In a recent published report, Kenneth Research has updated the market report for Sugar-Based Excipients Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sugar-Based Excipients Market Sugar-Based Excipients Market products.
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The global Sugar-Based Excipientsmarket was valued at USD 859.96million in 2016 and is projected to reach USD 1253.97millionby 2025, growing at a CAGR of 4.28% from 2017 to 2025.
Sugar Based Excipients are commonly defined as the additives used to convert pharmacologically active compounds into a pharmaceutical dosage form suitable for administering to patients. They are useful both as diluent of the active drug and processing aid for the formulation. The market is expected to grow during the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Use of Co-Processed Excipients
1.2 Patent Cliffs Driving the Demand for Sugar Excipients in the Generics Market
1.3 Increasing Development of Orally Disintegrating Tablets (ODTS)
2. Market Restraints
2.1 Increased Regulatory Requirements Leading to Shortage of FDA-Approved Manufacturing Sites
Market Segmentation:
1. By Formulation:
1.1 Oral Formulations
1.2 Parenteral Formulations
1.3 Topical Formulations
1.4 Other Formulations
2. By Functionality:
2.1 Fillers & Diluents
2.2 Flavoring Agents
2.3 Tonicity Agents
2.4 Other Functionalities
3. By Type:
3.1 Powders/Granules
3.2 Direct Compression Sugars
3.3 Crystals
3.4 Syrups
4. By Product:
4.1 Actual Sugars
4.2 Sugar Alcohols
4.3 Artificial Sweeteners
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Ashland Inc.
2. Archer Daniels Midland Company
3. BASF SE
4. DFE Pharma
5. Roquette Group
6. Associated British Foods PLC
7. Cargill, Inc.
8. Colorcon Inc.
9. FMC Corporation
10. The Lubrizol Corporation
11. Meggle AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Sugar-Based Excipientsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-sugar-based-excipients-market/10008479
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