Biological Excipient Market Revenue was valued at USD 4.2 Billion in 2024 and is estimated to reach USD 7.5 Billion by 2033, growing at a CAGR of 7% from 2026 to 2033.
The South Korea Biological Excipient Market has been steadily evolving with increasing demand from pharmaceutical and biotechnological industries. Biological excipients are crucial in drug formulations, particularly in biologics, vaccines, and cell and gene therapies. As the pharmaceutical sector focuses on more advanced treatments, the demand for high-quality excipients is expected to rise significantly. This shift is primarily driven by the increasing number of biologics entering the market and the need for excipients that can maintain the stability and efficacy of these complex drugs.
Types of excipients commonly used in South Korea include stabilizers, preservatives, solubilizers, and buffers. Among these, stabilizers and preservatives are vital in maintaining the integrity of biologics during storage and transportation. The need for solubilizers has also surged due to the growing complexity of biologic molecules, which are often less soluble than traditional small-molecule drugs. Buffers are essential in maintaining the optimal pH levels of biologics, ensuring their effectiveness and safety.
Industries in South Korea are increasingly focused on sourcing excipients that meet stringent regulatory standards while offering functionality tailored to biologic formulations. Biopharmaceutical companies in the country require excipients that enhance drug stability, improve patient compliance, and reduce adverse effects. Additionally, South Korea's strong emphasis on research and development is driving innovation in excipient formulations, making the market more dynamic and competitive. The demand for excipients that meet the evolving needs of biologics, such as those used in personalized medicine, is rising. These tailored solutions allow for precise dosing, minimal side effects, and improved drug delivery systems.
Moreover, the integration of advanced technologies such as nanotechnology and biotechnology in excipient production is revolutionizing the market. As a result, South Korea is poised to be a major player in the global biological excipient market, addressing the growing demand for biologics while ensuring the highest standards of quality and safety in pharmaceutical manufacturing.
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Ashland Inc.
BASF Corporation
Colorcon Inc.
Evonik Industries
FMC Corporation
The Archer Daniels Midland Company
The Dow Chemical Company
Wacker Chemie AG.
Merck KGaA
Colorcon
Associated British Foods plc
Signet Excipients Pvt. Ltd (IMCD)
Sigachi Industries Limited
Spectrum Chemical Manufacturing Corp.
IMCD
Clariant
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Biological Excipient Market
Proteins
Carbohydrates
Lipids
Nucleic Acids
Polymers
Vaccines
Biopharmaceuticals
Cell Culture Media
Gene Therapy
Diagnostics
Semi-solid Formulations
Liquid Formulations
Lyophilized Formulations
Solid Formulations
Pharmaceutical Companies
Biotechnology Companies
Research Institutions
Contract Manufacturing Organizations
Academic Laboratories
Natural Sources
Synthetic Sources
Recombinant Sources
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Biological Excipient Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Biological Excipient Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Biological Excipient Market, By Type
6. South Korea Biological Excipient Market, By Application
7. South Korea Biological Excipient Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Biological Excipient Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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