelatin market is witnessing strong growth across several regions. Europe is currently the largest market for gelatin, driven by the strong demand from the food and pharmaceutical industries. The region's well-established food industry, coupled with the high consumption of gelatin-based products such as gummies, jellies, and desserts, has contributed to the market's dominance. Additionally, the presence of major pharmaceutical companies in countries like Germany and France has further boosted the demand for gelatin in the region.
North America is another significant market for gelatin, with the United States being a major consumer. The growing demand for dietary supplements and functional foods in the region has led to an increase in gelatin consumption. Moreover, the rising trend of health and wellness, along with the growing popularity of natural and organic products, has further fueled the demand for gelatin in the food and pharmaceutical sectors.
The Global Gelatin Market is Segmented as:
By Source
Porcine
Bovine
Marine
Others
By Application
Dietary Supplements
Food and Beverage
Pharmaceutical Products
Cosmetic & Personal Care
Others
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Ascorbic Acid Market Analysis By Recent Trends By 2023
The Ascorbic Acid Market Trend was USD 1.77 billion in 2022 and is expected to Reach USD 2.71 billion by 2030 and grow at a CAGR of 5.5 % over the forecast period of 2023-2030.
The Ascorbic Acid growth is estimated to be majorly driven by growing economies of Asia Pacific region. The growing demand of Ascorbic Acid from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the growth of Ascorbic Acid in Asia Pacific region
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Ascorbic Acid Market Grows with Rising Demand for Health Supplements and Food Preservation
The global Ascorbic Acid Market is witnessing robust growth, driven by its wide-ranging applications in the food, pharmaceutical, and cosmetic industries. Ascorbic acid, commonly known as vitamin C, is valued for its antioxidant properties, making it a popular ingredient in dietary supplements and functional foods aimed at boosting immunity and combating oxidative stress. In the food and beverage sector, its role as a natural preservative and color stabilizer has fueled demand, particularly with the increasing consumer preference for clean-label and minimally processed products. The ongoing emphasis on health and wellness, along with rising awareness about vitamin C's benefits in preventing and managing chronic diseases, is significantly contributing to market expansion.
Regionally, North America and Europe remain dominant markets due to a strong focus on health supplements and fortified foods. Meanwhile, the Asia-Pacific region is experiencing rapid growth, supported by increasing disposable incomes, a growing middle-class population, and rising health consciousness. Technological advancements in ascorbic acid production, such as fermentation-based processes, are improving efficiency and sustainability, further propelling market growth. With expanding applications in personal care and pharmaceuticals, the ascorbic acid market is poised for continued growth, catering to the evolving demands of health-conscious consumers and innovative product developers worldwide.
Market Overview
By Form
Powder
Liquid
By Application
Food & Beverage
Pharmaceuticals & Healthcare
Feed
Cosmetics
Beauty and Personal Care
Animal Feed
The major factors driving the growth of the studied are growing demand of lightweight material from automotive industry and increasing construction activities in Asia-Pacific.
Availability of substitutes for Ascorbic Acid are likely to hinder the s growth.
Potential growth in wind energy is likely to create opportunities for the in the coming years.
Asia-Pacific region is expected to dominate the and is also likely to witness highest CAGR during the forecast period.
The key players covered in this report:
Merck KGaA
Koninklijke DSM NV
Shandong Luwei Pharmaceutical Co. Ltd.
Northeast Pharmaceutical Group Co. Ltd
BASF SE
Aland Nutraceuticals Group
CSPC Pharmaceutical Group Limited
Pharmavit
FUJIFILM Corporation
Botanic Healthcare
Bactolac Pharmaceutical Inc.
