Pharmaceutical Excipients Market

Pharmaceutical Excipients Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Product (Organic Chemicals, Inorganic Chemicals, Other Chemicals), By Functionality (Fillers & Diluents, Suspending & Viscosity Agents, Coating Agents, Binders, Flavoring Agents & Sweeteners, Disintegrants, Colorants, Lubricants & Glidants, Preservatives, Emulsifying Agents, Other Functionalities), By Formulation (Oral Formulations, Topical Formulations, Parenteral Formulations, Other Formulations), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)
- Published Date: April 2022
- Report ID: BWC22111
- Available Format: PDF
- Page: 188
Report Overview
Global pharmaceutical excipients market is gaining significant traction owing to the flourishing pharmaceutical industry along with extensive research and development activities in this field and expanding generics industry...
Global Pharmaceutical Excipients Market- Industry Trends & Forecast Report 2028
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.
Pharmaceutical Excipients - Overview
An Excipient is a pharmacologically inactive substance having no therapeutic properties that improve the tablet’s formulation. Excipients help pharmaceutical ingredients for better functionalities like longer shelf-life, and they are important to deliver a drug within the body. The main excipients used in the pharmaceutical industry are starch, gelatin, magnesium stearate, talc, sucrose, polyethylene glycol, stearic acid, silicone, etc.
Pharmaceutical Excipients Market Forecast and Trends
Growth Drivers
Rising Demand for Biopharmaceuticals In Healthcare
The rising demand for biopharmaceuticals in the industry is emerging as a major driving factor for the pharmaceutical excipients market because of their similarity to a natural biological component that is found in the human body. They are increasingly being used for various purposes including the manufacture of vaccines, blood and blood components, body cells and tissues, etc. The extensive research and development activities for producing biopharmaceutical products are anticipated to fuel the demand for pharmaceutical excipients, propelling the overall market growth.
Increasing Demand for Medicines and Medicinal Products
The rising demand for medicines and medicinal products owing to the increasing prevalence of various medical conditions is significantly propelling the demand for pharmaceutical excipients. The healthcare facilities such as public hospitals are now keeping more stocks of medicines compared to pre-COVID-19 periods. According to the Oxford Business Group, this growth in demand is attributed to rising incidences of various communicable and non-communicable diseases including diabetes, hypertension, AIDS, malaria, etc.
Restraints
Increasing Cost of Pharmaceutical Excipients
The cost of pharmaceutical excipients is surging at a high rate owing to the expanding pharmaceutical industry and increasing demand and supply gap in the market. This may emerge as a major challenge for the growth of the pharmaceutical excipients market. Drug manufacturers are constantly raising alarms regarding the increasing prices of these raw materials, which are also directly influenced by the taxes or freight rates imposed on them.
Impact of COVID-19 on Pharmaceutical Excipients Market
The pharmaceutical excipients market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. The lockdown imposed by the countries directly influences the operations of the pharmaceutical industry by hindering the smooth supply of raw materials. As a result, the demand for pharmaceutical excipients registered a significant drop during the initial outbreak. However, the market is projected to flourish in the post lockdown period owing to the increasing consumption of medicines, expanding use of excipients in Covid vaccines, and the rising prevalence of various types of diseases.
Pharmaceutical Excipients Market - By Product
Based on product, the pharmaceutical excipients market is segmented into organic chemicals, inorganic chemicals, and other chemicals. The organic chemicals segment is further classified into oleochemicals, carbohydrates, petrochemicals, proteins, and others. The inorganic chemicals segment is also further classified into calcium phosphate, metal oxides, halites, calcium carbonate, calcium sulfate, and others. The organic chemicals segment accounts for the largest market share.
Pharmaceutical Excipients Market - By Formulations
Based on formulations, the pharmaceutical excipients market is segmented into oral formulations, parenteral formulations, topical formulations, and other formulations. The oral formulations segment accounts for the largest market share owing to its wide range of applications for the treatment of many medical conditions. The demand for tablets and capsules is highest in the healthcare industry since they are considered faster and better compared to other formulations.
