Absolute Market Insights recent analysis of the Pharmaceutical Excipient Market finds that the increasing demand from the driven by the rising demand for medicines and biopharmaceuticals products is expected to witness maximum growth in the Pharmaceutical Excipient Market during the forecast period. The global Market revenue stood at a value USD 7.9 Bn in the year 2021.
Market Synopsis
Pharmaceutical excipients are inert substances, other than the pharmacologically active drug, which are included in the manufacturing process or are present in the pharmaceutical product dosage form. Excipients are widely used in drug formulation to provide long-term stability, add bulkiness to solid formulations and facilitate drug absorption. They also enhance the overall safety or functionality of the product during storage or use.
Pharmaceutical Excipient Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Pharmaceutical Excipient Market is predicted to grow at a CAGR of roughly 5.71% during the forecast period.
- The Pharmaceutical Excipient Market was estimated to be worth roughly 7.9 Bn in 2021 and is expected to reach USD 12.32 Bn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Pharmaceutical Excipient Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Pharmaceutical Excipient Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Excipients are widely used in the formulation to achieve better functionalities such as longer shelf-life, and also render competitive advantage. The increasing cases of oncological disease, neurological diseases and other rare diseases such as gabry disease, gaucher disease have raised the adoption of orphan drugs. This has created a demand for multi-functional excipients as they play an important role in the development of intelligent drug delivery systems, thereby leading to the improvement of the achieved therapeutic effect.The increasing geriatric population across the globe and rising prevalence of chronic diseases has raised the demand for medicines.
Restraint:
Higher production cost and stringent government regulations are likely to impede the overall growth.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Pharmaceutical Excipient Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America dominated the global pharmaceutical excipient market in 2021. The increasing demand for orphan drugs in the region is a major factor contributing to the market growth. Moreover, the increasing research & development in the sector along with increased focus of key players on the launch of new products and other strategic initiatives is fuelling the market growth. For instance, In April 2019, Colorcon, Inc. (U.S.) signed an agreement with DuPont Nutrition and Biosciences (U.S.) in order to enhance the current product portfolio of CR Alliance products. Moreover, in U.S, demand for pharmaceuticals has fuelled the growth of drug production, and consequently, excipient consumption.
List of Prominent Players in Pharmaceutical Excipient Market:
- ADM
- Armor Pharma
- Asahi Kasei India Pvt. Ltd.
- BASF Corporation
- BENEO
- Biogrund GmbH
- Chemische Fabrik Budenheim KG
- Daicel Corporation
- Evonik Industries AG
- Kerry
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Pharmaceutical Excipient Market?
- How will the Pharmaceutical Excipient Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Pharmaceutical Excipient Market?
- What is the Pharmaceutical Excipient Market drivers and restrictions?
- What will be the CAGR and size of the Pharmaceutical Excipient Market throughout the forecast period?
This market titled Pharmaceutical Excipient Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Origin
- Organic Chemical,
- Inorganic Chemical,
- Others
- By Functionality
- Fillers & Diluents,
- Binders,
- Suspension & Viscosity Agents,
- Coatings,
- Flavoring Agents,
- Disintegrants,
- Colorants,
- Lubricants & Glidants,
- Preservatives,
- Sweeteners,
- Others
- By Formulation
- Oral,
- Solid Dosage,
- Liquid Dosage,
- Topical,
- Parenteral,
- Others
- By Distribution Channel
- Direct,
- Indirect
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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