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Organic Pharmaceutical Excipients Market Report 2024 | Size, Share, Growth, Trends, Analysis, Forecast, Outlook, Mergers and Acquisitions, Top Major Key Players, Competitive Landscape | 2033 Forecast
Organic Pharmaceutical Excipients Market
The organic pharmaceutical excipients market size is expected to see strong growth in the next few years. It will grow to $16.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise in biopharmaceuticals and biosimilars, preference for natural and sustainable ingredients, focus on personalized medicine, emergence of novel therapies, global expansion of pharmaceutical production.. Major trends in the forecast period include regulatory compliance and quality standards, customization of excipient solutions, integration of advanced technologies, global expansion of organic excipient suppliers, r&d investments in excipient innovation..
Market Overview -
Organic pharmaceutical excipients refer to substances of natural origin used in formulating pharmaceutical products alongside active pharmaceutical ingredients (APIs). They are derived from natural sources, such as plants, animals, or microorganisms, and are generally considered safe for pharmaceutical applications.
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The Role Of Growing Pharmaceutical Drug Demand In Driving The Organic Pharmaceutical Excipients Market
Growing demand for pharmaceutical drugs is expected to propel the growth of the organic pharmaceutical excipients market going forward. Pharmaceutical drugs, also known as medications or medicines, are chemical substances or compounds used to prevent, diagnose, treat, or relieve various diseases, medical conditions, or symptoms in humans. Demand for pharmaceutical drugs has fueled the need for organic pharmaceutical excipients to provide suitable and compatible ingredients for organic drug formulations and facilitate the drug's physiological absorption. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations, a Europe-based association representing the pharmaceutical industry, global pharmaceuticals production increased by 4.6 to €300,000 ($323,214) in 2021. And North America accounted for 49.1% of global pharmaceutical sales compared with 23.4% for Europe in 2021. Therefore, the growing demand for pharmaceutical drugs is driving the growth of the organic pharmaceutical excipients market.
Competitive Landscape -
Major companies operating in the organic pharmaceutical excipients market report are Roquette Frères SA, DuPont de Nemours Inc., Ashland Inc., Badische Anilin- und Sodafabrik, Kerry Group plc, Evonik Industries AG, Croda International plc, The Lubrizol Corporation, Innophos Holdings Inc., Wacker Chemie AG, Merck KGaA, Colorcon Asia Private Limited, Rochem International Inc., Eastman Chemical Company, JRS PHARMA GMBH + CO KG, Cargill Incorporated, Ingredion Incorporated, Sensient Technologies Corporation, Internatio-Müller Chemical Distribution, Lonza Group Ltd., DFE PHARMA INDIA PRIVATE LIMITED., Omya AG, Sigachi Industries Pvt. Ltd., Meggle AG, Associated British Foods plc, Archer Daniels Midland Company, Food Machinery & Chemical Corporation, Innospec Inc., Mitsubishi Chemical Corporation, International Flavors & Fragrances Inc
Label-Friendly Excipients Transforming The Organic Pharmaceutical Excipients Market
Label-friendly excipients for nutritional products are a key trend gaining popularity in the organic pharmaceutical excipients market. Companies operating in organic pharmaceutical excipients are focused on the use of label-friendly excipients in the formulation of nutritional products to sustain their position in the market. For instance, in April 2023, Colorcon, a US-based pharmaceutical excipient provider, launched Nutracore, an innovative range of label-friendly excipients tailored to the specific requirements of nutraceutical and supplement providers. These excipients are crafted from natural and organic materials to meet the growing demand for clean labeling in the nutritional and dietarysupplement industry while ensuring optimal manufacturability and performance. Nutracore excipients enable manufacturers to meet consumers' label-friendly expectations without compromising on the quality and functionality of their products.
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Key Segments -
The organic pharmaceutical excipients market covered in this report is segmented -
1) By Type: Oleochemicals, Carbohydrates, Petrochemicals, Protein, Other Types
2) By Functions: Binders, Coating Agents, Colorants, Disintegrates, Other Functions
3) By Application: Oral Formulations, Topical Formulations, Parenteral Formulations, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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