Pharmaceutical Excipients Market - Regional Insights
Geographically, the pharmaceutical excipients market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe dominates the pharmaceutical excipients market owing to the rising focus and investment towards the expansion of the generic drug industry. Furthermore, favorable government initiatives towards the proliferating pharmaceutical industry are also anticipated to present significant growth opportunities to the pharmaceutical excipients market. However, the Asia-Pacific region is projected to witness the highest growth rate during the forecast period.
Competitive Landscape
The leading market players in the pharmaceutical excipients market are Ashland, Croda International PLC, BASF SE, Archer Daniels Midland Company, DuPont, The Lubrizol Corporation, Roquette Frères, Associated British Foods PLC, Evonik Industries AG, Peter Greven GmbH & Co. KG, Pfanstiehl, Inc, Croda International Plc, BASF SE, Chemische Fabrik Budenheim, Archer-Daniels-Midland Company, and other prominent players. The market is fragmented with the presence of several global and regional industry players. The companies constantly launch new products and significantly invest in research and development activities to bring innovations into their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
Recent Development
- In November 2021, Gattefosse, a French chemical manufacturing company, announced the launch of three new pharmaceutical ingredients; Labrafac MC60 and Gelucire 59/14, for the oral administration route and Emulfree Duo for the topical administration route.
- In August 2021, SPI Pharma, a US-based pharma company, announced the introduction of UltraBurst, an excipient platform intended for flash orally disintegrating tablets (ODTs).
Scope of the Report
Attributes | Details |
Years Considered | Historical data – 2018-2021 |
Base Year – 2021 | |
Forecast – 2022 – 2028 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product Service/Segmentation | By Product, By Functionality, By Formulation, By Region |
Key Players | Ashland, Croda International PLC, BASF SE, Archer Daniels Midland Company, DuPont, The Lubrizol Corporation, Roquette Frères, Associated British Foods PLC, Evonik Industries AG, Peter Greven GmbH & Co. KG, Pfanstiehl, Inc, Croda International Plc, Chemische Fabrik Budenheim, and other prominent players. |
By Product
- Organic Chemicals
- Oleochemicals
- Carbohydrates
- Petrochemicals
- Proteins
- Others
- Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Halites
- Calcium Carbonate
- Calcium Sulfate
- Others
- Other Chemicals
By Functionality
- Fillers & Diluents
- Suspending & Viscosity Agents
- Coating Agents
- Binders
- Flavoring Agents & Sweeteners
- Disintegrants
- Colorants
- Lubricants & Glidants
- Preservatives
- Emulsifying Agents
- Other Functionalities
By Formulation
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Pharmaceutical Excipients Market Insights
- Industry Value Chain Analysis
- GROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Pharmaceutical Excipients Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- Inorganic Chemicals
- Calcium Phosphates
- Calcium Carbonate
- Calcium Sulfate
- Halites
- Metallic Oxides
- Others
- Organic Chemical
- Carbohydrates
- Sugars
- Starch
- Cellulose
- Petrochemicals
- Glycols (Alcohol)
- Povidones Polymers
- Mineral Hydrocarbons
- Others
- Carbohydrates
- Inorganic Chemicals
- By Function
- Fillers & Diluents
- Suspension & viscosity agents
- Binders
- Coatings
- Flavoring agents
- Disintegrants
- Others
- By Formulation
- Oral Formulations
- Parenteral Formulations
- Topical Formulations
- By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East and Africa
- By Product
- Market Size & Forecast by Value, 2018-2028
- North America Pharmaceutical Excipients Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Function
- By Formulation
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Pharmaceutical Excipients Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Function
- By Formulation
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- The Asia Pacific Pharmaceutical Excipients Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Function
- By Formulation
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Pharmaceutical Excipients Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Function
- By Formulation
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- The Middle East & Africa Pharmaceutical Excipients Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Function
- By Formulation
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of the Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership.)
- Impact of COVID-19 on Global Pharmaceutical Excipients Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Ashland, Inc.
- BASF SE
- Associated British Foods Plc
- Akzo Nobel N.V.
- Roquette Frères
- DuPont de Nemours
- Innophos Holdings, Inc.
