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What Is the Growth Rate of the Sugar-Based Excipients Market?
There has been a consistent rise in the size of the sugar-based excipients market in the last few years. The forecast indicates growth from $1.43 billion in 2024 to $1.50 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.5%. This progress during the historical period can be credited to factors like the expansion of the pharmaceutical industry, amplified demand for pediatric and geriatric formulations, the surge in chronic diseases, increased use of nutraceuticals, and enhanced requirements for solubility and stability.
What Growth Rate Is Forecasted for the Sugar-Based Excipients Market by 2029?
The market size for sugar-based excipients is predicted to grow consistently in the upcoming years. It is projected to reach $1.76 billion by 2029, with a CAGR of 4.1%. The expected growth for this period is due to an increase in demand for oral solid dosage forms, expansion in the nutraceutical industries, growing usage of sugar-based excipients in pediatric and geriatric medications, heightened incidence of chronic illnesses and the need for associated medication, as well as an expanding elderly population. Key trends projected in this period encompass the improvement of functional excipients, a trend towards non-GMO and natural components, technological progress, betterment in orally disintegrating tablets (ODTs), and the incorporation of sugar alcohols.
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Which Key Companies Are Shaping the Future of the Sugar-Based Excipients Market?
Major companies operating in the sugar-based excipients market are Cargill Incorporated, Archer Daniels Midland Company, Associated British Foods PLC, DuPont de Nemours Inc., IFF Pharmaceuticals Solutions, Ingredion Incorporated, Tereos S.A., Roquette Frères S.A., IMCD N.V., The Lubrizol Corporation, Ashland Global Holdings Inc., Tate & Lyle PLC, Colorcon Inc., DFE Pharma, Emilio Castelli S.R.L., Pfanstiehl Inc., Meggle AG, Scope Ingredients Pvt. Ltd., Citron Scientific, MB Sugars & Pharmaceuticals
Which Factors Are Driving Demand in the Sugar-Based Excipients Industry?
The increasing trend towards pharmaceuticals is projected to spur the expansion of the sugar-based excipients market in the future. With a focus on research, development, production, and promotion of drugs to enhance health consequences, the pharmaceutical sector is rapidly expanding. This surge in demand can be attributed to the growth in the need for innovative therapy methods, advancement in drug formation technologies, and mounting global health requirements. Sugar-based excipients take on the role of fillers, binders, and stabilizers in pharmaceuticals, improving the drug’s overall formulation, taste, and absorption ability. As an example, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that the total pharmaceutical production in Europe, in June 2023, amounted to $384,200 million (€340,000 million) in 2022, marking an approximate increase of 4.95% from the preceding year’s 366,267 million (€323,950 million). Thus, the rising prominence of pharmaceuticals is contributing to the expansion of the market for sugar-based excipients.
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How Is the Sugar-Based Excipients Market Segmented by Several Divisions?
The sugar-based excipients market covered in this report is segmented –
1) By Product: Actual Sugar, Artificial Sweeteners, Sugar Alcohol
2) By Dosage Form: Liquid Dosage Forms, Semi-Solid Dosage Forms, Solid Dosage Forms
3) By Application: Diluents, Fillers, Tonicity Agents, Flavoring Agents
4) By End User: Pharmaceutical Industry, Food And Beverage Industry, Cosmetics And Personal Care Industry
Subsegments:
1) Actual Sugar: Sucrose, Lactose, Dextrose, Fructose, Other Actual Sugars
2) Artificial Sweeteners: Aspartame, Saccharin, Sucralose, Acesulfame K, Other Artificial Sweeteners
3) Sugar Alcohol: Mannitol, Sorbitol, Xylitol, Maltitol, Other Sugar Alcohols
What are the Emerging Market Trends Driving the Growth of the Sugar-Based Excipients Industry?
Leading firms in the sugar-based excipients market are shifting their focus towards innovative products, like next-generation mannitol goods, in order to boost drug stability, augment solubility, and maximize formulation effectiveness for pharmaceutical uses. These advanced mannitol formulations aim to bolster drug stability, raise solubility, and enhance tablet compression, hence improving the performance of pharmaceuticals. Roquette Freres, a food company based out of France, introduced PEARLITOL CR-H and PEARLITOL 200 GT in October 2022. These are two next-generation, mannitol-based excipients engineered for direct compression in pharmaceutical compositions. Such innovations primarily improve tablet processability, controlled release, and fast-track manufacturing, thereby presenting new answers to the challenges faced in drug formulation.
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Which Regions Are Driving Growth in the Sugar-Based Excipients Market?
North America was the largest region in the sugar-based excipients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sugar-based excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the sugar-based excipients market, and how is it changing globally?
2. Who are the major companies in the sugar-based excipients market, and how are they performing?
3. What are the key opportunities and risks in the sugar-based excipients market right now?
4. Which products or customer segments are growing the most in the sugar-based excipients market?
5. What factors are helping or slowing down the growth of the sugar-based excipients market?
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