The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Organic Pharmaceutical Excipients Global Market Report 2024, the organic pharmaceutical excipients market is expected to show significant growth in the forecast period.

The organic pharmaceutical excipients market has witnessed significant growth, driven by factors such as increased demand for drug formulations, patient acceptance, and regulatory compliance. Valued at $10.36 billion in 2023, the market is expected to reach $11.38 billion in 2024, with a compound annual growth rate (CAGR) of 9.8%. This growth trajectory is projected to continue, reaching $16.07 billion by 2028, with a CAGR of 9.0%.

Growing Healthcare Expenditure Fosters Market Growth
The increasing healthcare expenditure is a key driver of market growth. Healthcare expenditure encompasses the total amount of resources, including financial resources, spent on healthcare goods and services within a specific period in a given geographical area. Elevated healthcare spending is associated with heightened research and development (R&D) efforts in the pharmaceutical sector, fostering the creation of novel drugs and formulations and subsequently fueling the need for sophisticated and compatible organic pharmaceutical excipients.

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Label-Friendly Excipients Transforming the Market
Label-friendly excipients for nutritional products are a key trend in the organic pharmaceutical excipients market. Companies are focused on using label-friendly excipients in the formulation of nutritional products to meet consumers’ clean labeling expectations without compromising on quality and functionality.

Roquette Acquires Crest Cellulose Pvt. Ltd.
In September 2022, Roquette, a France-based manufacturer of plant-based pharmaceutical excipients, acquired Crest Cellulose Pvt. Ltd. This acquisition aims to deliver pharmacopeia-compliant, premium-grade, and fully traceable solutions that effectively address complex drug delivery challenges. Crest Cellulose Pvt. Ltd. specializes in cellulose-based excipients for the pharmaceutical industry.

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