The South East Asia nutraceutical excipients market size is expected to reach USD 1.03 billion by 2025
at an 8.22% CAGR, according to a new report by Grand View Research, Inc.
Increasing health consciousness and consequently increasing demand for
nutraceuticals among consumers in South East Asia (SEA) are expected to drive
market growth.
South East Asian countries are recognized
as hubs for innovation as far as new ingredients and functional foods are
concerned. Major changes in urban lifestyle, high dependence on domestic
consumption, and rising disposable income of consumers are key factors boosting
the nutraceutical industry in these counties.
Many international nutraceutical
manufacturers seek entry into the SEA market owing to the high potential for
revenue generation through consumer behavior patterns in this region. For
instance, in January 2018, ChromaDex introduced its TRU NIAGEN supplement in
Singapore through retail partnerships with Watsons. It is the first and only
commercial form of nicotinamide riboside, which supports healthy aging by
providing protection against cellular stress, boosting energy, and inducing DNA
repair.
Countries like Myanmar, Indonesia, and
Philippines present higher prevalence of health issues such as hypertension,
obesity, and diabetes, thus exhibiting demand for nutraceutical products.
Rising investments by multinational nutraceutical manufacturers in this region
are also expected to drive demand for local excipient suppliers.
Furthermore, governments of countries in
this region are making efforts to introduce more harmonized regulations for the
pharma and nutraceutical industry. Better regulatory standards are expected to
enhance penetration of nutraceutical excipient manufacturers in the coming
years.
Full Research
Report On South East Asia Nutraceutical
Excipients Market Analysis:
https://www.grandviewresearch.com/industry-analysis/asia-pacific-metallic-stearate-market
https://www.grandviewresearch.com/industry-analysis/asia-pacific-metallic-stearate-market
Further key findings from the report suggest:
·
The South East Asia
nutraceutical excipients market is driven by players such as Roquette, Dow
Chemical Company, SGS, and Azelis
·
Film coating excipients held
largest revenue share owing to rapid adoption in tablet formulations to
overcome key challenges in nutraceutical manufacturing
·
Growing demand for low-calorie
sugar substitutes to overcome undesirable taste of most nutraceuticals is
attributive to the fastest growth of the sugars and polyols segment
·
Thailand is projected to
witness the fastest growth owing to changing trends in the health and wellness
industry. Government initiatives such as the Universal Coverage Scheme further
contribute to market growth
·
International companies seek entry
into the market through distribution partnerships with local players or
establishment of subsidiaries in prominent markets
·
Some key players in the South
East Asia nutraceutical excipients market are SPI Pharma; DuPont Nutrition and
Health; The Dow Chemical Company; Barentzk; Cargill Inc.; BASF SE; JRS Pharma;
BEHN MEYER; and Sensient Colors LLC.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the South
East Asia nutraceutical excipients market on the basis of product and region:
South East Asia Nutraceutical Excipients Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Film Coating
·
Flow Aids
·
Taste Masking and Sweeteners
·
Thickeners
·
Preservatives
·
Lubricants
·
Flavors
·
Disintegrants
·
Binders
·
Colors
·
Antifoams
·
Carriers
·
Sugars & Polyols (Solid)
·
Sugars & Polyols (Liquid)
·
Modified Release
South East Asia Nutraceutical Excipients Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
Malaysia
·
Vietnam
·
Philippines
·
Indonesia
·
Thailand
·
Singapore
·
Australia
·
New Zealand
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/south-east-asia-nutraceutical-excipients-market-analysis
https://www.grandviewresearch.com/press-release/south-east-asia-nutraceutical-excipients-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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