Nutraceutical Excipients Market to Witness Unprecedented Growth in Coming Years

According to a research report "Nutraceutical Excipients Market by Product Source (Organic Chemicals, Inorganic Chemicals), Functionality (Binders, Colorants, Flavors & Sweeteners), End Product, Formulation, Functionality Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the global nutraceutical excipients market will grow from USD 4.2 billion in 2023 to USD 6.1 billion by 2028, growing at a CAGR of 7.7% during the forecast period. The burgeoning popularity of nutraceuticals in recent years reflects their usage for diverse therapeutic purposes. This trend underscores their significance in addressing various ailments and diseases, ranging from cancer and heart conditions to cataracts, menopausal symptoms, insomnia, memory issues, gastrointestinal problems, headaches, and migraines caused by stress.

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The organic chemicals product source of the nutraceutical excipients segment is driving the market due to consumer preference for natural products, reduced allergenic potential, and a clean label trend.

The burgeoning nutraceutical excipients market is fueled by the escalating consumer demand for natural and organic ingredients. Consumers' heightened awareness regarding ingredient sourcing and quality in supplements and functional foods is a driving force behind this surge. This increasing consciousness directly influences the market's growth, as consumers actively seek excipients derived from organic materials to align with their preference for natural sources. Additionally, the potential allergenic risks associated with synthetic excipients further elevate the appeal of organic chemicals sourced from natural origins, particularly among sensitive consumer demographics seeking safer alternatives.

The dry formulation segment exhibits the highest CAGR, driving nutraceutical excipients market growth.

The increasing demand for dry excipients stems from their remarkable ability to offer formulation flexibility, allowing manufacturers to craft a wide array of dosage forms like tablets, capsules, powders, or granules. This versatility enables tailored formulations that cater to specific consumer preferences, optimizing drug delivery systems accordingly. Additionally, the compatibility of dry excipients with a diverse range of active ingredients makes them highly sought-after across pharmaceuticals, nutraceuticals, and various industries, providing manufacturers with extensive application possibilities.

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North America accounts for the largest share of the nutraceutical excipients market and is witnessing growth due to the strong presence of key companies and increasing lifestyle diseases & health concerns.

In North America, numerous prominent players and leading manufacturers dominate the nutraceutical industry. These influential companies play a pivotal role by consistently engaging in research, innovation, and the development of new products, significantly contributing to the market's growth. The region's escalating health concerns, encompassing issues like obesity, cardiovascular diseases, and lifestyle-related conditions, have prompted consumers to actively pursue preventive healthcare measures. As a result, there's a heightened demand for nutraceutical products perceived as valuable in addressing these health issues. This increased demand directly fuels the market for nutraceutical excipients, essential components in the formulation of these sought-after health-focused products.

The key players in the nutraceutical excipients market include International Flavors & Fragrances Inc (US), Kerry Group plc (Ireland), Ingredion (US), Sensient Technologies Corporation (US), Associated British Foods plc (UK), BASF SE (Germany), Roquette Frères (France), MEGGLE GmbH & Co. KG (Germany), Cargill, Incorporated (US), Ashland (US), IMCD (Netherlands), Hilmar Cheese Company, Inc (US), Air Liquide (France), Azelis Group (Luxembourg), and Biogrund GmbH (Germany).

Latest Regulatory Trends Impacting the Snack Pellet Equipment Market

 The snack pellet equipment market, in terms of value, is estimated to account for nearly USD 1.0 billion in 2019 and projected to grow at a CAGR of 5.2% to reach nearly USD 1.4 billion by 2025. This is due to the rising demand for extruded snacks globally. Snack pellets are non-expanded intermediate products that are usually produced through the extrusion process using various raw materials such as potato, corn, tapioca, and rice. The extruder is the main piece of equipment that is used to press the raw material and produce pellets. The key snack pellet manufacturers are also adopting new technologies for the production of snack pellets, which include single-screw extrusion, twin-screw extrusion, and co-extrusion. These processes aid in the manufacturing of snack pellets that are of various shapes, textures, and sizes. However, the technological advancements in snack pellet equipment to produce 3D pellets have also led to an increase in production capacity in a short time, thus driving market growth.

