Excipients in Pharmaceuticals: Global Markets to 2029

Report Code: PHM010M

Publish Date: Sep 2024

Publisher: BCC Publishing

Category: Pharmaceuticals

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Report Highlights

The global market for pharmaceutical excipients was valued at $9.2 billion in 2023. It is expected to grow from $9.6 billion in 2024 to $12.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2029.

Report Includes

  • 73 data tables and 33 additional tables
  • An overview of the global market for excipients in pharmaceuticals industry
  • Analysis of global market trends, featuring historical revenue data from 2021 to 2023, estimated figures for 2024, and projected CAGRs through 2029
  • Evaluation of the current market’s size and revenue growth prospects, along with a market share analysis by material, product type, dosage form, route of administration, end user and region
  • A look at the innovations, technological advances, clinical trials, and recent product launches
  • Analysis of the industry’s regulatory framework and policies
  • A discussion of ESG challenges and ESG practices in the industry
  • An analysis of the key companies’ market shares, proprietary technologies, strategic alliances and patents
  • Profiles of the leading players, including ADM, BASF SE, Roquette Frères, Ashland Global, and Croda International Plc.

Report Scope

This report provides a comprehensive summary of pharmaceutical excipients, along with a discussion of the competitive landscape and profiles of key market players that highlight revenues, product portfolios, and recent activities. The report analyzes trends and dynamics, including drivers, limitations, challenges and opportunities. This research study discusses historical, current and potential market size. The report will enable market players and new entrants to make informed decisions about the production and licensing of goods and services. Organizations, distributors and exporters will find useful information about market developments and trends. The report segments the market by three product types: organic, inorganic or water that meets the standards of the U.S. Pharmacopeia (USP). Regional and country-level market analysis is provided for all the major segments. The market excludes the excipients used in the cosmetics, food and beverage, and chemical industries.

The market is divided into segments as follows:

By excipient material type:

  • Organic.
  • Inorganic.
  • USP water.

By organic type:

  • Carbohydrates.
  • Petrochemicals.
  • Oleochemicals.
  • Proteins.
  • Other organic excipients.

By inorganic type:

  • Calcium salts.
  • Halites.
  • Metal oxides.
  • Silicates.
  • Other inorganic excipients.

By dosage form:

  • Solid dosage form.
  • Liquid dosage form.
  • Semisolid dosage form.
  • Other dosage forms.

By administration route:

  • Oral.
  • Injectable.
  • Topical.
  • Advanced drug delivery.

By end user:

  • Pharmaceutical companies.
  • Contract formulators.
  • Research institutes.
  • Other end users.

For each area, for the base year of 2023, BCC Research identified the current products in the market as well as market drivers; measured the current market size; quantified current company market shares; and made forecasts for 2029.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $9.2 Billion
Market size forecast $12.3 Billion
Growth rate CAGR of 5.1% from 2024 to 2029
Units considered $ Millions
Segments covered By Material Type, Dosage Form, Route of Administration, End User, and Region
Regions covered North America, Europe, Asia-Pacific, Latin America, and Rest of the World
Key Market Drivers
  • Increasing pharmaceutical and biopharmaceutical consumption
  • Growing demand for functional and novel excipients
  • Instant sourcing of excipients
Companies studied
ASAHI KASEI CORP.ADM
ASHLANDBASF
CRODA INTERNATIONAL PLCEVONIK INDUSTRIES AG
INGREDIONKERRY GROUP PLC
ROQUETTE FRERES
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Frequently Asked Questions (FAQs)

The global Excipients in pharmaceuticals market is projected to grow from $9.2 billion in 2023 to $12.3 billion in 2029 at a compound annual growth rate (CAGR) of 5.1% during the forecast period.
The market is majorly driven by the increasing need for pharmaceutical excipients, which is largely attributed to the rise in chronic diseases like diabetes, hypertension, cancer, and HIV. As these conditions necessitate ongoing medication, results in corresponding increase of pharmaceutical consumption, thereby elevating the demand for excipients used in drug formulation. Additionally, the market is also fueled by the growing need for advanced and functional excipients, which are essential for the development of biologics and specialty drugs.
The excipient in pharmaceutical market is segmented based on the material type, by dosage form, by route of administration, by end user, and by geographic region.
The organic excipients segment will dominate the market by the end of 2029.

