Global Pharmaceutical Excipient Market Size, Trends & Growth Opportunity, By Product, By Functionality, By Application, By Region & forecast till 2027.
Global Pharmaceutical Excipient Market
Global Pharmaceutical Excipient Market was valued at US$ 7.9 Bn in 2021, would shoot up to US$ 11.9 Bn by 2027 at a CAGR 5.9% from 2022-2027.
An Excipient is a pharmacologically active or inactive material with no therapeutic properties that help to strengthen the tablet formation. An Excipient contributes to the drug stability, flavour, and efficacy. Excipients are the essential component of pharmaceutical items that primarily determine the structure of dosage type and its part in conveying drug. Excipients wholly enhance the method capacity, elegance, productivity, and patient compliance with the dosage form.
Market Drivers
One of the major elements that driving the growth of Global Pharmaceutical Excipient Market is increasing biopharmaceutical industry. The growth of Global Pharmaceutical Excipient Market is because of rising prevalence of chronic diseases are also rising the demand for medicines and boosting the demand for pharmaceutical excipient. Additionally, rising number of R&D activities drive Global Pharmaceutical Excipient Market. Growing demand for functionality excipient is also expected to contribute to the growth of the pharmaceutical excipients market share.
Market Restraints
Pharmaceutical excipient market experiences some challenges that might limit the pharmaceutical excipient market share from reaching its potential. Although cost and time-intensive drug development procedure may hamper the growth of The Global Pharmaceutical Excipient Market. The sales of pharmaceutical excipient are hampered to certain extent by factors like decreasing investment in R&D by excipients manufactures and rising regulatory regulatory requirements leading to lack of U.S FDA-approved productions sites. Firm government regulation and changing trade policies will restrain the growth of pharmaceutical excipient market.
Market Segmentation
The Global Pharmaceutical Excipient is segmented into Product, Functionality, Application. By Product Type such as Organic Chemicals, Inorganic Chemicals, Others. By Functionality such as Fillers and Diluents, Suspending and Viscosity Agents, Coating Agents, Binders, Flavoring Agents and Sweeteners, Colorants, Other. By Application such as Oral, Topical, Parenteral, Other.
Regional Analysis
The Global Pharmaceutical Excipient is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe accounted for largest share of the market. Asia-Pacific on the other hand is expected to exhibit the highest growth rate during the forecast period owing to the rising incidence of chronic diseases and growing investment in the pharmaceutical sector in this region.
Key Players
Various Key Players are listed in this report such as Ashland Global Holdings Inc, BASF SE, International Flavors & Fragrances, Inc., Evonik Industries AG, Roquette Frères, Associated British Foods plc, Archer Daniels Midland Company, Lubrizol Corporation, Innophos Holdings, Kerry Group plc.
Market Taxonomy
Product Type
- Organic Chemicals
- Inorganic Chemicals
- Others.
- Fillers and Diluents
- Suspending and Viscosity Agents
- Coating Agents
- Binders
- Flavoring Agents and Sweeteners
- Colorants
- Other
- Oral
- Topical
- Parenteral, Other.
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa.
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Pharmaceutical Excipient Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Pharmaceutical Excipient Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Pharmaceutical Excipient Market Share Analysis, By Product
- 5.3 Global Pharmaceutical Excipient Market Size and Forecast, By Product
- 5.3.1 Radioimmunoassay (RIA)
- 5.3.2 Enzyme Immunoassays (EIA)
- 5.3.3 Rapid Test
- 5.3.4 Others
- 6 Global Pharmaceutical Excipient Market, By Product
- 6.1 Y-o-Y Growth Comparison, By Product
- 6.2 Global Pharmaceutical Excipient Market Share Analysis, By Product
- 6.3 Global Pharmaceutical Excipient Market Size and Forecast, By Product
- 6.3.1 Organic Chemicals
- 6.3.2 Inorganic Chemicals
- 6.3.3 Others.
