Sugar-Based Excipients Market size was valued at USD 972.78 Million in 2023 and is projected to reach USD 1328.14 Million by 2030, growing at a CAGR of 4.28% from 2024 to 2030.
The Sugar-Based Excipients Market plays a crucial role in pharmaceutical formulation, providing a wide range of functionalities and benefits in drug development and manufacturing processes. Sugar-based excipients are used as fillers, diluents, binders, and sweeteners in pharmaceutical formulations to improve the stability, bioavailability, taste, and appearance of drugs.
Key drivers of the Sugar-Based Excipients Market include:
- Rising Demand for Oral Solid Dosage Forms: Oral solid dosage forms, such as tablets and capsules, are among the most commonly used drug delivery systems worldwide. Sugar-based excipients are extensively used in these formulations to impart desirable properties such as compressibility, flowability, and disintegration.
- Growing Pharmaceutical Industry: The pharmaceutical industry is experiencing rapid growth due to increasing healthcare expenditures, rising prevalence of chronic diseases, and aging populations. This growth is driving the demand for excipients, including sugar-based excipients, to support the development and manufacturing of new drugs.
- Preference for Patient-Friendly Formulations: Patient preference for dosage forms that are easy to swallow, taste better, and have improved mouthfeel has led to the increased use of sugar-based excipients in oral formulations. These excipients help mask the bitter taste of drugs and enhance patient compliance.
- Advancements in Excipient Technology: Ongoing research and development efforts in excipient technology have led to the development of novel sugar-based excipients with enhanced functionality, such as improved solubility, stability, and controlled release properties, further driving market growth.
The Sugar-Based Excipients Market encompasses a variety of sugar-based compounds, including:
- Lactose: Lactose is one of the most commonly used sugar-based excipients in pharmaceutical formulations. It is used as a filler, diluent, and binder in tablet formulations and as a carrier in dry powder inhaler formulations.
- Sucrose: Sucrose is used as a sweetener and flavoring agent in oral liquid formulations, syrups, and chewable tablets. It is also used as a stabilizer and bulking agent in lyophilized formulations.
- Mannitol: Mannitol is a sugar alcohol excipient used as a bulking agent, diluent, and sweetener in tablet formulations. It is also used as a cryoprotectant in freeze-dried formulations.
- Sorbitol: Sorbitol is another sugar alcohol excipient used as a sweetener, humectant, and binder in various pharmaceutical formulations, including chewable tablets, lozenges, and oral liquids.
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Market Segmentations:
Global Sugar-Based Excipients Market: By Company
Ashland
ADM
BASF
DFE Pharma
Roquette
Associated British Foods
Cargill
Colorcon
FMC
Lubrizol
Meggle
Global Sugar-Based Excipients Market: By Type
Powder/Granule
Crystal
Syrup
Global Sugar-Based Excipients Market: By Application
Oral Formulations
Parenteral Formulations
Topical Formulations
Other Formulations
Global Sugar-Based Excipients Market: Regional Analysis
The regional analysis of the global Sugar-Based Excipients market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Sugar-Based Excipients market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Cold-chain Pharma in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Cold-chain Pharma in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Cold-chain Pharma in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Cold-chain Pharma in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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