(MENAFN- iCrowdNewsWire) The global sugar-based excipient market size is expected to reach USD 1,542.5 Million by 2028 at a CAGR of 4.5%, according to the latest report by Reports and Data. Increasing use of co-processed excipients to improve dissolution, bioavailability, growth in pharmaceuticals manufacturers, surging demand and production of Orally Disintegrated Tablets (ODT), rising demand of pharmaceuticals drugs, scientific development in genetics industry, and availability of low-cost manufacturing infrastructure, and technological advancements in sugar-based excipients are some key factors expected to drive market revenue growth over the forecast period.
Excipients are the inactive substances that are used in production of drugs specifically to conceal the effect or the bitterness of active agents present in drugs. Sugar-based excipients have been FDA-approved substances used in medicines given to children. Sugar-based excipients are most popularly used in antibiotics and cough syrups. They are primarily applicable in disintegration of Active Pharmaceutical Ingredients (API) present in medicines, and widely used in sucrose, glycerol, saccharin sodium, and sorbitol. Sugar-based excipients are also used as fillers, binders and coating materials, they reduces stickiness and enhance flavors of medicines, making it highly palatable.
Increasing government initiatives to support production of sugar-based excipients is one of the key factors expected to boost market revenue growth over the forecast period. There are lucrative opportunities to the market players operating in the global sugar-based excipients market because of rising expansion and development in pharmaceutical companies. Growing development in oral prescription medications, increasing adoption of co-processed excipients, and government support in drug advancement are some key factors expected to contribute to market growth going ahead. However, rising administrative demands lead to shortage of FDA-approved products, high costs of sugar-based excipients, and issues with the quality, and impurities present in sugar-based excipients are expected to hamper market growth to a certain extent over the forecast period.
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The report includes descriptive profiles of major companies, which consists of the legal names, headquarters, website, market standing, historical development, and top 5 closest competitors derived by inspecting their gross revenue, along with contact information. Every company's growth rate, gross revenue, and profit margin have also been discussed in the study. It also assesses other expansion tactics implemented by leading companies including mergers, acquisitions, and product launches.
Extensive profiles of over ten leading manufacturers and over ten retailers have also been included in the report, along with a historical assessment of the market for the years 2021 and 2027, highlighting the recent development observed in the market. The assessment includes accurate market insights into potential market opportunities and roadblocks in the industry. The report assimilates statistical data derived from authentic sources in the industry, facilitated by expert opinions.
Key players in the market include
DFE Pharma, Archer Daniels Midland Company, Ashland Inc., Roquette Group, The Lubrizol Corporation, Associated British Foods PLC, Cargill, Inc., Colorcon Inc., FMC Corporation, and Meggle AG.
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Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Actual Sugars
- Sugar Alcohols
- Artificial Sweeteners
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Coatings Powders/Granules
- Direct Compression Sugars
- Crystals, Syrups
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In-depth regional analysis includes:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report segments Sugar-Based Excipients market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.
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