According to study, “Global Organic Pharmaceutical
Excipients Market Size study, by Product (Oleo Chemicals, Carbohydrates,
Petrochemicals, Protein, Others), by Application (Oral Formulation, Topical
Formulation, Parenteral Formulation, Others) and Regional Forecasts 2018-2025”
some of the major companies that are currently working in the global organic
pharmaceutical excipients market are DowDuPont, BASF SE, Roquette Group, Evonik
Industries AG, Ashland Inc., Berkshire Hathaway Inc., Kerry, Croda International
Plc, Associated British Foods Inc., P & G Chemicals, Akzo Nobel NV, Lubrizol
Corp., FMC Corp., Ferro Corp., Cargill Inc., Eastman Chemical Company, The Dow
Chemical Company, Archer Daniels Midland Company (Adm), Royal Dutch Shell Plc.,
Innophos Holdings, Signet, Wacker Chemie.
Pharmaceutical excipients are the inactive matter or substance
formulating absolute drug dosage forms. Excipients help in improving the
bioavailability of pharmaceutical ingredient pharmaceutical. It also helps in
overall protection and efficiency of the formulation during its storage. Some of
the ideal characteristics include nontoxic, non-reactive, chemically stable,
inert to human body, low equipment & process sensitive and economical.
Based on product, the organic pharmaceutical excipients
market is segmented into carbohydrates, protein, oleo chemicals, petrochemicals,
acrylic polymers, mineral hydrocarbons and others. Carbohydrate is further
sub-segmented into cellulose (cellulose ethers, cellulose esters,
microcrystalline cellulose and cmc & croscarmellose sodium), sugars
(mannitol, sorbitol, lactose, sucrose, dextrose) and starch (dried starch,
modified starch and converted starch). Oleochemical is further sub-segmented
into mineral stearates, fatty alcohols, glycerin and others. A petrochemical
includes providones, acrylic polymers, glycols, mineral hydrocarbons (mineral
waxes, petrolatum, and mineral oils) and others.
Based on functionality, market is segmented into binders,
preservatives, disintegrants, fillers & diluents, coating agents,
colorants, emulsifying agents, lubricants & glidants, suspending &
viscosity agents, flavoring agents & sweeteners and other functionalities.
Based on the type of formulation, the market is defined as oral formulations,
parenteral formulations and topical formulations. Oral formulation includes
capsules (soft gelatin capsules & hard gelatin capsules), tablets and
liquid formulations.
The global organic pharmaceutical excipients market is driven
by growing demand of pharmaceutical excipients owing to the rising aging
population. Some other driven aspects include rising demands of generics, rapid
growth in biopharmaceutical sector, advancement in functional excipient
development and incidence of chronic diseases. However, some of the limiting
factors include lengthy FDA process, safety & quality concerns and rising
regulatory stringency. In addition, the growth in the biosimilars market and
shifting focus of pharmaceutical manufacturing to emerging countries are few
opportunities for the market. Moreover, improving excipient capabilities by
using nanotechnology, rising demand & emphasis on co-processed excipients
and increasing use of direct compression in oral dosage formulations are some
new industrial trends of market.
North American region accounts for the foremost share due to
boost in the key market players in the province. Europe is too contributing highest
share in the market. It is expected that the Asia-Pacific region to grow fast due
to the expansion of owing to large investment made in the countries such as India
and China. In near future, it is predicted that the global organic
pharmaceutical excipients market to grow rapidly owing to increase in incidence
of chronic diseases.
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