Sugar-Based Excipients Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
The Sugar-Based Excipients Market size was valued at USD 1056.24 Million in 2023 and the total Sugar-Based Excipients revenue is expected to grow at a CAGR of 4.2% from 2024 to 2030, reaching nearly USD 1408.76 Million.
Excipients are basically inactive ingredient, which supports the active ingredient of the medicine used for oral medication in sucrose, glycerol, saccharin sodium, sorbitol and others. Sugar based excipients are used for bulking the solid formulation and long stability.
Global Sugar-Based Excipients Market is segmented by type, product, functionality, formulation, and geography. Type segment is sub segmented as direct compression sugars, crystals and syrups. Product segment is divided as actual sugars, sugar alcohols, artificial sweeteners and powders/granules. Actual sugar segment is expected to the largest market share in forecast period owing to its non-toxicity, negligible reaction with drugs and high utilization in oral formulations. Functionality segment is classified as fillers & diluents, flavoring agents, tonicity agents and other functionalities. Formulation segment is further sub segmented as oral formulations, parenteral formulations, topical formulations and other formulations. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
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Increasing development of orally disintegrating tablets (ODTS) are trending the overall Global Sugar-Based Excipients Market. However, requirement of FDA-approved manufacturing sites due to rigorous regulatory requirements will restrain the market growth. APAC is expected to register the highest growth rate in market during the forecast period followed. Helpful policies from government, growth in the healthcare industry and pharmaceutical industry in China, South Korea and India will fuel the Sugar-Based Excipients Market in APAC region.
Sugar-Based Excipients Market Key Highlights:
Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for this market during the forecast period
Complete quantitative analysis of the industry from 2018 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities
In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
Global Sugar-Based Excipients Market analysis and comprehensive segmentation with respect to the type, product, functionality, formulation, and geography to assist in strategic business planning
Global Sugar-Based Excipients Market analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa, Latin America and their key regions.
Research Methodology
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at global market value for Global Sugar-Based Excipients Market.
Sugar-Based Excipients Market Scope: Inquire before buying
Research report categorizes the Global Sugar-Based Excipients Market based on type, product, functionality, formulation, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Sugar-Based Excipients Market with key developments in companies and market trends
| Sugar-Based Excipients Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 1056.24 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 4.2% | Market Size in 2030: | USD 1408.76 Mn. |
| Segments Covered: | By Product | Actual Sugars Sugar Alcohols Artificial Sweeteners |
|
| By Type | Powders/Granules Direct Compression Sugars Crystals Syrups |
||
| By Functionality | Fillers & Diluents Flavoring Agents Tonicity Agents Other Functionalities |
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| By Formulation | Oral Formulations Parenteral Formulations Topical Formulations Other Formulations |
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by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Sugar-Based Excipients Market Key Players Are:
1. The Lubrizol Corporation
2. Meggle AG
3. FMC Corporation
4. Citron Scientific
5. Colorcon Inc
6. Cargill, Inc.
7. Associated British Foods PLC.
8. surinerts TM
9. MB Sugars & Pharmaceuticals Limited
10.Roquette Group
11.DFE Pharma
12.BASF SE
13.Archer Daniels Midland Company
14.Ashland Inc.
Key Target Audience:
Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
Pharmaceutical Excipient Manufacturers
Distributor and Suppliers of Pharmaceutical Excipients
Sugar Excipient Manufacturers
Drug Manufacturers
Pharmaceutical/Medical Associations
Drug Suppliers and Distributors
Research and Development (R&D) Companies
Contract research organizations (CROs)
Government Bodies
Frequently Asked Questions:
1. Which region has the largest share in Sugar-Based Excipients Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Sugar-Based Excipients Market?
Ans: The Global Sugar-Based Excipients Market is growing at a CAGR of 4.2% during forecasting period 2024-2030.
3. What is scope of the Global Sugar-Based Excipients market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Sugar-Based Excipients market?
Ans: The important key players in the global market are – The Lubrizol Corporation, Meggle AG, FMC Corporation, Citron Scientific, Colorcon Inc, Cargill, Inc., Associated British Foods PLC., surinerts TM, MB Sugars & Pharmaceuticals Limited, Roquette Group, DFE Pharma, BASF SE, Archer Daniels Midland Company, and Ashland Inc.
5. What was the Global Sugar-Based Excipients Market size in 2023?
Ans: The Global Sugar-Based Excipients Market size was USD 1056.24 Million in 2023.