North America Sugar based Excipients Market was worth USD 271.49 million in 2021 and estimated to be growing at a CAGR of 3.8%, to reach USD 327.15 million by 2026.
The excipient is a pharmacologically inactive substance which is added with the drug in a formulation. It is added so as to provide stability, increase the dissolution and to better other pharmacokinetic properties. Some common excipients available in the market are gelatin, complex sugars and various polymers. Sugar based excipients are the most common of all, and are widely used in parenteral medicines as they mask the bitterness of the drug.
Rising growth in the generic drugs market contributes directly to the excipient market. There has been a rise in the use of in co-processed excipient and improvement of orally disintegrating tablets. These two factors also drive the market. Another factor which is boosting the market is the wide use of mannitol in various oral formulations. Excipients are being added to the formulations to make them look attractive so that they can be taken by children and other patients. Due to stringent regulations of FDA regarding manufacturing sites there is a shortage, making it one of the major restraints.
North American 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.
Geographically the North America Sugar Based Excipients Market is segmented into US, Canada and Rest of North America. The North American market has a considerable share in the market and is expected to have a steady growth.
Key Players in the Market:
Major Key Players in the North America Sugar Based Excipients Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Powders and granules
5.1.3 Crystal
5.1.4 Syrup
5.1.5 Others
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2 Product
5.2.1 Introduction
5.2.2 Actual sugar
5.2.3 Sugar alcohol
5.2.4 Artificial sweeteners
5.2.5 Y-o-Y Growth Analysis, By Product
5.2.6 Market Attractiveness Analysis, By Product
5.2.7 Market Share Analysis, By Product
5.3 Functionality
5.3.1 Introduction
5.3.2 Filler
5.3.3 Diluent
5.3.4 Flavouring agent
5.3.5 Tonicity agent
5.3.6 Y-o-Y Growth Analysis, By Functionality
5.3.7 Market Attractiveness Analysis, By Functionality
5.3.8 Market Share Analysis, By Functionality
5.4 Formulation
5.4.1 Introduction
5.4.2 Oral
5.4.3 Topical
5.4.4 Parenteral
5.4.5 Y-o-Y Growth Analysis, By Formulation
5.4.6 Market Attractiveness Analysis, By Formulation
5.4.7 Market Share Analysis, By Formulation
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Product
6.1.3.4 By Functionality
6.1.3.5 By Formulation
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Product
6.1.4.4 By Functionality
6.1.4.5 By Formulation
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Product
6.1.5.4 By Functionality
6.1.5.5 By Formulation
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Archer Daniels Midland Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 The Lubrizol Corporation
8.3 Ashland Inc.
8.4 Roquette Group
8.5 Associated British Foods Plc
8.6 Meggle AG
8.7 BASF SE
8.8 Dfe Pharma
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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