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Pharmaceutical Excipients Market: Strong Growth Forecast, Major Players, and Key Trends
Pharmaceutical Excipients Market Size
What Is The Projected Market Size Of The Global Pharmaceutical Excipients Market And Its Growth Rate?
The pharmaceutical excipients market has been seeing strong growth:
•The market size stood at $10257.72 billion in 2024, growing to $10926.17 billion in 2025 at a CAGR of 6.5%.
•By 2029, it is projected to reach $14263.02 billion at a CAGR of 6.9%.
Robust economic growth in emerging markets and a surge in generic drug sales, along with advanced healthcare infrastructure, drive this growth.
What Is Driving The Growth In The Pharmaceutical Excipients Market?
The global growth in the sale of generic drugs is a significant driver of the pharmaceutical excipients market. Generic medicines, as alternatives to marketed brand-name drugs, carry the same dosage form, safety, strength, quality, and route of administration. As per the India Brand Equity Foundation (IBEF), India leads the global generic medicines market, contributing 20% of the global generic drug exports. Its pharmaceutical companies received 300 generic drug approvals in the USA, indicating the high demand for generic drugs, which further drives the pharmaceutical excipients market.
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Who Are the Key Players Driving Pharmaceutical Excipients Market Growth?
Major companies playing a pivotal role in the pharmaceutical excipients market include:
•BASF SE
•Ashland Global Holdings
•Evonik Industries AG
•International Flavors & Fragrances, Inc
•Roquette Frères
•Archer Daniels Midland Company
•Lubrizol Corporation
•Croda International Plc
•Kerry Group
•DuPont de Nemours, Inc.
•And many more
What Are The Key Trends In The Pharmaceutical Excipients Market?
Major trends in the pharmaceutical excipients market include:
•Focusing on sustainable packaging to reduce the use of plastics
•Strengthening market position through mergers and acquisitions
•Reducing greenhouse gas emissions
•Leveraging artificial intelligence to track nutrients, water levels, and improve transparency in supply chains
What Are The Segments Of The Global Pharmaceutical Excipients Market?
Segments in the global pharmaceutical excipients market include:
•By Product: Inorganic Chemicals, Organic Chemicals, Other Products
•By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavoring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
•By Type Of Formulation: Oral Formulation, Topical Formulation, Parenteral Formulation, Other Formulations
Which Region Leads The Pharmaceutical Excipients Market?
North America led the pharmaceutical excipients market in 2024. The Middle East is projected to be the fastest growing region during the forecast period. Apart from these, Asia-Pacific, Western Europe, Eastern Europe, South America, and Africa are also covered in the pharmaceutical excipients market report.
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What Is Covered In The Pharmaceutical Excipients Market Global Market Report?
- Market Size Analysis: Analyze the Pharmaceutical Excipients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmaceutical Excipients Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pharmaceutical Excipients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pharmaceutical Excipients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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