Middle East And Africa Sugar Based Excipients Market

Middle East and Africa Sugar based Excipients Market Growth and Forecast (2023 - 2028):

Middle East and Africa Sugar based Excipients Market was worth USD 140.44 million in 2022 and estimated to be growing at a CAGR of 4%, to reach USD 169.89 million by 2028.

Market Overview:

An excipient is a pharmacologically inactive element which is added along with the API in a particular formulation. It is added so as to provide stability, increase the absorption of the drug and to better other pharmacokinetic properties. There are many excipients available in the market like gelatin, complex sugars and various polymers. Sugar based excipients are the most common of all, and are widely used in parenteral medicines. These excipients try to mask the bitterness of the pharmaceutical drug.

Drivers and Restraints:

The rapidly growing generic drugs market contributes heavily to the excipient market. There has been an increased usage in co-processed excipient and rising improvement of orally disintegrating tablets. These two factors also drive the market.The use of mannitol is also boosting the market. Drug manufacturers are trying to incorporate excipients in the formulations so that they can be easily taken by children and other patients. However, there is a shortage of FDA approved manufacturing sites because of their strict regulations, making this a major restraint to market growth.

Middle East and Africa Sugar based Excipients Market Segmentation Analysis:

Middle East and Africa sugar excipients market is segmented based on type, product, functionality and formulation. Based on type the market is segmented into Powder and granules, Crystal, Syrup and others. Powders and granules accounted for the biggest share in the segment due to its wide use in various formulations. Based on product, the market is segmented into actual sugars, sugar alcohols, and artificial sweeteners. Actual sugar dominated the segment whereas sugar alcohols are to witness fast growth over the forecast period due to a rise in the use of mannitol. On the basis of functionality, the market is segmented into fillers, diluents, flavouring agent and tonicity agents. Fillers and diluents account for the major market share due to their widespread use in tablets and capsules. Based on formulation, the market is segmented into oral, topical and parenteral. Oral formulations dominate this segment due to an increased use of various oral formulations.

Region Analysis:

Geographically the Middle East and Africa Sugar Based Excipients Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The market size of this region is small as compared to other regions.

Key Players in the Market:

Major Key Players in the MEA Sugar Based Excipients Market are

• Archer Daniels Midland Company
• The Lubrizol Corporation
• Ashland Inc
• Roquette Group
• Associated British Foods Plc
• Meggle AG
• Basf SE
• FMC Corporation
• Cargill, Inc
• Dfe Pharma
• Colorcon Inc