Foodchem International Corporation
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Asia-Pacific Region to Dominate the
Asia-Pacific region is expected to dominate the industry. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
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Collagen Market Size, Share, Trends, Global Report, Industry Forecast
Analysis of Collagen Market Size by Research Nester Reveals Market to Expand at a 5.6% CAGR through 2037, Owing to Rising Demand Across Healthcare, Cosmetics, and Food Sectors
Research Nester’s latest report on the "Global Collagen Market: Supply & Demand Analysis, Growth Forecasts & Statistics Report 2025-2037" delivers an in-depth analysis of market dynamics, growth drivers, and region-specific trends. The report segments the market by source, product, distribution channel, extraction process, and application, emphasizing the influence of bovine, porcine, and marine collagen sources on the market trajectory. It provides a comprehensive evaluation of key factors, challenges, and emerging opportunities shaping the collagen industry’s future.
Increasing Applications in Healthcare and Food Industries to Propel Market Growth
The collagen market is expected to record significant expansion, considering its wide uses within the healthcare segment, the cosmetic industry, as well as the food and beverage business. Biomedical applications of collage are immense in medical devices and pharmaceutical formulations, mainly in wound healing, tissue engineering, and bone grafting. Dietary supplementation and functional food applications have gained impetus with the ever-increasing demand for health-related commodities by the consumer. Collagen continues to find growing demand in the food industry due to the rising demand for natural and clean-label ingredients. Supportive governmental policies that are targeted toward stimulating research studies relating to regenerative medicine and biomaterials are likely to open future opportunities for innovations based on collagen, which would favor market growth in the long run.
Key Drivers and Challenges Impacting the Collagen Market
Growth Drivers:
Rising demand for collagen-based biomaterials in medical applications such as wound care and orthopedics
Increasing adoption of collagen in nutraceuticals and functional foods owing to its health benefits, including skin elasticity and joint health
Expanding cosmetic industry, with collagen widely used in anti-aging and skincare products
Challenges:
High production costs associated with collagen extraction and processing
Regulatory hurdles in approving collagen products for medical and edible applications
Ethical concerns regarding the use of animal-derived collagen
Access our detailed report at: https://www.researchnester.com/reports/collagen-market/6013
The gelatin segment is projected to hold a share of approximately 66.7% during the forecast period and is expected to be the leading product category. The versatility of gelatin through its wide range of applications within food, pharmaceuticals, and cosmetics is also one of the key drivers for growth. Food applications include a wide range of uses as a gelling agent in confectionery and desserts; in pharmaceuticals, it is used as a critical ingredient in the manufacture of capsules by virtue of its biodegradable and easily digestible properties. Growing demand for fortified and functional foods supports the segment. Innovations in gelatin extraction processes are likely to enhance production efficiency, increasing its market potential.
North America collagen market is anticipated to hold around 30.0% share of the overall market by 2037 due to the existence of prominent pharmaceutical and functional food industries in the region. Growing health awareness and an increasing geriatric population are expected to drive collagen-based supplements and skin care products demand. The U.S. captures the largest share of the regional market, and continuous innovations in regenerative medicine and increases in biotech innovations have been driving factors for such an increase in this region. In Canada, the market is also expanding, with increasingly higher rates of nutraceutical adoption and favorable government support for natural health products.
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Competition within the collagen market is intense, with continuous innovation, sustainable sourcing, and product portfolio diversification by companies to maintain their market leadership. Some of the leading players in the market include Collagen Solutions US LLC, DARLING INGREDIENTS INC., DSM-Firmenich, EVONIK INDUSTRIES AG, GELITA AG, Nitta Gelatin, Inc., Tessenderlo Group NV PB Gelatins/PB Leiner, Vinh Hoan Corporation, and Weishardt. These players are making considerable investments in R&D while also expanding their geographical reach as emerging opportunities open up within functional foods, cosmetics, and medical applications. Furthermore, these players are also benefiting from the advances in collagen extraction and processing technologies to cater to the widening demand from diversified industries.
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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.
