Excipients Market is Expected to Grow at 5.0% & Size, Share, Trends, Massive Growth Forecast Period of 2021 to 2028
Excipients Market is growing with factors such as increased necessity for pharmaceutical products across various therapeutic areas, technological developments in multifunctional excipients, innovations in biopharmaceuticals, increased demand of generic drugs and focus on orphan drugs. However, the stringent regulatory laws, long duration of drug development process may obstruct the growth of the market in the given forecast period.
The excipients market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2021 to 2028 and is expected to reach USD 11,244.15 million by 2028. Technological advancements in multifunctional excipients and increasing need for pharmaceutical products across varied therapeutic areas are the major drivers which propelled the demand of the market in the forecast period.
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The technological advancements in multifunctional excipients act as a driver for the excipients market growth in the forecast period. The long duration of the drug development process is expected to hinder the excipients market in the forecast period. The strategic initiatives by market players act as an opportunity for the growth of the excipients market. The safety consideration in storage & transportation acts as a challenge for the growth of the excipients market.
Key Market Competitors Covered in the Report:
- Roquette Frères.
- JRS PHARMA
- Evonik Industries AG
- The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway Inc.)
- BASF SE
- Kerry Group PLC
- Shin-Etsu Chemical Co., Ltd.
- Chemische Fabrik Budenheim
- Peter Greven GmbH & Co. KG
- Croda International Plc
- Avantor, Inc.
- Omya AG
- DFE Pharma
- Pfanstiehl, Inc.
- MEGGLE Group Wasserburg
List of Figures:
FIGURE 1 GLOBAL EXCIPIENTS MARKET: SEGMENTATION
FIGURE 2 GLOBAL EXCIPIENTS MARKET : DATA TRIANGULATION
FIGURE 3 GLOBAL EXCIPIENTS MARKET: DROC ANALYSIS
FIGURE 4 GLOBAL EXCIPIENTS MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS
FIGURE 5 GLOBAL EXCIPIENTS MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 GLOBAL EXCIPIENTS MARKET: MULTIVARIATE MODELLING
FIGURE 7 GLOBAL EXCIPIENTS MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 8 GLOBAL EXCIPIENTS MARKET: DBMR MARKET POSITION GRID
FIGURE 9 GLOBAL EXCIPIENTS MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 GLOBAL EXCIPIENTS MARKET: VENDOR SHARE ANALYSIS
FIGURE 11 GLOBAL EXCIPIENTS MARKET: SEGMENTATION
FIGURE 12 NORTH AMERICA IS EXPECTED TO DOMINATE THE GLOBAL EXCIPIENTS MARKET AND ASIA-PACIFIC IS EXPECTED TO GROW WITH THE HIGHEST CAGR IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 13 TECHNOLOGICAL ADVANCEMENTS IN MULTIFUNCTIONAL EXCIPIENTS AND INNOVATION IN BIOPHARMACEUTICALS IS DRIVING THE GLOBAL EXCIPIENTS MARKET IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 14 ORGANIC SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE GLOBAL EXCIPIENTS MARKET IN 2021 & 2028
FIGURE 15 NORTH AMERICA IS THE FASTEST GROWING MARKET FOR EXCIPIENTS MANUFACTURERS IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF THE GLOBAL EXCIPIENTS MARKET
FIGURE 17 APPROVAL OF GENERIC MEDICINES BY USFDA
FIGURE 18 GLOBAL EXCIPIENTS MARKET: BY ORIGIN, 2020
FIGURE 19 GLOBAL EXCIPIENTS MARKET: BY ORIGIN, 2020-2028 (USD MILLION)
FIGURE 20 GLOBAL EXCIPIENTS MARKET: BY ORIGIN, CAGR (2020-2028)
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Excipients Market Country Level Analysis
The excipients market is analysed and market size information is provided based on the country, origin, category, products, chemistry type, chemical synthesis, functionality, dosage forms, route of administration, end user and distribution channel as referenced above.
