Healthcare

Organic Pharmaceutical Excipients Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Organic Pharmaceutical Excipients Global Market Report 2024 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).

Learn More On The Organic Pharmaceutical Excipients Market:

https://www.thebusinessresearchcompany.com/report/organic-pharmaceutical-excipients-global-market-report

According to The Business Research Company’s Organic Pharmaceutical Excipients Global Market Report 2024, The organic pharmaceutical excipients market size has grown strongly in recent years. It will grow from $10.36 billion in 2023 to $11.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased demand for drug formulations, patient acceptance and compliance, quality and safety standards, innovation in drug delivery, regulatory compliance requirements..

The organic pharmaceutical excipients market size is expected to see strong growth in the next few years. It will grow to $16.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise in biopharmaceuticals and biosimilars, preference for natural and sustainable ingredients, focus on personalized medicine, emergence of novel therapies, global expansion of pharmaceutical production.. Major trends in the forecast period include regulatory compliance and quality standards, customization of excipient solutions, integration of advanced technologies, global expansion of organic excipient suppliers, r&d investments in excipient innovation..

Growing demand for pharmaceutical drugs is expected to propel the growth of the organic pharmaceutical excipients market going forward. Pharmaceutical drugs, also known as medications or medicines, are chemical substances or compounds used to prevent, diagnose, treat, or relieve various diseases, medical conditions, or symptoms in humans. Demand for pharmaceutical drugs has fueled the need for organic pharmaceutical excipients to provide suitable and compatible ingredients for organic drug formulations and facilitate the drug’s physiological absorption. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations, a Europe-based association representing the pharmaceutical industry, global pharmaceuticals production increased by 4.6 to €300,000 ($323,214) in 2021. And North America accounted for 49.1% of global pharmaceutical sales compared with 23.4% for Europe in 2021. Therefore, the growing demand for pharmaceutical drugs is driving the growth of the organic pharmaceutical excipients market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=10819&type=smp

The organic pharmaceutical excipients market covered in this report is segmented –

1) By Type: Oleochemicals, Carbohydrates, Petrochemicals, Protein, Other Types

2) By Functions: Binders, Coating Agents, Colorants, Disintegrates, Other Functions

3) By Application: Oral Formulations, Topical Formulations, Parenteral Formulations, Other Applications

Label-friendly excipients for nutritional products are a key trend gaining popularity in the organic pharmaceutical excipients market. Companies operating in organic pharmaceutical excipients are focused on the use of label-friendly excipients in the formulation of nutritional products to sustain their position in the market. For instance, in April 2023, Colorcon, a US-based pharmaceutical excipient provider, launched Nutracore, an innovative range of label-friendly excipients tailored to the specific requirements of nutraceutical and supplement providers. These excipients are crafted from natural and organic materials to meet the growing demand for clean labeling in the nutritional and dietary supplement industry while ensuring optimal manufacturability and performance. Nutracore excipients enable manufacturers to meet consumers’ label-friendly expectations without compromising on the quality and functionality of their products.

The organic pharmaceutical excipients market report table of contents includes: