The excipient is a pharmacologically inactive element added along with the API in a particular formulation. IT is added to the formulation 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 gelatine, 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.
The fast growth in the 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. Widespread 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.
The global 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. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific , Latin America and Middle East and Africa . Europe currently dominates the world market due to various favourable government policies issued by the European government. Asia-Pacific excluding Japan region is expected to witness highest growth rate in the sugar based excipient market. Whereas, regions like North and Latin America are experiencing steady growth. Avail Discount @ http://www.marketdataforecast.com/market-reports/sugar-based-excipients-market-2824/request-discount Some of the key players of the 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, and Colorcon Inc.
About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering Global among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
