Pharmaceutical Excipients Market: Global Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, Segmentation

Pharmaceutical Excipients Market was valued at US$ 7.71 Bn. in 2021 and is expected to reach at US$ 13.6 Bn. in 2029. Global Pharmaceutical Excipients Market size is expected to grow at a CAGR of 6.42% through the forecast period.

Pharmaceutical Excipients Market Overview:

Pharmaceutical excipients are substances that are included in a pharmaceutical dosage form not for their direct therapeutic action, but to aid the manufacturing process, to protect, support or enhance stability, or for bioavailability or patient acceptability. They may also assist in product identification and enhance the overall safety or function of the product during storage or use. Pharmaceutical excipients are basically everything other than the active pharmaceutical ingredient. Ideally, excipients should be inert, however, recent reports of adverse reactions have suggested otherwise. Pharmaceutical excipients play an important role in pharmaceutical products and are often presumed to be pharmacologically inert. It is an internationally acclaimed resource recognized as one of the most authoritative and comprehensive sources of information on excipients used in pharmaceutical formulation. The report explores the Global Pharmaceutical Excipients Market segments (By Product, By Functionality, By Formulation and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Pharmaceutical Excipients Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Pharmaceutical Excipients Market contemporary competitive scenario. Pharmaceutical Excipients Market To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.

Pharmaceutical Excipients Market Dynamics:

Increasing generics market propelled by the patent cliffs and the continuously growing biopharmaceuticals sector are trending the overall Global Pharmaceutical Excipients Market. According to industry experts, generic erosion is expected to result in significant revenue and volume losses for the branded drugs industry. This will enable the entry of cheaper generic counterparts into the market, which will boost the volume of drugs sold. The growing affordability and increasing healthcare expenditure in emerging economies will also drive the sales volume of generics in the forecast period. This is considered as a positive indicator of the growth of the pharmaceutical excipients market. The cost and time-intensive drug development process are the factors which restrain the growth of the market during the forecast period. According to the California Biomedical Research Association (CBRA), it takes 12 years for a drug to travel from the research lab to the patient, including 1–6 years for toxicology studies alone. Moreover, late-stage failures in the drug development process also impact the time and cost associated with drug development. Although excipient and drug production has seen significant advances in recent years, the requirement for high capital investments which leads to restrain the growth of Global Pharmaceutical Excipients Market during the forecast period. The development of excipients capable of multiple functions is considered a novel solution to counter the high time and cost requirements for bringing a drug to the market, a process that may take, on average, 10–12 years. Multifunctional excipients enhance the drug manufacturing process and improve flowability, compressibility, bioavailability, and particle size distribution. Thus, producing lucrative growth opportunities. A large part of the pharmaceutical excipient manufacturing process is outsourced to smaller manufacturers in low-cost countries. This leads to low control over the excipient manufacturing process and quality, thereby increasing the need for process transparency in the entire supply chain. However, achieving immediate streamlining and maximum transparency in supply chain activities poses a challenge for drug manufacturers and excipient manufacturers. These are the various challenges which are faced during the growth of the Global Pharmaceutical Excipients Market.

COVID-19 Impact on Global Pharmaceutical Excipients Market:

The COVID-19 pandemic had a significant impact on the pharma industry. Lockdowns imposed in the wake of the outbreak disrupted the supply of raw materials from manufacturing hubs such as India and China. This slowed drug development and manufacturing, severely impacting companies that relied heavily on outsourcing. The entire pharmaceutical ecosystem was disrupted initially. Against the backdrop of the Covid-19 pandemic, pharma and biotech companies continue to innovate not just in the field of therapeutics and vaccines, but also in terms of the science to develop them. In addition, regulatory authorities also had to reframe and construct new laws to ensure maximum patient safety after drug consumption. The end of the lockdowns saw the pharma industry gaining momentum, especially given the demand for drugs such as hydroxychloroquine and Remdesivir, which showed positive results against COVID-19. The increasing demand for these drugs drove revenue growth for some companies. Thus, the mass production of drugs has positively influenced the demand for pharmaceutical excipients products.

