Global Sugar Excipients Market 2019: Industry Analysis, Size, Share, Revenue and Forecast
Research Report segments the Sugar excipients Market based on product, type, functionality, formulation, and region. The Research Report on Sugar excipients Market provides a detailed overview of Growth in this market can be attributed to factors such as increasing use of co-processed excipients, rapid growth in the generics market due to the patent expiration of many blockbuster drugs and increasing development of orally disintegrating tablets (ODTs).
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 (ODTs) are expected to propel the growth of this market.
However, stringent regulatory requirements leading to a shortage 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.
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.
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.
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