What is Sugar-Based Excipients Market?
The Sugar-Based Excipients market is expected to grow in the future due to the increasing use of co-processed excipients and rapid growth in the generics market due to the patent expiration of many blockbuster drugs. The rising use of alcohol-based sugar excipients in emerging formulation technology like orally disintegrating tablets and others is another reason for the growth of the market.
The market study is being classified by Type (Actual Sugars, Sugar Alcohols, Artificial Sweeteners and Others) and major geographies with country level break-up.
Ashland Inc. (United States), Associated British Foods Plc (United Kingdom), Roquette Group (France), Cargill, Inc. (United States), Colorcon, Inc. (United States), DFE Pharma (Germany), DFE Pharma (Germany, MEGGLE AG (Germany), The Lubrizol Corporation (United States) and BASF SE (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Archer Daniels Midland Company (United States) and FMC Corporation (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. Research Analyst at AMA predicts that Germany and United States Players will contribute to the maximum growth of Global Sugar-Based Excipients market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sugar-Based Excipients market by Type, Application and Region.
On the basis of geography, the market of Sugar-Based Excipients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of Pediatric and Geriatric Patients across the Globe
- Increasing Development of Orally Disintegrating Tablets
Market Trend
- Growing Adaptability of Alcohol-based Sugar Excipient in Developing Formulation Technology
Restraints
- Shortage of FDA- Approved Manufacturing Sites due to Stringent Regulation
Opportunities
- Growth in Pharmaceutical Manufacturing in Emerging Countries
- Increasing Research and Development Activities for New Product Development
Challenges
- Stringent Quality Control Procedures
- Pricing Pressure Faced By Prominent Players
Market Leaders and some development strategies
In Jan 2019, Croda International acquired Brenntag Biosector for its vaccine adjuvants portfolio which would be complementary to Croda’s pharmaceutical excipients portfolio.
In April 2019, Colorcon, Inc. signed an agreement with DuPont Nutrition and Biosciences in order to enhance the current product portfolio of CR Alliance products.
Under the FDA regulation, drug products intended for parenteral, ophthalmic, or otic use should contain the same excipients in the same concentrations as the reference listed drug product, with the exception of buffers, antioxidants, and preservatives, provided that the applicant identifies and characterizes the differences and provides information, demonstrating that the differences do not affect the safety of the proposed drug product. For other routes of administration (e.g., topical dermal, oral), there is no requirement that the and excipients in the final formulations be the same as those in the reference listed drug product, although the applicant must demonstrate that the inactive ingredients do not affect the safety or efficacy of the proposed drug product (21 CFR 314.94(a)(9)(ii))
Key Target Audience
Sugar-based Excipient Manufacturers, Distributor and Suppliers of Sugar-based Excipient, Research and Development (R&D) Companies, Pharmaceutical Excipient Manufacturers, Drug Manufacturers, Drug Suppliers and Distributors, Market Research and Consulting Firms and Venture Capitalists and Investors