Pharmaceutical Excipients Market Size, Share, Trends, Growth Outlook

Pharmaceutical Excipients Market is estimated to increase at a Compounded Annual Growth Rate of 6.5% CAGR over the forecast period from 2024 to 2030

The Pharmaceutical Excipients Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments- By Product (Organic Chemicals, Inorganic Chemicals), By Function (Fillers & Diluents, Suspending & Viscosity Agents, Coating Agents, Binders, Flavoring Agents & Sweeteners, Disintegrants, Colorants, Lubricants & Glidants, Preservatives, Emulsifying Agents, Others), By Formulation (Oral, Topical, Parenteral, Others), By Application (Taste Masking, Stablizers, Modified-Release, Solubility & Bioavailablity Enhancement, Others).

An Introduction to Pharmaceutical Excipients Market in 2024

Pharmaceutical Excipients are inert substances added to pharmaceutical formulations to impart desired physical and chemical properties to drug products, enhance stability, and facilitate drug delivery. Excipients serve various functions, including binding, disintegration, lubrication, and taste masking, depending on the dosage form and route of administration. Common pharmaceutical excipients include fillers, binders, lubricants, preservatives, and solubilizers, which are selected based on compatibility with active pharmaceutical ingredients (APIs) and desired formulation characteristics. As pharmaceutical formulations become increasingly complex, excipient manufacturers are developing novel excipients with improved functionality, biocompatibility, and regulatory compliance. Moreover, excipient innovations address emerging trends in drug delivery, such as controlled release, targeted delivery, and biodegradability, to optimize therapeutic outcomes and patient adherence. As an integral component of drug development and formulation, pharmaceutical excipients play a critical role in ensuring the safety, efficacy, and quality of pharmaceutical products.

Market Trend: Increasing Demand for Multifunctional Excipients

A significant trend in the pharmaceutical excipients market is the rising demand for multifunctional excipients. Pharmaceutical manufacturers are seeking excipients that not only serve as inert carriers or fillers but also offer additional functionalities such as improved drug solubility, enhanced bioavailability, controlled release, and stability enhancement. Multifunctional excipients streamline the formulation process, reduce the need for multiple excipients, and enable the development of novel dosage forms with enhanced therapeutic properties. This trend reflects a growing emphasis on excipient innovation and formulation optimization to address the challenges associated with drug development, formulation, and delivery in the pharmaceutical industry.

Market Driver: Growth in the Pharmaceutical Industry and Drug Development Activities

A key driver for the pharmaceutical excipients market is the growth in the pharmaceutical industry and drug development activities worldwide. With the increasing prevalence of chronic diseases, aging population, and healthcare advancements, there is a rising demand for new pharmaceutical products and dosage forms to meet evolving patient needs. Excipients play a critical role in drug formulation by ensuring the stability, bioavailability, and efficacy of active pharmaceutical ingredients (APIs) in various dosage forms such as tablets, capsules, injectables, and topical formulations. As pharmaceutical companies invest in research and development efforts to bring innovative therapies to market, there is a growing need for high-quality excipients that comply with regulatory standards, meet formulation requirements, and support the development of safe and effective pharmaceutical products.

Market Opportunity: Development of Specialty and Functional Excipients

An emerging opportunity within the pharmaceutical excipients market lies in the development of specialty and functional excipients. Specialty excipients are designed to address specific formulation challenges or enable unique drug delivery strategies, such as taste masking, moisture protection, or sustained release. Functional excipients offer targeted functionalities, such as improved flowability, lubrication, or disintegration properties, to enhance manufacturing processes and dosage form performance. By focusing on the development of specialty and functional excipients, manufacturers can differentiate their product offerings, cater to niche formulation needs, and add value to pharmaceutical formulations. This presents an opportunity to collaborate with pharmaceutical companies, contract development and manufacturing organizations (CDMOs), and research institutions to develop customized excipient solutions that address unmet formulation requirements and support the development of innovative pharmaceutical products with improved therapeutic outcomes.

