Pharmaceutical Excipients Market to Grow with a CAGR of 5.25% through 2030
Rising Prevalence of Chronic Diseases is expected to
drive the Global Pharmaceutical Excipients Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Pharmaceutical Excipients- Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global
Pharmaceutical Excipients Market stood at USD 8.52 Billion in 2024 and is
anticipated to grow with a CAGR of 5.25% through 2030. Chronic diseases
often require long-term or continuous treatment, leading to a significant rise
in demand for pharmaceuticals. Excipients, which are integral to drug
formulations, ensure the stability, bioavailability, and proper release of
active pharmaceutical ingredients (APIs) in these treatments. Many chronic
conditions necessitate complex formulations, such as sustained or
controlled-release medications, to effectively manage the condition over time.
These formulations rely on specialized excipients to maintain the drug's
efficacy, safety, and stability. For example, medications for chronic pain or
diabetes may require excipients that enable controlled or extended release. As
the number of individuals with chronic conditions grows, so does the volume of
prescriptions, further increasing the need for excipients in drug formulations.
The aging population, especially in developed countries, is more prone to
chronic diseases, resulting in higher demand for pharmaceutical treatments.
Older adults often require multiple medications to manage chronic health
issues, further driving the need for excipients. Ultimately, the rising
prevalence of chronic diseases leads to a greater demand for pharmaceuticals,
with excipients playing a vital role in ensuring these drugs are effective,
safe, and stable for long-term use.
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Global Pharmaceutical Excipients Market is
segmented into product, functionality, formulation, regional distribution, and company.
Based on Functionality, Fillers & Diluents emerged as the dominating segment
in the global market for Pharmaceutical Excipients in 2024. Fillers and diluents play a crucial role in the formulation of tablets,
capsules, and other solid oral dosage forms, which are among the most widely
prescribed and consumed medications globally. These excipients provide the
necessary bulk to ensure consistent dosing and uniformity, making them vital
for the production of oral drugs. Typically, fillers are low-cost materials
that increase the volume of a medication without impacting its therapeutic
effectiveness, making them particularly important in the production of
cost-efficient drugs, especially in the growing generic drug market where
affordability is key. Fillers are well-established in terms of safety and
regulatory approval, having been extensively tested for compatibility with
active pharmaceutical ingredients (APIs), which ensures their reliability in
drug formulations. Available in various forms such as sugars, starches,
cellulose, and other organic and inorganic substances fillers offer significant
flexibility. This versatility allows manufacturers to tailor formulations to
meet specific needs, such as enhancing solubility, improving stability, or
ensuring controlled release of the active ingredient. As the consumption of
generic drugs continues to rise, particularly in markets like North America and
Europe, the demand for excipients, especially fillers and diluents, has surged.
The growing popularity of extended-release tablets and larger tablets, designed
to improve patient compliance, also drives the need for fillers, as these
formulations require larger quantities of excipients to maintain their size and
stability, further reinforcing the dominance of fillers in the market.
Based on Region, the Asia Pacific region is expected
to be fastest growing region during the forecast period in global Pharmaceutical Excipients market. The Asia Pacific
region is experiencing rapid growth in its pharmaceutical markets, fueled by
the rising production of both generic and branded medications. Countries such
as China and India boast large, well-established pharmaceutical manufacturing
sectors that are expanding quickly in response to growing healthcare needs and
enhanced drug production capabilities. This increase in medicine demand
directly drives the need for pharmaceutical excipients. Many Asia Pacific
nations are investing significantly in healthcare infrastructure, improving
access to essential medications and healthcare services, which in turn boosts
the demand for pharmaceuticals and excipients used in drug formulations. The
rise in chronic lifestyle diseases like diabetes, hypertension, and
cardiovascular conditions further amplifies the demand for pharmaceuticals,
thereby driving the need for excipients. Additionally, the aging populations in
markets such as Japan and China contribute to the heightened demand for
healthcare solutions. India and China, as major hubs for generic drug
manufacturing, account for a significant portion of global generic drug
production, which relies heavily on excipients. The region’s growing focus on
innovative drug development, including biologics and advanced drug delivery
systems, is also increasing the need for specialized excipients. These factors lead to rapid pharmaceutical industry growth, improved healthcare access,
rising chronic disease prevalence, the booming generic drug market, cost-effective
manufacturing, and advancements in drug development, are all driving the swift
expansion of the pharmaceutical excipients market in Asia Pacific.
Major companies operating in Global Pharmaceutical Excipients Market are:
- BASF SE
- Origin
Instruments Corporation
- Ashland Global
Holdings
- DuPont de
Nemours, Inc.
- Roquette Feres
- Evonik
Industries AG
- Associated
British Foods
- Archer Daniels
Midland Company
- Lubrizol
Corporation
- Croda
International
- Kerry Group
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“The
global pharmaceutical excipients market is evolving in response to increasing
demand for more personalized, innovative, and sustainable drug formulations.
With advancements in drug delivery systems, excipients are becoming
increasingly specialized to meet the needs of biologics, gene therapies, and
precision medicine. Additionally, there is a growing emphasis on excipients
derived from renewable sources, as sustainability becomes a key factor in
pharmaceutical manufacturing. Regulatory frameworks are also strengthening
globally, pushing for higher standards and safety profiles for excipients. This
dynamic environment is driving growth in the market, as companies seek to align
with these trends to develop cutting-edge, cost-effective healthcare solutions”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Pharmaceutical Excipients Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Organic
Chemicals, Oleochemicals(Fatty Alcohols, Metal Stearates, Glycerin, Other),
Carbohydrates(Sugars, Alcohol, Starches), Petrochemicals, Proteins, Calcium
Phosphate, Metal Oxides, Halites, Calcium Carbonate, Calcium Sulphate, Others),
By Functionality (Fillers & Diluents, Suspending & Viscosity Agents,
Coating Agents, Binders, Flavoring Agents & Sweeteners, Disintegrants,
Colorants, Lubricants & Glidants, Preservatives, Emulsifying Agents,
Others), By Formulation (Oral Formulations, Tablets, Capsules(Hard-gelatin
Capsules, Soft-gelatin Capsules), Liquid Formulations, Topical Formulations,
Parenteral Formulations, Other), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global
Pharmaceutical Excipients Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Pharmaceutical
Excipients Market.
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