The Pharmaceutical Excipients by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pharmaceutical Excipients, The pharmaceutical excipients market size has grown strongly in recent years. It will grow from $9728.83 billion in 2023 to $10378.8 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a surge in the sale of generic drugs and rising advanced healthcare infrastructure..
The pharmaceutical excipients market size is expected to see strong growth in the next few years. It will grow to $13399.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to government initiatives, an increasing development of novel drugs, rising healthcare expenditure and a rapid growth in the elderly population will drive market growth.. Major trends in the forecast period include focusing on sustainable packaging to reduce the use of plastics, focusing on mergers and acquisitions to strengthen market position, focusing on reducing greenhouse gas emissions and leveraging artificial intelligence to track nutrients, water levels and improve transparency in supply chains..
The global surge in the sale of generic drugs contributed to the growth of the pharmaceutical excipients market. Generic drugs are alternatives to the marketed brand-name drug in the same dosage form, safety, strength, route of administration, and quality. According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic medicines, the country’s generic drugs account for 20% of the global generic drug exports. Indian pharmaceutical companies received 300 generic drug approvals in the USA. The surge in the demand for generic drugs drives the pharmaceutical excipients market.
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The pharmaceutical excipients market covered in this report is segmented –
1) By Product: Inorganic Chemicals, Organic Chemicals, Other Products
2) By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavoring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
3) By Type Of Formulation: Oral Formulation, Topical Formulation, Parenteral Formulation, Other Formulations
The increase in research and development in pharmaceutical formulation to enhance the production process and product quality by using multi-functional excipients is a trend shaping the market. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness. For instance, Evonik’s newly launched EUDRAGIT FS 100 is a solid version of the existing EUDRAGIT FS 30 D. This new multi-functional version allows pharmaceutical companies to use the polymer in many new applications, such as hot-melt extrusion solvent spray-drying, and solvent coating, which was impossible to achieve in past decades where only the aqueous version was available.
The pharmaceutical excipients market report table of contents includes:
1. Executive Summary
2.Pharmaceutical Excipients Market Characteristics
3. Pharmaceutical Excipients Market Trends And Strategies
4. Pharmaceutical Excipients Market analysis
5. Pharmaceutical Excipients Market Size And Growth
6. Pharmaceutical Excipients Segmentation
7.Pharmaceutical Excipients Regional And Country Analysis
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27. Pharmaceutical Excipients Competitive Landscape And Company Profiles
28.Pharmaceutical Excipients Key Mergers And Acquisitions
29. Pharmaceutical Excipients Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- BASF SE
- Ashland Global Holdings
- Evonik Industries AG
- International Flavors & Fragrances, Inc.
- Roquette Frères
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