Global Pharmaceutical Excipients Market Segment Analysis:

Based on product, Pharmaceutical Excipients Market The segment organic chemicals are dominating the market with the highest market share in the year 2022. The use of these chemicals in most pharmaceutical formulations leads to the growth of the Global Pharmaceutical Excipients Market during the forecast period. The increasing demand for the manufacturing of drugs with natural resources with fewer or no side effects is driving the growth of the market. The high growth for oral fixed-dose combination of pharmaceutical products, the use of HPMC organic chemicals in life-sciences industries are propelling the growth of this segment. The factors such as high adoption of cellulose and starch derivatives solid oral dosage form and increasing development in generic products globally leads to the growth of the Global Pharmaceutical Excipients Market. Based on Functionality, Pharmaceutical Excipients Market The fillers & Diluents segment is expected to grow with the highest CAGR of XX% during the forecast period. The oral administration of drugs provides benefits to the manufacturer in packaging and transportation while keeping the chemical and physical stability of drugs. The growing prevalence of cost-effective treatment procedures leads to the market growth. Diluents and fillers are used to increase and adjust the weight of oral solid dosage form to minimize weight variation error. The excipients having variants application such as better compressibility, dose accuracy, and maintaining flow property of viscous material are factors which drives the growth of the Global Pharmaceutical Excipients Market. Mannitol is highly used in the production of chewable tablets, especially for children. Diluents are mostly used in wet granulation manufacturing methods of tablets and capsules. Based on Formulation, Pharmaceutical Excipients Market The oral formulations are dominating the market with the highest market share in the year 2022. As oral formulations are the most common route of drug delivery, which is supporting the segment growth during the forecast period. The rising demand to expand the production rate of drugs in pharmaceutical industries are dominating the market. An introduction of a novel drug delivery system and sustained released capsule to provide digestive tract function drive oral tablets and capsule formulation market growth. The market for topical formulations is also expected to witness the highest growth during the forecast period. Growth in this segment is driven mainly due to better assimilation of topical excipients with liquid APIs and increased patient compliance due to sensorial effects. Moreover, the Topical is expected to project a considerable CAGR during the forecast period. Strong assimilation of topical excipients with liquid APIs and improved patient compliance due to sensorial effects are driving this segment's development.

Pharmaceutical Excipients Market Regional Insights:

The Europe region is expected to witness significant growth at a CAGR of xx% through the forecast period. Many European countries are focusing on the generics market because of the expiration of the medicines patents in the upcoming years. Thus, due to this, the European countries such as Germany, UK, France and others are expected to witness significant growth rate during the forecast period which in turn is likely to drive the demand for pharmaceutical excipients in this region. In addition, the growing government initiatives for reducing the prices of the drugs in the market are anticipated to drive the market for generic drugs in these countries. The factors such as the rising investments for the development of biologics as well as advanced dosage forms, are likely to increase the demand for new excipients which leads to the growth of the pharmaceutical excipients market in Europe. The objective of the report is to present a comprehensive analysis of the Global Pharmaceutical Excipients Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Pharmaceutical Excipients Market dynamic, structure by analyzing the market segments and projecting the Global Pharmaceutical Excipients Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pharmaceutical Excipients Market make the report investor’s guide.

Pharmaceutical Excipients Market Scope: Inquire before buying

Global Pharmaceutical Excipients Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 7.71 Bn.
Forecast Period 2022 to 2029 CAGR: 6.42% Market Size in 2029: US $ 13.6 Bn.
Segments Covered: by Product • Organic Chemicals • Oleochemicals

o Fatty Alcohols o Metal Stearates o Glycerin o Other Oleochemicals

• Carbohydrates

o Sugars  Actual Sugars  Sugar Alcohols  Artificial Sweetenerso Cellulose  Microcrystalline cellulose  Cellulose ethers  Carboxymethyl cellulose (CMC) and croscarmellose sodium  Cellulose esters o Starches  Modified Starch  Dried Starch  Converted Starch

• Petrochemicals

o Glycols o Povidones o Mineral Hydrocarbons o Acrylic Polymers o Other Petrochemical Excipients

