The nutraceutical excipients market is expected to grow from USD 4.2 billion in 2023 to USD 6.1 billion by 2028, at a compound annual growth rate (CAGR) of 7.7% during the forecast period. The convergence of personalized nutrition and online retail is reshaping the nutraceutical landscape. As consumers increasingly adopt customized diets, demand is rising for products featuring specific excipients, advanced delivery systems, and targeted nutrients. This shift is further supported by a thriving retail environment, driven by greater disposable incomes and a growing emphasis on health and wellness. As a result, the popularity of functional foods and dietary supplements is surging, fueling the need for specialized excipients essential to their formulation.
International Flavors & Fragrances Inc (US)
International Flavors & Fragrances Inc. is a leading manufacturer specializing in creating solutions for food, beverage, health, biosciences, scents, and pharmaceuticals, along with related products like cosmetic actives and natural health ingredients. Within their Pharma Solutions segment, they produce a diverse range of cellulose and seaweed-based pharmaceutical excipients. These excipients play a vital role in enhancing the functionality and delivery of active pharmaceutical ingredients, enabling the creation of controlled or modified drug release formulations, thereby improving the effectiveness of pharmaceutical finished dosage forms. Apart from pharmaceuticals and dietary supplements, these excipients find applications in various specialty and industrial sectors such as coatings, inks, electronics, agriculture, and consumer products. In November 2023, a collaboration was unveiled between IFF and BASF’s Pharma Solutions divisions. The partnership aims to integrate IFF’s prominent product brands in pharmaceutical excipients into BASF’s Virtual Pharma Assistant platform, known as ZoomLab™. This innovative digital tool is rooted in scientific insights and is tailored to swiftly and precisely anticipate the most suitable excipients required for crafting new pharmaceutical formulations. The primary objective of this collaboration is to assist in resolving formulation challenges encountered during the development of pharmaceuticals by leveraging advanced predictive capabilities offered by the ZoomLab platform.
Kerry Group plc (Ireland)
Kerry Group plc, a global frontrunner in taste and nutrition, commands a significant position within the expanding nutraceutical excipients market. Their extensive assortment caters to the industry’s evolving demands, delivering a comprehensive selection of top-tier, functional excipients for nutraceutical products. Their range encompasses various excipients, including lactose monohydrate, microcrystalline cellulose, direct compression excipients, and specialized functional excipients designed to enhance taste, texture, or delivery methods. Operating across more than 130 countries, Kerry ensures streamlined supply and global distribution of these excipients to nutraceutical manufacturers worldwide.
Ingredion (US)
Ingredion, a global provider of ingredient solutions spanning across 120 countries, specializes in transforming various plant-based materials like grains, fruits, and vegetables into innovative ingredient solutions. Leveraging their Ingredion Idea Labs innovation centers, the company collaborates with customers to create cutting-edge ingredient solutions aligned with current trends. Their vegetable-based excipients and encapsulants specifically cater to pharmaceutical and nutraceutical companies, offering a dependable and uniform solution for optimizing tabletting and encapsulation processes. These excipients play a crucial role in stabilizing, safeguarding, and facilitating the release of active ingredients such as vitamins, carotenoids, and other APIs, enhancing the efficiency and efficacy of nutraceutical formulations.
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Other Notable Players in the Market
Sensient Technologies Corporation (US)
Sensient Technologies is a key player in the nutraceutical excipients market, offering advanced formulation support through its extensive range of colors, flavors, and functional excipients. The company’s innovative coating systems and masking agents enhance the palatability and stability of dietary supplements, ensuring consumer acceptance and product performance. Sensient’s focus on natural ingredients aligns with growing consumer demand for clean-label nutraceuticals.
Associated British Foods plc (UK)
Through its subsidiary ABITEC Corporation, Associated British Foods contributes significantly to the nutraceutical excipients space by offering lipid-based excipients and solubilizers. These products are crucial for improving the bioavailability of active ingredients in dietary supplements. ABF’s capabilities in specialty nutrition and food-grade ingredients position it as a strong partner for formulators seeking high-performance, health-focused excipients.
BASF SE (Germany)
BASF is a global leader in functional excipients, offering a wide portfolio including binders, coatings, disintegrants, and solubilizers tailored for nutraceutical applications. Its Kollicoat®, Lutrol®, and Soluplus® excipient lines are frequently used in dietary supplements to enhance solubility and modify release profiles. BASF’s research-driven approach supports the development of innovative, effective, and stable nutraceutical formulations.
Roquette Frères (France)
Roquette plays a pivotal role in the nutraceutical excipients market by providing plant-based solutions such as polyols, maltodextrins, and starches. Their excipients are valued for their functionality in tablets, capsules, and powdered formats. Roquette’s commitment to sustainability and natural-origin ingredients resonates well with the rising trend of plant-based nutraceuticals.
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MEGGLE GmbH & Co. KG (Germany)
MEGGLE specializes in high-quality lactose-based excipients that are widely used in the formulation of dietary supplements. Its direct compression lactose grades offer excellent flowability and compressibility, making them ideal for tablet manufacturing. MEGGLE’s focus on quality control and innovation supports consistent and efficient nutraceutical production.
Cargill, Incorporated (US)
Cargill contributes to the nutraceutical excipients market through its vast range of plant-derived ingredients, such as starches, fibers, lecithins, and polyols. These ingredients serve dual roles—both as nutritional enhancers and functional excipients—supporting product stability, texture, and bioavailability. Cargill’s global sourcing and focus on clean-label ingredients are particularly attractive to health-conscious brands.
Ashland (US)
Ashland is recognized for its pharmaceutical-grade excipients that are widely adapted for nutraceutical applications. Its product lines, such as Plasdone™, Klucel™, and Benecel™, offer disintegration, binding, and film-coating functionalities. Ashland’s expertise in controlled-release technologies and polymer science enables advanced formulation strategies in the nutraceutical sector.