Stratview Research delivers key insights on the global Sugar-Based Excipients Market. According to Stratview Research, the market is segmented By Product (Actual Sugars, Sugar Alcohols, Artificial Sweeteners), Type (Powder/Granule, Crystal, Syrup), Functionality (Filler & Diluent, Tonicity Agents, Other), Formulation (Oral Formulations, Parenteral Formulations, Topical Formulations) and Region.
Market Insights
The report suggests that the overall Sugar-Based Excipients Market is expected to grow from USD 1.18 billion in 2021 to USD 1.57 billion by 2028 at a CAGR of over 4.15% during the forecast period of 2022-2028.
Market Segments' Analysis
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 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the increasing development of orally disintegrating tablets (ODTs).
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the presence of an established pharmaceuticals 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 pharmaceuticals industry in developing countries, particularly China and India.
Key Players
The following are some of the key players in the Sugar-Based Excipients Market:
· 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)
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