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Global Sugar-based Excipients Market is poised to reach USD 1.06 billion by 2021

 



(Entertainment-NewsWire.com, December 02, 2017 ) The Global Sugar based Excipients Market was worth USD 860.6 million in 2016 and estimated to be growing at a CAGR of 4.3%, to reach USD 1.06 billion by 2021.
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The excipient is a pharmacologically inactive element added along with the API in a particular formulation. IT is added to the formulation 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 gelatine, 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.
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The fast growth in the 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. Widespread 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.
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Market Segmentation
• Type
• Product
• Functionality
• Formulation
On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific , Latin America and Middle East and Africa . Europe currently dominates the world market due to various favourable government policies issued by the European government. Asia-Pacific excluding Japan region is expected to witness highest growth rate in the sugar based excipient market. Whereas, regions like North and Latin America are experiencing 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.
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering Global among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com


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