Alcohol Excipients Global Market Report 2024

The alcohol excipients market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be ascribed to several factors including a heightened preference among consumers for self-medication, an upsurge in global healthcare expenditures, the expansion of personalized medicine, the rise of biologics, and an enhanced consumer consciousness regarding health and wellness.

The alcohol excipients market size is expected to see strong growth in the next few years. It will grow to $4.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. In the forecast period, growth is anticipated due to various factors such as the escalating prevalence of chronic illnesses, increased investments in pharmaceutical research and development, a growing emphasis on patient-centric formulations and personalized medicine, heightened consumption of medicinal drugs, and the expanding elderly demographic. Notable trends in the forecast period encompass the adoption of natural and plant-based alcohol excipients, advancements in technology, the development of controlled-release formulations, the utilization of multifunctional excipients, and progress in personalized medicine.

The growth of the alcohol excipients market is anticipated to be driven by the rising consumption of medical drugs. These drugs, utilized for diagnosis, treatment, prevention, or health enhancement, are increasingly integrated into everyday life due to factors such as the aging population, medicalization trends, and healthcare system incentives. Alcohol excipients play a crucial role in pharmaceutical formulations, enhancing drug solubility, stability, transport, and palatability, thus ensuring the effectiveness and acceptance of medicinal medications. For example, in December 2022, the Government of Canada reported a 5.7% increase in patented medication sales, reaching $18.4 billion, underscoring the influence of escalating medical drug consumption on the alcohol excipients market's expansion.

Leading players in the alcohol excipients market prioritize innovation, focusing on advanced technologies such as direct compression to meet evolving industry needs efficiently. Direct compression, a tablet manufacturing method that directly compresses powders, including alcohol-based excipients, into tablets without granulation, is gaining traction. For instance, in November 2022, Roquette Frères introduced PEARLITOL CR-H, a blend of hydroxypropyl methylcellulose (HPMC) and mannitol designed specifically for direct compression in medicinal tablet formulations. This innovative excipient enables the gradual release of active pharmaceutical ingredients (APIs) without conventional wet granulation techniques, streamlining tablet production by enhancing powder mixture flowability and compressibility while facilitating controlled-release medication development.

In April 2021, Aceto Corporation, a US-based chemical firm, acquired A&C Limited to expand its manufacturing and packaging capabilities, enrich its biopharmaceutical product portfolio, and enhance customer support throughout the drug development process. A&C Limited, a Canada-based excipient manufacturer specializing in alcohol excipients, aligns with Aceto Corporation's strategic goals for growth and innovation in the pharmaceutical sector.

Major companies operating in the alcohol excipients market are Cargill Inc., Archer Daniels Midland Company, The Dow Chemical Company, Honeywell International Inc., Mitsubishi Chemical Holdings Corporation, Merck KGaA, Kerry Group plc, Lonza Group Ltd., The Lubrizol Corporation, Clariant AG, IMCD NV, Azelis Group NV, Roquette Frères SA, Croda International Plc, BASF SE, ABITEC Corporation, Duchefa Farma B.V., Signet Chemical Corporation Pvt. Ltd., Pharm Rx Chemical Corporation, HRV Global Life Sciences Private Limited.

Asia-Pacific was the largest region in the alcohol excipients market in 2023. The regions covered in the alcohol excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the alcohol excipients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Alcohol excipients serve as inactive substances utilized alongside active pharmaceutical ingredients (APIs) to enhance drug formulation and delivery. They function as solvents or carriers, enhancing drug solubility, stability, and absorption, thereby playing a critical role in ensuring the efficacy and safety of pharmaceutical products by facilitating regulated release and consistent bioavailability.

Common types of alcohol excipients include sorbitol, mannitol, propylene glycol, glycerin, and others. Sorbitol, a sugar alcohol, finds widespread use in pharmaceuticals and personal care items. Its diverse applications span various sectors such as pharmaceuticals, personal care, cosmetics, and others, distributed through channels such as direct tender or retail sales.

The alcohol excipients market research report is one of a series of new reports that provides alcohol excipients market statistics, including alcohol excipients industry global market size, regional shares, competitors with a alcohol excipients market share, detailed alcohol excipients market segments, market trends and opportunities, and any further data you may need to thrive in the alcohol excipients industry. This alcohol excipients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The alcohol excipients market consists of sales of isopropyl alcohol, ethanol, and benzyl alcohol. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.