(PharmaNewsWire.Com, June 23, 2023 ) As per Maximize Market research, the total global market for the “Nutraceutical Excipients Market” was US$ 4.12 Bn in 2022 and is expected to grow at a CAGR of 6.97 percent over the forecast period to reach US$ 6.6 Bn by 2029.
Nutraceutical Excipients Market Report Scope and Research Methodology
The Nutraceutical Excipients Market report collects data from primary and secondary research methods. The data was later analyzed by SWOT analysis, PESTLE analysis and PORTER’s five force model, which provides drivers, restraints, opportunities and regional insights. The bottom-up approach was used to estimate the Nutraceutical Excipients Market Size to assist the new market entrants.
The Nutraceutical Excipients Market is driven by the rising demand for fortified food products due to their benefits such as improved digestion, reduced inflammation, and better immune function. Regulatory frameworks are expected to limit the growth of the Nutraceutical Excipients Market.
Nutraceutical Excipients Market Regional Insights
North America and Europe are expected to dominate the Nutraceutical Excipients Market during the forecast period. The growth is supported by the rising chronic diseases and the adoption of organic products for the healing of diseases.
Maximize Market Research, a leading Healthcare research firm has also published the following reports:
Nutraceutical Market : The market size is expected to reach USD 303.25 Bn by 2029 at a CAGR of 7.2 percent during the forecast period.
Biological Excipients Market : The market size is expected to reach USD 1.82 Bn by 2029 at a CAGR of 5.9 percent during the forecast period.
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