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The global skincare supplement market is projected to grow significantly from USD 12305.5 million in 2024 to USD 22441.36 million by 2032, reflecting a compound annual growth rate (CAGR) of 7.80%.The global skincare supplements market has experienced significant growth over the past decade, driven by increasing consumer awareness of holistic health, the rise of wellness trends, and the growing desire for youthful, glowing skin. These supplements, often packed with vitamins, minerals, antioxidants, and other natural ingredients, aim to improve skin health from within, complementing external skincare routines.
Browse the full report at https://www.credenceresearch.com/report/skin-care-supplements-market
Market Overview
The skincare supplements market is valued at billions of dollars and continues to expand at a steady compound annual growth rate (CAGR). Factors such as aging populations, urbanization, and rising disposable incomes have made consumers more willing to invest in beauty and wellness products. The market includes diverse offerings such as capsules, tablets, powders, and drinks, tailored to address concerns like acne, wrinkles, dryness, and pigmentation.
Key Drivers of Growth
Increasing Skin Health Awareness People are becoming more aware of the link between nutrition and skin health. Nutritional deficiencies, environmental pollution, and stress can lead to skin issues, making supplements an appealing option to fill the gap. Products fortified with collagen, biotin, and hyaluronic acid are especially popular.
Shift Toward Preventative Skincare Modern consumers prioritize prevention over cure, leading to a surge in demand for supplements that promote long-term skin health. Anti-aging supplements are particularly in demand, targeting collagen production and oxidative stress to slow down the visible signs of aging.
Natural and Organic Trends As consumers lean toward clean and sustainable beauty, natural and organic skincare supplements have gained traction. Ingredients such as green tea extract, turmeric, and marine collagen resonate with health-conscious buyers seeking effective yet gentle solutions.
Rising Influence of Social Media and E-commerce Social media platforms have revolutionized how skincare products are marketed. Influencers and dermatologists frequently highlight the benefits of supplements, creating a buzz around specific products. E-commerce platforms further simplify access to these supplements, offering tailored solutions to a global audience.
Challenges
Despite the market's growth, challenges persist:
Regulatory Hurdles Skincare supplements fall under the broader category of nutraceuticals, where regulations vary by country. Companies must ensure compliance, which can complicate product launches and distribution.
Consumer Skepticism Some consumers remain wary of the efficacy and safety of supplements, especially in markets where misinformation is prevalent.
Intense Competition The market is flooded with brands, making differentiation a challenge. Companies must innovate in product formulation, packaging, and marketing to stand out.
Future Outlook
The skincare supplements market is poised for continued growth, driven by advancements in research and development. Emerging trends include:
Personalized Nutrition: AI and genetic testing may soon help consumers choose supplements tailored to their unique skin needs.
Sustainability: Eco-friendly packaging and sourcing practices are becoming essential for market leaders.
Combination Products: Supplements combining skin, hair, and nail benefits will likely see rising demand.
Key Player Analysis:
Amway
Johnson & Johnson Consumer Inc.
Nestlé S.A.
L’Oréal S.A.
Shiseido Co., Ltd.
HUM Nutrition Inc.
Murad LLC
Pfizer Inc.
Vitabiotics Ltd.
Reserveage Nutrition
Segmentations:
By Product Type
Topical Supplements
Oral Supplements
By Content Type
Organic
Chemical
By Formulation Type
Liquid
Tablets & Capsules
Powder
Others
By Application Type
Skin Brightening
Acne & Blemishes
Skin Aging
Skin Hydration
Others
By Gender Type
Male
Female
By Distribution Channel Type
Company Website
E-commerce
Supermarkets
Pharmacies
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Browse the full report at https://www.credenceresearch.com/report/skin-care-supplements-market
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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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The Gummy Revolution: How Innovation is Shaping the Future of Treats
The global gummy market was valued at USD 23.93 billion in 2023 and is projected to experience significant growth, with an expected compound annual growth rate (CAGR) of 11.8% from 2024 to 2030. This robust growth is being driven by several key factors that reflect changing consumer preferences, increased health awareness, and the growing popularity of gummies as a delivery format for various nutrients and supplements.
