The excipient is a pharmacologically inactive substance which is added with the drug in a formulation. It is added so as to provide stability, increase the dissolution and to better other pharmacokinetic properties. Some common excipients available in the market are gelatin, complex sugars and various polymers. Sugar based excipients are the most common of all, and are widely used in parenteral medicines as they mask the bitterness of the drug.
Rising growth in the generic drugs market contributes directly to the excipient market. There has been a rise in the use of in co-processed excipient and improvement of orally disintegrating tablets. These two factors also drive the market. Another factor which is boosting the market is the wide use of mannitol in various oral formulations. Excipients are being added to the formulations to make them look attractive so that they can be taken by children and other patients. Due to stringent regulations of FDA regarding manufacturing sites there is a shortage, making it one of the major restraints.
Market Attractiveness Analysis, By Functionality
Market Share Analysis, By Functionality
Formulation
Oral
Topical
Parenteral
Y-o-Y Growth Analysis, By Formulation
Market Attractiveness Analysis, By Formulation
Market Share Analysis, By Formulation
On the basis of geography, the market is analysed under various regions namely U.S and Canada . The North American market has a considerable share in the market and is expected to have a steady growth.
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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