An excipient is a pharmacologically inactive element which is added along with the API in a particular formulation. It is added so as to provide stability, increase the absorption of the drug and to better other pharmacokinetic properties. There are many excipients available in the market like gelatin, complex sugars and various polymers. Sugar based excipients are the most common of all, and are widely used in parenteral medicines. These excipients try to mask the bitterness of the pharmaceutical drug.
The rapidly growing generic drugs market contributes heavily to the excipient market. There has been an increased usage in co-processed excipient and rising improvement of orally disintegrating tablets. These two factors also drive the market.The use of mannitol is also boosting the market. Drug manufacturers are trying to incorporate excipients in the formulations so that they can be easily taken by children and other patients. However, there is a shortage of FDA approved manufacturing sites because of their strict regulations, making this a major restraint to market growth.
• Type o Powders and granules o Crystal o Syrup o Others o Y-o-Y Growth Analysis, By Type o Market Attractiveness Analysis, By Type o Market Share Analysis, By Type
• Product o Actual sugar o Sugar alcohol o Artificial sweeteners o Y-o-Y Growth Analysis, By Product o Market Attractiveness Analysis, By Product o Market Share Analysis, By Product
• Functionality o Filler o Diluent o Flavoring agent o Tonicity agent o Y-o-Y Growth Analysis, By Functionality o Market Attractiveness Analysis, By Functionality o Market Share Analysis, By Functionality
• Formulation o Oral o Topical o Parenteral o Y-o-Y Growth Analysis, By Formulation o Market Attractiveness Analysis, By Formulation o Market Share Analysis, By Formulation
On the basis of geography, the market is analysed under various regions namely Middle East and Africa. The market size of this region is small as compared to other regions.
Some of the key players of the market are Archer Daniels Midland Company, The Lubrizol Corporation, Ashland Inc., Roquette Group, Associated British Foods Plc, Meggle AG, Basf SE, FMC Corporation, Cargill, Inc., Dfe Pharma, and Colorcon Inc.
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