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Global Pharmaceutical Excipients Market – Industry Trends and Forecast to 2029

  • Pharmaceutical
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pharmaceutical Excipients Market, By Type (Inorganic Chemicals, Organic Chemicals), Function (Fillers and Diluents, Binders, Coatings, Flavouring Agents, Disintegrates, Colorants, Others), Application (Oral, Parenteral, Topical), End-Users (Pharmaceuticals Companies, Research Organization, and Academics, Others), Distribution Channel (Online Pharmacy, Retail, Mail-Order, Others) Industry Trends and Forecast to 2029

Pharmaceutical Excipients Market

Global Pharmaceutical Excipients Market Analysis and Size

Growth in the number of chronic diseases, higher awareness of physical well-being, and rising incidence of lifestyle diseases such as diabetes and obesity-related disorders have contributed to increased demand for medications worldwide. This has spurred the need for and production of medicines and excipients. Excipients aid active pharmaceutical components in achieving superior functionality, such as a longer shelf-life, and providing a competitive edge in the formulation.

  • Data Bridge Market Research analyses that the pharmaceutical excipients market was valued at USD 7.9 billion in 2021 and is expected to reach USD 12.32 billion by 2029, registering a CAGR of 5.71% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Inorganic Chemicals, Organic Chemicals), Function (Fillers and Diluents, Binders, Coatings, Flavouring Agents, Disintegrates, Colorants, Others), Application (Oral, Parenteral, Topical), End-Users (Pharmaceuticals Companies, Research Organization, and Academics, Others), Distribution Channel (Online Pharmacy, Retail, Mail-Order, Others)

Countries Covered

U.S., Canada and Mexico in North America, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.

Market Players Covered

ADM (US), Evonik Industries AG (Germany), Ashland (US), BASF SE (Germany), DuPont (US), Roquette Feres (France), Associated British Foods plc (UK), The Lubrizol Corporation (US), Croda International Plc (UK), Innophous (US), Kerry Group (Ireland), WACKER Chemie AG (Germany), Colorcon (US), DFE Pharma (Germany), JRS PHARMA (Germany), Air Liquide (France), Dow (US), Avantor, Inc (US), BENEO (Mannheim), Chemische Fabrik Budenheim (Germany), Peter Greven GmbH & Co. KG (Germany)

Market Opportunities

  • Growth in R&D activities
  • Rising focus of pharmaceutical manufacturing towards emerging countries
  • The growth of biosimilars market
  • Multifunctional excipients

Global Pharmaceutical Excipients Market Definition

An excipient is a pharmacologically active or inactive material with no therapeutic properties that help to reinforce the tablet's formation. Furthermore, the need for excipient-free pharmaceuticals is growing rapidly, as is the demand for pharmacological goods on a global basis. An excipient contributes to the drug's stability, flavour, and efficacy. Consequently, the expanding usage of colourants allows for easy drug identification, propelling market growth by leaps and bounds.

Pharmaceutical Excipients Market Dynamics

Drivers

  • Surging uptake of biopharmaceuticals

The increasing uptake of biopharmaceuticals will result in the expansion of the market's growth rate. Due to their closeness to natural biological components found in the human body. As a result, they offer great efficacy and fewer adverse effects. They are among the pharmaceutical industry's fastest-growing segment.   

  • Increasing demand for medical drugs and medicines

According to a recent report published on the JAMA Network, demand for medications from public hospitals has increased globally compared to the pre-COVID-19 time. According to the report, azithromycin, Hydroxychloroquine, Corticosteroids, and Heparin have all climbed by 11.45 percent, 6.14 percent, 24.68 percent, and 49.05 percent, respectively. With the rising need for medical pharmaceuticals and medications, the demand for pharmaceutical excipients needed to manufacture these drugs will also rise dramatically, resulting in market growth in the future years.

Furthermore, rising initiatives by public and private organizations to spread awareness and increase in the generic market are the factors that will expand the pharmaceutical excipients market. Other factors such as continuously changing lifestyle and increasing adoption of orphan drugs will positively impact the pharmaceutical excipients market's growth rate. Additionally, high disposable income and rising expenditure for the improvement of healthcare infrastructure will result in the expansion of pharmaceutical excipients market.

Opportunities

  • Rising focus of pharmaceutical manufacturing towards emerging countries

Due to a shrinking medication pipeline, government-induced constraints on healthcare costs, and increased regulations on innovative products, the previously lucrative pharmaceuticals business is becoming more difficult to grow. This is pushing pharmaceutical companies to relocate their manufacturing operations closer to emerging regions with high growth rates. This will boost new opportunities for the market's growth rate.

Also, advancement in medical technology and growth in research and development activities will provide beneficial opportunities for the pharmaceutical excipients market in the forecast period of 2022-2029. Likewise, the growth of biosimilars market and multifunctional excipients will enhance the market's growth rate in the forecast period.

Restraints/Challenges Global Pharmaceutical Excipients Market

However, the high cost associated with the drug development process will impede the growth rate of the pharmaceutical excipients market. Additionally, strict government regulations and changing trade policies will hinder the pharmaceutical excipients market growth. Safety, quality concerns, and lack of awareness will further challenge the market in the forecast period mentioned above. The dearth of standard treatment will impede the growth rate of market.

