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  • Sugar-Based Excipients Market Growth Analysis | 2023-2028

    Sugar-Based Excipients Market Growth Analysis | 2023-2028

    Sugar-Based Excipients Market Growth Analysis | 2023-2028
    Report code - SR1622 Delivery - 2 Weeks
    Sugar-Based Excipients Market Size, Share, Trends, Forecast, & Growth Analysis -& See more...

    Market Insights

    The sugar-based excipients market was estimated at USD 1.22 billion in 2022 and is likely to grow at a CAGR of 4.15% during 2023-2028 to reach USD 1.57 billion in 2028.

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    What is a sugar-based excipient?

    Sugar-based excipients can be defined as excipients that are most 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.

    COVID-19 Impact

    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.

    Sugar-Based Excipients Market Report Highlights

    Market Size in 2022

    USD 1.22 billion

    Market Size in 2028

    USD 1.57 billion

    Market Growth (2023-2028)

    4.15% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Key players operating in the 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)

    Market Dynamics

    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 the increasing prevalence of chronic diseases are likely to add to the market growth substantially during the review period. In addition to this, the expanding growth of the pharmaceutical industry in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

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    Segments Analysis

    By Formulation Type

    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 2022 and is projected to register a significant CAGR during the review period. The segment growth can be attributed to the increasing development of orally disintegrating tablets (ODTs).

    Regional Insights

    Geographically, the market in North America accounted for the largest market share in 2022 and is expected to register significant CAGR during the review period. The market growth can be attributed to the presence of an established pharmaceutical 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 pharmaceutical industry in developing countries, particularly China and India.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The sugar-based excipients market is segmented into the following categories.

    By Product Type

    • Actual Sugars
    • Sugar Alcohols
    • Artificial Sweeteners

    By Type

    • Powder/Granule
    • Crystal
    • Syrup

    By Functionality Type

    • Filler & Diluent
    • Tonicity Agents
    • Other

    By Formulation Type

    • Oral Formulations
    • Parenteral Formulations
    • Topical Formulations

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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    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

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Sugar-Based Excipients Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Sugar-based excipients can be defined as excipients that are most 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 was estimated at USD 1.22 billion in 2022.

    The sugar-based excipients market is likely to reach USD 1.57 billion in 2028.

    The sugar-based excipients market is expected to witness an impressive growth of 4.15% CAGR during 2023-2028.

    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) and Meggle (Germany) are among the key players in the market.

    The oral formulations segment is expected to register significant CAGR in the market in the next five years.

    North America accounted for the largest share of the market in 2022.

    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 the increasing prevalence of chronic diseases are likely to add to the market growth substantially during the review period. In addition to this, the expanding growth of the pharmaceutical industry in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.