North America Sugar Based Excipients Market

North America Sugar based Excipients Market Growth and Forecast (2023 - 2028):

North America Sugar based Excipients Market was worth USD 271.49 million in 2022 and estimated to be growing at a CAGR of 3.8%, to reach USD 327.15 million by 2028.

Market Overview:

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.

Drivers and Restraints:

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 America Sugar based Excipients Market Segmentation Analysis:

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.

Region Analysis:

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

• 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