Pharmaceutical Excipients Market | Ongoing Trends and Recent Developments | Major Key Players like Ashland (US), BASF (Germany), DuPont (US), Roquette (France)

The study involved 4 major activities in estimating the current market size for pharmaceutical excipients market. Exhaustive secondary research was done to collect information on the market as well as its peer and parent markets.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Objectives of This Study:

# To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market players

# To forecast the size of the pharmaceutical excipients market, in five main regions (along with major countries)—North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa

# To profile key players in the global pharmaceutical excipients market and comprehensively analyze their core competencies and market shares

# To track and analyze competitive developments such as mergers and acquisitions; new product/technology launches; expansions; collaborations and agreements; and R&D activities of the leading players in the global pharmaceutical excipients market

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Factors Influencing Global Industry Growth:-

Factors such as the growing pharmaceuticals industry coupled with advancements in functional excipients, rising adoption of orphan drugs, and increasing uptake of biopharmaceuticals, are driving the market for pharmaceutical excipients. The emergence of multifunctional excipients, shifting the focus of pharmaceutical manufacturing to emerging markets, and the growing Biosimilars industry also present significant growth opportunities for market players in the pharmaceutical excipients market.

Market Restraints:
# Cost and Time-Intensive Drug Development Process
# Increasing Regulatory Stringency

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Market Opportunities:
# Multifunctional Excipients
# Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries
# Growth in the Biosimilars Market

Market Challenges:
# Safety and Quality Concerns
# Changing Trade Policies between Countries

Industry’s Revenue Growth Expectations:

The pharmaceutical excipients market is projected to reach USD 9.7 billion by 2025 from USD 6.9 billion in 2019, at a CAGR of 5.8%.

Geographical Growth Scenario:

The Asia Pacific is expected to be the fastest growing the market in 2019

In 2018, the Asia Pacific region was seen as the fastest growing region in the pharmaceutical excipients market. The ease of doing business in the Asia Pacific region in terms of reduced regulatory stringency, reduced raw material & labor costs, and a higher target market make this region the fastest growing market in 2019.

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Leading Market Players:

# Ashland (US)
# BASF (Germany)
# DuPont (US)
# Roquette (France)
# Evonik Industries (Germany)
# Associated British Foods (UK) and many more…

The global pharmaceutical excipients market is highly fragmented as none of the market players held a market share of more than 15%. The top ten players account for more than half of the total market share, while several other global and regional market players account for the remaining share.

The leading market players are based across developed countries such as the US, Germany, France, the UK, and Ireland. Various small and medium-sized players operating in both developed and emerging markets are making this a highly competitive market. On the other hand, dominant market players have numerous advantages such as stronger marketing & distribution networks, greater budgets for R&D, and better brand recognition.

The market also shows the presence of numerous small players operating at the global as well as the regional levels. Companies are increasing their focus on R&D to add innovative products to their portfolios, which, in turn, helps them strengthen their market presence. In addition to this, the lucrative growth opportunities in the relatively untapped APAC market are encouraging market players to strengthen their presence in this region.

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This release was published on openPR.