Some of the Prominent Key Players are:

• Clextral (France)
• GEA Group (Germany)
• Buhler AG (Switzerland)
• N.P. & Company Inc. (Japan)
• Kiremko B.V. (Netherlands)
• Tsung Hsing Food Machinery Co., Ltd. (Taiwan)
• AC Horn Manufacturing (US)

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What is snack pellet equipment?

Snack pellet equipment refers to machinery and tools used in the production of snack pellets. Snack pellets are small, semi-finished products made from various ingredients like potato starch, cereals, or other grains. These pellets are then further processed through frying, baking, or extrusion to create a wide variety of finished snacks like chips, crisps, puffs, and more. The equipment involved includes extruders, pelletizers, dryers, fryers, and seasoning systems, among others, to produce these snack pellets efficiently and in large quantities for commercial purposes.

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific is projected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of snack pellet are key factors driving the demand for snack pellet equipment in the region. The region is the third-largest potato producer in the world. Potato production has rapidly increased in the last two decades due to the expansion of the land area in the Indo-Gangetic Plains. Due to these factors, consumption has also increased in parallel with the increasing popularity and demand as a vegetable in urban diets. In addition, the growing preference for Western fast food products has also led to a surge in demand for potatoes in the country. This, in turn, is driving the fragmented snack pellets market in the region, which is projected to contribute to the growth of the market.

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Key questions addressed by the report:

• What are the new trending products that the snack pellet equipment companies are exploring?
• Which are the key players in the market, and how intense is the competition?
• What are the upcoming growth trends that snack pellet equipment manufacturers are focusing on in the future?
• What are the high-growth opportunities in the market for each segment?
• What are the key growth strategies adopted by major market players in the snack pellet equipments market?

Food Additives Market Growth Opportunities by 2028

 According to a research report "Food Additives Market by Type (Emulsifiers, Hydrocolloids, Preservatives, Dietary Fibers, Enzymes, Sweeteners, Flavors), Source (Natural, Synthetic), Form, Application (Food, Beverages), Functionality, and Region - Global Forecast to 2028" published by MarketsandMarkets, the food additives market is projected to reach USD 96.3 billion by 2028 from USD 73.4 billion by 2023, at a CAGR of 5.6% during the forecast period in terms of value. The food additives market is experiencing growth due to increasing consumer demand for natural and clean-label products, the expansion of the food and beverage industry, and technological advancements in food processing.

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The food additives market is expanding due to consumer demand for natural, healthy, and transparent products driving the market.

The burgeoning expansion of the food additives market is propelled by current trends emphasizing plant-based and natural ingredients, aligning with the surge in eco-conscious consumer preferences. A pronounced shift towards functional and health-focused foods is fostering demand for additives designed to impart nutritional benefits. Consumers now seek products that prioritize both taste and well-being, prompting innovations in additives for nutritional fortification. Furthermore, the increasing popularity of clean-label products has led to a heightened demand for additives that maintain transparency while enhancing overall product quality. Notably, technological advancements, particularly in encapsulation solutions, are gaining traction, contributing to improved stability for sensitive ingredients and reduced flavor loss. In response to evolving consumer priorities and sustainability considerations, the food additives market is witnessing robust growth, reflecting a dynamic industry poised for continued expansion.

The upswing in the Asia Pacific food additives market is fueled by surging demand for clean-label and natural additives. Consumers' increasing preference for transparent ingredient lists drives innovation in natural additives. Additionally, the flourishing food and beverage industry in rapidly urbanizing countries like China and India, coupled with a rising middle-class population, propels the market's growth. This trend reflects the region's dynamic shift towards processed and convenience foods, driving the need for advanced and sustainable food additives to meet evolving consumer preferences.

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In food additives, the surge in sugar substitutes is driven by health-conscious consumers and industry innovation.

The dominance of sugar substitutes in the food additives market is propelled by a dual influence of health-conscious consumer preferences and industry innovation. As consumers increasingly prioritize healthier lifestyles, the demand for sugar substitutes has surged, given their role in mitigating health concerns associated with excessive sugar consumption. Notably, the rising prevalence of conditions like diabetes and obesity has accelerated the adoption of sugar alternatives. This consumer shift aligns with the ongoing trend of clean-label products, where manufacturers are compelled to replace traditional sweeteners with healthier alternatives.