Analyst Credentials

Gundreddy Gopinadh– Associate Consultant-Life Sciences Research
Gopinadh is an experienced professional with nearly nine years in the market research industry and experience in research and analysis, specializing in medical devices, pharmaceuticals, biotechnology, and in-vitro diagnostics verticals. He is an expert in handling custom projects by gathering data points, analyzing market trends, and ultimately providing clients with accurate market size numbers, actionable insights, and recommendations based on their unique business needs. Academically, Gopinadh holds a master’s degree in biotechnology from VIT University.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Excipients in Pharmaceuticals: Global Markets to 2029105Free
Chapter- 1: Executive Summary5Free
Chapter- 2: Market Overview2Free
Chapter- 3: Market Dynamics9Free
Chapter- 4: Emerging Technologies and Developments11Free
Chapter- 5: Global Market for Pharmaceutical Excipients32Free
Chapter- 6: Competitive Intelligence2Free
Chapter- 7: Sustainability in the Market for Pharmaceutical Excipients: An ESG Perspective5Free
Chapter- 8: Appendix39Free

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This is an Excel-only version of the report.

Report Includes

    Total Number of Tables in this Report: 107

  • Summary Table: Global Market for Pharmaceutical Excipients, by Material Type, Through 2029
  • Table 1: Cases of Diabetes, by Country, 2021
  • Table 2: People Living with HIV Globally, by Region, 2022
  • Table 3: Global Incidence of All Cancers, by Region, 2022–2045
  • Table 4: Clinical Trials of Pharmaceutical Excipients
  • Table 5: Global Market for Pharmaceutical Excipients, by Material Type, Through 2029
  • Table 6: Global Market for Organic Excipients, by Product Type, Through 2029
  • Table 7: Global Market for Carbohydrate Pharmaceutical Excipients, by Type, Through 2029
  • Table 8: Global Market for Sugar Pharmaceutical Excipients, by Type, Through 2029
  • Table 9: Global Market for Cellulose Pharmaceutical Excipients, by Type, Through 2029
  • Table 10: Global Market for Starch Pharmaceutical Excipients, Through 2029
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Published - May-2021| Analyst - Marianna Tcherpakov| Code - PHM010L

Report Highlights

The global market for pharmaceutical excipients should grow from $8.3 billion in 2021 to $10.6 billion by 2026, at a compound annual growth rate (CAGR) of 5.0% for the period of 2021-2026.

Report Includes

  • 92 data tables 44 additional tables
  • An overview of the global market for pharmaceutical excipients within the industry
  • Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
  • Estimation of market size and revenue forecasts for pharmaceutical excipients, and corresponding market share analysis by material type, dosage forms, route of administration, end users and geographical regions for key market segments and sub-segments
  • Highlights of the current and future market potential for pharmaceutical excipients along with a detailed analysis of the competitive environment, industry trends, opportunities and penetration of emerging pharmaceutical excipients within the pharmaceutical industry
  • Key merger and acquisition deals, collaborations and partnerships, licensing and manufacturing agreements, and other investment strategies within this market
  • Information pertaining to the supplier landscape for pharmaceutical excipients; notable industry developments and evaluation of the company share analysis
  • Patent review and analysis of patents granted for pharmaceutical excipients market
  • Company profiles of major players including Ashland Global Holdings, Inc., BASF AG, Cargill Inc., DuPont, Meggle Pharma, Merck & Co., and Roquette
Published - May-2018| Analyst - BCC Publishing| Code - PHM010K

Report Highlights

The global market for pharmaceutical excipients will grow from nearly $6.8 billion in 2017 to $8.7 billion by 2022 with a compound annual growth rate (CAGR) of 4.9% for the period of 2017-2022.

Report Includes

  • 58 tables
  • Detailed analyses of organic and inorganic excipients
  • Discussion of various excipient interactions, including drug-excipient interaction, excipient-excipient interaction, and package-excipient interaction
  • Insight into the most critical issues surrounding excipients, including technological, regulatory, economic, and political
  • Company profiles of major players in the market, including Ashland Global Holdings, Inc., Cargill, Inc, Meggle Pharma Gmbh, The Lubrizol Corporation and Omya Ag
Published - Mar-2016| Analyst - Shalini Shahani Dewan| Code - PHM010J

Report Highlights

The global excipients market should reach nearly $6.9 billion by 2020 from approximately $6.3 billion in 2015, at a compound annual growth rate (CAGR) of 1.9% from 2015 to 2020.

