South East Asia Nutraceutical Excipients Market Size, Share & Trends Analysis Report By Product (Film Coating, Binders, Sugars and Polyols (Solid), Modified Release), And Segment Forecasts, 2018 - 2025

Research Methodology

A three-pronged approach was followed for deducing the South East Asia nutraceutical excipients market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for South East Asia nutraceutical excipients market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of South East Asia nutraceutical excipients market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

South East Asia Nutraceutical Excipients Market Categorization:

The South East Asia nutraceutical excipients market was categorized into two segments, namely products (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), country (Malaysia, Vietnam, Philippines, Indonesia, Thailand, Singapore, Australia, New Zealand).

Segment Market Methodology:

The South East Asia nutraceutical excipients market was segmented into product and country. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The South East Asia nutraceutical excipients market was analyzed at a regional level. The globe was divided into South East Asia, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eight countries, namely, Malaysia; Vietnam; Philippines; Indonesia; Thailand; Singapore; Australia; and New Zealand.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

South East Asia nutraceutical excipients market companies & financials:

The South East Asia nutraceutical excipients market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• SPI Pharma - SPI Pharma develops functional materials that facilitate the formulation process of medicines. Its product portfolio includes directly compressible calcium powders, antacid actives, taste-masked actives, drug delivery systems, functional excipients, and vaccine adjuvants. It offers solutions for various applications including excipients for chewable tablets & lozenges, excipients for swallow tablets, plasticizers for softgel capsules, ingredients for nutraceuticals, ingredients for antacids & laxatives, excipients for effervescent tablets, orally disintegrating technology (oral drug delivery), taste-masking, and vaccine adjuvants. It also offers formulation innovation, troubleshooting support, and technical assistance to over 55 countries. It has a distribution network in Central & South America, Australia & New Zealand, North America, Europe, Asia, Middle East, and Africa.

• DFE Pharma - DFE Pharma is an international company that manufactures excipients. The company is jointly owned by two top multinational dairy companies: Fonterra and Royal Friesland Campina. The manufacturing plants of the company are located in India, New Zealand, Germany, and the Netherlands. The company sells its products across 100 countries. DFE Pharma’s excipients portfolio includes Microcrystalline Cellulose (MCC), starch, lactose, inhalants, and super disintegrants. The manufacturing plant in Cuddalore, India produces MCC products.

• DuPont Nutrition & Health - DuPont Nutrition & Health offers food and nutrition solutions to pharmaceutical, beverage, and food & dietary supplement industries. Its service portfolio includes formulation support, application support, custom manufacturing, enumeration assistance, and regulatory support. The company is a member of FReSH initiative, which is a joint effort between the World Business Council for Sustainable Development and EAT—which is focused on transforming the worldwide food systems into more sustainable systems. It has worldwide operations, which include Africa, Oceania, the Americas, Asia, and Europe.

• Barentz International BV - Barentz International BV distributes, markets, and sells ingredients for personal care, pharmaceutical, animal nutrition, and food & nutrition industries. It offers solutions for the following applications in the food & nutrition industries: Bakery, confectionary, meat & fish, soups & sauces, savory, drinks, dairy, and health & well-being. The company serves the following applications in the animal nutrition industry: pet food, horse feed, poultry feed, pig feed, aquaculture, sheep feed, and cow feed. In personal & homecare services, it provides products for home care, body care, decorative cosmetics, fragrances & perfumes, hair care, oral care, skin care, sun care, and toiletries.

• JRS Pharma -JRS Pharma manufactures excipients and has a wide product portfolio in the health science industry. It also offers services and support to developing biopharmaceuticals. The company offers solutions for pharmaceutical, nutraceutical, contract pharma, and animal health industries. Its ProJect Pharmaceutics business provides solutions and services for designing, optimizing, and customizing of pharmaceutical formulations. The company has seven R&D centers, 31 production sites, and 25 sales offices. In 2011, Celonic AG was acquired by JRS Pharma.

• Sensient Colors LLC - Sensient Colors LLC develops excipients for pharmaceutical and nutraceutical companies. Its portfolio offers various excipients such as colorants, flavoring agents, coating agents, and imprint ink solutions. The company is Certasure certified, which ensures stringent quality testing, full raw material traceability, best manufacturing practices, and comprehensive vendor certification. It has worldwide operations in North America, South America, Europe, Africa, Asia, and Australia.

• W. R. Grace & Co.-Conn. - W. R. Grace & Co.-Conn. offers solutions and services to cater to various industries including chemical processing, coatings & inks, food & beverages, personal care, pharmaceuticals, plastics, and other general industries. The company is engaged in operations and manufacturing products using its material science commodities, like alumina, silica, gel, metals, and colloids, to support various industries. It has customers across 60 countries and business operations in 30 countries. It operates in North America, Latin America, Europe, Asia Pacific, and Middle East Africa through its manufacturing & R&D units, technical services sites, sales offices, and distributors.

• BEHN MEYER - BEHN MEYER is a specialty supplier that serves various industries across South East Asia. Along with the distribution of renowned brands, the company is engaged in the development of its brands. Various industries served by the company are agriculture (fertilizers & crop protection); ingredients (food ingredients, animal nutrition, pharma, & home/personal care), performance chemicals (petro- & process chemicals, coatings, leather & textile, & water treatment), and polymers (plastics, rubber). The company has a wide network in 14 countries through its 38 warehouses, 28 offices, and several manufacturing plants in the U.S., Asia, and Europe.

• BASF SE - BASF SE provides a broad range of products: chemicals, plastics, and oil & gas-based. The company’s business portfolio is divided into five segments: oil & gas, agricultural solutions, functional materials & solutions, performance products, and chemicals. It has 13 of businesses in India with over 20 production sites, R&D centers, and sales offices. It controls these operations through its three subsidiaries in India: Chemetall India Private Ltd., BASF Chemicals India Pvt. Ltd., and BASF India Limited.

• Evonik - Evonik is a specialty chemical manufacturer that serves several industries including the industry of nutrition & care and performance materials. Its product lines include adhesives and sealing compounds, animal nutrition, automotive applications, catalysis, cleaning products, coatings, coatings & colorants, construction material, crop protection agents, displays, electronics, flame protection solutions, fuel solutions, optical applications, packaging, personal care, pharmaceutical application, plastic, plasticizers, polyurethane additives, processing aid for monomer process, road markings, semiconductors, solar applications, and water treatment solutions.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

South East Asia Nutraceutical Excipients Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2017, historic information from 2014 to 2016, and forecast from 2018 to 2025). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

South East Asia Nutraceutical Excipients Market Report Assumptions:

• The report provides market value for the base year 2017 and a yearly forecast till 2025 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.