by Glucose Excipient is fastest growing segment fueling the growth of glucose excipient market”
The global glucose excipient Market is estimated to be valued at US$ 1,058.2 Mn or Million in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Glucose excipient are commonly used as filler, binder, lubricant and diluent in pharmaceutical formulations. They help improve flow properties and compressibility of tablets. Being non-reactive and water soluble, glucose excipients are often preferred to manufacture tablets, capsules and other solid oral drug formulations.
Market key trends:
Rising demand for oral solid dosage forms globally is a major growth driver for glucose excipient market. According to a recent report, oral solid dosage forms accounted for over 80% of total pharmaceutical formulations. Tablets and capsules offer advantages like ease of administration, precise dosing and stability over other dosage forms. Their growth is complemented by increase in self-medication trend and growing availability of generic drugs. This rising demand for user-friendly oral drug delivery systems will continue driving demand for glucose excipients in formulation of tablets and capsules during the forecast period.
Segment Analysis
The global glucose excipient market is segmented based on product type, application, and region. By product type, the maltodextrin segment dominated the market in 2022 due to wide application scope in various food & beverages and pharmaceuticals industries. Maltodextrin is the most commonly used glucose excipient owing to its highly processed and easily digestible nature.
Key Takeaways
The Global Glucose Excipient Market Demand is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period from 2023 to 2030, due to increasing demand for easy-to-swallow and easy-to-mix tablet formulations. The market size for 2023 is US$ 1,058.2 Mn.
Regional analysis
The Asia Pacific region is expected to be the fastest growing as well as the dominating region in the glucose excipient market, owing to increasing prevalence of diabetes and growing pharmaceutical excipients industry. Countries like India and China are the major contributors to the growing demand in the region.
Key players
Key players operating in the glucose excipient market include Roquette Frà ̈res, Cargill, Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Grain Processing Corporation, Merck KGaA, DFE Pharma, Hilmar Ingredients, Karo Syrup, Gulshan Polyols Ltd., Tereos Group, Tate & Lyle PLC, Suzhou Hope Technology Co., Ltd., The Honjo Chemical Corporation, and MAFCO Worldwide LLC.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
