Straits Research is pleased to announce the release of its latest market analysis report on the Global Sugar-Based Excipients Market Size. The market, valued at USD 1.04 billion in 2022, is projected to grow steadily, reaching USD 1.56 billion by 2031 at a CAGR of 4.6% during the forecast period (2023–2031). This growth is driven by increasing demand for pharmaceutical excipients, advancements in drug formulations, and the rising preference for sugar-based excipients in oral solid dosage forms.
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Market Definition and Latest Trends
Sugar-based excipients are inactive substances used in drug formulations to aid in the manufacturing process, improve drug stability, and enhance patient compliance through better taste and texture. They are widely used in oral medications, including tablets and syrups.
Latest Market Trends:
Increased Demand for Pediatric and Geriatric-Friendly Drug Formulations: Sweeteners and sugar-based excipients improve taste and texture, enhancing patient compliance.
Advancements in Pharmaceutical Manufacturing Techniques: Innovations in sugar alcohols and artificial sweeteners are driving adoption.
Focus on Sustainable and Natural Sources: Rising preference for naturally derived excipients aligns with global sustainability goals.
Key Growth Factors:
Growing pharmaceutical production and demand for oral medications.
Rising awareness of sugar-based excipients' role in improving drug palatability and stability.
Increased research and development in novel drug formulations.
Key Market Opportunities:
Expansion in emerging markets with a growing pharmaceutical sector.
Rising demand for specialized excipients for biologics and personalized medicines.
Technological advancements in excipient production and formulation techniques.
By Product:
Actual Sugar
Artificial Sweeteners
Sugar Alcohol
By Type:
Crystals
Powders
Compression Sugars
Syrups
By Application:
Diluents
Fillers
Tonicity Agents
Flavoring Agents
By Formulation:
Oral
Parenteral
Topical
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Dominated Region: Europe holds the largest market share, driven by a strong pharmaceutical industry and innovation in drug formulations.
Fastest Growing Region: Asia-Pacific is expected to witness the highest growth, fueled by rising healthcare infrastructure and pharmaceutical production.
Colorcon Inc.
Associated British Foods PLC
Cargill, Inc.
DFE Pharma
Roquette Group
The Lubrizol Corporation
Ashland Inc.
Meggle AG
Archer Daniels Midland Company
FMC Corporation
BASF SE
MB Sugars & Pharmaceuticals
Citron Scientific
Harshad Agencies
Emilio Castelli
New Zealand Pharmaceuticals Limited
IMCD Pharma
Pfanstiehl, Inc.
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With the growing demand for pharmaceutical excipients and continuous advancements in formulation technology, the sugar-based excipients market is set to witness significant growth in the coming years. Straits Research remains committed to delivering accurate market insights and strategic recommendations for stakeholders and industry players.
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