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Pharmaceutical Excipient Market - Forecast Report 2027 Pharmaceutical Excipient Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4173

Pharmaceutical Excipient Market size would depict a considerable growth rate over 2021-2027. The expansion of the market is expected to come from the thriving pharmaceutical industry, aligned with rising R&D activities happening in the field. Besides, the growing generics market, surging biopharmaceuticals sector and escalating adoption of orphan drugs are further complementing the market growth.

Pharmaceutical excipients are important for drug delivery within the body. The main aim of pharmaceutical excipients is to streamline the production of drug products and facilitate physiological absorption of the drug.

The global pharmaceutical excipient market is poised to observe hinderance from the cost and time-intensive development process. Besides, the current transformation in governmental policies worldwide and upcoming trade policies is further likely to produce a challenge for the growth of pharmaceuticals industry, thus impacting the industry expansion.

However, the growing pharmaceutical manufacturing across vivid economies is projected to produce lucrative opportunities for the overall growth of market by 2027 end. This is enabling several pharmaceutical players to shift their focus towards these areas, generating positive growth prospects for the market in the coming years.

Based on the excipient type, antioxidants segment is touted to amass significant gain over 2021-2027 owing to their ability to improve the stability of medicines by delaying the oxidation of active substances and other excipients. These preservatives are normally added to prevent microbial proliferation arising under the in-use conditions. Numerous pharmaceutical giants are seeking to introduce antioxidant supplements in different countries using novel ingredients or excipients. For instance, the Indian subcontinent recently announced the launch of gamma oryzanol antioxidant vegetarian capsule. This would potentially support in controlling elevated cholesterol and elevate cardiovascular health while simultaneously controlling menopausal symptoms.

In terms of the formulation type, liquid dosage formulation segment would gain hefty returns across the overall market. Liquid dosage formulations contain excipients that serve different and specialized pharmaceutical purposes in these formulations. Excipients used in these cases are present in a greater proportion with regards to the drug substance as it forms bulk of the formulation. Excipients used in liquid formulations are vehicle/solvents, co-solvents, surfactants, preservatives, and more.

Considering the end-user vertical, pharmaceutical companies segment would foresee considerable growth by 2027 end. Various pharmaceutical firms are engaged in the mass production of medicines and supplements that require large volumes of excipients. In addition, these companies tend to purchase excipients in bulk, thereby increasing the rate of import and export of pharmaceutical excipients.

The growth in North America pharmaceutical excipient market is likely to come from the flourishing pharmaceutical business in the region. The United States is deemed to be one of the biggest pharmaceutical markets worldwide, adding to the industry value. Furthermore, the robust penetration of various pharmaceutical giants in the region is as well predicted to promote the growth curve of market across prominent economies.

Eminent industry players operating in the global pharmaceutical excipient market are BASF SE, Ashland, Inc., Fuji Chemical Industry Co Ltd, Avantor Performance Materials, Evonik Industries AG (RAG-Stiftung), Azelis Pharm, and others.

These market vendors have been relentlessly working towards the development of novel products and being involved in various marketing strategies like acquisitions and mergers and partnerships to gain a competitive edge in the global market.

Analyzing the impact of COVID-19 pandemic on pharmaceutical excipient market expansion

The healthcare industry has been significantly influenced by the coronavirus infection spread during the first half of 2020. This is slated to offer considerable growth prospects to the market, majorly driven by the surging need for crucial medicines and supplements to alleviate the infection spread. However, the market witness a downfall due to the disruptions in supply chain and raw material import and export owing to movement restrictions following the stringent lockdown norms.

The pharmaceutical excipient market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, by Excipient Type

  • Diluents
  • Binders
  • Lubricants
  • Suspending agent & viscosity modifier
  • Colorants
  • Glidants
  • Disintegrants
  • Flavoring agent  
  • Anti-adherent
  • Sweeteners
  • Vehicles
  • Buffer
  • Anti-oxidant
  • Chelating agent
  • Cryoprotectant
  • Lyoprotectant

Market, by Formulation Type

  • Solid dosage formulation
  • Tablet
  • Capsule
  • Powder
  • Liquid dosage formulation
  • Syrup
  • Emulsion
  • Elixir
  • Tincture
  • Lotion
  • Solution
  • Semi-solid dosage formulation  
  • Cream
  • Gels
  • Suppositories

Market, by End-use

  • Pharmaceutical companies
  • Research institutes

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia


What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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