Key players, such as Cargill Incorporated (US), have strategically responded to this trend with innovative sugar substitute offerings. Cargill's introduction of C TruSweet and SweetPure in Europe reflects the industry's commitment to providing natural and clean-label sugar alternatives. These products cater to the demand for reduced-calorie options while maintaining the sweetness that consumers desire. The dominance of sugar substitutes is further accentuated by their versatility, enabling application across various food and beverage products without compromising taste, contributing to their overarching influence in the food additives market.

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North America dominated the food additives market during the study period.

The presence of key players such as Cargill, Incorporated (US), ADM (US), IFF (US), Ingredion Incorporated (US), Cp Kelco (US), Glanbia PLC (Ireland) and Darling Ingredients Inc. (US) underscores North America's dominance in the food additives market. These industry leaders strategically align with the region's dynamic trends, where the surge in demand for clean-label and plant-based products has become increasingly evident. North America's dominance in the food additives market is driven by the region's proactive response to the rising demand for clean-label and plant-based products. With consumers increasingly seeking healthier options, there's a notable surge in the adoption of natural additives and alternatives, such as plant-based stabilizers and preservatives. Major food manufacturers in North America are strategically reformulating their products to meet clean-label criteria, contributing to the region's prominence.

Additionally, the region is witnessing a significant shift toward functional foods and beverages, leading to the incorporation of specialized additives aimed at enhancing nutritional profiles. Consumer awareness of the impact of dietary choices on health is prompting the use of fortifying additives like vitamins and minerals.

Key players in this market include Cargill, Incorporated (US), BASF SE (Germany), ADM (US), IFF (US), Kerry Group PLC (Ireland), Ingredion Incorporated (US), Tate & Lyle (UK), Givaudan (Switzerland), Darling Ingredients Inc. (US), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), Ashland (US), Cp Kelco (US), Glanbia PLC (US), and Sensient Technologies Corporation (US).

Latest Regulatory Trends Impacting the Pea Processed Ingredients Market

 The Pea Processed Ingredients Market is projected to reach USD 5.0 billion by 2026 with a compound annual growth rate (CAGR) of 10.1%. The market value was estimated to be USD 3.1 billion in 2021. Growth in the demand for pea processed ingredients in the end-user application industries is driving the market growth of pea processed ingredients. Further, increase in the demand for gluten free products is also a major factor resulting to the rise in the demand for pea processed ingredients.

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By application type, the functional food segment is expected to witness the fastest growth during the forecast period

The functional foods considered for the study include infant nutrition, nutritional supplements, dairy products, plant-based yogurt, plant-based creamers, plant-based butter, and other food products fortified with additional nutrients. The incorporation of pea processed ingredients adds to the shelf-life of the functional food products, along with the improvement of the textural and sensory characteristics, owing to their water-binding capacity, gel-forming ability, fat mimetic, anti-sticking, anti-clumping, texturizing, and thickening effects.

By source type, the yellow split peas segment is projected to grow at the fastest CAGR in the pea processed ingredients market until 2026.

The demand for yellow split peas is high owing to presence of high protein content and popularity among the food manufacturers. There is rising production of yellow peas over the years owing to the increasing demand of the same. For instance, according to the 2018 American Pulse Association Data, dry peas rank fourth in terms of the world production of food legumes below soybeans, peanuts, and dry beans. They have also reported that yellow peas and green peas, along with other minor classes, are the most commonly grown, with yellow peas accounting for approximately two-thirds of the US production. Yellow split peas are also regarded as high in fiber and is considered taste-neutral, thereby resulting to rising application of the same in food and beverage products.

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North America is estimated to dominate the global pea processed ingredients market over the forecast period.

Consumers in the North American region are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea-based food ingredients. The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population have also prompted consumers to adopt vegan diets.

The key players in this market include Emsland Group (Germany), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), and Felleskjøpet Rogaland Agder (Norway). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Textured Vegetable Protein Market Growth Opportunities by 2027

The textured vegetable protein market is projected to reach USD 1.9 billion by 2027, recording a CAGR of 6.9% during the forecast period. It is estimated to be valued at USD 1.4 billion in 2022. A considerable percentage of the population in western countries has shifted toward a diet with reduced meat consumption, demanding healthy and tasteful meat-free food products. Due to changes in consumption patterns among consumers, food manufacturers are emphasizing vegetable proteins, such as pulses, wheat gluten, and soy protein, which are processed into meat-like products known as meat analogues. These products mimic certain aesthetic qualities, such as texture, flavor, color, and nutritional characteristics, of specific types of meat.

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Drivers: Innovations and developments related to vegetable protein augmenting vegan trend

According to The Food Science and Health Database Organization, in 2018, “22 million UK citizens now identify as being a ‘flexitarian,’ viewed not as a fad diet, but a permanent lifestyle choice, notably most popular among highly influential millennials.” Thus, the increasing vegan and flexitarian population is expected to drive the textured vegetable protein market during the forecast period. Increased soy and wheat crop cultivation in developing regions, such as South America and Asia Pacific, has augmented the widespread cultivation of soybean and wheat grains across the globe, resulting in the availability of soy and wheat products, such as textured vegetable proteins.

Healthy Snacking Habits Driving Paradigm Shift In Consumer Behavior For Textured Proteins

Cereals and snacks represent a growing portion of the textured protein market. The growing demand for plant-based foods and vegan alternatives has led manufacturers to use textured proteins in additional application areas, such as cereals and snacks. The use of textured protein granules and flakes allows for their integration into cereals and snack products and improves their mainstream adoption among consumers. The role of textured protein in cereals and snack products has grown substantially, as they were earlier utilized as a means to improve the texture of the final product. However, with the development of new sources, including wheat and pea, the use of textured proteins has witnessed substantial growth. The current line of snack products includes faux meat products, such as vegan jerky, which is manufactured using textured soy or pea, packaged crisps, and even canned foods. Textured proteins in cereals utilize flavored flakes added to products to improve their flavor and nutritional content.

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Health Benefits Associated With Organic Textured Vegetable Protein Is Driving The Growth

Hydrated, textured vegetable protein delivers a fibrous meat-like texture with outstanding moisture retention, making it perfect for meat and meat alternative applications. Its dry form provides unique textures that characterize many of the most popular bars and snacks. The growing awareness of consumers about the availability of low-cost organic protein is a key element in the organic textured vegetable protein market. Different technologies, such as cell disruption, solubilization/precipitation, and enrichment systems, are used to obtain the protein fraction from organic soy/pea/wheat. The presence of magnesium in the organic textured wheat protein makes it beneficial for health. Magnesium helps improve the body's insulin response by drastically lowering insulin resistance. In this way, the magnesium in the organic wheat flour and zinc helps regulate blood sugar and prevent diabetes.

The key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DuPont (US), The Scoular Company (US), Beneo (Germany), Cargill, Incorporated (US), MGP (US), Axiom Foods, Inc., (US), Foodchem International Corporation (China), PURIS (US), Kansas Protein Foods (US), and DSM (Netherlands).

Feeding Systems MarketGrowth Opportunities by 2027

 The feeding systems market is projected to reach USD 3.9 billion by 2027, recording a CAGR of 7.7% during the forecast period. It is estimated to be valued at $2.7 billion in 2022. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously.

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Drivers: Growing number of dairy farms in the world

According to the International Farm Comparison Network (IFCN), in 2021, 116 million dairy farms milk over 260 million cows globally. The dairy farms have witnessed significant growth over the past few years. In recent years, more large-scale dairy farms have been established in the US and China, while already existing farms are growing the size of their operations. The rising demand for feeding systems can be primarily attributed to the growth in the number of dairy cattle. As the size of the dairy farm increases, it becomes difficult to properly feed a large number of cattle individually. Large-scale dairy operations have arguably greater issues than smaller farms, with labor shortages, farm profitability and feed management, keeping animals healthy, and maintaining high welfare levels. Heat detection, health monitoring, and feed management are increasingly being considered digitally and are automated. Game-changing technologies such as cameras using artificial intelligence offer the ability to passively address feed management, which represents 60% of the cost of producing milk. Various advantages associated with feeding systems technology, such as reduced labor costs and an increase in the production of dairy farms, along with an increase in herd size at dairy farms, are expected to drive the growth of the feeding systems market.

Ruminant Segment Under the Livestock Category is Projected to Dominate the Feeding Systems Market

Ruminant species such as cattle, sheep, goats, and buffaloes are mainly reared for producing dairy and meat products in developing and developed countries. Feeding ruminants at the required time is necessary for enhancing digestion and production efficiency. It helps improve feed conversion and absorption and strengthens their immune system. Feeding systems help farmers provide feed products that align with the requirements of ruminants and help maintain the health of a large herd. The consumption of beef has also increased in various regions, such as North America and Europe.

