DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "Pharmaceutical Excipients Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical excipients market is expected to grow from $6.21 billion in 2020 to $6.58 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The market is expected to reach $8.68 billion in 2025 at a CAGR of 7%.
Major players in the pharmaceutical excipients market are, Archer Daniels Midland Co., Associated British Foods, Dow Chemical Company, Evonik, Croda International Plc, Ashland, BASF SE, The Lubrizol Corporation, and Roquette Freres.
The pharmaceutical excipients market consists of sales of pharmaceutical excipients and related services. The excipient is a substance, not an active pharmaceutical ingredient (API) that has been evaluated for safety, and intentionally added in a drug delivery system. Excipient's major roles are to protect, support, enhance stability, bioavailability, patient acceptability, and assist in the effectiveness. The market consists of revenue generated by the company's manufacturing the pharmaceutical excipients by the sales of these excipients
The pharmaceutical excipients market covered in this report is segmented by functionality into fillers and diluents, suspending and viscosity agents, coating agents, binders, flavouring agents and sweeteners, disintegrants, colorants, lubricants and glidants, others, and by type of formulation into oral formulation, topical formulation, parental formulation.
Concerns related to safety and quality are expected to limit the growth of the pharmaceutical excipients market. According to the Pharmaceutical Journal, there are certain complications in children with the use of pharmaceutical drugs with excipients. For instance, the colorants used in medicine as a coloring agent may lead to sensitivity reactions and hyperactive behaviour in children.
Ethanol is another solvent that is widely used in an oral liquid formulation, the use of ethanol mixed medicine for children may have a risk of acute intoxication when overdose, and it may lead chronic toxicity with long term use. Concerns related to safety and quality are expected to limit the growth of the pharmaceutical excipients market.
In December 2018, Roquette, a global manufacturer of plant-based excipients, acquired the majority stake in Crest Cellulose for an undisclosed amount. This acquisition will increase Roquette's footprint in India and expand its portfolio. Crest Cellulose is an India-based excipient manufacturer.
The global surge in the sale of generic drugs contributed to the growth of the pharmaceutical excipients market. Generic drugs are alternatives to the marketed brand name drug in the same dosage form, safety, strength, and route of administration and quality. The surge in the demand for generic drugs drives the pharmaceutical excipients market.
The increase in research and development in the pharmaceutical formulation to enhance the production process and product quality by using multi-functional excipients is a trend shaping the market. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness.
Key Topics Covered:
1. Executive Summary
2. Pharmaceutical Excipients Market Characteristics
3. Pharmaceutical Excipients Market Trends and Strategies
4. Impact Of COVID-19 On Pharmaceutical Excipients
5. Pharmaceutical Excipients Market Size and Growth
5.1. Global Pharmaceutical Excipients Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Pharmaceutical Excipients Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Pharmaceutical Excipients Market Segmentation
6.1. Global Pharmaceutical Excipients Market, Segmentation by Functionality, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Fillers and Diluents
Suspending and Viscosity Agents
Flavouring Agents and Sweetners
Lubricants and Glidants
6.2. Global Pharmaceutical Excipients Market, Segmentation by Type of Formulation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Pharmaceutical Excipients Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Pharmaceutical Excipients Market Regional and Country Analysis
7.1. Global Pharmaceutical Excipients Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Pharmaceutical Excipients Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Archer Daniels Midland Co.
Associated British Foods
Dow Chemical Company
Croda International Plc
The Lubrizol Corporation
Kerry Group Plc
Avantor Performance Materials
Merck & Co
Eastman Chemical Corporation
Shin-Etsu Chemical Co.
Chemische Fabrik Budenheim
Peter Greven GmbH & Co. KG
For more information about this report visit https://www.researchandmarkets.com/r/p74rrw
View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005578/en/
Laura Wood, Senior Press Manager
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