Global Sugar-Based Excipients Market Size By Formulation (Oral Formulations, Parenteral Formulations), By Functionality (Fillers And Diluents, Flavoring Agents), By Type (Powders/Granules, Direct Compression Sugars), By Product (Actual Sugars, Sugar Alcohols), By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Sugar-Based Excipients Market Size By Formulation (Oral Formulations, Parenteral Formulations), By Functionality (Fillers And Diluents, Flavoring Agents), By Type (Powders/Granules, Direct Compression Sugars), By Product (Actual Sugars, Sugar Alcohols), By Geographic Scope And Forecast
Sugar-Based Excipients Market Size And Forecast
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.
Growing use of co-Processed Excipients in the pharmaceutical industry and an increasing number of pediatric and geriatric patients across the globe are boosting use of sugar-based excipients. Also, wide number of oral formulations in the market such as syrups and tablets are fueling growth of sugar-based excipients. The Global Sugar-Based Excipients Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Sugar-Based Excipients Market Definition
Excipients are inactive ingredients used in the formulation to support the active pharmaceutical ingredients. The pharmaceutical industry uses various types of sugars especially sucrose in large quantities as it is cheap, easy to process, bulking and a good taste carrier substance. Excipients are useful in the manufacturing process, in concern with flowability, in vitro stability, and many more. Excipients are resent in different types such as diluents, sweeteners, anti-adherent, thickening agents, coloring agents, etc. sugar is the excipient mostly used in the oral formulation. Sugar-Based Excipients are mostly used in antibiotics and syrup formulation. Cough drop and lozenges as well as various tablets such as vitamins and many tablets intended for pediatric use contain approximately 50% sugar and syrup contains 50-80% sugar. Sugar-Based Excipients are classified as actual sugar, artificial sweeteners, and sugar alcohol.
Sugar-Based Excipients act as fillers, tonicity modifiers, diluents, and sweeteners in the pharmaceutical formulation. Among all kinds of Sugar-Based Excipients, Mannitol is considered an expensive excipient it is used in chewable tablets such as lozenges to provide a refresh sensation. And usage of Mannitol in a wide range of dosages is generating huge opportunities for the sugar alcohol segment. Various forms of Sugar-Based Excipients are available in the market such as granular, powder, crystal, syrup, and others. But in some cases, impurities coming with Sugar-Based Excipients can be harmful to the patients. Even in some cases, impurity has the tendency to stimulate a dangerous immune response in patients.
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Global Sugar-Based Excipients Market Overview
Growing new drug developments and increasing the use of excipients and co-processed excipients to improve bioavailability, dissolution, and disintegration of Active Pharmaceutical Ingredients (API). furthermore, an increasing number of geriatric and pediatric populations are boosting the growth of the Sugar-Based Excipients Market. Moreover, the rapidly growing generic sector due to the patent expiry of many standard drugs is demanding the use of Sugar-Based Excipients.
Furthermore, the growing adaptability of alcohol-based sugar excipients in developing formulation technology such as orally disintegration tablets and others is fueling the demand for sugar-based excipients. The majority of formulations are taken by oral route and to skip the bitter taste of the drug and formulation Sugar-Based Excipients are prominently used especially in the case of the pediatric formulation. Also, to provide bulkiness for tablets and as a thickening agent in syrup sugar-based excipients are used thus; more number of such formulations is driving the market growth of sugar-based excipients. On the contrary, the shortage of FDA- approved manufacturing sites due to stringent regulation hinders the market growth of sugar-based excipients.
Global Sugar-Based Excipients Market Segmentation Analysis
The Global Sugar-Based Excipients Market is segmented based on Formulation, Functionality, Type, Product, And Geography.
Sugar-Based Excipients Market, By Formulation
• Oral Formulations• Parenteral Formulations• Topical Formulations• Other Formulations
Based on Formulation, the market is segmented into, Oral Formulations, Parenteral Formulations, Topical Formulations, and Other Formulations. Among this entire segmentation, oral formulation is holding the largest share of the Sugar-Based Excipients Market as real sugars are predominantly used in oral formulation due to their negligible response to medications and nontoxic nature.
Sugar-Based Excipients Market, By Functionality
• Fillers & Diluents• Flavoring Agents• Tonicity Agents• Other Functionalities
Based on Functionality, the market is segmented into Fillers & Diluents, Flavoring Agents, Tonicity Agents, and Other Functionalities. Fillers and diluents are accounted for holding the largest share in the Sugar-Based Excipients Market. As in many formulations such as tablets to make up the volume of API Fillers and diluents are used and sugar is more compatible with any kind of API, used as a diluent or filler.
Sugar-Based Excipients Market, By Type
• Powders/Granules• Direct Compression Sugars• Crystals• Syrups
Based on Type, the market is segmented into Powders/Granules, Direct Compression Sugars, Crystals, and Syrups. Powers/Granules are expected to hold the largest share in the market. As Powders/Granules type are used to skip the taste of pediatric formulation and increase in the number of pediatric patients is fueling the market growth. Also, the increasing geriatric population is boosting the demand for the Powders/Granules segment.
Sugar-Based Excipients Market, By Product
• Actual Sugars• Sugar Alcohols• Artificial Sweeteners• others
Based on Product, the market is segmented into Actual Sugars, Sugar Alcohols and Artificial Sweeteners. Among these entire segments, actual sugar is accounted for holding the largest market share in the Sugar-Based Excipients Market. Actual sugar has a wide range of applications as an excipient such as sweetening agents, fillers and diluents, flavoring agents, and thickening agents.
Sugar-Based Excipients Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Regional Analysis, the Global Sugar-Based Excipients Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Europe is holding the largest share in the Sugar-Based Excipients Market due to the growing use and production of generic drugs, increasing investment in drug developments by key market players, and favorable government initiatives. Asia-Pacific is growing at the fastest pace because of favorable healthcare policies by governments and increasing significant base and capabilities.
Key Players
The “Global Sugar-Based Excipients Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Ashland Inc., Archer Daniels Midland Company, BASF SE, DFE Pharma, Roquette Group, Associated British Foods PLC, Cargill, Inc., Colorcon Inc., FMC Corporation, The Lubrizol Corporation, Meggle AG.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• Micropallets were coated by Kollicoat Smartseal 30D, manufactured by BASF-SE for taste-masking in the liquid oral dosage form.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Ashland Inc., Archer Daniels Midland Company, BASF SE, DFE Pharma, Roquette Group, Associated British Foods PLC. |
SEGMENTS COVERED | By Formulation, By Functionality, By Type, By Product, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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