Ten Billion Dollar Market - Pharmaceutical Excipients

Thanks to the rapid growth of generic and biological drugs and the increasing popularity of orphan drugs, functional and multifunctional excipients have made technological progress. With the rapid expansion of immediate pharmaceutical demand, the pharmaceutical excipients market is further expanding. According to a new report published by Markets and Markets, the global pharmaceutical excipients market size is expected to increase from USD 7.9 billion in 2021 to USD 10.6 billion by 2026, growing at a CAGR of 5.8% during the forecast period.

Asia Pacific Market Dynamics Continue to Be Released

In recent years, China, Japan, India and other major industry players in Asia Pacific have built R&D centers and manufacturing facilities to strengthen the research base, which has boosted the Asian pharmaceutical market and pharmaceutical production capacity, driving significant growth in the market demand for pharmaceutical excipients. Asia Pacific market continues to release its vitality and is expected to become one of the most attractive regional markets.

By product segmentation, Asia-Pacific pharmaceutical excipients products include solubilizers and surfactants/emulsifiers (including triglycerides, esters, etc.), polyols (including mannitol, sorbitol , etc.), carbohydrates (including sucrose, glucose, starch, etc.) and special excipients, of which the carbohydrate market accounts for a prominent share. Subdivided by dosage form, compared to topical and parenteral formulations, oral formulations of pharmaceutical excipients hold a significant share.

No.1 Market Share in Europe

In the next few years, some heavyweight innovative drugs will lose their patent exclusivity period one after another, so many European countries are launching an assault on the generic market, which will undoubtedly further increase the demand for pharmaceutical excipients. In addition, the increased investment in biologics and high-end dosage forms will boost the demand for new excipients in the pharmaceutical market, which will help the European pharmaceutical excipients market to expand.

Ashland, BASF, IFF, Roquette, Evonik, Lubrizol, Croda, Kerry, Wacker, Colorcon, DFE and JRS, as the major players in the European market, will give full play to the "head value" and activate The European market for pharmaceutical excipients will have a sustainable growth.