Sugar Based Excipients Market Rising at 4.3% CAGR to 2023: Top Key Players are Archer Daniels Midland Company, The Lubrizol Corporation, Ashland Inc, Roquette Group, Associated British Foods Plc, Meggle AG

Sugar-Based Excipients Market Overview
Sugar-based excipients have witnessed broad approval as ingredients in pharmaceutical tableting. They can be handled to mask the bitter taste of active agents thereby doing it more palatable. As direct compression has become the preferred method of tablet manufacture, the demand has grown for compressible sugar-based excipients. The excipient is a pharmacologically inactive element combined along with the API in a particular formulation. IT is added to the formulation so as to give stability, boost the absorption of the drug and to better other pharmacokinetic properties. There are various excipients available in the market like gelatin, complex sugars, and various polymers. Sugar based excipients are the most common of all and are extensively used in parenteral medicines. These excipients try to hide the bitterness of the pharmaceutical drug.

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The fast increase in the generic drugs market contributes massively to the excipient market. There has been an extended usage in co-processed excipient and rising improvement of orally disintegrating tablets. These two factors also drive the market. Widespread use of mannitol is also increasing the market. Drug manufacturers are trying to incorporate excipients in the formulations so that they can be simply taken by children and other patients. Though, there is a shortage of FDA approved manufacturing sites due to their strict regulations, making this a significant restraint to market growth.

Sugar-Based Excipients Market Report (2018-2023)
The global Sugar based Excipients Market was worth USD 936.2 million in 2018 and estimated to be growing at a CAGR of 4.3%, to reach USD 1155.55 million by 2023.

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Sugar-Based Excipients Market Segmentation
The global sugar excipients market is categorized based on type, product, functionality, and formulation. Based on the type the market is divided into Powder and granules, Crystal, Syrup, and others. Powders and granules accounted for the hugest share in the segment because of its extensive use in various formulations. Based on the product, the market is classified into actual sugars, sugar alcohols, and artificial sweeteners. Actual sugar dominated the segment whereas sugar alcohols are to witness fast increase over the forecast period due to a growth in the use of mannitol. On the basis of functionality, the market is divided into fillers, diluents, flavoring agent and tonicity agents. Fillers and diluents account for the main market share due to their widespread use in tablets and capsules. Based on the formulation, the market is segmented into oral, topical and parenteral. Oral formulations dominate this segment due to an improved use of various oral formulations.

On the basis of geography, the global market is analyzed under several regions namely North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Europe currently dominates the world market due to numerous favorable government policies issued by the European government. The Asia Pacific excluding Japan region is expected to witness the largest growth rate in the sugar-based excipient market. Whereas, regions like North and Latin America are experiencing steady growth.

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Major Players
Some of the major companies operating in the current Market are
• Archer Daniels Midland Company,
• The Lubrizol Corporation,
• Ashland Inc.,
• Roquette Group,
• Associated British Foods Plc,
• Meggle AG,
• Basf SE,
• FMC Corporation,
• Cargill, Inc.,
• Dfe Pharma,
• Colorcon Inc.

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