Pharmaceutical Excipients Market Report and Forecast 2023-2031

The global pharmaceutical excipients market value was USD 8.3 billion in 2022, driven by the expanding pharmaceutical industry across the globe. The market size is anticipated to grow at a CAGR of 4.1% during the forecast period of 2023-2031 to achieve a value of USD 11.92 billion by 2031.

Pharmaceutical Excipients: Introduction

Pharmaceutical excipients are inert substances used in the formulation of drugs. They play a crucial role in drug delivery, stability, and overall effectiveness by facilitating drug absorption, enhancing solubility, and improving taste, texture, and appearance. Excipients are used in various dosage forms, including tablets, capsules, liquids, and injectables. Commonly used excipients include binders, fillers, disintegrants, lubricants, coatings, preservatives, and solvents.

The global pharmaceutical excipients market has been experiencing significant growth due to factors such as the expanding pharmaceutical industry, increasing demand for generic drugs, and advancements in drug delivery systems. Moreover, the rising prevalence of chronic diseases and the growing focus on biopharmaceuticals contribute to market growth.

Pharmaceutical Excipients Market Scenario

The global pharmaceutical excipients market is poised for significant growth as the demand for pharmaceutical products continues to rise. Factors such as the expanding pharmaceutical industry, increasing demand for generic drugs, and advancements in drug delivery systems contribute to the market's expansion. The market is characterized by regional dynamics shaped by pharmaceutical infrastructure, government support, and investment in research and development. However, challenges such as regulatory hurdles, the need for high-quality excipients, and supply chain complexities may impact market growth.

North America: The largest market for pharmaceutical excipients, driven by factors such as advanced pharmaceutical infrastructure, the presence of major pharmaceutical companies, and a robust research and development landscape.

Europe: The second-largest market, with increasing demand for excipients due to a growing elderly population, government support, and an expanding pharmaceutical sector.

Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in pharmaceutical infrastructure and research.

Pharmaceutical Excipients Market Segmentations

Market Breakup by Product Type

Polymers

• MCC
• HPMC
• Ethyl Cellulose
• Methyl Cellulose
• CMC
• Croscarmellose Sodium
• Povidone
• Pregelatinized starch
• Sodium starch glycolate
• Polyethylene Glycol
• Acrylic Polymers

Alcohols

• Glycerin
• Propylene Glycol
• Sorbitol
• Mannitol
• Others

Sugars

• Lactose
• Sucrose
• Others

Minerals

• Calcium Phosphate
• Calcium Carbonate
• Calcium Sulfate
• Clay
• Silicon Dioxide
• Titanium Dioxide
• Others
• Gelatins
• Others

Market Breakup by Functionality

Binders and Adhesives

• Organic
• Inorganic

Disintegrants

• Organic
• Inorganic

Coating Material

• Organic
• Inorganic

Colouring Agents

• Organic
• Inorganic

Solubilizers

• Organic
• Inorganic

Flavours

• Organic
• Inorganic

Sweetening Agents

• Organic
• Inorganic

Diluents

• Organic
• Inorganic

Lubricants

• Organic
• Inorganic

Buffers

• Organic
• Inorganic

Emulsifying Agents

• Organic
• Inorganic

Preservatives

• Organic
• Inorganic

Antioxidants

• Organic
• Inorganic

Sorbents

• Organic
• Inorganic

Solvents

• Organic
• Inorganic

Emollients

• Organic
• Inorganic

Glidants

• Organic
• Inorganic

Chelating Agents

• Organic
• Inorganic

Antifoaming Agents

• Organic
• Inorganic
• Others

Market Breakup by End User

• Pharmaceutical and Biopharmaceutical Companies
• Contract Formulators
• Research Organization and Academics
• Others

Market by Distribution Channel

• Direct Tender
• Retail Sales
• E-Commerce
• Others

Market Breakup by Region

North America

• United States of America
• Canada

Europe

• United Kingdom
• Germany
• France
• Italy
• Others

Asia Pacific

• China
• Japan
• India
• ASEAN
• Australia
• Others

Latin America

• Brazil
• Argentina
• Mexico
• Others

Middle East and Africa

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Key Trends in the Global Pharmaceutical Excipients Market

Some key trends of the market are as follows:

• Growing demand for generic drugs: With the increasing need for affordable medication, the demand for generic drugs is rising, driving the demand for pharmaceutical excipients
• Technological advancements: Innovations in drug delivery systems, such as nanotechnology and targeted drug delivery, are fostering the development of novel excipients
• Expansion of the pharmaceutical industry: The growing pharmaceutical industry, particularly in emerging markets, is propelling the demand for excipients

Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Kerry Group plc
• DFE Pharma
• Cargill
• Incorporated
• Pfanstiehl
• Colorcon
• MEGGLE GmbH & Co. KG
• Roquette Frères
• The Lubrizol Corporation
• BASF SE
• Avantor Inc
• BENEO
• Chemie Trade