The Global Nutraceutical Excipients Market is expected to grow with a CAGR of 7.4% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below:
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The global nutraceutical excipients market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favourable market scenario.
The major players dealing in the global nutraceutical excipients market are introducing a strong range of products provider along with launching new services and adopting strategic initiatives such as acquisition, agreement, business expansion, awards and recognition into the market. This helped companies to maximize sales with an enhanced service portfolio.
For Instance,
- In May 2022, W.R. Grace & Co.-Conn received the 2022 Chemical Week Global Innovation Award for the most Innovative Specialty Chemicals Sustainable Product for their ground-breaking ActivCat catalyst. This award recognition would help the company in business recognition and in increasing the business in chemicals
- In May 2022, BENEO announced that it had acquired the Meatless B.V. to expand its portfolio of plant-based solutions. This acquisition would help the company to expand its business in the field of plant-based texturizing solutions for meat and fish alternatives
Some of the other key players existing in the market include Ingredion, BASF SE, azelis, Cargill, JRS Pharma LP, Ashland, Sensient Technologies Corporation, Omya, IMCD Group, and Grain Processing Corporation, among others.
INGREDION
Ingredion is headquartered in Illinois, and United States was founded in the year 1906. The company focuses on providing quality products by maintaining integrity. It has the following business segments Food ingredient solutions, Animal nutrition ingredients, beauty and home, beverage ingredient solutions, biomaterials, paper & corrugating, among which Food ingredient solutions is market focused business segment. The company offers various products in the following product categories Food ingredient solutions, Animal nutrition ingredients, beauty and home, beverage ingredient solutions, biomaterials, paper & corrugating, and Food ingredient solutions is the market-focused category. The company has a presence in North America, South America, and Europe.
For Instance,
- In September 2022, Ingredion Incorporated (NYSE: INGR), a leading global provider of specialty ingredient solutions to the food and beverage manufacturing industry, was named the Best Plant-Based Sustainability winner of The World Plant-Based Awards at the 2022 Plant Based World Expo in New York
BASF SE
Smith & Nephew is headquartered in Mannheim, Germany, and it was founded in the year 1865. The company is focused on innovative processes, technologies and products for a sustainable future. The company has the following business segments Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions, among which Chemicals is the market-focused segment. The company offers products in product categories APIs, Biopharma, Parenterals, Orals, Solubilization, and Topicals products, among which Parenterals, Orals and Topical is the market-focused category. The company has a presence in North America, Asia-Pacific, and Europe.
For Instance,
- In November 2021, BASF opens new Research & Development facility in Ansan. Korea’s Engineering Plastics Innovation Center (EPIC). The new facility houses the combined R&D team and competencies from its recent acquisition of Solvay’s polyamide business, other new competencies
The company has various subsidiaries that are BASF Coatings GmbH (Germany), Wintershall (Germany), Chemetall GmbH (U.K.), BASF Japan (Japan), and BASF India Ltd. (India), among others.
azelis
azelis. is headquartered in Antwrep, Belgium founded in the year 1996. This company is focused on developing and supply of ingredients in the field of life sciences and industrial chemicals. The company has the following business segments Life Sciences and Industrial Chemicals, among which Life Sciences is the market-focused segment. The company offers various products in the product category as Animal Nutrition, Food & Nutrition, Home Care & Industrial Cleaning, Personal Cleaning, Pharmaceuticals & Healthcare and Agriculture & Environmental Solutions, and Pharmaceuticals & Healthcare is the market-focused category. The company has a presence in North America, South America, Europe, Asia-Pacific and Middle East & Africa.
For Instance,
- In December 2022, Azelis announced the acquisition of Chemiplas Agencies Ltd. In Australia and New Zealand which is one of the leading distributors of specialty chemicals, plastic raw materials and ingredients in Australia, New Zealand and the Pacific Islands. This acquisition would help the company in line expansion for the distribution of their products and business expansion
The company has various subsidiaries that are EB1 Pty Limited, (Australia), Azelis Bulgaria EAD, (Bulgaria), Azelis Hong Kong Ltd, (China), Azelis Canada Inc., (Canada), and Orkila algeria spa, (Algeria), among others.
