Global Sugar-Based Excipients Market to Reach USD 1,707.46 Million by 2033, Driven by Rising Demand for Co-Processed Excipients

Sugar-Based Excipients Market

In 2023, the global sugar-based excipients market share is projected to reach USD 1,068.41 million, with a steady growth rate of 4.8% CAGR. By 2033, the market is anticipated to expand further, reaching an estimated USD 1,707.46 million.

This growth is primarily driven by the rising adoption of co-processed excipients, the expiration of patents for sugar excipients, and advancements in orally disintegrating tablets (ODTs). Co-processed excipients, in particular, are gaining momentum in the pharmaceutical industry due to their cost-effectiveness and enhanced functionality in drug delivery systems.

Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/report-sample#5245502d47422d3136353339

This growth is fueled by increasing pharmaceutical demand, advancements in drug formulation technologies, and the rising preference for oral solid dosage forms. With excipients playing a crucial role in drug stability, solubility, and bioavailability, the market is set to witness strong investor interest in the coming years.

Market Growth Drivers

  • Rising Demand in Pharmaceuticals: The surge in drug manufacturing, particularly oral and pediatric formulations, is driving the need for sugar-based excipients due to their excellent taste-masking properties and solubility.
  • Technological Advancements: Innovations in drug formulation and the introduction of multifunctional excipients are enhancing product efficiency, making sugar-based excipients an essential component in modern pharmaceuticals.
  • Growing Adoption of Natural and Non-toxic Excipients: Increasing consumer preference for naturally derived, non-toxic ingredients in drug formulations is boosting demand for sugar-based excipients.
  • Expansion in Emerging Markets: Developing regions, especially in Asia-Pacific, are witnessing rising investments in pharmaceutical manufacturing, further propelling market growth.

Key Takeaways

  • The sugar-based excipients market is expected to grow at a CAGR of 4.8% from 2023 to 2033.
  • Increased pharmaceutical applications and innovations in drug formulation will drive demand.
  • Leading players like Roquette Frères, DFE Pharma, and Meggle Pharma are investing in research and development to improve excipient functionality.
  • Asia-Pacific is anticipated to be a key growth region due to expanding pharmaceutical production capacities.

“The sugar-based excipients market is experiencing dynamic growth due to the pharmaceutical industry’s shift towards patient-friendly and palatable drug formulations. The increasing demand for natural and multifunctional excipients is expected to drive further innovations and investments in this sector.”– says Nandini Roy Choudhury, Client Partner at Future Market Insights 

In-Depth Market Intelligence at Your Fingertips: https://www.futuremarketinsights.com/reports/sugar-based-excipients-market

Competitive Landscape

Investors looking for high-growth potential sectors should consider the sugar-based excipients market. The demand for pharmaceutical excipients is expanding, creating lucrative opportunities for manufacturers and suppliers. Companies investing in R&D for novel excipients and sustainable production methods are likely to gain a competitive edge in the evolving pharmaceutical landscape.

Key players operating the global sugar-based excipients market include:

  • Ashland Inc.
  • Associated British Foods Plc
  • BASF SE
  • Colorcon, Inc.
  • Cargill, Inc.
  • DFE Pharma
  • FMC Corporation
  • MEGGLE AG
  • Roquette Group
  • The Lubrizol Corporation

Key Developments for Sugar-based Excipients Market

Sugar-based excipients market players undertake a variety of key activities, including product launches, expansions, and distribution network expansions, as well as establishing global footprints through subsidiaries and partnerships.

These activities enable the manufacturers to obtain a larger market share, as well as enhance their product portfolios and expand their reach to various regions. Additionally, their partnerships with other companies can help them access new markets and gain access to advanced technologies. Major players also diversify their portfolios, acquire companies, and merge.

  • A company that makes pharmaceutical and nutraceutical excipients, Roquette, acquired Crest Cellulose, a manufacturer of excipients based in India, in September 2022. Roquette acquired Crest Cellulose to expand its portfolio of excipients and gain access to a larger market. This acquisition enables Roquette to offer a wider range of excipients to its customers and gain a foothold in the Indian market.
  • Lactohale 400 was launched by DFE Pharma, a pharma and nutraceutical excipient solutions manufacturer, in July 2022. Lactohale 400 is a lactose-free, non-GMO, plant-based excipient that can be used in a variety of applications, such as tablets, capsules, and granules. The product is designed to meet the needs of the growing nutraceutical and pharmaceutical industry for more natural, sustainable excipients.
  • In liquid oral dosage forms, micropellets were coated with Kollicoat Smartseal 30D, manufactured by BASF-SE.

Explore in-depth analysis of the functional food ingredient industry, uncovering trends, market dynamics, and opportunities for growth and innovation: https://www.futuremarketinsights.com/industry-analysis/functional-food-ingredients

Sugar-based Excipients by Category:

The sugar-based excipients market is segmented based on product, type, functionality, formulation, and region. By product, the market is categorized into actual sugar, sugar alcohols, and artificial sweeteners. Based on type, sugar-based excipients are classified into powders, direct compression sugars, crystals, syrups, and other forms. In terms of functionality, they serve as fillers and diluents, flavoring agents, tonicity agents, and other specialized applications. By formulation, sugar-based excipients are used in oral, parenteral, topical, and other pharmaceutical applications. Geographically, the market is divided into North America, Latin America, Europe, the Middle East and Africa, and East Asia.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterYouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these