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Organic Pharmaceutical Excipients Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Organic Pharmaceutical Excipients Global Market
According to The Business Research Company's, The organic pharmaceutical excipients market size has grown strongly in recent years. It will grow from $10.36 billion in 2023 to $11.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased demand for drug formulations, patient acceptance and compliance, quality and safety standards, innovation in drug delivery, regulatory compliance requirements..
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..
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Market Drivers and Trends:
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.
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 dieta*ry supplement 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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Major Key Players of the Market:
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
Organic Pharmaceutical Excipients Market 2024 Key Insights:
• The organic pharmaceutical excipients market will grow to $16.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• The Role Of Growing Pharmaceutical Drug Demand In Driving The Organic Pharmaceutical Excipients Market
• Label-Friendly Excipients Transforming The Organic Pharmaceutical Excipients Market
• North America was the largest region in the global organic pharmaceutical excipients market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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