• Proteins • Other Organic Chemicals • Inorganic Chemicals • Calcium Phosphate • Metal Oxides • Halites • Calcium Carbonate • Calcium Sulphate
by Functionality • Fillers & Diluents • Suspending & Viscosity Agents • Coating Agents • Binders • Flavoring Agents & Sweeteners • Disintegrants • Colorants • Lubricants & Glidants • Preservatives • Emulsifying Agents • Other Functionalities
by Formulation • Oral Formulations • Tablets • Capsules • Liquid Formulations • Topical Formulations • Parenteral Formulations • Other Formulations

Global Pharmaceutical Excipients Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Pharmaceutical Excipients Market Key Players

• Wacker Chemie • Signet • Innophos Holdings • J.M. Huber Corporation • Merck Millipore • Lubrizol • Archer Daniels Midland • Associated British Foods • Croda • Evonik Industries • Kerry • BASF • Ashland • Dowdupont • Roquette • Ashland Global Holdings, Inc. • DFE Pharma • Colorcon • DFE Pharma • JRS Pharma • Air Liquide • International Flavors & Fragrances, Inc. • Roquette Frères • Wacker Chemie AG • DMV-Fonterra Excipients • Meggle GmbH & Co Kg • Finar Limited • Fuji Chemical Industries Co., Ltd • Captisol • Ideal Cures Pvt. Ltd • Corel Pharma Chem • Biogrund GmbH • Nitika Pharmaceutical Specialties Pvt. Ltd Frequently Asked Questions: 1] What segments are covered in the Global Pharmaceutical Excipients Market report? Ans. The segments covered in the Global Pharmaceutical Excipients Market report are based on product, functionality and formulation. 2] Which region is expected to hold the highest share in the Global Pharmaceutical Excipients Market? Ans. Europe region is expected to hold the highest share in the Global Pharmaceutical Excipients Market. 3] What is the market size of the Global Pharmaceutical Excipients Market by 2029? Ans. The market size of the Global Pharmaceutical Excipients Market by 2029 is expected to reach US$ 13.6 Bn. 4] What is the forecast period for the Global Pharmaceutical Excipients Market? Ans. The forecast period for the Global Pharmaceutical Excipients Market is 2022-2029. 5] What was the market size of the Global Pharmaceutical Excipients Market in 2022? Ans. The market size of the Global Pharmaceutical Excipients Market in 2021 was valued at US$ 7.71 Bn.
1. Global Pharmaceutical Excipients Market: Research Methodology 2. Global Pharmaceutical Excipients Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pharmaceutical Excipients Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pharmaceutical Excipients Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Pharmaceutical Excipients Market Segmentation 4.1. Global Pharmaceutical Excipients Market, By Product (2022-2029) • Organic Chemicals • Oleochemicals o Fatty Alcohols o Metal Stearates o Glycerin o Other Oleochemicals • Carbohydrates o Sugars  Actual Sugars  Sugar Alcohols  Artificial Sweeteners o Cellulose  Microcrystalline cellulose  Cellulose ethers  Carboxymethyl cellulose (CMC) and croscarmellose sodium  Cellulose esters o Starches  Modified Starch  Dried Starch  Converted Starch • Petrochemicals o Glycols o Povidones o Mineral Hydrocarbons o Acrylic Polymers o Other Petrochemical Excipients • Proteins • Other Organic Chemicals • Inorganic Chemicals • Calcium Phosphate • Metal Oxides • Halites • Calcium Carbonate • Calcium Sulphate 4.2. Global Pharmaceutical Excipients Market, By Functionality (2022-2029) • Fillers & Diluents • Suspending & Viscosity Agents • Coating Agents • Binders • Flavoring Agents & Sweeteners • Disintegrants • Colorants • Lubricants & Glidants • Preservatives • Emulsifying Agents • Other Functionalities 4.3. Global Pharmaceutical Excipients Market, By Formulation (2022-2029) • Oral Formulations • Tablets • Capsules • Liquid Formulations • Topical Formulations • Parenteral Formulations • Other Formulations 5. North America