This pharmaceutical excipients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pharmaceutical excipients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Patient Epidemiology Analysis

Perioral dermatitis is most frequent in young adult females between the ages of 20 and 45. It has, however, been recorded in children. There is no substantial difference in the prevalence of perioral dermatitis in pediatric populations by gender or race.

Pharmaceutical excipients market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analyses of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.

COVID-19 Impact on Pharmaceutical Excipients Market

Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The virus was rapidly spreading, so the authorities enforced a lockdown to stop it. The covid-19 outbreak significantly impacted the world economy and all sectors. The worldwide pharmaceutical excipients industry, like other industries, was severely impacted by the covid-19 pandemic. The abrupt enforcement of lockdown and social distance requirements disrupted the main pharmaceutical excipient firms' raw material delivery channel and supply chain. The lack of supplies has an impact on countries including China and India, resulting in a reduction in medication production all over the world. The pharmaceutical excipients sector benefited from the COVID-19 as well. Pharmaceutical excipients were utilized in R&D to find a vaccine combination for the virus, and it had a significant impact on several healthcare industries. However, it had a negative impact on pharmaceutical excipients in general.

Recent Development

  • In April, 2021, DFE Pharma had announced the launch of ultimate excipient solution for Biopharma named BioHale. DFE Pharma has introduced BioHale Sucrose, a high-purity, low-endotoxin excipient that can be utilized in formulations. This latest addition to the company's well-established excipients portfolio aids in stabilizing biologics and provides the finest quality excipient technology and services to drug scientists and manufacturers globally, ensuring an increase in advanced therapeutic formulation.

Global Pharmaceutical Excipients Market Scope

The pharmaceutical excipients market is segmented on the basis of type, function, application, end-users, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Inorganic Chemicals
  • Organic Chemicals

On the basis of type, the pharmaceutical excipients market is segmented into inorganic chemicals and organic chemicals.

Function

  • Fillers and Diluents
  • Binders, Coatings
  • Flavouring Agents
  • Disintegrates
  • Colorants
  • Others

On the basis of function, the pharmaceutical excipients market is segmented into fillers and diluents, binders, coatings, flavoring agents, disintegrates, colorants, others.

Application

  • Oral
  • Parenteral
  • Topical

On the basis of application, the pharmaceutical excipients market is segmented into oral, parenteral, and topical.

End-Users

  • Pharmaceuticals Companies
  • Research Organization, and Academics
  • Others

On the basis of end-users, the pharmaceutical excipients market is segmented into pharmaceuticals companies, research organizations and academics, and others.

Distribution Channel

  • Online Pharmacy
  • Retail
  • Mail-Order
  • Others

On the basis of distribution channels, the pharmaceutical excipients market is segmented into online pharmacy, retail, mail-order, and others.

Pharmaceutical Excipients Market Regional Analysis/Insights

The pharmaceutical excipients market is analysed and market size insights and trends are provided by country, type, function, application, end-users, and distribution channel as referenced above.

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

Europe dominates the pharmaceutical excipients market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the emergence of huge medicine agencies based on excipients and increasing demand for solid oral drugs for the treatment of chronic disorders in this region.

Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing prevalence of chronic diseases and rising investment in the pharmaceutical sector in this region. Also, shift in lifestyle of people will further flourish the market's growth rate.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology 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.

Competitive Landscape and Pharmaceutical Excipients Market Share Analysis

The pharmaceutical 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pharmaceutical excipients market.

Some of the major players operating in the pharmaceutical excipients market are:

  • ADM (US)
  • Evonik Industries AG (Germany)
  • Ashland (US)
  • BASF SE (Germany)
  • DuPont (US)
  • Roquette Feres (France)
  • Associated British Foods plc (UK)
  • The Lubrizol Corporation (US)
  • Croda International Plc (UK)
  • Innophous (US)
  • Kerry Group (Ireland)
  • WACKER Chemie AG (Germany)
  • Colorcon (US)
  • DFE Pharma (Germany)
  • JRS PHARMA (Germany)
  • Air Liquide (France)
  • Dow (US)
  • Avantor, Inc (US)
  • BENEO (Mannheim)
  • Chemische Fabrik Budenheim (Germany)
  • Peter Greven GmbH & Co. KG (Germany)

Research Methodology : Global Pharmaceutical Excipients Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated 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 inquiry. 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, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-pharmaceutical-excipients-market

Customization Available : Global Pharmaceutical Excipients Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Pharmaceutical Excipients Market will be projected at USD 12.32 billion during the forecast by 2029.
The Pharmaceutical Excipients Market is to Grow at a CAGR of 5.71% During the Forecast Period of 2022 to 2029.
ADM (US), Evonik Industries AG (Germany), Ashland (US), BASF SE (Germany), DuPont (US), Roquette Feres (France), Associated British Foods plc (UK), The Lubrizol Corporation (US), and Croda International Plc (UK) are the Major Companies Operating in Pharmaceutical Excipients Market.
The Countries Covered in the Pharmaceutical Excipients Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Pharmaceutical Excipients Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.