The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pharmaceutical excipients market report forecasts the pharmaceutical excipients market size to grow to 11.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Pharmaceutical Excipients Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pharmaceutical-excipient-global-market-report

Pharmaceutical Excipients Market Size Forecast
The global pharmaceutical excipients market is expected to grow from $8.6 billion in 2022 to $9.11 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical excipients market is expected to grow from $11.55 billion in 2027 at a CAGR of 6.1%.

North America held the largest pharmaceutical excipients market share, and Middle East was the fastest-growing region in 2022.

Key Pharmaceutical Excipients Market Driver ­– Rise In The Demand For Generic Drugs
According to India Brand Equity Foundation (IBEF), India is the largest provider of generic medicines, the country’s generic drugs account for 20% of the global generic drug exports. Indian pharmaceutical companies received 300 generic drug approvals in the USA. The surge in the demand for generic drugs drives the pharmaceutical excipients market.

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Key Pharmaceutical Excipients Market Trend – Increasing Research And Development
The increase in research and development in pharmaceutical formulation to enhance the production process and product quality by using multi-functional excipients is a trend shaping the market. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness. For instance, Evonik’s newly launched EUDRAGIT FS 100 is a solid version of the existing EUDRAGIT FS 30 D. This new multi-functional version allows pharmaceutical companies to use the polymer in many new applications, such as hot-melt extrusion, solvent spray-drying, and solvent coating, which was impossible to achieve in past decades where only the aqueous version was available.

Pharmaceutical Excipients Market Segment
1) By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavouring Agents And Sweetners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
2) By Type Of Formulation: Oral Fromulation, Topical Formulation, Parental Formulation
3) By Product: Inorganic Chemicals, Organic Chemicals

Pharmaceutical Excipients Market Major Players and Strategies
Major players in the pharmaceutical excipients market are Archer Daniels Midland Co., Associated British Foods, Dow Chemical Company, Evonik, Croda International PLC., Ashland, BASF SE, The Lubrizol Corporation, and Roquette Frères.

In July 2021, Philip Morris International, a US-based cigarette and tobacco manufacturing company acquired Fertin Pharma for $820m. Through this acquisition, PMI will gain significant ability in developing, formulating, and marketing existing as well as new smoke-free platforms. Fertin Pharma is a Denmark-based company that manufactures pharmaceutical excipients.

The Pharmaceutical Excipients Global Market Report 2023 covers regional data on pharmaceutical excipients market size, pharmaceutical excipients market trends and drivers, opportunities, strategies, and pharmaceutical excipients market competitor analysis. The countries covered in the pharmaceutical excipients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pharmaceutical excipients refer to components of a drug delivery system that are not active pharmaceutical ingredients (API) but have undergone acceptable safety evaluation. Excipients, which are not active themselves, allow the drug ingredient to be administered to the patient in the proper form and support the mode and site of action.

View More Reports Related To The Pharmaceutical Excipients Market –
Pharmaceutical Drugs Global Market Report 2023
Pharmaceutical Processing Seals Global Market Report 2023
Pharmaceutical API Manufacturing Global Market Report 2023

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