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Alcohol Excipients Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Alcohol Excipients Market Growth
In recent years, the alcohol excipients market has witnessed robust growth. Its value is expected to increase from $2.88 billion in 2024 to $3.16 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 9.9%. The expansion during the historic period is a result of several factors including the rising preference among consumers for self-medication, escalation in global healthcare expenditure, progression in personalized medicine, expansion in biologics, alongside a surge in consumer understanding of health and wellness.
The market size for alcohol excipients is projected to significantly expand in the coming years, reaching $4.54 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 9.5%. This surge over the predicted period can be traced back to a rise in chronic illnesses, an upward trend in pharmaceutical R&D investments, an amplified emphasis on patient-orientated formulations and customized medication, increased medical drug usage, and an aging demographic. In the same forecast period, key trends include the use of naturally derived and plant-based alcohol excipients, technological evolution, controlled-release formulations, versatile excipients, and strides made in personalized medicine.
What Factors Are Fueling Growth in the Alcohol Excipients Market?
The growth of the alcohol excipients market is anticipated to be spurred by the rising consumption of medical drugs. These drugs are chemicals employed to diagnose, cure, prevent diseases or enhance health. Factors contributing to their increased consumption include everyday life's medicalization, an aging population, and incentives within the healthcare system. Alcohol excipients serve a vital role in pharmaceutical formulations, augmenting drug solubility, stability, transport, and palatability, ensuring that the medicine is effective and well-received. To illustrate, the Government of Canada reported in December 2022 that sales of patented medications reached $18.4 billion in 2022, a 5.7% rise from the previous year. Consequently, the escalating consumption of medical drugs is fueling the expansion of the alcohol excipients market.
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Who Are the Major Industry Players Fueling Alcohol Excipients Market Expansion?
Major companies operating in the alcohol excipients market are Cargill Inc., Archer Daniels Midland Company, The Dow Chemical Company, Honeywell International Inc., Mitsubishi Chemical Holdings Corporation, Merck KGaA, Kerry Group plc, Lonza Group Ltd., The Lubrizol Corporation, Clariant AG, IMCD NV, Azelis Group NV, Roquette Frères SA, Croda International Plc, BASF SE, ABITEC Corporation, Duchefa Farma B.V., Signet Chemical Corporation Pvt. Ltd., Pharm Rx Chemical Corporation, HRV Global Life Sciences Private Limited
Which Key Developments Are Influencing the Alcohol Excipients Market?
Prominent players in the alcohol excipients market are concentrating on the development of novel technologies like direct compression technology, aimed at boosting efficiency and adapting to the changing needs of the industry. Direct compression is a technological advancement in tablet production that enables the immediate compression of powders, including alcohol-based excipients, bypassing the need for granulation. For instance, Roquette Frères, a chemical manufacturing firm based in France, introduced PEARLITOL CR-H in November 2022. This unique blend of hydroxypropyl methylcellulose (HPMC) and mannitol, devised specifically for direct compression in tablet medications, is a testament to their innovative strategies. The new excipient facilitates the slow release of active pharmaceutical ingredients (APIs), eliminating the need for traditional wet granulation methods. Its distinctive formulation simplifies tablet manufacturing processes by enhancing the powder blend's flowability and compressibility, while also promoting the production of controlled-release drugs.
How Is the Segmentation of the Alcohol Excipients Market Defined?
The alcohol excipients market covered in this report is segmented -
1) By Type: Sorbitol, Mannitol, Propylene Glycol, Glycerin, Other Types
2) By Application: Pharmaceutical, Personal Care, Cosmetics, Other Applications
3) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels
Subsegments:
1) By Sorbitol: Liquid Sorbitol, Powdered Sorbitol
2) By Mannitol: Crystalline Mannitol, Powdered Mannitol
3) By Propylene Glycol: Pharmaceutical Grade Propylene Glycol, Food Grade Propylene Glycol
4) By Glycerin: Vegetable Glycerin, Synthetic Glycerin
5) By Other Types: Ethanol, Isopropyl Alcohol, Polyethylene Glycol, Other Alcohol-based Excipients
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What Is the Leading Region in the Alcohol Excipients Market?
Asia-Pacific was the largest region in the alcohol excipients market in 2023. The regions covered in the alcohol excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Alcohol Excipients Global Market Report?
- Market Size Analysis: Analyze the Alcohol Excipients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Alcohol 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 Alcohol Excipients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Alcohol Excipients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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