Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Pharmaceutical Excipients Market by Product (Organic (Oleochemicals, Carbohydrates) Inorganic (Calcium Carbonate), Functionality (Fillers, Binders, Lubricants, Diluents), Formulation (Oral, Parenteral), Application (Stablizers) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical excipients market is expected to witness a substantial growth rate from USD 10.7 billion in 2023 to USD 14.9 billion by 2028, with a compound annual growth rate (CAGR) of 6.8% during the forecast period of 2023-2028
Key Growth Dynamics of the Pharmaceutical Excipients Market
The market's growth is primarily fueled by increased demand for pharmaceutical products and generics, alongside significant investments in research and development for the innovation of novel excipients. Enhanced collaboration and partnerships within the pharmaceutical industry and a focus on patient-centric formulations are also major contributors to the burgeoning expansion of the market.
The latest data shows that fillers & diluents functionality hold a significant share in the market, attributed to their critical role in the stability and administration of oral solid dosage forms. Oral formulations continue to dominate the formulations segment, no surprise given their longstanding prevalence in drug delivery systems.
Asia Pacific's Rapid Market Expansion
Regionally, the Asia Pacific market is poised for a swift growth trajectory. Factors such as a cost-effective manufacturing landscape, lesser regulatory hurdles, and rising income levels give this region a competitive edge, ensuring its significant rate of growth in the global market.
Strategic Insights for Market Stakeholders Comprehensive Analysis
The report includes a granular analysis of factors influencing market dynamics such as driving forces, constraints, and opportunities. Special attention is given to the synergistic efforts of key players and evolving demands affecting the market's expansion.
- Product Innovation Insights: The research delves into product developments, offering a detailed view of freshly introduced pharmaceutical excipient solutions.
- Functionality Application: An additional segment provided in the report details the applications of various excipients, underscoring the myriad uses of different classes of these crucial pharmaceutical components.
- Market Development Trends: Thorough insights into potential lucrative markets are presented, analyzing the pharmaceutical excipients market across varied regions worldwide.
- Market Diversification: The report sheds light on new services and untapped geographic locales, pinpointing recent developments and investments driving diversification in the pharmaceutical excipients sector.
- Competitive Landscape: An in-depth assessment of market share, strategic growth approaches, and extensive service offerings from leading industry participants is included in the report.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 504 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $10.7 Billion |
| Forecasted Market Value (USD) by 2028 | $14.9 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Companies Mentioned
- Actylis (US)
- ADM (US)
- Air Liquide (France)
- Ashland Inc. (US)
- Associated British Foods plc (UK)
- BASF SE (Germany)
- BENEO (Germany)
- Berkshire Hathaway Inc. (US)
- Biogrund GmbH (Germany)
- Colorcon (US)
- Corel Pharma Chem. (India)
- DFE PHARMA (Germany)
- DOW (US)
- Evonik Industries AG (Germany)
- Fuji Chemical Industries Co., Ltd. (Japan)
- Innophos (US)
- International Flavors & Fragrances Inc. (US)
- JRS PHARMA (Germany)
- Kerry Group plc (Ireland)
- Meggle GmbH & Co Kg (Germany)
- MERCK KGaA (Germany)
- Nitika Pharmaceutical Specialities Pvt. Ltd. (India)
- R.T. Vanderbilt Holding Company, Inc. (US)
- Roquette Frères (France)
- Wacker Chemie AG (Germany)
For more information about this report visit https://www.researchandmarkets.com/r/4jvmi8
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