The global Sugar-Based Excipients market was valued at USD 859.96million in 2016 and is projected to reach USD 1253.97millionby 2025, growing at a CAGR of 4.28% from 2017 to 2025.
Sugar Based Excipients are commonly defined as the additives used to convert pharmacologically active compounds into a pharmaceutical dosage form suitable for administering to patients. They are useful both as diluent of the active drug and processing aid for the formulation. The market is expected to grow during the forecast period.
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1. Market Drivers
1.1 Increasing Use of Co-Processed Excipients
1.2 Patent Cliffs Driving the Demand for Sugar Excipients in the Generics Market
1.3 Increasing Development of Orally Disintegrating Tablets (ODTS)
2. Market Restraints
2.1 Increased Regulatory Requirements Leading to Shortage of FDA-Approved Manufacturing Sites
1. By Formulation:
1.1 Oral Formulations
1.2 Parenteral Formulations
1.3 Topical Formulations
1.4 Other Formulations
2. By Functionality:
2.1 Fillers & Diluents
2.2 Flavoring Agents
2.3 Tonicity Agents
2.4 Other Functionalities
3. By Type:
3.2 Direct Compression Sugars
4. By Product:
4.1 Actual Sugars
4.2 Sugar Alcohols
4.3 Artificial Sweeteners
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Ashland Inc.
2. Archer Daniels Midland Company
3. BASF SE
4. DFE Pharma
5. Roquette Group
6. Associated British Foods PLC
7. Cargill, Inc.
8. Colorcon Inc.
9. FMC Corporation
10. The Lubrizol Corporation
11. Meggle AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Sugar-Based Excipientsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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