Sugar-Based Excipients Market 2020, Global Industry Analysis,Share, Trends, Status and Future Forecast

According to the new market research report “Sugar-Based Excipients Market by Product (Actual Sugars, Sugar Alcohols, Artificial Sweeteners), Type (Powder/Granule, Crystal, Syrup), Functionality (Filler & Diluent, Tonicity Agents), Formulation (Oral, Topical, Parenteral) – Global Forecast” published by MarketsandMarkets™.

The Global Sugar-Based Excipients Market is estimated to grow at a CAGR of 4.3%, to reach USD 1,060.6 Million.

Market Growth Drivers:

• Increasing Use of Co-Processed Excipients
• Patent Cliffs Driving the Demand for Sugar Excipients in the Generics Market
• Increasing Development of Orally Disintegrating Tablets (ODTS)
• Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries

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Market Segmentation in Detailed:

Based on product, the market is segmented into actual sugars, sugar alcohols, and artificial sweeteners.

Based on type, the market is segmented into powders/granules, direct compression sugars, crystals, and syrups. Similarly, on the basis of functionality, the market is segmented into fillers & diluents, flavoring agents, tonicity agents, and other functionalities.

Based on formulation, this market is segmented into oral formulations, parenteral formulations, topical formulations, and other formulations.

Based on functionality, fillers & diluents segment accounted for the largest share in this market. The large share of this segment is primarily attributed to huge utilization of fillers and diluents in the development and production of oral dosage forms such as tablets, capsules, and syrups.

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Geographical Regions Mapped in Report:

Europe is the largest regional segment for the global sugar excipients market. The large share of this regional segment can be attributed to increasing investments in drug development, increasing production of generic drugs, and favorable government initiatives in the region. The market in the Asia-Pacific region is expected to register the highest CAGR owing to the significant growth in the regional healthcare market as well as the pharmaceutical industry, growing scientific base and capability, and favorable government policies, and low-cost manufacturing advantage in this region.

The Maior Key Players Mapped in Research Report:

Roquette Group (France), DFE Pharma (Germany), BASF SE (Germany), and Ashland Inc. (U.S.), held the major share of the sugar excipients market, and are expected to dominate the market during the forecast period. Other major players in this market are Associated British Foods Plc (U.K.), Cargill, Inc. (U.S.), Colorcon, Inc. (U.S.), FMC Corporation (U.S.), MEGGLE AG (Germany), and The Lubrizol Corporation (U.S.).

sugar excipients Market Research Report 2019 By Key players and Growth Rate

The Research Report on Sugar excipients Market, which Contains 125 market data tables and 34 figures spread through 187 pages and in-depth TOC, covers Global Market overview.

Major Key Players detailed Analysis, market opportunities, market risk, the forecast for the next five years, major driving factors for the market as well as detailed analysis for CAGR, scope, research findings, leading key players marketing strategy to acquire major market in the form of revenue.

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Research Report segments the Sugar excipients Market based on product, type, functionality, formulation, and region.

However, stringent regulatory requirements leading to a short age of FDA-approved manufacturing sites can hinder their market growth to a certain extent.

Sugar excipients Market Based on Product;

On the basis of product, the global market is segmented into actual sugars, sugar alcohols, and artificial sweeteners. the actual sugar segment accounted for the largest share of the market. The large share of this segment is primarily attributed to its high utilization in oral formulations and pediatric formulations due to its non-toxicity and negligible reaction with drugs.

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Sugar excipients Market Based on Type;

Based on type, the market is segmented into powders/granules, direct compression sugars, crystals, and syrups. The powders/granules segment accounted for the largest share of global sugar excipients market. The large share of the powders/granules segment is mainly attributed to its wide use in various types of formulations in the pharmaceutical industry.

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Major Key Players Operating in Global Sugar excipients Market:

Roquette Group (France), DFE Pharma (Germany), BASF SE (Germany), and Ashland Inc. (U.S.), held the major share of the sugar excipients market, and are expected to dominate the market during the forecast period.

The leading position of Roquette Group (France) in this market is primarily attributed to its strong presence in the sugar excipients market with a broad spectrum of products with proven effectiveness. The company operates its business across more than 100 countries worldwide. It emphasizes on increasing its market presence and geographical network majorly through expansions and acquisitions.

Sugar-Based Excipients Market 2019 Geographical Segmentation

The increasing use of co-processed excipients to improve the dissolution, bioavailability, and solubility of recently developed active pharmaceutical ingredients (APIs), rapid growth in the generics market due to the patent expiration of many blockbuster drugs and increasing development of orally disintegrating tablets (ODT) are expected to propel the growth of this market.

The global Sugar-Based Excipients Market is segmented on the basis of product, type, functionality, formulation, and region.

Don’t miss out on business opportunities in Sugar-Based Excipients Market

Geographically, the global Sugar-Based Excipients Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, Europe commanded a major share of the global market. Europe’s largest share is primarily attributed to the increasing investments in drug development, increasing the production of generic drugs, and favorable government initiatives in the region. North America, represents the second largest market for sugar excipients. 

Factors such as the presence of a large number of global pharmaceutical companies and increasing demand of generic drugs due to patent expiration of blockbuster drugs are majorly contributing to the growth of the market in this region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to the significant growth in the regional healthcare market as well as the pharmaceutical industry, growing scientific base and capability, and favorable government policies, and low-cost manufacturing advantages in this region.

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