Jersey City, New Jersey, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Pharmaceutical Excipients Market” By Product (Organic Chemicals, Inorganic Chemicals), By Formulation (Oral Formulations, Parenteral Formulations, Topical Formulations), By Functionality (Fillers and Diluents, Binders, Suspending and Viscosity Agents, Flavouring Agents and Sweeteners), and By Geography. According to Verified Market Research, the Global Pharmaceutical Excipients Market size was valued at USD 6,961.64 Million in 2019 and is projected to reach USD 11,172.77 Million by 2027, growing at a CAGR of 5.97% from 2020 to 2027.
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Browse in-depth TOC on “Pharmaceutical Excipients Market”
202 - Pages
126 – Tables
37 – Figures
Global Pharmaceutical Excipients Market Overview
The global Pharmaceutical Excipients Market is expected to grow at a healthy CAGR during the forecast period due to the increasing utilization of parenteral products owing to a rise in the global burden of chronic and lifestyle diseases and heavy investments by the pharmaceutical industry in the development of biologics. However, the cost and time-intensive method of drug development is expected to limit the growth of the market to a certain extent during the forecast period. Moreover, the strong penetration of pharmaceutical manufacturing to several developing countries is likely to provide lucrative opportunities for the market to grow over a period of time.
Excipients can be of various types such as sweeteners which helps in making an unpleasant taste of the drug. Excipients also impart the taste, stability, and efficacy of the drug. In addition, binders and disintegrants ensure easy consumption and its target effectiveness. These mentioned properties are expected to strengthen the demand for excipients in the global Pharmaceutical Excipients Market. Moreover, the factors such as the least risk associated, minimum cost, and consistency in the production are projected to fuel the demand for excipients by the manufacturers. Furthermore, the key players undergo various acquisitions and mergers which boost the market growth. For instance, in January 2019, Croda International acquired Brenntag Biosector for its vaccine adjuvants portfolio which would be complementary to Croda’s pharmaceutical excipients portfolio. However, the higher production cost and stringent government regulations might impede the overall growth of the market.
Key Developments
- Roquette announced the addition of a new ingredient to its range of NUTRALYS plant proteins.
- DuPont has developed an excipient that could be more efficient and stable than current products on the market.
- Ashland launched new excipient solutions for improved drug delivery such as Plasdone S630 Ultra, Benecel XR and XRF and Viatel bioresorbable polymers.
Key Players
The major players in the market are Roquette Frères, DuPont de Nemours, Inc., BASF SE, Ashland Global Holdings, Inc., Innophos Holdings, Inc., and Others.
Verified Market Research has segmented the Global Pharmaceutical Excipients Market On the basis of Product, Formulation, Functionality, and Geography.
- Pharmaceutical Excipients Market, By Product
- Organic Chemicals
- Inorganic Chemicals
- Others
- Pharmaceutical Excipients Market, By Formulation
- Oral Formulations
- Parenteral Formulations
- Topical Formulations
- Other Formulations
- Pharmaceutical Excipients Market, By Functionality
- Fillers and Diluents
- Binders
- Suspending and Viscosity Agents
- Flavouring Agents and Sweeteners
- Other Functionality
- Pharmaceutical Excipients Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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