Excipients Market Size To Reach $13.05 Billion By 2030

Excipients Market Growth & Trends

The global excipients market size is expected to reach USD 13.05 billion by 2030, registering a CAGR of 4.03% over the forecast period, 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

• Polymer excipients accounted for the largest revenue share in 2022 and is anticipated to dominate the market in the upcoming years owing to high demand

• The global demand for sugar excipients was valued at over USD 1.02 billion in 2022 and is estimated to witness significant growth over the forecast period

• Oral formulation segment held the largest market share in 2022. The high volume usage of oral formulation increases the demand for excipients such as stabilizers, emulsifiers, polymers, and solubilizing agents

• Binders held the largest market share by function, attributable to their use in formulations for strengthening the bonding between particles and imparting flexibility in tablets and granules

• The market in Asia Pacific is projected to witness fastest growth of 4.3% over the course of the forecast period. Several development projects undertaken across major economies, especially in emerging excipients markets are responsible for high growth.

Excipients Market Segmentation

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

Excipients Product Outlook (Volume in Tons; Revenue in USD Million, 2018 - 2030)

• 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 in USD Million, 2018 - 2030)

• Oral

• Topical

• Parenteral

• Others

Excipients Function Outlook (Revenue in USD Million, 2018 - 2030)

• Fillers and Diluents

• Suspending & Viscosity Agents

• Coating Agents

• Binders

• Flavoring Agents & Sweeteners

• Disintegrants

• Colorants

• Lubricants and Glidants

• Preservatives

• Emulsifying Agents

• Others

Excipients Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Denmark

  • Norway

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • 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

• Valeant

• JRS Pharma

• Shin-Etsu Chemical Co., Ltd.

• DFE Pharma

• Finar Limited