Consumer preferences in the food and supplement sectors are undergoing a significant shift, driven by increasing health awareness and a growing desire for natural, functional products. In recent years, there has been a notable rise in the demand for nutraceutical products—foods and supplements that offer health benefits beyond basic nutrition. This trend is particularly evident in the gummy industry, where consumers are actively seeking products that not only satisfy their taste preferences but also provide additional functional benefits such as improved immunity, energy, or cognitive support.
Key Growth Drivers:
Demand for Functional and Fortified Gummies: There is a rising demand for functional gummies, which are enriched with beneficial ingredients such as vitamins, minerals, and other nutraceuticals. These gummies offer consumers an easy, enjoyable, and efficient way to incorporate health-boosting ingredients into their diets. As more consumers seek ways to improve their health, functional gummies—ranging from immune-boosting formulas to supplements for heart health, digestion, and skin health—have become increasingly popular.
Taste and Convenience: The taste appeal of gummies plays a significant role in driving market growth. Unlike pills or capsules, gummies are often available in a wide variety of flavors, making them more appealing to children and adults alike. The convenience factor also adds to their growing popularity—gummies are easy to consume on-the-go, making them an ideal option for busy lifestyles.
Rising Demand for Natural and Vegan Gummies: With an increasing focus on clean label products, consumers are more inclined toward gummies made with natural ingredients and free from artificial colors, flavors, and preservatives. The vegan gummy market, in particular, has seen significant growth due to the rising number of individuals adopting plant-based diets. These gummies are made with gelatin alternatives such as pectin and agar, catering to the needs of vegans, vegetarians, and those looking for cruelty-free products.
Gummies as a Convenient Delivery Format: Gummies provide a convenient format for delivering a wide range of active ingredients, including essential vitamins like Vitamin C, Vitamin D, and B-complex vitamins, as well as minerals such as magnesium and zinc, and other dietary supplements. This ease of use has made gummies a popular choice for people who might have difficulty swallowing pills or capsules, and as a result, their demand as a delivery method for various nutritional supplements is growing rapidly.
Regional Insights
The global gummy market has witnessed significant growth, with varying trends across different regions. As of 2023, North America is the leading region in terms of revenue share, while Asia Pacific is projected to experience the fastest growth rate. These regional dynamics are shaped by changing consumer preferences, increasing health awareness, and the continuous innovation in gummy products. Below is a detailed analysis of the market across key regions:
North America:
In 2023, North America held a substantial share of 37.42% of the global gummy market revenues, making it the largest market for gummies. The region has seen a marked increase in demand for functional and fortified gummies, with a noticeable surge in product innovation. Gummy supplements have become increasingly popular, particularly in the U.S., where they are the second-most popular form of supplement after traditional pills and tablets. This indicates a robust growth trajectory for the gummy industry in the country.
Several factors are contributing to this growth:
Convenience and Taste: Gummies offer an easy-to-consume, enjoyable alternative to traditional supplements, which has made them particularly appealing to a broad demographic, including children and adults.
Health and Wellness Focus: As health-conscious consumers demand supplements that offer more than basic nutrition, there has been a rise in functional gummies that target specific health benefits, such as immune support, beauty enhancement, stress relief, and sleep aid.
Dietary Preferences: The availability of gummies catering to various dietary preferences, including vegan, organic, and sugar-free options, has contributed significantly to market expansion.
Influence of Social Media and Celebrities: Social media influencers and celebrity endorsements have played a crucial role in making gummies trendy. Their ability to reach a large audience has not only popularized the products but has also fueled their demand as a convenient and fun way to consume vitamins and supplements.
Asia Pacific:
The Asia Pacific region is expected to grow at a CAGR of 12.9% from 2024 to 2030, the highest growth rate among all regions. This growth is being driven by several key factors:
Increasing Health and Wellness Awareness: As more people in countries like China, India, and Japan become health-conscious, there is a growing demand for convenient and easy-to-consume health supplements. The increasing focus on preventive healthcare has led to a rise in the consumption of gummy vitamins and nutritional supplements.
