Sugar Based Excipients Market Report

Market Insights

What are sugar-based excipients?

Sugar-based excipients can be defined as excipients that are most commonly used in oral medication. It is primarily used for medicines directed to children. It finds usage in various applications including sucrose, saccharin sodium, glycerol, sorbitol, and others.

The Sugar-Based Excipients Market is expected to grow from USD 1.1 billion in 2020 to USD 1.4 billion by 2026 at a CAGR of over 4.1% during the forecast period.

Figure: Sugar-Based Excipients Market Size, 2020-2026 (USD Billion)

Wish to get a free sample? Register Here

Market Drivers

The growth of the sugar-based excipients market is primarily driven by its widespread use as an active pharmaceutical ingredient in drug formulation. The rapid growth of the generics market and increasing prevalence of chronic diseases is likely to add to the market growth substantially during the review period. In addition to this, expanding growth of the pharmaceuticals industry in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact on Sugar-Based Excipients Market

The covid-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the sugar-based excipients market as supply chain disruptions due to trade restrictions affected the product availability on demand.

Segments' Analysis

Formulation Trends

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).

Regional Trends

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.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Sugar-Based Excipients market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

• What are the key trends in the Sugar-Based Excipients market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Sugar-Based Excipients market?
• What are the key strategies adopted by the major vendors to lead in the Sugar-Based Excipients market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Key Players

Key players operating in the Sugar-Based Excipients Market are-

• 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)

Target Audience

Here is the list of the group of customers that the sugar-based excipients market hopes to have the greatest opportunity to convert-

• Sugar-based excipients manufacturers
• Sugar-based excipients suppliers
• Sugar-based excipients distributors
• Organizations
• Government bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.