(MENAFN- America News Hour) Sugar-based excipients are being widely used in the pharmaceutical industry for the preparation of several tablets to mask the bitter taste. This market is receiving a good recognition at the global level. And most pharma companies are accepting it with open hands. This boosts the market share and makes a base for the growth in next 10 to 15 years.
It is estimated that by 2021, the revenue of the sugar-based auxiliary materials market will exceed US$1 billion, and it may grow at a compound annual growth rate of approximately 5% during the period from 2022-2030. Sugar-based excipients have been widely accepted as ingredients in the preparation of pharmaceutical tablets. They can be used to mask the bitter taste of active agents and make them more palatable. As direct compression has become the preferred method of tableting, the demand for tabletable sugar-based excipients has increased.
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The factors driving the growth of this market mainly include the increase in the use of co-processing excipients and the expiration of many very successful drugs. Patents have led to the rapid growth of the generic drug market and the continuous development of orally disintegrating tablets. However, strict regulatory requirements that lead to a shortage of FDA-approved products tend to slow down market growth to a certain extent. The world market for sugar-based excipients is divided into real sugars, sugar alcohols and artificial sweeteners by product.
According to the type, the market is divided into powder, compressed sugar, crystal and syrup. According to different applications, the market is divided into fillers, thinners, tonics and flavors. Geographically, the market has been analyzed in North America, Europe, Asia Pacific and LAMEA.
Major market players:
DFE Pharma, BASF SE, Ashland Inc., Archer Daniels Midland Company, MEGGLE AG, Associated British Foods Plc, Cargill, Inc., FMC Corporation and The Lubrizol Corporation.
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Complete information on product mix provided by major players in the sugar excipients market. The report analyzes the sugar excipients market by product, type, function, formula and region. Provide detailed information about upcoming regional trends, events, research and development, and new product launches in the sugar excipients market. In-depth evaluation of the growth strategies and product supply of major players in the sugar excipients market. This report provides an extensive analysis of current and emerging market trends and dynamics. The world market for sugar excipients. From 2016 to 2023, this will help identify the next market opportunity.
Geographically, the global market for sugar excipients has been analyzed in North America, Europe, Asia Pacific and LAMEA. Comprehensive analysis of factors that promote and hinder the growth of the global sugar excipients market provides by-products, real sugar alcohol artificial sweeteners by type, powder/granules, direct compression of crystalline syrups by applying fillers and diluents to flavor tonics.
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Main market regions:
The study on Sugar-based excipient market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global sugar-based excipient market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Eli
Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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