Rise Of Generic Drugs Fuels Growth In The Pharmaceutical Excipients Market: Key Factor Driving The Growth In The Pharmaceutical Excipients Market

The Pharmaceutical Excipients Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Pharmaceutical Excipients Market Size During the Forecast Period?
The market size of pharmaceutical excipients has seen robust growth in the past few years. The market is set to grow from $10257.72 billion in 2024 to $10926.17 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. The impressive growth in the historic period is credited to the solid economic growth in burgeoning markets, an increase in the sales of generic drugs, and the rise of advanced healthcare infrastructure.

It is projected that the pharmaceutical excipients market will witness robust growth in the coming years, enlarging to a size of $14263.02 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. The expansion in this period can be linked to government policies, increased development of new medications, escalating health care costs, and a fast-paced growth in the elderly population, all acting as growth propellors for the market. The prominent trends expected during the forecast period are emphasizing on eco-friendly packaging to diminish plastic use, strategic mergers, and acquisitions to consolidate market standing, efforts towards reducing carbon emissions, and the implementation of artificial intelligence for tracking nutrients, water levels and enhancing transparency in supply chains.

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What Are the High-Growth Segments in the Pharmaceutical Excipients Market?
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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What Key Drivers Are Expected to Influence Future Pharmaceutical Excipients Market Growth?
A significant rise in the sales of generic drugs globally has boosted the pharmaceutical excipients market. Generic drugs, which serve as substitutes for branded medications regarding dosage, safety, potency, administration route, and quality, are gaining popularity. The India Brand Equity Foundation (IBEF) indicates that India stands as the top supplier of generic medicines internationally; the nation's generic drugs constitute 20% of worldwide generic drug exports. With the receipt of 300 approvals for generic drugs in the United States, Indian pharmaceutical companies have contributed significantly to this trend. The heightened demand for such generic drugs underscores the growth of the pharmaceutical excipients market.

Which Companies Hold the Largest Share Across Different Pharmaceutical Excipients Market Segments?
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

What Are the Latest Developing Trends in the Pharmaceutical Excipients Market?
Prominent firms in the pharmaceutical excipient market are launching sophisticated excipients like high-purity excipients to bolster drug formulation firmness, increase bioavailability, and assist complex drug delivery systems. High-purity excipients are pharmaceutical aids that have been refined to eliminate impurities and contaminants. For example, in October 2023, Clariant, a Switzerland-based specialty chemical firm, debuted three VitiPure excipients engineered to boost the stability and solubility of active pharmaceutical ingredients (APIs). They consist of VitiPure O 80 Superior, a high-purity type of polysorbate 80; VitiPure CO 35 Superior, a variety of polyoxyl 35 castor oil, and VitiPure Meglumine LEX, a solubilizer that carries a low bioburden. Aimed at diverse drug delivery uses, especially delicate formulations like mRNA vaccines and biologics, these excipients cater to the escalating demand for high-purity elements while complying with rigid regulatory norms.

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What Are the Emerging Geographies for The Pharmaceutical Excipients Market Growth?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pharmaceutical Excipients Market?
2. What is the CAGR expected in the Pharmaceutical Excipients Market?
3. What Are the Key Innovations Transforming the Pharmaceutical Excipients Industry?
4. Which Region Is Leading the Pharmaceutical Excipients Market?

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