Sugar-Based Excipients Market Growth Analysis | 2023-2028

Market Insights

The sugar-based excipients market was estimated at USD 1.22 billion in 2022 and is likely to grow at a CAGR of 4.15% during 2023-2028 to reach USD 1.57 billion in 2028.

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Market Dynamics

Introduction

Sugar-based excipients can be defined as excipients that are most used in oral medication. It is primarily used for medicines directed to children. It finds usage in various applications including sucrose, saccharin sodium, glycerol, sorbitol, and others.

COVID-19 Impact

The COVID-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the sugar-based excipients market as supply chain disruptions due to trade restrictions affected the product availability on demand.

Market Drivers

The growth of the sugar-based excipients market is primarily driven by its widespread use as an active pharmaceutical ingredient in drug formulation. The rapid growth of the generics market and the increasing prevalence of chronic diseases are likely to add to the market growth substantially during the review period. In addition to this, the expanding growth of the pharmaceutical industry in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

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Key Players

Key players operating in the market are:

• Ashland Global Specialty Chemicals Inc. (US)
• The Archer-Daniels-Midland Company (US)
• BASF SE (Germany)
• DFE Pharma (Germany)
• Roquette (France)
• Associated British Foods plc (UK)
• Cargill, Inc. (US)
• Colorcon Incorporated (US)
• FMC Corporation (US)
• The Lubrizol Corporation (US)
• Meggle (Germany)

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Formulation Type

Based on formulation, the market has been segmented into oral formulations, parenteral formulations, and topical formulations. The oral formulations segment accounted for the largest market share in 2022 and is projected to register a significant CAGR during the review period. The segment growth can be attributed to the increasing development of orally disintegrating tablets (ODTs).

Regional Insights

Geographically, the market in North America accounted for the largest market share in 2022 and is expected to register a significant CAGR during the review period. The market growth can be attributed to the presence of an established pharmaceutical industry coupled with increasing spending on orally disintegrating tablets. The market in Asia-Pacific is expected to be driven by the increasing growth of the pharmaceutical industry in developing countries, particularly China and India.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects sugar-based excipients market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The sugar-based excipients market is segmented into the following categories.

By Product Type

• Actual Sugars
• Sugar Alcohols
• Artificial Sweeteners

By Type

• Powder/Granule
• Crystal
• Syrup

By Functionality Type

• Filler & Diluent
• Tonicity Agents
• Other

By Formulation Type

• Oral Formulations
• Parenteral Formulations
• Topical Formulations

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].