Pharmaceutical Excipients Market to Garner USD 12,199.90 Million by 2029
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Pharmaceutical excipients play a major role in drug formulation and its development. These substances involve substances other than the pharmacologically active drug or prodrug. Pharmaceutical excipients provide the drug with efficient drug delivery to the target site. These molecules prevent the drug from being released too early while assimilation and enhancing the drug efficacy. Some pharmaceutical excipients promote drug integration which boosts drug absorption in the bloodstream.
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Data Bridge Market Research analyzes that the global pharmaceutical excipients market is expected to reach the value of USD 12,199.90 million by 2029, at a CAGR of 6.6% during the forecast period. Functionality accounts for the largest type segment in the market due to the rapid demand for IT solutions and services globally. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
The Global Pharmaceutical Excipients Market is growing at a high CAGR because of the increasing prevalence of various acute and chronic diseases. Pharmaceutical excipients involve everything in a drug except the active pharmaceutical ingredients. These molecules don’t possess medicinal properties and are ultimately used to enhance the drug’s physiological absorption. Pharmaceutical excipients are inert, allowing the drug molecule to apply to patients in the right form. Traditionally pharmaceutical excipients were simple molecules, but technological innovation and increasing demand for novel drug delivery systems enhanced the pharmaceutical excipient’s complexity. Pharmaceutical excipients promote the patient’s drug acceptability and boost the drug’s stability and bioavailability. However, the high production cost may act as a huge restraining factor for the global pharmaceutical excipients market.
Excipients used in pharmaceutical formulation and development are important. These substances contain ingredients besides the drug or prodrug that is pharmacologically active. Drug delivery to the target site is facilitated by pharmaceutical excipients. These molecules assimilate and improve the drug’s effectiveness while preventing the drug from being released too early. Some excipients used in pharmaceuticals encourage drug integration, which increases drug absorption in the bloodstream. Pharmaceutical excipients are additionally used to identify drugs.
Increase in generic drugs is expected to drive the market’s growth rate
The increase in generic drug production, resulting from patent expirations and cost-saving initiatives, has led to a significant demand for pharmaceutical excipients. Generic drug manufacturers rely on excipients to develop cost-effective and safe formulations that are bioequivalent to their branded counterparts. Excipients play a crucial role in ensuring the stability, functionality, and overall quality of generic drugs, making them an essential component in the formulation process for these manufacturers.
Report Scope and Market Segmentation
| Report Metric | Details |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014-2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Opportunity
- Strategic Initiatives by Market Players
The rise in the pharmaceutical excipients market increases the need for strategic business ideas. It includes a partnership, business expansion, and other development. The rising demand for pharmaceuticals is significantly increasing the demand for pharmaceutical excipients, and to cope with this demand, companies are building new manufacturing sites, among other strategic initiatives.
These strategic initiatives, such as product launches, acquisitions, agreements, and business expansion by the major market player, will boost the pharmaceutical excipients market growth and is expected to act as an opportunity for the global pharmaceutical excipients market.
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Major Players
Data Bridge Market Research recognizes the following companies as the major pharmaceutical excipients market players in pharmaceutical excipients market are Kerry Group plc. (Ireland), DFE Pharma (Netherlands), Cargill, Incorporated (U.S.), Pfanstiehl (U.S.), Colorcon (U.S.), MEGGLE GmbH & Co. KG (Germany), Omya AG (Switzerland), Peter Greven GmbH & Co. KG (Germany), Ashland (U.S.), Evonik (Germany)
Market Development
- In 2022, The biggest taste and nutrition company in the world, Kerry Group Plc., revealed that it had expanded its knowledge, technology portfolio, and manufacturing capabilities through the acquisition of two significant biotechnology companies.
- In 2022, A long-standing problem in drug development, poor bioavailability has been addressed by CD Formulation through the launch of tailored solutions for increased bioavailability excipients.
- In 2022, In Hyderabad, India, DFE Pharma, a leader in excipient solutions for pharma- and nutraceuticals, launched its newest “Closer to the Formulator” (C2F) Center of Excellence.
- In 2021, A new product line called BioHale was launched by DFE Pharma, a supplier of pharmaceutical excipient solutions, to assist biopharmaceutical companies in resolving supply issues on a global scale.
- In 2021, Croda International Plc went under a partnership with Genesis Biosciences with an aim to develop high-performing technologies and ingredients.
- In 2021, Roquette introduced LYCAGEL Premix, a ready-to-use pharmaceutical-grade solution for the formulation of vegetarian soft gel capsules.
Segment Analysis:
The pharmaceutical excipients market is segmented on the basis of functionality, dosage forms, route of administration, end user, and distribution channel.
- On the basis of functionality, the global pharmaceutical excipients market is segmented into binders and adhesives, disintegrants, coating material, coloring agents, solubilizers, flavors, sweetening agents, diluents, lubricants, buffers, emulsifying agents, preservatives, antioxidants, sorbents, solvents, emollients, glidents, chelating agents, antifoaming agents, and others. In 2022, the binders and adhesives segment is expected to dominate the global pharmaceutical excipients market with a CAGR of 9.8% in the forecast period of 2022 to 2029 due to low active dose tablets. Commonly used in wet granulation, binders are added to create a more effective and predictable granule formulation.