The countries covered in the global excipients market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Ecuador, Colombia, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Kuwait, Egypt, Rest of Middle East and Africa.
The U.S. is dominating in North America excipients market due to technological advancements in multifunctional excipients and increasing need for pharmaceutical products across varied therapeutic areas. Germany is dominating in the Europe excipients market with the substantial CAGR in the forecast period due to innovations in biopharmaceuticals, rising focus on orphan drugs and technological advancements in multifunctional excipients. In Asia-Pacific, China is dominating the market due to increasing demand & availability of generic drugs and innovation in biopharmaceuticals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strategic Initiatives by Market players Is Creating New Opportunities in the Excipients Market
The excipients market also provides you with detailed market analysis for every country growth in excipients, impact of advancement in excipients and changes in regulatory scenarios with their support for the excipients market. The data is available for historic period 2010 to 2019.
Excipients Market Scope and Market Size
The excipients market is categorized into ten notable segments which are based on the origin, category, products, chemistry type, chemical synthesis, functionality, dosage forms, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of origin, the excipients market is segmented into organic and inorganic. In 2021, organic origin holds the highest market share due to non-toxic characteristic of organic chemicals used as excipients.
- On the basis of category, the excipients market is segmented into primary excipients and secondary excipients. In 2021, primary excipients segment is dominating the market as the segment includes fillers, adhesives, lubricants and other crucial excipients.
- On the basis of products, the excipients market is segmented into polymers, sugars, alcohols, minerals, gelatin and others. In 2021, polymers segment is dominating the market because polymers are used as gelatin shells in the manufacturing of capsules.
- On the basis of chemistry type, the excipients market is segmented into plant, animals, synthetic and minerals. In 2021, plant segment is dominating the market due to less expensive, non-toxic nature, biodegradable in nature and do not show any adverse effects of side effect on the human beings.
- On the basis of chemical synthesis, the excipients market is segmented into lactose monohydrate, sucralose, polysorbate, benzyl alcohol, cetosteary aclohol, soy lecithin, pregelatinized starch and others. In 2021, lactose monohydrate segment is dominating the market due to its multiple properties.
- On the basis of functionality, the excipients market is segmented into binders and adhesives, disintegrants, coating material, disintegrants, solubilizers, flavors, sweetening agents, diluents, lubricants, buffers, emulsifying agents, preservatives, antioxidants, sorbents, solvents, emollients, glidients, chelating agents, antifoaming agents and others. In 2021, binders and adhesives segment is dominating the market due to its properties.
- On the basis of dosage forms, the excipients market is segmented into solid, semi-solid and liquid. In 2021, solid segment is dominating the market as most of the excipients are used in manufacturing of solid dosage form.
- On the basis of route of administration, the excipients market is segmented into oral excipients, topical excipients, parenteral excipients and other excipients. In 2021, oral excipients segment dominates in the market as majority of drugs including the first line therapy are available in the oral form with the highest effectiveness having strong onset of action.
- On the basis of end user, the excipients market is segmented into pharmaceutical and biopharmaceutical companies, contract formulators, research organization and academics and others. In 2021, pharmaceutical and biopharmaceutical companies segment dominates in the market as most of the excipients are used in pharmaceutical and biopharmaceutical companies because these companies are responsible for the production of medicines in all dosage forms such as solid, semi-solid and liquid.
- On the basis of distribution channel, the excipients market is segmented into direct tender, retail sales and others. In 2021, direct tender segment is dominating in the market as it is the primary source of distribution of excipients.
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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– Market Size and Forecast by Revenue | 2021−2028
– Market Dynamics – Leading patterns, development drivers, limitations, and venture openings
– Market Segmentation – An itemized examination by item, by types, end-client, applications, fragments, and geology
– Competitive Landscape – Top key sellers and other conspicuous vendorsInquire
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