Europe Is Projected To Account For The Majority Of Share In The Global Feeding Systems Market During The Forecast Period

This region comprises major economies such as the UK, Germany, France, Italy, Spain, and the rest of Europe. Europe is expected to offer a huge platform for the potential growth of the feeding systems market. The EU dairy sector is the second-largest agricultural sector in the region, representing more than 12% of the total agricultural output. Various innovations are done by companies over a period of time to help farmers. The European poultry meat sector follows production methods in compliance with the very strict EU rules applied throughout the production chain. The current standards in place for EU poultry meat are among the highest in the world, focused on continuing to improve production conditions in terms of resource conservation and animal welfare. This is one of the major reasons to adopt feeding systems so that farmers can monitor livestock health regularly, maintain hygiene, and feed regularly with an appropriate amount of nutrition.

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Key Market Players:

The key players in this market include DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), Afimilk Ltd. (Israel), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), HETWIN Automation System GmbH (Austria), and JH AGRO A/S (Denmark).

Food Extrusion Market to Record Steady Growth by 2026

 The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for ready-to-Eat (RTE) snack foods is growing due to their convenience, nutrition value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks. Extruders blend diverse ingredients to develop novel snack foods. The quality of the final product depends on the processing conditions used during extrusion, which include the composition of the raw materials, feed moisture, barrel temperature, screw speed, and screw configuration.

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Drivers: Increase in demand for processed product types

The food extrusion market is primarily driven by the growth of the processed food industry. The changing lifestyles and high disposable incomes of the population have led to an increased demand for ready-to-eat product types as they help save time and effort. Additionally, the demand for processed product types from the urban population of developing economies is expected to subsequently drive the demand for food extrusion equipment. The rising per capita income and the increasing trend of snacking between meals are also fueling the demand for extruded product types. Consumer preferences in emerging economies such as China, India, Brazil, and the Middle East have gradually transitioned from traditional homemade breakfasts and snacking meals to ready-to-eat products over the last couple of decades.

Restraints: Volatility of raw material prices

Changes in climatic conditions across the globe have reduced the production of raw materials, such as potatoes, corn, and tapioca. Snack pellet manufacturers suffer a shortage of raw material supply and are unable to meet the rising demand. Due to the volatility factor, the prices of other raw materials, such as wheat and vegetable oil, vary by more than 40%, along with the fluctuation of natural gas by more than 25%. In addition to this, the high price of snack pellet ingredients, such as binding agents and savory flavors, also act as a restraint. Due to a hike in the pricing of raw materials used for snack pellets, manufacturers are experiencing a declining trend in their profit margins.

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Single screw extruder has uniform expansion of raw materials

A single screw extruder consists of a live bin, feeding screw, preconditioning cylinder, extruder barrel, die, and knife. It uses one single screw in the barrel of the extruder to transport and shape multiple ingredients into a uniform product type by forcing the ingredient mix through a shaped die to produce a uniform shape. Single screw extruders typically consist of three zones: feeding zone, kneading zone, and the cooling zone. In contrast to twin screw extruders, single screw extruders have poor mixing ability, owing to which the materials are required to be pre-mixed or preconditioned.

The European region dominated the food extrusion market.

The presence of a developed snack food market offers the European food extrusion market a prominent consumer base with opportunistic growth prospects. The growth of the food industry in this region is estimated to be driven by increasing consumption of processed product types in the Eastern & Southeastern European countries. Increasing consumption of snack product types in this region has also compelled manufacturers to source extruded snack products from other parts of the world for an uninterrupted supply of raw materials, as domestic production is not sufficient to meet the demand from the food industry of Europe.

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Key Market Players:

The key service providers in this market include Bühler (Switzerland), Akron Tool & Die (US), Baker Perkins (UK), Coperion (Germany), GEA (Germany), KAHL Group (Germany), Triott Group (Netherlands), Flexicon (US), Groupe Legris Industries (Belgium), The Bonnot Company (US), American Extrusion International (US), Shandong Light M&E Co., Ltd (China), Snactek (India), Doering systems, inc. (US), PacMoore (US), Egan Food Technologies (US), Schaaf Technologie GmbH (Germany), Wenger Manufacturing, Inc. (US), Brabender GmbH & Co. KG (Germany), and Jinan Darin Machinery Co., Ltd., (China).