PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076119
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076119
Pharmaceutical Excipients Market, By Product, By Functionality, By Formulation, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Pharmaceutical Excipients Market is Forecast to Grow at a CAGR of 5.80% in the Forecast Period
The pharmaceutical excipients market is growing at a high CAGR because of the thriving pharmaceutical sector, as well as considerable research and development efforts in this field…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the pharmaceutical excipients market was worth USD 8.0 billion in the year 2021. It is estimated to grow at a CAGR of 5.80%, earning revenue of around USD 11.8 billion by the end of 2028. The thriving pharmaceutical sector, as well as considerable research and development efforts in this field, are credited with the market's rise. Furthermore, the pharmaceutical excipients market is expected to benefit from the rising generics sector. However, the increasing cost of pharmaceutical excipients may act as a huge restraining factor for market growth.
Expanding Pharmaceutical Manufacturing Industry Is Driving The Pharmaceutical Excipients Market Growth
The pharmaceutical manufacturing industry is gaining significant momentum over the past few years, especially in emerging economies. Developing countries such as China, India, etc., are providing sanctions and subsidies to encourage manufacturers to establish their production plants in the countries. These developments are also attracting manufacturers due to their low-cost production and easy availability of human resources. Due to this, the pharmaceutical excipients market is projected to flourish in the forecast period.
Increasing Application Of Pharmaceutical Excipients In The Food Industry
The pharmaceutical excipients are gaining traction in the food industry. With the expanding food production industry, the demand for excipients is anticipated to surge several folds in the upcoming years. These ingredients are primarily used in food in improving how nutrients and active ingredients are accessed and absorbed by the body. They are also commonly used as additives in supplements for different purposes including changing the appearance of active substances, increasing their bioavailability, and increasing their stability.
Pharmaceutical Excipients Market - By Functionality
Based on functionality, the pharmaceutical excipients market is segmented into fillers & diluents, suspending & viscosity agents, coating agents, binders, flavoring agents & sweeteners, disintegrants, colorants, lubricants & glidants, preservatives, emulsifying agents, other functionalities. The fillers & diluents segment accounts for the largest market share. Diluents and fillers are widely used as a diluting agents as well as increasing the weight and improving content uniformity. With the increasing production of medicines, the demand for diluents and fillers is projected to increase in the forecast period.
Pharmaceutical Excipients Market - Regional Insights
Geographically, the pharmaceutical excipients market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe dominates the pharmaceutical excipients market because of the increased attention and investment in the generic medicine business. Furthermore, the pharmaceutical excipients market is expected to benefit from favorable government measures aimed at promoting the pharmaceutical industry's growth. The Asia-Pacific area, on the other hand, is expected to develop at the fastest rate throughout the forecast period.
Impact of COVID-19 on Pharmaceutical Excipients Market
The pharmaceutical excipients market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. The countries' sanctions have a direct impact on the pharmaceutical industry's operations by disrupting the flow of raw materials. As a result, during the initial outbreak, demand for pharmaceutical excipients dropped dramatically. The market, on the other hand, is expected to thrive in the post-lockdown era, thanks to increased drug consumption and the rising incidences of various medical conditions
Competitive Landscape
The leading market players of the pharmaceutical excipients market are Ashland, Croda International PLC, BASF SE, Archer Daniels Midland Company, DuPont, The Lubrizol Corporation, Roquette Freres, Associated British Foods PLC, Evonik Industries AG, Peter Greven GmbH & Co. KG, Pfanstiehl, Inc, Croda International Plc, BASF SE, Chemische Fabrik Budenheim, Archer-Daniels-Midland Company, and other prominent players. The market is fragmented with the presence of several global and regional industry players. The companies constantly launch new products and significantly invest in research and development activities to bring innovations into their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the pharmaceutical excipients market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the pharmaceutical excipients market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Pharmaceutical Excipients Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. GROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. The threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Pharmaceutical Excipients Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.1.1. Inorganic Chemicals
- 5.2.1.1.1. Calcium Phosphates
- 5.2.1.1.2. Calcium Carbonate
- 5.2.1.1.3. Calcium Sulfate
- 5.2.1.1.4. Halites
- 5.2.1.1.5. Metallic Oxides
- 5.2.1.1.6. Others
- 5.2.1.2. Organic Chemical
- 5.2.1.2.1. Carbohydrates
- 5.2.1.2.1.1. Sugars
- 5.2.1.2.1.2. Starch
- 5.2.1.2.1.3. Cellulose
- 5.2.1.2.2. Petrochemicals
- 5.2.1.2.2.1. Glycols (Alcohol)
- 5.2.1.2.2.2. Povidones Polymers
- 5.2.1.2.2.3. Mineral Hydrocarbons
- 5.2.1.2.2.4. Others
- 5.2.2. By Function
- 5.2.2.1. Fillers & Diluents
- 5.2.2.2. Suspension & viscosity agents
- 5.2.2.3. Binders
- 5.2.2.4. Coatings
- 5.2.2.5. Flavoring agents
- 5.2.2.6. Disintegrants
- 5.2.2.7. Others
- 5.2.3. By Formulation
- 5.2.3.1. Oral Formulations
- 5.2.3.2. Parenteral Formulations
- 5.2.3.3. Topical Formulations
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. The Asia-Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. The Middle East and Africa
- 5.2.1. By Product
6. North America Pharmaceutical Excipients Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Function
- 6.2.3. By Formulation
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
7. Europe Pharmaceutical Excipients Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Function
- 7.2.3. By Formulation
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
8. The Asia Pacific Pharmaceutical Excipients Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Function
- 8.2.3. By Formulation
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
9. Latin America Pharmaceutical Excipients Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Function
- 9.2.3. By Formulation
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
10. The Middle East & Africa Pharmaceutical Excipients Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Function
- 10.2.3. By Formulation
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of the Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global Pharmaceutical Excipients Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Ashland, Inc.