In 2021, the binders and adhesives segment is expected to dominate the functionality of the global pharmaceutical excipients market.
In 2021, the binders and adhesives segment is expected to dominate the global pharmaceutical excipients market owing to essential for tablet formulations to hold the ingredients together. Coating materials are used to provide a protective layer and improve the appearance of tablets. Disintegrants aid in the breakdown of tablets or capsules for faster drug release. Diluents are used as fillers to increase the bulk of tablets or capsules with a CAGR of 9.8% in the forecast period of 2022 to 2029.
- On the basis of dosage form, the global pharmaceutical excipients market is segmented into solid, semi-solid, and liquid. Solid segment is expected to dominate the global pharmaceutical excipients market with a CAGR of 6.8% in the forecast period of 2022 to 2029 due to most pharmaceutical excipients are used to manufacture solid dosage forms. Active pharmaceutical ingredient (API) is used to manufacture solid dosage forms in low quantities. So, pharmaceutical excipients are used to improve stability and increase the volume of the dosage form.
- On the basis of route of administration, the global pharmaceutical excipients market is segmented into oral excipients, topical excipients, parenteral excipients, and other excipients. Oral excipients segment is expected to dominate the global pharmaceutical excipients market with a CAGR of 7.1% in the forecast period of 2022 to 2029 due to therapy, are available in the oral form with the highest effectiveness, enhanced bioavailability, and strong onset of action.
- On the basis of end user, the global pharmaceutical excipients market is segmented into pharmaceutical and biopharmaceutical companies, contract formulators, research organizations and academics, and others. The pharmaceutical and biopharmaceutical companies segment is expected to dominate the global pharmaceutical excipients market with a CAGR of 7.0% in the forecast period of 2022 to 2029 due to market since most pharmaceutical excipients used in these companies are responsible for producing medicines in all dosage forms, such as solid, semi-solid, and liquid. Pharmaceutical excipients are used in the manufacturing of these dosage forms of medicines.
In 2022, the pharmaceutical and biopharmaceutical companies segment is expected to dominate the end user segment of the global pharmaceutical excipients market
In 2022, the pharmaceutical and biopharmaceutical companies segment is expected to dominate the global pharmaceutical excipients market owing to companies rely on advanced research and innovative technologies to discover and manufacture drugs for the treatment of various conditions, including interstitial cystitis (IC) with a CAGR of 7.0% in the forecast period of 2022 to 2029.
- On the basis of distribution channels, the global pharmaceutical excipients market is segmented into direct tender, retail sales, and others. In 2022, the direct tender segment is expected to dominate the global pharmaceutical excipients market with a CAGR of 7.0% in the forecast period of 2022 to 2029 due to the primary distribution source of pharmaceutical excipients. Hence, the market players deal directly with pharmaceutical excipients for further manufacturing.
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Fundamental Aim of this Market Report
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
List of Figures:
TABLE 1 GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY FUNCTIONALITY, 2015-2029 (USD MILLION)
TABLE 2 GLOBAL BINDERS AND ADHESIVES IN PHARMACEUTICAL EXCIPIENTS MARKETS, BY REGION, 2015-2029 (USD MILLION)
TABLE 3 GLOBAL BINDERS AND ADHESIVES IN PHARMACEUTICAL EXCIPIENTS MARKET, FUNCTIONALITY, 2015-2029 (USD MILLION)
TABLE 4 GLOBAL DISINTEGRANTS IN PHARMACEUTICAL EXCIPIENTS MARKET, BY REGION, 2015-2029 (USD MILLION)
TABLE 5 GLOBAL DISINTEGRANTS IN PHARMACEUTICAL EXCIPIENTS MARKET, FUNCTIONALITY, 2015-2029 (USD MILLION)
TABLE 6 GLOBAL COATING MATERIAL IN PHARMACEUTICAL EXCIPIENTS MARKET, BY REGION, 2015-2029 (USD MILLION)
TABLE 7 GLOBAL COATING MATERIAL IN PHARMACEUTICAL EXCIPIENTS MARKET, FUNCTIONALITY, 2015-2029 (USD MILLION)
TABLE 8 GLOBAL COLORING AGENTS IN PHARMACEUTICAL EXCIPIENTS MARKET, BY REGION, 2015-2029 (USD MILLION)
TABLE 9 GLOBAL COLORING AGENTS IN PHARMACEUTICAL EXCIPIENTS MARKET, FUNCTIONALITY, 2015-2029 (USD MILLION)
TABLE 10 GLOBAL SOLUBILIZERS IN PHARMACEUTICAL EXCIPIENTS MARKET, BY REGION, 2015-2029 (USD MILLION)
Continued..
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Critical Insights Related to the adalimumab biosimilar Included in the Report:
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- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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