The report “Sugar-Based Excipients Market by Product (Actual Sugars, Sugar Alcohols, Artificial Sweeteners), Type (Powder/Granule, Crystal, Syrup), Functionality (Filler & Diluent, Tonicity Agents), Formulation (Oral, Topical, Parenteral) — Global Forecast”, the market has witnessed healthy growth and is expected to grow at a CAGR of 4.3% to reach $ 1,060.6 million.
Increasing use of co-processed excipients to improve the dissolution, bioavailability, and solubility of recently developed active pharmaceutical ingredients (APIs), rapid growth in the generics market due to the patent expiration of many blockbuster drugs and increasing development of orally disintegrating tablets (ODT) are expected to propel the growth of this market.
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Global Sugar Excipients Market, by Type
- Powders/granules
- Direct Compression Sugars
- Crystals
- Syrups
Global Sugar Excipients Market, by Functionality
- Fillers & Diluents
- Flavoring Agents
- Tonicity Agents
- Other Functionalities
Geographical Detailed Analysis:
- Further breakdown of the Rest of Asia-Pacific market into South Korea, Australia, New Zealand, and others
- Further breakdown of the Rest of Latin America sugar excipients market into Brazil, Argentina, and Mexico
Europe is the largest regional segment for the global sugar excipients market.
The market in the Asia-Pacific region is expected to register the highest CAGR owing to the significant growth in the regional healthcare market as well as the pharmaceutical industry, growing scientific base and capability, and favorable government policies, and low-cost manufacturing advantage in this region.
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Major Key Players operating in the Market:
The global sugar-based excipients market is dominated by Roquette Group (France), DFE Pharma (Germany), BASF SE (Germany), and Ashland Inc. (U.S.), which together accounted for ~40% to 45% of the global market
Roquette Group (France), DFE Pharma (Germany), BASF SE (Germany), and Ashland Inc. (U.S.), held the major share of the sugar excipients market, and are expected to dominate the market during the forecast period. Other major players in this market are Associated British Foods Plc (U.K.), Cargill, Inc. (U.S.), Colorcon, Inc. (U.S.), FMC Corporation (U.S.), MEGGLE AG (Germany), and The Lubrizol Corporation (U.S.).