Pharmaceutical Excipients Market Share Analysis: Organic Chemicals is the fastest growing segment over the forecast period to 2030

The fastest-growing segment in the Pharmaceutical Excipients Market is Organic Chemicals, particularly Oleochemicals within the Product category. This growth is driven by the increasing demand for natural and sustainable excipients in pharmaceutical formulations. Oleochemicals, derived from natural fats and oils, are widely used as excipients due to their biodegradability, low toxicity, and compatibility with active pharmaceutical ingredients (APIs). Additionally, the rising preference for organic and plant-based excipients in oral, topical, and parenteral formulations contributes to the rapid growth of Oleochemicals in the Pharmaceutical Excipients Market.

Pharmaceutical Excipients Competitive Analysis

The market research study provides in-depth insights into leading companies including the SWOT analyses, product profile, financial details, and recent developments acrossAshland Global Holdings Inc, Associated British Foods plc, BASF SE, Evonik Industries AG, International Flavors & Fragrances Inc, Kerry Group plc, Merck KGaA, Roquette Frères S.A., Wacker Chemie AG

Pharmaceutical Excipients Market Segmentation

By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Pharmaceutical Excipients Market Companies

Ashland Global Holdings Inc
Associated British Foods plc
BASF SE
Evonik Industries AG
International Flavors & Fragrances Inc
Kerry Group plc
Merck KGaA
Roquette Frères S.A.
Wacker Chemie AG

Reasons to Buy the Pharmaceutical Excipients Market Study

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• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Pharmaceutical Excipients Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Pharmaceutical Excipients Market Size Outlook, $ Million, 2021 to 2030
3.2 Pharmaceutical Excipients Market Outlook by Type, $ Million, 2021 to 2030
3.3 Pharmaceutical Excipients Market Outlook by Product, $ Million, 2021 to 2030
3.4 Pharmaceutical Excipients Market Outlook by Application, $ Million, 2021 to 2030
3.5 Pharmaceutical Excipients Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Pharmaceutical Excipients Industry
4.2 Key Market Trends in Pharmaceutical Excipients Industry
4.3 Potential Opportunities in Pharmaceutical Excipients Industry
4.4 Key Challenges in Pharmaceutical Excipients Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Pharmaceutical Excipients Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Pharmaceutical Excipients Market Outlook by Segments
7.1 Pharmaceutical Excipients Market Outlook by Segments, $ Million, 2021- 2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others

8 North America Pharmaceutical Excipients Market Analysis and Outlook To 2030
8.1 Introduction to North America Pharmaceutical Excipients Markets in 2024
8.2 North America Pharmaceutical Excipients Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Pharmaceutical Excipients Market size Outlook by Segments, 2021-2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others

9 Europe Pharmaceutical Excipients Market Analysis and Outlook To 2030
9.1 Introduction to Europe Pharmaceutical Excipients Markets in 2024
9.2 Europe Pharmaceutical Excipients Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Pharmaceutical Excipients Market Size Outlook by Segments, 2021-2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others

10 Asia Pacific Pharmaceutical Excipients Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Pharmaceutical Excipients Markets in 2024
10.2 Asia Pacific Pharmaceutical Excipients Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Pharmaceutical Excipients Market size Outlook by Segments, 2021-2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others

11 South America Pharmaceutical Excipients Market Analysis and Outlook To 2030
11.1 Introduction to South America Pharmaceutical Excipients Markets in 2024
11.2 South America Pharmaceutical Excipients Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Pharmaceutical Excipients Market size Outlook by Segments, 2021-2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others
12 Middle East and Africa Pharmaceutical Excipients Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Pharmaceutical Excipients Markets in 2024
12.2 Middle East and Africa Pharmaceutical Excipients Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Pharmaceutical Excipients Market size Outlook by Segments, 2021-2030
By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Ashland Global Holdings Inc
Associated British Foods plc
BASF SE
Evonik Industries AG
International Flavors & Fragrances Inc
Kerry Group plc
Merck KGaA
Roquette Frères S.A.
Wacker Chemie AG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Product
Organic Chemicals
-Oleochemicals
-Carbohydrates
-Petrochemicals
-Proteins
-Others
Inorganic Chemicals
-Calcium Phosphate
-Metal Oxides
-Halites
-Calcium Carbonate
-Calcium Sulphate
-Others
By Function
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavoring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying Agents
Others
By Formulation
Oral
Topical
Parenteral
Others
By Application
Taste Masking
Stablizers
Modified-Release
Solubility & Bioavailablity Enhancement
Others
Countries Analyzed
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)