Excipient is like an ingredient added to a formulation along with the active pharmaceutical ingredient (API). The purpose behind adding an excipient is to enhance the pharmacokinetic properties of a formulation. The shelf life of a drug is increased; the dissolution rate is altered among other properties. Sugar based excipients are the most commonly used as they are widely used in oral formulations to mask the bitter taste of the drug.
Increasing use of co-processed excipients to improve the dissolution, bioavailability and solubility of recently developed active pharmaceutical ingredients, rapid growth in the generics market due to the patent expiration of many blockbuster drugs, and increasing development of orally disintegrating tablets are expected to propel the growth of this market. However, the stringent regulations of FDA for the approval of manufacturing sites are a hindrance to the growth of this market.
• Type o Powders and granules o Crystal o Syrup o Others o Y-o-Y Growth Analysis, By Type o Market Attractiveness Analysis, By Type o Market Share Analysis, By Type
• Product o Actual sugar o Sugar alcohol o Artificial sweeteners o Y-o-Y Growth Analysis, By Product o Market Attractiveness Analysis, By Product o Market Share Analysis, By Product
• Functionality o Filler o Diluent o Flavoring agent o Tonicity agent o Y-o-Y Growth Analysis, By Functionality o Market Attractiveness Analysis, By Functionality o Market Share Analysis, By Functionality
• Formulation o Oral o Topical o Parenteral o Y-o-Y Growth Analysis, By Formulation o Market Attractiveness Analysis, By Formulation o Market Share Analysis, By Formulation
On the basis of geography, the market is analysed under various regions namely India, China, Japan, Australia and South Korea. Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to the significant growth in the regional healthcare market as well as the pharmaceutical industry, growing scientific base and capability, favourable government policies, and low-cost manufacturing advantage in this region. The major players of this market are- India, China and South Korea.
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.
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