Cyclodextrin Market - By Type (Alpha, Beta, Gamma), By Application (Pharmaceutical, Food & Beverage, Chemicals, Cosmetics & Personal Care) & Forecast, 2021-2027

Cyclodextrin Market Size

Global Cyclodextrin Market size surpassed USD 260 million, in 2020 and is projected to grow over 5.5% CAGR from 2021 to 2027 due to increasing consumption of dietary supplements and tablet formulation of drugs. Increasing global demand for orally formulated products in the pharmaceutical industry is creating a favorable condition for the market.
 

Cyclodextrins belongs to the cyclic oligosaccharide’s family, which consists of a macrocyclic ring of glucose subunits which are joined by α-1,4 glycosidic bonds. They are produced from starch through enzymatic conversion. They are homogeneous, non-hygroscopic & crystalline and have a hydrophobic inner cavity with a hydrophilic exterior.
 

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Cyclodextrins are mainly used in the pharmaceutical, food& beverage, drug delivery, environmental engineering, chemical, and agriculture industries. Cyclodextrins are complex agents used in various pharmaceutical formulations and oral products as they increase the bioavailability of low water soluble & unstable drugs. For instance, in Europe, β-CD is used in cetirizine tablets & cisapride suppositories and γ-CD is used in minoxidil solutions.
 

Changing consumer perception toward health and increasing consumption of dietary supplements have impacted the market positively. Cyclodextrin is also used as an excipient in pharmaceutical & nutraceutical products. Owing to the Covid-19 pandemic, healthcare professionals have recommended many antiviral drugs to patients to defend themselves from the virus at the initial stage. The increased usage of these drugs has increased the consumption of cyclodextrins, accelerating the market growth during the forecast period.
 

Cyclodextrin Market Analysis

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The cyclodextrin market from pharmaceutical exceeded USD 165 million in 2020 and is predicted to witness significant growth during the forecast period. Cyclodextrins are used in pharmaceutical & nutraceutical products to enhance the aqueous solubility of poorly soluble drugs. They convert liquid drugs into microcrystalline form or an amorphous powder owing to which they are majorly used to produce tablets. They also lower the irritation caused by gastrointestinal drugs. Due to these factors, cyclodextrin has a high compatibility with various drugs and is mainly used in pharmaceutical formulations.
 

The global working population is struggling to fulfill their daily nutritional requirements due to changing lifestyles and hectic work schedules. This factor is creating various deficiencies among consumers. The rising consumer awareness with respect to personal health & wellbeing is expected to increase the dependency of consumers on dietary supplements. This factor, in turn, is also expected to increase the demand for cyclodextrins in the foreseeable timeframe.
 

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The cyclodextrin market from beta type surpassed USD 55 million in 2020. Remdesivir injections treat COVID-19 infection caused by the SARS-CoV-2 virus. The injections are administered to hospitalized adults for quick recovery. Remdesivir falls under the antiviral category and stops the virus from spreading. Beta cyclodextrin is highly used to manufacture these medicines as it is cost-effective and easily available compared to other cyclodextrins.
 

Beta cyclodextrins are also used as food additives to enhance the quality of the final product. Beta cyclodextrins enhance the food palatability with respect to appearance and appeal. It also provides food safety as it prevents contamination and extends the shelf-life of the products. They also improvise the sensorial qualities of food products. Due to these factors, beta cyclodextrin is highly used in food products & beverages, such as green tea beverages.
 

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North America cyclodextrin market is poised to surpass USD 135 million by the end of 2027 owing to the high concentration of pharmaceutical & nutraceutical industry players. The market for pharmaceutical & nutraceutical excipients in this region is mature. Owing to this, its growth is moderate compared to other regions, but revenue generation is very high. Factors contributing to the growth of cyclodextrins in North America include busy & hectic lifestyles of consumers and occurrences of chronic diseases. Such lifestyles have forced consumers to depend on dietary supplements to fulfill their daily nutritional requirements.
 

Increasing awareness among consumers regarding the health benefits of nutritional foods, which include food supplements, has also propelled the demand for functional food products. Furthermore, the usage of technological advancements and introduction of new products have made cyclodextrin available for a broad range of applications in the fortified food & beverages and nutraceuticals category.
 

Cyclodextrin Market Share

The cyclodextrin industry is competitive and includes various players such as

• Merck KGaA
• Shandong Xinda Biotechnology Co., Ltd.
• Cyclolab
• Roquette Frères
• Zhonglan Industry Co., Ltd.
• Wacker Chemie AG
• Ottokemi
• Zibo Qianhui Biological Technology Co., Ltd.
• Central Drug House
• Salvavidas Pharmaceutical Pvt. Ltd.

These companies are mainly focusing on expansion strategies owing to the rising demand for cyclodextrins to enhance their existing customer base.

The global cyclodextrin market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2016 to 2027 for the following segments:

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By Type

• Alpha
• Beta
• Gamma

By Application

• Pharmaceutical
• Food & beverage
• Chemicals
• Cosmetics & personal care
• Others

The above information has been provided for the following regions and countries:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Switzerland
  • Italy
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
  • Australia
• Latin America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa