Excipients Market is growing with factors such as increased necessity for pharmaceutical products across various therapeutic areas, technological developments in multifunctional excipients, innovations in biopharmaceuticals, increased demand of generic drugs and focus on orphan drugs. However, the stringent regulatory laws, long duration of drug development process may obstruct the growth of the market in the given forecast period.

The excipients market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2021 to 2028 and is expected to reach USD 11,244.15 million by 2028. Technological advancements in multifunctional excipients and increasing need for pharmaceutical products across varied therapeutic areas are the major drivers which propelled the demand of the market in the forecast period.

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Global Excipients Market Scenario

According to Data Bridge Market Research, the market for excipients in North America region has the highest market share. Market leader is Dow which accounts an estimated market share of approximately 14- 15%. The company has gained outstanding sale through providing generic drugs and biopharmaceuticals associated with excipients to all the countries and rapid product approvals.

Pharmaceutical excipients involve everything in a drug except that of the active pharmaceutical ingredients. These molecules don’t possess any medicinal property and are ultimately used for enhancing the physiological absorption of the drug. Excipients are inert in nature and it allows the drug molecule to apply to patients in the right form.

The technological advancements in multifunctional excipients act as a driver for the excipients market growth in the forecast period. The long duration of the drug development process is expected to hinder the excipients market in the forecast period. The strategic initiatives by market players act as an opportunity for the growth of the excipients market. The safety consideration in storage & transportation acts as a challenge for the growth of the excipients market.

The excipients market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the excipients market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Trends Impacting the Market

Now the question is which other regions is Dow, Roquette Frères, and JRS Pharma are targeting? Data Bridge Market Research has estimated a large growth in North America excipients market and the market leaders targeting U.S., Canada and Mexico to be their next revenue pockets for 2021.

The excipients market is becoming more competitive with companies such as Dow, Roquette Frères, and JRS Pharma as they are the market leader. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global excipients market.    

Key Market Competitors Covered in the Report

• Dow
• Roquette Frères.
• JRS PHARMA
• Evonik Industries AG
• The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway Inc.)
• BASF SE
• Ashland
• Kerry Group PLC
• Shin-Etsu Chemical Co., Ltd.
• Colorcon
• Chemische Fabrik Budenheim
• Peter Greven GmbH & Co. KG
• ADM
• Croda International Plc
• BENEO
• Avantor, Inc.
• Omya AG
• DFE Pharma
• Pfanstiehl, Inc.
• MEGGLE Group Wasserburg

Excipients Market Scope and Market Size

• The excipients market is categorized into ten notable segments which are based on the origin, category, products, chemistry type, chemical synthesis, functionality, dosage forms, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of origin, the excipients market is segmented into organic and inorganic. In 2021, organic origin holds the highest market share due to non-toxic characteristic of organic chemicals used as excipients.
• On the basis of category, the excipients market is segmented into primary excipients and secondary excipients. In 2021, primary excipients segment is dominating the market as the segment includes fillers, adhesives, lubricants and other crucial excipients.
• On the basis of products, the excipients market is segmented into polymers, sugars, alcohols, minerals, gelatin and others. In 2021, polymers segment is dominating the market because polymers are used as gelatin shells in the manufacturing of capsules.
• On the basis of chemistry type, the excipients market is segmented into plant, animals, synthetic and minerals. In 2021, plant segment is dominating the market due to less expensive, non-toxic nature, biodegradable in nature and do not show any adverse effects of side effect on the human beings.
• On the basis of chemical synthesis, the excipients market is segmented into lactose monohydrate, sucralose, polysorbate, benzyl alcohol, cetosteary aclohol, soy lecithin, pregelatinized starch and others. In 2021, lactose monohydrate segment is dominating the market due to its multiple properties.
• On the basis of functionality, the excipients market is segmented into binders and adhesives, disintegrants, coating material, disintegrants, solubilizers, flavors, sweetening agents, diluents, lubricants, buffers, emulsifying agents, preservatives, antioxidants, sorbents, solvents, emollients, glidients, chelating agents, antifoaming agents and others. In 2021, binders and adhesives segment is dominating the market due to its properties.
• On the basis of dosage forms, the excipients market is segmented into solid, semi-solid and liquid. In 2021, solid segment is dominating the market as most of the excipients are used in manufacturing of solid dosage form.
• On the basis of route of administration, the excipients market is segmented into oral excipients, topical excipients, parenteral excipients and other excipients. In 2021, oral excipients segment dominates in the market as majority of drugs including the first line therapy are available in the oral form with the highest effectiveness having strong onset of action.
• On the basis of end user, the excipients market is segmented into pharmaceutical and biopharmaceutical companies, contract formulators, research organization and academics and others. In 2021, pharmaceutical and biopharmaceutical companies segment dominates in the market as most of the excipients are used in pharmaceutical and biopharmaceutical companies because these companies are responsible for the production of medicines in all dosage forms such as solid, semi-solid and liquid.
• On the basis of distribution channel, the excipients market is segmented into direct tender, retail sales and others. In 2021, direct tender segment is dominating in the market as it is the primary source of distribution of excipients.

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Excipients Market Country Level Analysis

The excipients market is analysed and market size information is provided based on the country, origin, category, products, chemistry type, chemical synthesis, functionality, dosage forms, route of administration, end user and distribution channel as referenced above.

The countries covered in the global excipients market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Ecuador, Colombia, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Kuwait, Egypt, Rest of Middle East and Africa.

The U.S. is dominating in North America excipients market due to technological advancements in multifunctional excipients and increasing need for pharmaceutical products across varied therapeutic areas. Germany is dominating in the Europe excipients market with the substantial CAGR in the forecast period due to innovations in biopharmaceuticals, rising focus on orphan drugs and technological advancements in multifunctional excipients. In Asia-Pacific, China is dominating the market due to increasing demand & availability of generic drugs and innovation in biopharmaceuticals.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Strategic Initiatives by Market players Is Creating New Opportunities in the Excipients Market

The excipients market also provides you with detailed market analysis for every country growth in excipients, impact of advancement in excipients and changes in regulatory scenarios with their support for the excipients market. The data is available for historic period 2010 to 2019.

Competitive Landscape and Global Excipients Market Share Analysis

The excipients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to excipients market.

Key Pointers Covered in Global Excipients Market Industry Trends and Forecast to 2028

• Market Size
• Top to Bottom Market Analysis
• Recent Developments for Market Competitors
• Recent Market Value for Different Countries

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports:

Europe Excipients Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/europe-excipients-market

Asia-Pacific Excipients Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/asia-pacific-excipients-market

Middle East and Africa Excipients Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/middle-east-and-africa-excipients-market

North America Excipients Market Size, Shares, Trends and Industry Growth Outlook:  https://www.databridgemarketresearch.com/reports/north-america-excipients-market

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