Pharmaceutical Excipients Market

Pharmaceutical Excipients Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

Pharmaceutical excipients are added to the active pharmaceutical ingredients (prodrug) to enhance their stability, increase the overall volume, and facilitate drug delivery.

Increasing demand for multivariate excipients along with a rising utilization of generic pharmaceuticals globally are expected to drive the revenue and growth of the pharmaceutical excipients market.

The global pharmaceutical excipients market is estimated to expand at a CAGR of 6.1% between 2023 to 2032.

The global pharmaceutical excipients market size was estimated to be US$ 8.3 billion in 2021.

Rising generic market and a significant amount of demand for drugs in the Asia Pacific, the Middle East, and Africa regions are also expected to enable the growth of the pharmaceutical excipients market. These places also provide low-cost manufacturing techniques and are an excellent supply of raw materials for excipient production.

Ashland Global Holdings, BASF SE, DuPont, Roquette Feres, Evonik Industries AG, Associated British Foods, Archer Daniels Midland Company, Lubrizol Corporation, Croda International, and Kerry Group are some of the biggest companies operating in the pharmaceutical excipients market.