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.
Market Dynamics:
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
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Market Segmentation:
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:
3.1 Powders/Granules
3.2 Direct Compression Sugars
3.3 Crystals
3.4 Syrups
4. By Product:
4.1 Actual Sugars
4.2 Sugar Alcohols
4.3 Artificial Sweeteners
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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
Competitive Landscape:
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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