- Evonik
- Merck
- The Lubrizol Corporation
- Armor Pharma
- J.M. Huber Corporation
- Dow Chemicals Corporation
- Merck Millipore
- Daicel Corporation
- Kerry
- Croda International
- Archer Daniels Midland
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1 Global Pharmaceutical Excipients Segmentation
Figure 2 Global Pharmaceutical Excipients Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 6 Global Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 7 Global Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 8 Global Pharmaceutical Excipients Market Share, By Region, By Value, 2018-2028
Figure 9 North America Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 10 North America Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 11 North America Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 12 North America Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 13 North America Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
Figure 14 Europe Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 15 Europe Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 16 Europe Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 17 Europe Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 18 Europe Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
Figure 19 The Asia-Pacific Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 20 The Asia-Pacific Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 21 The Asia-Pacific Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 22 The Asia-Pacific Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 23 The Asia-Pacific Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
Figure 24 Latin America Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 25 Latin America Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 26 Latin America Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 27 Latin America Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 28 Latin America Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
Figure 29 The Middle East & Africa Pharmaceutical Excipients Market Size, By Value (USD Million), 2018-2028
Figure 30 The Middle East & Africa Pharmaceutical Excipients Market Share, By Product, By Value, 2018-2028
Figure 31 The Middle East & Africa Pharmaceutical Excipients Market Share, By Function, By Value, 2018-2028
Figure 32 The Middle East & Africa Pharmaceutical Excipients Market Share, By Formulation Industry, By Value, 2018-2028
Figure 33 The Middle East & Africa Pharmaceutical Excipients Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 2 Global Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 3 Global Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 4 Global Pharmaceutical Excipients Market Size, By Region, By Value, 2018-2028
Table 5 North America Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 6 North America Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 7 North America Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 8 North America Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
Table 9 Europe Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 10 Europe Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 11 Europe Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 12 Europe Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
Table 13 The Asia-Pacific Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 14 The Asia-Pacific Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 15 The Asia-Pacific Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 16 The Asia-Pacific Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
Table 17 Latin America Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 18 Latin America Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 19 Latin America Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 20 Latin America Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
Table 21 The Middle East & Africa Pharmaceutical Excipients Market Size, By Product, By Value, 2018-2028
Table 22 The Middle East & Africa Pharmaceutical Excipients Market Size, By Function, By Value, 2018-2028
Table 23 The Middle East & Africa Pharmaceutical Excipients Market Size, By Formulation Industry, By Value, 2018-2028
Table 24 The Middle East & Africa Pharmaceutical Excipients Market Size, By Country, By Value, 2018-2028
Table 25 Ashland, Inc. Company Overview
Table 26 Ashland, Inc. Financial Overview
Table 27 BASF SE Company Overview
Table 28 BASF SE Financial Overview
Table 29 Akzo Nobel N.V. Company Overview
Table 30 Akzo Nobel N.V. Financial Overview
Table 31 Roquette Frères Company Overview
Table 32 Roquette Frères Financial Overview
Table 33 Innophos Holdings, Inc. Company Overview
Table 34 Innophos Holdings, Inc. Financial Overview
Table 35 Merck Company Overview
Table 36 Merck Financial Overview
Table 37 The Lubrizol Corporation Company Overview
Table 38 The Lubrizol Corporation Financial Overview
Table 39 Armor Pharma Company Overview
Table 40 Armor Pharma Financial Overview
Table 41 J.M. Huber Corporation Company Overview
Table 42 J.M. Huber Corporation Financial Overview
Table 43 Dow Chemicals Corporation Company Overview
Table 44 Dow Chemicals Corporation Financial Overview
Table 45 Merck Millipore Company Overview
Table 46 Merck Millipore Financial Overview
Table 47 Daicel Corporation Company Overview
Table 48 Daicel Corporation Financial Overview
Table 49 Kerry Company Overview
Table 50 Kerry Financial Overview
Table 51 Croda International Company Overview
Table 52 Croda International Financial Overview
Table 53 Archer Daniels Midland Company Overview
Table 54 Archer Daniels Midland Financial Overview
Market Segmentation
By Product
- Organic Chemicals
- Oleochemicals
- Carbohydrates
- Petrochemicals
- Proteins
- Others
- Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Halites
- Calcium Carbonate
- Calcium Sulfate
- Others
- Other Chemicals
By Functionality
- Fillers & Diluents
- Suspending & Viscosity Agents
- Coating Agents
- Binders
- Flavoring Agents & Sweeteners
- Disintegrants
- Colorants
- Lubricants & Glidants
- Preservatives
- Emulsifying Agents
- Other Functionalities
By Formulation
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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