- 13.2. BASF SE
- 13.3. Associated British Foods Plc
- 13.4. Akzo Nobel N.V.
- 13.5. Roquette Freres
- 13.6. DuPont de Nemours
- 13.7. Innophos Holdings, Inc.
- 13.8. Evonik
- 13.9. Merck
- 13.10. The Lubrizol Corporation
- 13.11. Armor Pharma
- 13.12. J.M. Huber Corporation
- 13.13. Dow Chemicals Corporation
- 13.14. Merck Millipore
- 13.15. Daicel Corporation
- 13.16. Kerry
- 13.17. Croda International
- 13.18. Archer Daniels Midland
- 13.19. Other Prominent Players
14. Key Strategic Recommendations
List of Figures
- Figure 1 Global Pharmaceutical Excipients Segmentation
- Figure 2 Global Pharmaceutical Excipients Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 6 Global Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 7 Global Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 8 Global Pharmaceutical Excipients Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 11 North America Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 12 North America Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 13 North America Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 15 Europe Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 16 Europe Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 17 Europe Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 18 Europe Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 21 The Asia-Pacific Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 22 The Asia-Pacific Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 23 The Asia-Pacific Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 26 Latin America Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 27 Latin America Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 28 Latin America Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
- Figure 31 The Middle East & Africa Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
- Figure 32 The Middle East & Africa Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
- Figure 33 The Middle East & Africa Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
List of Tables
- Table 1 Global Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 2 Global Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 3 Global Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 4 Global Pharmaceutical Excipients Market Size, By Region, By Value, 2018-2028
- Table 5 North America Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 6 North America Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 7 North America Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 8 North America Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 10 Europe Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 11 Europe Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 12 Europe Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 14 The Asia-Pacific Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 15 The Asia-Pacific Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 16 The Asia-Pacific Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 18 Latin America Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 19 Latin America Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 20 Latin America Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
- Table 22 The Middle East & Africa Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
- Table 23 The Middle East & Africa Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
- Table 24 The Middle East & Africa Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
- Table 25 Ashland, Inc. Company Overview
- Table 26 Ashland, Inc. Financial Overview
- Table 27 BASF SE Company Overview
- Table 28 BASF SE Financial Overview
- Table 29 Akzo Nobel N.V. Company Overview
- Table 30 Akzo Nobel N.V. Financial Overview
- Table 31 Roquette Freres Company Overview
- Table 32 Roquette Freres Financial Overview
- Table 33 Innophos Holdings, Inc. Company Overview
- Table 34 Innophos Holdings, Inc. Financial Overview
- Table 35 Merck Company Overview
- Table 36 Merck Financial Overview
- Table 37 The Lubrizol Corporation Company Overview
- Table 38 The Lubrizol Corporation Financial Overview
- Table 39 Armor Pharma Company Overview
- Table 40 Armor Pharma Financial Overview
- Table 41 J.M. Huber Corporation Company Overview
- Table 42 J.M. Huber Corporation Financial Overview
- Table 43 Dow Chemicals Corporation Company Overview
- Table 44 Dow Chemicals Corporation Financial Overview
- Table 45 Merck Millipore Company Overview
- Table 46 Merck Millipore Financial Overview
- Table 47 Daicel Corporation Company Overview
- Table 48 Daicel Corporation Financial Overview
- Table 49 Kerry Company Overview
- Table 50 Kerry Financial Overview
- Table 51 Croda International Company Overview
- Table 52 Croda International Financial Overview
- Table 53 Archer Daniels Midland Company Overview
- Table 54 Archer Daniels Midland Financial Overview
