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Pharmaceutical Excipients Market Size, Trends, Growth, Industry Analysis And Forecast To 2032
Pharmaceutical Excipients Market Report
The Business Research Company's Pharmaceutical Excipients Global Market Report 2023 identifies the surge in the demand for generic drugs as the major driver for the pharmaceutical excipients market's growth in the forecast period. Generic drugs are alternatives to the marketed brand-name drug in the same dosage form, safety, strength, route of administration, and quality. According to India Brand Equity Foundation (IBEF), India is the largest provider of generic medicines, the country's generic drugs account for 20% of the global generic drug exports. Indian pharmaceutical companies received 300 generic drug approvals in the USA. The surge in the demand for generic drugs drives the pharmaceutical excipients market.
The global pharmaceutical excipients market size grew from $8.6 billion in 2022 to $9.11 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global pharmaceutical excipients is expected to grow from $11.55 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the pharmaceutical excipients market are Archer Daniels Midland Co., Associated British Foods, Dow Chemical Company, Evonik, Croda International PLC.,
A key trend in the pharmaceutical excipients market includes multi-functional excipients. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness. For instance, Evonik's newly launched EUDRAGIT FS 100 is a solid version of the existing EUDRAGIT FS 30 D. This new multi-functional version allows pharmaceutical companies to use the polymer in many new applications, such as hot-melt extrusion, solvent spray-drying, and solvent coating, which was impossible to achieve in past decades where only the aqueous version was available.
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The pharmaceutical excipients market is segmented -
•By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavouring Agents And Sweetners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
•By Type Of Formulation: Oral Fromulation, Topical Formulation, Parental Formulation
•By Product: Inorganic Chemicals, Organic Chemicals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pharmaceutical excipients market.
The Business Research Company's "Global Pharmaceutical Excipients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmaceutical Excipients Market Include:
1. Executive Summary
2. Pharmaceutical Excipients Market Characteristics
3. Pharmaceutical Excipients Market Trends And Strategies
4. Pharmaceutical Excipients Market - Macro Economic Scenario
5. Pharmaceutical Excipients Market Size And Growth
……
26. Africa Pharmaceutical Excipients Market
27. Pharmaceutical Excipients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pharmaceutical Excipients Market
29. Pharmaceutical Excipients Market Future Outlook and Potential Analysis
30. Appendix
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