NUTRACEUTICAL EXCIPIENT MARKET ANALYSIS
The Global Nutraceutical Excipients Market – Regional insights
Asia Pacific is expected to hold dominant position in the global market for nutraceutical excipients, owing to growing pharmaceutical manufacturing. According to The Economist Intelligence Unit Report 2012, key players such as Merck & Co. and other global pharmaceutical companies are focusing on expansion in Asia Pacific to lower their production cost. This in turn is expected to boost growth of the global nutraceutical excipient market in Asia Pacific. North America is expected to account for the second largest market share in the global nutraceutical excipient market due to increasing consumption of nutraceuticals and dietary supplements in the region. According to the Council for Responsible Nutrition (CRN) Survey October 2018, around 75% adults in the U.S. consume dietary supplements and the consumption is expected to significantly increase in the near future. Therefore, these factors and scenarios are expected to boost growth of the global nutraceutical excipient market over the forecast period.
Geographies covered
On the basis of region, the global nutraceutical excipients market is segmented into:
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