The global pharmaceutical excipients market value was USD 8.64 billion in 2023, driven by the expanding pharmaceutical industry across the globe. The market size is anticipated to grow at a CAGR of 4.1% during the forecast period of 2024-2032 to achieve a value of USD 12.40 billion by 2032.
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Historical Year
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A pharmaceutical excipient, also referred to as a bulking agent, diluent, or filler, is an organic or synthetic product formulated with the active ingredient of a drug, included in a pharmaceutical dosage form to assist in the manufacturing process to protect, support, or enhance stability, or for bioavailability. They also help to identify products and improve general product safety or functionality during storage or use.
The EMR’s report titled “Pharmaceutical Excipients Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Functionality
Market Breakup by End User
Market Breakup by Distribution Channel
Market Breakup by Region
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The pharmaceutical excipients market is driven by factors such as the growing pharmaceutical industry combined with advances in functional excipients, increased use of orphan drugs, and the increased use of biopharmaceuticals. The advent of multifunctional excipients, the shifting focus of pharmaceutical manufacturing to emerging markets, and the increasing biosimilar sector also pose important growth possibilities in the pharmaceutical excipients market for the market players.
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The report presents a detailed analysis of the following key players in the global pharmaceutical excipients market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The pharmaceutical excipients market was valued at USD 8.64 billion in 2023.
The market is expected to grow at a CAGR of 4.1% from 2024 to 2032 to reach a value of USD 12.40 billion by 2032.
The major drivers expected to aid the market growth are the growth of the pharmaceutical sector, rising demand for OTC drugs, advancements in biotechnology, and the development of the multifunctional excipients.
The key market trends guiding the growth of the pharmaceutical excipients market include growing technological advancements, and the launch of new products owing to increased research and development activities.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Organic chemicals and inorganic chemicals, among others, are the leading pharmaceutical excipients products in the market.
Oral formulations, topical formulations, and parenteral formulations, among others, are the major formulations of the product in the market.
The significant functionalities of the product in the market include fillers and diluents, suspending and viscosity agents, coating agents, binders, flavouring agents and sweeteners, disintegrants, colourants, lubricants and glidants, preservatives, and emulsifying agents, among others.
The major players in the global pharmaceutical excipients market are DuPont De Nemours, Inc., Roquette Frères, Ashland Global Holdings Inc., Evonik Industries AG, BASF SE, Kerry Group PLC, Croda International Plc, ABF Ingredients Limited, Archer Daniels Midland Company, The Lubrizol Corporation, Innophos Holdings Inc., and WACKER Chemie AG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Functionality |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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