Excipients Market Size To Reach $14,746.68 Million By 2033

Excipients Market Growth & Trends

The global excipients market size is expected to reach USD 14,746.68 million by 2033, registering a CAGR of 4.11% from 2026 to 2033, according to a new report by Grand View Research, Inc. Globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market. 

Excipients are essential components for the improvement of overall pharmaceutical activity and performance, both of which directly impact the characteristics of pharmaceutical formulations. An excipient in the right proportion can improve the shelf life and bioavailability of a formulation. These can also be used in drug delivery mechanisms such as sustained release and rapid release drugs.

Polymers were the largest product category in 2021 based on revenue and volume and are expected to maintain a comparatively moderate growth rate over the forecast period. Microcrystalline cellulose was the leading polymer in this category, accounting for a share of over 26.0% in 2021.

Sugars are expected to observe the fastest growth over the coming years, exhibiting an estimated CAGR of 6.9% from 2022 to 2030. Sugars can play an instrumental role in increasing solubility, taste masking, dissolution, and drug delivery, which can drive its market.

The Market is significantly driven by the increasing demand for pharmaceutical products due to the COVID-10 virus outbreak. The development of the COVID-19 vaccine was one of the major drivers for this market growth. Many key organizations capitalized on the opportunities that arose during the pandemic and witnessed significant growth.

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Excipients Market Report Highlights

• The polymers segment dominated the market with the largest revenue share of 45.66% in 2025, driven by their essential roles in enhancing drug stability, controlled/sustained release profiles, and manufacturability, while alcohol?based excipients are also gaining traction for their solubilizing and formulation?enabling properties in oral, parenteral, and topical dosage forms.

• The binders segment dominated the market with the largest revenue share of 13.08% in 2025 and is expected to grow at the fastest CAGR during the forecast period.

• The oral formulation segment accounted for the largest revenue share of 55.66% in 2025, driven by its widespread use in tablets, capsules, and orally disintegrating formulations, which require various excipients such as binders, disintegrants, stabilizers, and solubilizers to ensure optimal drug performance and patient compliance.

• The excipients market in Europe held the largest share of 37.21% in 2025, driven by the presence of innovative players focusing on advanced pharmaceutical solutions. Growing innovations in animal-free substitutes and plant-based excipients have attracted increasing attention from vegetarian and vegan consumers.

Excipients Market Segmentation

Grand View Research has segmented the global excipients market on the basis of product, formulation, function, and region:

Excipients Product Outlook (Revenue, USD Million, 2021 - 2033)

• Polymers

  • MCC

  • HPMC

  • Ethyl Cellulose

  • Methyl Cellulose

  • CMC

  • Croscarmellose Sodium

  • Povidone

  • Pregelatinized starch

  • Sodium starch glycolate

  • Polyethylene Glycol

  • Acrylic Polymers

• Alcohols

  • Glycerin

  • Propylene Glycol

  • Sorbitol

  • Mannitol

  • Others

• Sugar

  • Lactose

  • Sucrose

  • Others

• Minerals

  • Calcium Phosphate

  • Calcium Carbonate

  • Clay

  • Silicon Dioxide

  • Titanium Dioxide

  • Others

• Gelatin

Excipients Formulation Outlook (Revenue, USD Million, 2021 - 2033)

• Oral

• Topical

• Parenteral

• Others

Excipients Function Outlook (Revenue, USD Million, 2021 - 2033)

• Fillers and Diluents

• Suspending & Viscosity Agents

• Coating Agents

• Binders

• Flavoring Agents & Sweeteners

• Disintegrants

• Colorants

• Lubricants and Glidants

• Preservatives

• Emulsifying Agents

• Others

Excipients Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Excipients Market

• Eastman Chemical Corporation

• P&G Chemicals

• Avantor Performance Materials, LLC

• Huntsman Corporation

• BASF SE

• Ashland Inc.

• FMC Corporation

• Roquette

• Colorcon Inc.

• Lubrizol Corporation