Report Includes

  • An overview of the global market for excipients in pharmaceuticals, including examinations of the effects of a crisis in the global supply chain, the demands of quality by design (QbD), and concerns about drug safety.
  • Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
  • Discussion of positive trends in the industry, including the development of creative ideas in response to the need for new excipients and new levels of cooperation between major players.
  • Coverage of the most important issues surrounding excipients: technological, regulatory, economic, and political.
  • Evaluations of excipient technology by chemical compounds, functional uses, delivery systems and finished products.
  • Profiles of suppliers and others relevant to the industry.

Published - Oct-2013| Analyst - Paul Evers| Code - PHM010H

Report Highlights

The global excipient market reached nearly $5.9 billion in 2012. This market is expected to grow to $6.3 billion in 2013 and then to $8.8 billion in 2018, a compound annual growth rate (CAGR) of 6.9% over the five-year period from 2013 to 2018.

Report Includes

  • An overview of the global market for excipients in pharmaceuticals, including examinations of the effects of a crisis in the global supply chain, the demands of quality by design (QbD), and concerns about drug safety
  • Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
  • Discussion of positive trends in the industry, including the development of creative ideas in response to the need for new excipients and new levels of cooperation between major players
  • Coverage of the most important issues surrounding excipients: technological, regulatory, economic, and political
  • Evaluations of excipient technology by chemical compounds, functional uses, delivery systems and finished products
  • Comprehensive company profiles of suppliers and others relevant to the industry.

Published - Aug-2011| Analyst - Paul Evers| Code - PHM010G

Report Highlights

The global excipients market was at $4.6 billion in 2010 and it is expected to reach at $4.9 billion in 2011. It is further anticipated to increase to $6.7 billion by 2016 at a compound annual growth rate (CAGR) of 6.5%.

Published - Sep-2009| Analyst - Bob Frost| Code - PHM010F

Report Highlights

  • Overall sales in the global excipients market were worth $4.1 billion in 2008, and increased to an estimated $4.3 billion in 2009. By 2014, it is projected to increase to $5.9 billion, for a 5-year compound annual growth rate (CAGR) of 6.3%.
  • The largest segment of the market, organic chemicals, was valued at $3.8 billion in 2008; this is expected to increase to $4 billion in 2009, and is projected to reach $5.5 billion in 2014, for a 5-year CAGR of 6.4%.
  • Sales in the USP (U.S. Pharmacopeia-grade) Water segment amounted to $79 million in 2008, increased to an estimated $84 million in 2009, and is projected to increase to $104 million in 2014, for a 5-year CAGR of 4.4%.

Published - Jun-2007| Analyst - Norma Corbitt| Code - PHM010E

Report Highlights

  • The chemical compounds used to make excipients are valued at $4.3 billion market value for 2011, up from $3.5 billion in 2006. The dominance of USP water, particularly water for injection, skews the market volume and sets the pace for the anticipated 5.1% average annual market volume growth rate over the next five years.
  • Formulators will continue to use excipients to give their final drug products the necessary or desired functional use or properties. Vehicles, with an estimated 2011 market volume of 9.6 billion pounds, lead due to the large amount of USP water consumed.
  • Fillers follow with an estimated 849 million pounds of excipient chemical compounds being used in that functional category in five years. In terms of market value, the situation is reversed. Fillers come out on top, with an estimated 2011 market value of $1.2 billion, and vehicles drop to third place with $781 million, just below emollients at $816 million.

Published - Dec-2002| Analyst - Charles Forman| Code - PHM010D

Report Highlights

  • In 2001, the global market for pharmaceutical (drug) inert ingredients was an estimated 7.25 billion pounds, of which water, accounted for about 77% of the total.
  • Overall growth of all drug inert ingredients is the order of 5% per year.
  • Injectables, essentially all Rx, constitute the single largest dosage form of excipients used in 2001 with almost 1.9 billion Kgs.
  • Nonaqueous biological use will grow to 563 million Kgs by 2007, an average annual growth rate (AAGR) of 4.5%.

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Excipients in Pharmaceuticals: Global Markets to 2029
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