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Alcohol Excipients Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Alcohol Excipients
How Large Will the Alcohol Excipients Market Size By 2025?
The market size for alcohol excipients has seen significant expansion in the past few years. Projected growth from $2.88 billion in 2024 to $3.12 billion in 2025, showcases a compound annual growth rate (CAGR) of 8.4%. This notable rise during the historic period is due to factors such as rising consumer preference for self-medication, increased global healare expenditure, a surge in personalized medicine and biologics, and heightened awareness among consumers regarding health and wellness.
How Big Is the Alcohol Excipients Market Size Expected to Grow by 2029?
The market size for alcohol excipients is projected to experience notable expansion in the foroming years, reaching "$4.35 billion by 2029" with a compound annual growth rate (CAGR) of 8.6%. This predicted surge during the forecast duration can be credited to factors such as heightened incidences of chronic diseases, amplified investment in pharmaceutical development and research, enhanced focus on patient-specific formulations and customized medication, rising demand for medicinal drugs, and an upward trend in the aged population. Salient trends expected in the forecast period include the use of natural and plant-sourced alcohol excipients, progress in technology, control-released formulations, multifaceted excipients, and advancements in personalized medicine.
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Which Key Market Drivers Powering Alcohol Excipients Market Expansion and Growth?
The alcohol excipients market is poised for growth, driven by the rising intake of medicinal drugs. Medical drugs, which are chemicals utilized to diagnose, cure, prevent diseases, or enhance well-being, have seen a surge in usage. This can be credited to the medicalization of daily life, an aging population, and health care system stimuli. Alcohol excipients play a crucial role in pharmaceutical formulations, improving drug solubility, stability, transportation, and taste, thereby ensuring the efficiency and acceptability of medicinal drugs among patients. Take, for example, in December 2022, the sales of patented drugs in Canada reached $18.4 billion as reported by the Canadian Government, registering a 5.7% hike from the previous year. As such, the burgeoning consumption of medical drugs underscores the expansion of the alcohol excipients market.
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What Are the Key Trends Driving Alcohol Excipients Market Growth?
Noteworthy corporations in the alcohol excipients market are honing in on the advancement of novel technologies, such as direct compression technology, in order to ameliorate efficiency and deliver on the changing demands of the industry. Direct compression is a technique used in tablet production that condenses powders, specifically alcohol-based excipients, into tablet form, circumventing the need for granulation. For example, Roquette Frères, a chemical production enterprise based in France, rolled out PEARLITOL CR-H in November 2022. This is a distinct combination of hydroxypropyl methylcellulose (HPMC) and mannitol that Roquette developed specifically for direct compression in pharmaceutical tablet compositions. This groundbreaking excipient allows active pharmaceutical ingredients (APIs) to be gradually dispensed sans conventional wet granulation methods. Its singular formulation optimizes tablet production processes by enhancing both the flow and compressibility of the powder mix, while simultaneously aiding the creation of controlled-release medications.
What Are the Emerging Segments in the Alcohol Excipients Market?
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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Who Are the Global Leaders in the Alcohol Excipients Market?
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 are the Top Profitable Regional Markets for the Alcohol Excipients Industry?
Asia-Pacific was the largest region in the alcohol excipients market in 2024. The regions covered in the alcohol excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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