Pharmaceutical Excipients Market (2022-2029) 5.1. North America Pharmaceutical Excipients Market, By Product (2022-2029) • Organic Chemicals • Oleochemicals o Fatty Alcohols o Metal Stearates o Glycerin o Other Oleochemicals • Carbohydrates o Sugars  Actual Sugars  Sugar Alcohols  Artificial Sweeteners o Cellulose  Microcrystalline cellulose  Cellulose ethers  Carboxymethyl cellulose (CMC) and croscarmellose sodium  Cellulose esters o Starches  Modified Starch  Dried Starch  Converted Starch • Petrochemicals o Glycols o Povidones o Mineral Hydrocarbons o Acrylic Polymers o Other Petrochemical Excipients • Proteins • Other Organic Chemicals • Inorganic Chemicals • Calcium Phosphate • Metal Oxides • Halites • Calcium Carbonate • Calcium Sulphate 5.2. North America Pharmaceutical Excipients Market, By Functionality (2022-2029) • Fillers & Diluents • Suspending & Viscosity Agents • Coating Agents • Binders • Flavoring Agents & Sweeteners • Disintegrants • Colorants • Lubricants & Glidants • Preservatives • Emulsifying Agents • Other Functionalities 5.3. North America Pharmaceutical Excipients Market, By Formulation (2022-2029) • Oral Formulations • Tablets • Capsules • Liquid Formulations • Topical Formulations • Parenteral Formulations • Other Formulations 5.4. North America Pharmaceutical Excipients Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Pharmaceutical Excipients Market (2022-2029) 6.1. European Pharmaceutical Excipients Market, By Product (2022-2029) 6.2. European Pharmaceutical Excipients Market, By Functionality (2022-2029) 6.3. European Pharmaceutical Excipients Market, By Formulation (2022-2029) 6.4. European Pharmaceutical Excipients Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pharmaceutical Excipients Market (2022-2029) 7.1. Asia Pacific Pharmaceutical Excipients Market, By Product (2022-2029) 7.2. Asia Pacific Pharmaceutical Excipients Market, By Functionality (2022-2029) 7.3. Asia Pacific Pharmaceutical Excipients Market, By Formulation (2022-2029) 7.4. Asia Pacific Pharmaceutical Excipients Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pharmaceutical Excipients Market (2022-2029) 8.1. Middle East and Africa Pharmaceutical Excipients Market, By Product (2022-2029) 8.2. Middle East and Africa Pharmaceutical Excipients Market, By Functionality (2022-2029) 8.3. Middle East and Africa Pharmaceutical Excipients Market, By Formulation (2022-2029) 8.4. Middle East and Africa Pharmaceutical Excipients Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Pharmaceutical Excipients Market (2022-2029) 9.1. South America Pharmaceutical Excipients Market, By Product (2022-2029) 9.2. South America Pharmaceutical Excipients Market, By Functionality (2022-2029) 9.3. South America Pharmaceutical Excipients Market, By Formulation (2022-2029) 9.4. South America Pharmaceutical Excipients Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Wacker Chemie 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Signet 10.3. Innophos Holdings 10.4. J.M. Huber Corporation 10.5. Merck Millipore 10.6. Lubrizol 10.7. Archer Daniels Midland 10.8. Associated British Foods 10.9. Croda 10.10. Evonik Industries 10.11. Kerry 10.12. BASF 10.13. Ashland 10.14. Dowdupont 10.15. Roquette 10.16. Ashland Global Holdings, Inc. 10.17. DFE Pharma 10.18. Colorcon 10.19. DFE Pharma 10.20. JRS Pharma 10.21. Air Liquide 10.22. International Flavors & Fragrances, Inc. 10.23. Roquette Frères 10.24. Wacker Chemie AG 10.25. DMV-Fonterra Excipients 10.26. Meggle GmbH & Co Kg 10.27. Finar Limited 10.28. Fuji Chemical Industries Co., Ltd 10.29. Captisol 10.30. Ideal Cures Pvt. Ltd 10.31. Corel Pharma Chem 10.32. Biogrund GmbH 10.33. Nitika Pharmaceutical Specialties Pvt. Ltd

About This Report

Report ID 6681
Category Healthcare
Published Date July 2022
Updated Date
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