Global Sugar-Based Excipients Market Set to Reach USD 1.56 Billion by 2031, Growing a CAGR of 4.6%

Global Sugar-Based Excipients Market Insights:

Straits Research is pleased to announce the release of its latest market analysis report on the Global Sugar-Based Excipients Market Size. The market, valued at USD 1.04 billion in 2022, is projected to grow steadily, reaching USD 1.56 billion by 2031 at a CAGR of 4.6% during the forecast period (2023–2031). This growth is driven by increasing demand for pharmaceutical excipients, advancements in drug formulations, and the rising preference for sugar-based excipients in oral solid dosage forms.

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Market Dynamics

Market Definition and Latest Trends

Sugar-based excipients are inactive substances used in drug formulations to aid in the manufacturing process, improve drug stability, and enhance patient compliance through better taste and texture. They are widely used in oral medications, including tablets and syrups.

Latest Market Trends:

Increased Demand for Pediatric and Geriatric-Friendly Drug Formulations: Sweeteners and sugar-based excipients improve taste and texture, enhancing patient compliance.

Advancements in Pharmaceutical Manufacturing Techniques: Innovations in sugar alcohols and artificial sweeteners are driving adoption.

Focus on Sustainable and Natural Sources: Rising preference for naturally derived excipients aligns with global sustainability goals.

Key Growth Factors:

Growing pharmaceutical production and demand for oral medications.

Rising awareness of sugar-based excipients' role in improving drug palatability and stability.

Increased research and development in novel drug formulations.

Key Market Opportunities:

Expansion in emerging markets with a growing pharmaceutical sector.

Rising demand for specialized excipients for biologics and personalized medicines.

Technological advancements in excipient production and formulation techniques.

Market Segmentation:

By Product:

Actual Sugar

Artificial Sweeteners

Sugar Alcohol

By Type:

Crystals

Powders

Compression Sugars

Syrups

By Application:

Diluents

Fillers

Tonicity Agents

Flavoring Agents

By Formulation:

Oral

Parenteral

Topical

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Regional Insights:

Dominated Region: Europe holds the largest market share, driven by a strong pharmaceutical industry and innovation in drug formulations.

Fastest Growing Region: Asia-Pacific is expected to witness the highest growth, fueled by rising healthcare infrastructure and pharmaceutical production.

Key Players in the Sugar-Based Excipients Market:

Colorcon Inc.

Associated British Foods PLC

Cargill, Inc.

DFE Pharma

Roquette Group

The Lubrizol Corporation

Ashland Inc.

Meggle AG

Archer Daniels Midland Company

FMC Corporation

BASF SE

MB Sugars & Pharmaceuticals

Citron Scientific

Harshad Agencies

Emilio Castelli

New Zealand Pharmaceuticals Limited

IMCD Pharma

Pfanstiehl, Inc.

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With the growing demand for pharmaceutical excipients and continuous advancements in formulation technology, the sugar-based excipients market is set to witness significant growth in the coming years. Straits Research remains committed to delivering accurate market insights and strategic recommendations for stakeholders and industry players.

About Us:

Straits Research’s latest report provides a comprehensive analysis of the glucose monitoring devices market, including key trends, drivers, opportunities, and competitive landscapes. Stay ahead in this rapidly evolving market by leveraging actionable insights and detailed market data.

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