Changing Lifestyles and Rising Disposable Income: Economic growth in the region, particularly in emerging markets like India and China, has resulted in higher disposable incomes and greater consumer spending on health-enhancing products. As lifestyles become more fast-paced, people are seeking convenient and enjoyable ways to maintain their health, further boosting the demand for gummy products.
Variety of Flavors and Formulations: Gummies are appealing to a wide range of consumers due to the availability of a diverse array of flavors and formulations. Manufacturers are introducing fusion gummies that combine multiple benefits, such as immunity support and beauty benefits, which appeal to the younger population, including children and teenagers. The focus on innovative and fun flavor combinations is expected to continue driving demand in the region.
Influence of Social Media and Trends: The popularity of gummy supplements in Asia Pacific has also been aided by the influence of social media and celebrity endorsements, which help position them as trendy, desirable products in the health and wellness sector.
India stands out in the region as a growing market for gummy products, particularly due to the rising preference for convenient nutritional supplements. Gummies are increasingly being seen as an enjoyable and easy way to consume essential vitamins, minerals, and other nutrients, making them popular among both children and young adults.
Europe:
The European gummy market is projected to grow at a CAGR of 11.5% from 2024 to 2030, driven by changing consumer preferences and innovations in the product offerings. Similar to other regions, the demand for functional gummies that provide targeted health benefits is growing in Europe. Manufacturers are introducing a wide variety of flavors and fusion gummies, which are especially appealing to younger consumers, including children. This trend is expected to continue, further boosting the market's growth.
Germany holds the largest share of the European market, with approximately 15% of the market share in 2023. The growing interest in functional food products and supplements, especially those with proven health benefits, is driving this demand. Additionally, as in other regions, social media and influencer endorsements are playing an important role in popularizing gummies as an easy and fun way to incorporate vitamins and nutrients into daily life.
Asia Pacific:
The Asia Pacific gummy market is expected to witness significant growth due to factors such as increasing consumer demand for health and wellness products driven by shifting lifestyles and higher disposable income. Countries like China, India, and Japan are leading the way in adopting gummy supplements due to their health-conscious populations. The market in these countries is not only expanding due to increasing awareness of the benefits of dietary supplements but also because of the availability of a wide variety of flavors and nutritional formulations tailored to specific needs, such as immune health and beauty.
Additionally, the rising popularity of gummy vitamins as a fun and convenient way to maintain health is particularly noticeable in India, where consumer interest in gummy products is increasing due to their appeal as a tasty and easy method for both children and adults to supplement their diets.
Browse through Grand View Research's Category Nutraceuticals & Functional Foods Industry Research Reports.
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Key Gummy Companies:
The following are the leading companies in the gummy market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these gummy companies are analyzed to map the supply network.
Procaps Group
Santa Cruz Nutritionals
Amapharm
Herbaland Canada
Allseps Pty. Ltd.
Vitux AS
Boscogen, Inc.
Bettera Brands, LLC
NutraStar Manufacturing Ltd.
Better Nutritionals
Prime Health Ltd.
AJES Pharmaceuticals LLC
Lactonova
SMPNutra.com
Lexicare Pharma Pvt. Ltd.
Superior Supplement Manufacturing
Well Aliments
Supplement Factory Ltd.
Vitakem Nutraceutical, Inc.
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The global gelatin market size reached 464,410 Tons in 2023. IMARC Group expects the market to reach 526,920 Tons by 2032, exhibiting a growth rate (CAGR) of 1.37% during 2024-2032. The market is experiencing steady growth driven by the growing consumer demand for natural and clean-label ingredients, the pharmaceutical and nutraceutical sectors' expansion, due to increased health awareness, and continuous technological advancements in manufacturing processes.
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