Global pharmaceutical excipients market was worth USD 8 billion in 2021 and is further projected to reach USD 11.8 billion by the year 2028, growing at a CAGR of 5.80% during the forecast period i.e. 2022-2028. The growth of the market is attributed to the rising demand for medicines, the booming pharmaceutical industry, and the rising demand for pharmacological goods. Furthermore, the increasing lifestyle diseases like diabetes and obesity-related disorders reinforce the demand for medications globally.