Pharmaceutical Excipients Market (Type - Organic, and Inorganic; Functionality - Binders & Fillers, Coating Agents, Disintegrants, Flavoring Agents and Colorants, Lubricants and Glidants, Sweeteners, Preservatives & Antioxidants, and others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on pharmaceutical excipients market provides in-depth analysis of segments and sub-segments in the global as well as regional pharmaceutical excipients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pharmaceutical excipients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global pharmaceutical excipients market. According to the report, the global pharmaceutical excipients market is projected to grow at a CAGR of 5.85% over the forecast period of 2020-2026.

Market Insight

Pharmaceutical Excipient is an inactive substance formulated alongside the active pharmaceutical ingredient of a medication. This excipient has no medicinal properties. Its standard purpose is to streamline the manufacture of the drug product and ultimately facilitate physiological absorption of the drug. Excipients serve various purposes such as it provides bulk to the formulations, it facilitates drug formation, aid in handling of API during manufacturing, provide stability and prevent from denaturation and much other pharmaceutical consideration.

Increasing demand for functional excipients coupled with growth in the pharmaceutical industry to drive the pharmaceutical excipients market. The pharmaceutical industry around the world is rapidly expanding and the demand for the novel drug is on rising, also with increasing mergers & acquisitions companies around the world expanding their production capacities which in turn augmenting the high demand for pharmaceutical excipients. However stringent regulations and lengthy FDA approvals process are likely to hinder the growth of the pharmaceutical excipients market. Continuous research and development activities in developing new excipient functionalities and enhancing existing excipient functionalities will further help to create future growth opportunities. COVID-19 pandemic has severely affected the pharmaceutical excipient market. The global pharmaceutical industry is mainly dependent on raw materials and excipients are one of the major raw material required to manufacture the final drug. China is the major excipient provider in the global market, however, a major outbreak situation, the strict lockdown on personal movement and transport has led to a shortage in excipient production & distribution. Due to the disruption of the supply chain, many pharmaceutical industries around the word have decreased their production activities. 

Among the geographies, the pharmaceutical excipients market is segmented into North America, Europe, Asia Pacific, and RoW. The North America region dominates the global pharmaceutical excipients market owing to the high demand for new drug formulations, which results in high demand for excipients in the region. Furthermore, Europe is expected to hold a significant share in the global pharmaceutical excipients market due to the extensive R&D in healthcare across the region. The global pharmaceutical excipients market in the Asia Pacific region is projected to witness the fastest growth owing to the increasing number of pharmaceutical product manufacturers across the region. Latin America and Middle East & Africa is likely to expand at a healthy pace in the coming years owing to the rising disposable income along with increasing treatment rate is likely to boost demand for the pharmaceutical excipients market in the region.

Segment Covered

The report on the global pharmaceutical excipients market covers segments such as type and functionality. On the basis of type, the sub-markets include organic and inorganic. On the basis of functionality, the sub-markets include binders & fillers, coating agents, disintegrants, flavoring agents and colorants, lubricants and glidants, sweeteners, preservatives & antioxidants, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, Evonik Industries, Ashland Global Holdings Inc., Dow Chemical Company, Roquette Frères., Kerry Group PLC, Associated British Foods plc, lubrizol chemical company, Archer-Daniels-Midland Co, and Croda Industrial Chemical.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the pharmaceutical excipients market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.