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How has the alcohol excipients market grown over the years?

The alcohol excipients market is expected to grow from $2.88 billion in 2024 to $3.16 billion in 2025 at a CAGR of 9.9%. The growth is driven by rising self-medication trends, increased healthcare spending, the growth of personalized medicine, expanding biologics use, and greater consumer awareness about health and wellness.

What Is the forecasted market size and growth rate for the alcohol excipients market?

The alcohol excipients market is expected to grow to $4.54 billion by 2029, at a CAGR of 9.5%. This growth is due to the increasing prevalence of chronic diseases, rising pharmaceutical R&D investments, a focus on patient-centric formulations, growing drug consumption, and an aging population. Key trends include natural and plant-based excipients, controlled-release formulations, multifunctional excipients, and advancements in personalized medicine.

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What are the major factors driving growth in the alcohol excipients market?

The increasing consumption of medical drugs is expected to spur the growth of the alcohol excipients market. This growth is driven by the aging population and the expanding healthcare system. Alcohol excipients enhance drug stability and effectiveness. For example, in December 2022, the Government of Canada reported that sales of patented medications increased by 5.7% in 2022, totaling $18.4 billion. The increasing consumption of medical drugs is fueling the growth of the alcohol excipients market.

What key areas define the segmentation of the global alcohol excipients Market?

The alcohol excipients market covered in this report is segmented –

1) By Type: Sorbitol, Mannitol, Propylene Glycol, Glycerin, Other Types

2) By Application: Pharmaceutical, Personal Care, Cosmetics, Other Applications

3) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels

Subsegments:

1) By Sorbitol: Liquid Sorbitol, Powdered Sorbitol

2) By Mannitol: Crystalline Mannitol, Powdered Mannitol

3) By Propylene Glycol: Pharmaceutical Grade Propylene Glycol, Food Grade Propylene Glycol

4) By Glycerin: Vegetable Glycerin, Synthetic Glycerin

5) By Other Types: Ethanol, Isopropyl Alcohol, Polyethylene Glycol, Other Alcohol-based Excipients

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What are the top market players propelling the growth of the alcohol excipients industry?

Major companies operating in the alcohol excipients market are Cargill Inc., Archer Daniels Midland Company, The Dow Chemical Company, Honeywell International Inc., Mitsubishi Chemical Holdings Corporation, Merck KGaA, Kerry Group plc, Lonza Group Ltd., The Lubrizol Corporation, Clariant AG, IMCD NV, Azelis Group NV, Roquette Frères SA, Croda International Plc, BASF SE, ABITEC Corporation, Duchefa Farma B.V., Signet Chemical Corporation Pvt. Ltd., Pharm Rx Chemical Corporation, HRV Global Life Sciences Private Limited

What are the key trends shaping the future of the alcohol excipients market?

Companies in the alcohol excipients market are adopting innovative technologies like direct compression to enhance efficiency and meet industry demands. Direct compression involves compressing powders, including alcohol-based excipients, directly into tablets without granulation. For example, in November 2022, Roquette Frères, a French chemical company, launched PEARLITOL CR-H, a combination of HPMC and mannitol designed for direct compression. This excipient streamlines tablet manufacturing and facilitates controlled-release medications.

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What regions are dominating the alcohol excipients market growth?

Asia-Pacific was the largest region in the alcohol excipients market in 2023. The regions covered in the alcohol excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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