- 7 Global Pharmaceutical Excipient Market, By Functionality
- 7.1 Y-o-Y Growth Comparison, By Functionality
- 7.2 Global Pharmaceutical Excipient Market Share Analysis, By Functionality
- 7.3 Global Pharmaceutical Excipient Market Size and Forecast, By Functionality
- 7.3.1 Fillers and Diluents
- 7.3.2 Suspending and Viscosity Agents
- 7.3.3 Coating Agents
- 7.3.4 Binders
- 7.3.5 Flavoring Agents and Sweeteners
- 7.3.6 Colorants
- 7.3.7 Other
- 8 Global Pharmaceutical Excipient Market, By Application
- 8.1 Y-o-Y Growth Comparison, By Application
- 8.2 Global Pharmaceutical Excipient Market Share Analysis, By Application
- 8.3 Global Pharmaceutical Excipient Market Size and Forecast, By Application
- 8.3.1 Oral
- 8.3.2 Topical
- 8.3.3 Parenteral
- 8.3.4 Other.
- 9 Global Pharmaceutical Excipient Market, By Region
- 9.1 Global Pharmaceutical Excipient Market Share Analysis, By Region
- 9.2 Global Pharmaceutical Excipient Market Share Analysis, By Region
- 9.3 Global Pharmaceutical Excipient Market Size and Forecast, By Region
- 10 North America Immunoassay Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 North America Immunoassay Market Share Analysis, By Product
- 10.3 North America Immunoassay Market Size and Forecast, By Functionality
- 10.4 North America Immunoassay Market Size and Forecast, By Application
- 10.6 North America Immunoassay Market Size and Forecast, By Country
- 10.7.1 U.S.
- 10.7.2 Canada
- 10.7.3 Mexico
- 11 Europe Immunoassay Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Europe Immunoassay Market Share Analysis, By Product
- 11.3 Europe Immunoassay Market Size and Forecast, By Functionality
- 11.4 Europe Immunoassay Market Size and Forecast, By Application
- 11.5 Europe Immunoassay Market Size and Forecast, By Country
- 11.5.1 Germany
- 11.5.2 France
- 11.5.3 UK
- 11.5.4. Rest of Europe
- 12 Asia Pacific Immunoassay Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Asia Pacific Immunoassay Market Share Analysis, By Product
- 12.3 Asia Pacific Immunoassay Market Size and Forecast, By Functionality
- 12.4 Asia Pacific Immunoassay Market Size and Forecast, By Application
- 12.5 Asia Pacific Immunoassay Market Size and Forecast, By Country
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4. Rest of Asia Pacific
- 13 Latin America Immunoassay Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Latin America Immunoassay Market Share Analysis, By Product
- 13.3 Latin America Immunoassay Market Size and Forecast, By Functionality
- 13.4 Latin America Immunoassay Market Size and Forecast, By Application
- 13.5 Latin America Immunoassay Market Size and Forecast, Country
- 13.5.1. Brazil
- 13.5.2. Rest of Latin America
- 14 Middle East Immunoassay Market Analysis and Forecast (2022-2027)
- 14.1 Introduction
- 14.2 Middle East Immunoassay Market Share Analysis, By Product
- 14.3 Middle East Immunoassay Market Size and Forecast, By Functionality
- 14.4 Middle East Immunoassay Market Size and Forecast, By Application
- 14.5 Middle East Immunoassay Market Size and Forecast, By Country
- 14.5.1. Saudi Arabia
- 14.5.2. UAE
- 14.5.3. Egypt
- 14.5.4. Kuwait
- 14.5.5. South Africa
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Ashland Global Holdings Inc
- 16.1.1 Overview
- 16.1.2 Products
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 BASF SE
- 16.2.1 Overview
- 16.2.2 Products
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 International Flavors & Fragrances Inc
- 16.3.1 Overview
- 16.3.2 Products
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 Evonik Industries AG
- 16.4.1 Overview
- 16.4.2 Products
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Roquette Frères
- 16.5.1 Overview
- 16.5.2 Products
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 Associated British Foods plc
- 16.6.1 Overview
- 16.6.2 Products
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Archer Daniels Midland Company
- 16.7.1 Overview
- 16.7.2 Products
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 Lubrizol Corporation
- 16.8.1 Overview
- 16.8.2 Products
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 Innophos Holdings
- 16.9.1 Overview
- 16.9.2 Products
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 Kerry Group plc
- 16.10.1 Overview
- 16.10.2 Products
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
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