FMI’s comprehensive reports on the pharmaceutical sector now see the addition of an updated study on the pharmaceutical excipient market. According to updated research, the market is set to hold a valuation of USD 972.9 million in 2024. Thereafter, the market’s progress over the coming decade is suggested to be solid, with a CAGR of 5.1%. As such, the market’s value by 2034 is marked to jump to USD 1,600.0 million.
Consumption Analysis of the Pharmaceutical Excipient Market
Attributes | Details |
---|---|
Market Value for 2024 | USD 972.9 million |
Market Value for 2034 | USD 1,600.0 million |
Value-based CAGR of Market for 2024 to 2034 | 5.1% |
Artificial excipients maintain the top position in the pharmaceutical excipient industry. Coating is the technique generally used in the formulation of medicines using excipients.
For 2024, artificial excipients are expected to account for 34.7% of the market share by type. Some of the key drivers for the developing demand for artificial excipients are:
Attributes | Details |
---|---|
Top Type | Artificial |
Market Share (2024) | 34.7% |
Coating is anticipated to account for 33.0% of the market share in 2024. Some of the key drivers for the dominance of coating of excipients in pharmaceutical formulations include:
Attributes | Details |
---|---|
Top Technique | Coating |
Market Share (2024) | 33.0% |
The immense popularity of biologics and new research in the pharmaceutical field are two of the reasons the market is expanding in Europe. The influence of pharmaceutical giants is also felt in the European market.
Focus on research and development is lending positivity to the market in the Asia Pacific. Focus on novel excipients is encouraging for market growth in North America.
Countries | CAGR from 2024 to 2034 |
---|---|
United States | 5.3% |
Germany | 5.4% |
China | 5.6% |
Japan | 5.3% |
Italy | 5.2% |
The market is set to register a CAGR of 5.3% in the United States during the forecast period. Key drivers for growth are:
The CAGR for the market in Germany is tipped to be 5.4% over the forecast period. Some of the key factors driving the growth are:
The CAGR for the market in China is tipped to be 5.6% over the forecast period. Some of the key factors driving the growth are:
The market is expected to register a CAGR of 5.3% in Japan for the forecast period. Some of the key trends include:
The market is expected to register a CAGR of 5.2% in Italy over the forecast period. Some of the key trends include:
The pharmaceutical excipient industry is highly competitive, with newer entrants looking to distinguish themselves with novel products. On the other hand, established players are looking to expand production facilities to meet production targets.
One of the prominent companies in the market, Ashland Global Holdings, is looking to expand its portfolio with the help of biologics. As the company’s drug delivery focus enhances, even greater attention is being paid to excipients. Croda International, meanwhile, is looking to increase its functional excipients portfolio.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by Functionality, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by Functionality, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Functionality, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Functionality, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Functionality, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Functionality, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Functionality, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Functionality, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market size is expected to be worth USD 972.9 million in 2024.
The market is estimated to get as big as USD 1,600.0 million by 2034.
The CAGR of the market in the United States is estimated to be 5.3% from 2024 to 2034.
The market can be divided into the following segments: type, technique, formulation, and application.
The market is expected to progress at a CAGR of 5.1% from 2024 to 2034.
Ashland Global Holdings, Croda International, BASF SE, and Lubrizol Corporation are some of the key manufacturers in the pharmaceutical excipient industry.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.