Rise Of Generic Drugs Fuels Growth In The Pharmaceutical Excipients Market: A Key Factor Shaping the Future of the Pharmaceutical Excipients Market in 2025

What combination of drivers is leading to accelerated growth in the pharmaceutical excipients market?
The escalation in the global sale of generic drugs has been instrumental in fuelling the growth of the pharmaceutical excipients market. These generic drugs, which act as substitutes for branded drugs on the market, are identical in terms of dosage, safety, efficacy, method of administration, and quality. The India Brand Equity Foundation (IBEF) states that India is the leading supplier of generic medicines worldwide, with its generic drugs making up 20% of the global export market. Indian pharmaceutical companies managed to secure approval for 300 generic drugs in the US, a development that significantly stimulated demand for generic drugs and indeed drove growth in the pharmaceutical excipients market.

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What is the projected compound annual growth rate (CAGR) of the pharmaceutical excipients market from 2025 to 2034, and what factors influence it?
In recent years, the pharmaceutical excipients market has witnessed robust growth. The market value is projected to expand from $10257.72 billion in 2024 to $10926.17 billion in 2025, denoting a compound annual growth rate (CAGR) of 6.5%. The historical growth trend is largely driven by economic expansion in developing markets, an increase in the sales of generic drugs, and advancements in the healthcare infrastructure.

A strong surge is anticipated in the pharmaceutical excipients market size in the forthcoming years, with projections indicating a growth to $14263.02 billion by 2029, along with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the forecast period are government initiatives, the escalating development of innovative drugs, increasing healthcare expenditure, and swift growth of the elderly population. The forecast period is also expected to witness major trends such as emphasis on sustainable packaging to lower plastic usage, focus on mergers and acquisitions to solidify market position, efforts to lessen greenhouse gas emissions, and the utilization of artificial intelligence to monitor nutrients, water levels, and enhance transparency in supply chains.

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What are the most significant trends transforming the pharmaceutical excipients market today?
Prominent firms in the pharmaceutical excipient realm are pioneering higher-end excipients like high-purity excipients to bolster drug formulation resilience, augment bioavailability, and cater to multifaceted drug conveyance systems. High-purity excipients are those that have undergone sophisticated purification techniques to rid them of impurities and contaminants. Take for instance, Clariant, a Swiss speciality chemical firm, which in October 2023, brought out three brand-new VitiPure excipients aimed at escalating the stability and solubility of active pharmaceutical ingredients (APIs). This is inclusive of VitiPure O 80 Superior, a multispectrum polysorbate 80; VitiPure CO 35 Superior, a polyoxyl 35 castor oil; and VitiPure Meglumine LEX, a low-burden solubilizer. Catering to varied drug conveyance uses, predominantly hypersensitive formulations like mRNA vaccines and biologics, these excipients address the surging requirement for high-purity entities whilst fulfilling rigid regulatory protocols.

What are the major segments of the pharmaceutical excipients market and their role in driving growth?
The pharmaceutical excipients market covered in this report is segmented -

1) By Product: Inorganic Chemicals, Organic Chemicals, Other Products
2) By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavoring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
3) By Type Of Formulation: Oral Formulation, Topical Formulation, Parenteral Formulation, Other Formulations

Subsegments:
1) By Inorganic Chemicals: Salts, Oxides, Silicates
2) By Organic Chemicals: Sugars, Polymers, Oils And Fats
3) By Other Products: Natural Excipients, Coatings, Antioxidants

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Which regions are key players in the growth of the pharmaceutical excipients market?
North America is the largest region in the pharmaceutical excipients market in 2024. Middle East is expected to be the fastest growing region in the global pharmaceutical excipients market share during the forecast period. The regions covered in the pharmaceutical excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the pharmaceutical excipients market?
Major companies operating 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., Sun Pharmaceuticals Industries Ltd, Cipla Ltd, Amster Microcell Private Limited, Finar Limited, P. D. Polychem Private Limited, CAD Pharma Inc, Maas Pharma Chemicals, Aeon Procare Private Limited, CSPC Pharmaceutical Group Ltd, Allen & Hanburys Ltd, Actelion Pharmaceuticals UK Ltd, Colorcon, MEGGLE GmbH & Co. KG, Boehringer Ingelheim International GmbH, DMV-Fonterra Excipients GmbH & Co. KG, Alpen Pharma AG, Avantor Inc, JRS PHARMA GmbH & Co. KG, The Dow Chemical Co, Pfizer, AbbVie Inc, EMS Pharma, Biolab Farmaceutica, Medist FZE, W.R. Grace, Univar Solutions, Nitika Pharma, DFE Pharma, Cargill, Sensient Pharma

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What Is Covered In The Pharmaceutical Excipients Global Market Report?

• Market Size Forecast: Examine the pharmaceutical excipients market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pharmaceutical excipients market for a structured understanding.
• Key Players Overview: Analyze major players in the pharmaceutical excipients market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pharmaceutical excipients market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pharmaceutical excipients market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pharmaceutical excipients market.
• Industry Challenges: Identify potential risks and obstacles affecting the pharmaceutical excipients market.
• Competitive Landscape: Review strategic developments in the pharmaceutical excipients market, including expansions, agreements, and new product launches.

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