Pharmaceutical Excipients Market

Market Leaders - Pharmaceutical Excipients Market

The pharmaceutical excipients market is projected to reach USD 13.9 billion by 2028 from USD 10.0 billion in 2023, at a CAGR of 6.8% during the forecast period. The uphill rise of the pharmaceutical excipients market can be credited to the high demand of pharmaceutical products & generics, rising adoption of novel excipient development, shift towards development of more patient centric formulations and teaming up of pharmaceutical companies to deliver customized excipients.

The global pharmaceutical excipients market is highly competitive with multiple companies competing for high market shares. The prominent players operating in this market include International Flavors & Fragrances Inc. (US), Ashland Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), Kerry Group Plc (Ireland), Roquette Frères (France), Merck KGaA (Germany), Associated British Foods Plc (UK), ADM (US) and Wacker Chemie AG (Germany) among others.

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International Flavors & Fragrances Inc. (US)

International Flavors & Fragrances Inc. (IFF) is a major producer of flavors, fragrances, and other ingredients used in a wide range of consumer products, including food, beverages, health and wellness products, cosmetics, and pharmaceuticals. IFF's business is divided into four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions. In 2022, International Flavors & Fragrances Inc. held a dominant position in the market. IFF offers a strong product portfolio in pharmaceutical excipients. The company has a diversified geographic reach in more than 45 countries across the globe and a strong emphasis on research and development.

Ashland Inc. (US)

Ashland boasts a diverse product portfolio encompassing a comprehensive range of pharmaceutical excipients, including tablet binders, disintegrants, film coatings, solubilizers, thickeners, protectants, and rheology modifiers. Ashland's market dominance stems from its commitment to research and development, robust manufacturing capabilities, and extensive distribution network, allowing it to cater to customers in over 100 countries with a total  of 24 R&D labs, 32 manufacturing sites and 26 offices globally. The company is actively expanding its pharmaceutical excipient portfolio to address the growing consumer demand.

Ashland is constantly investing in product discovery to grow its specialty chemicals business. The company's strategic priority is to leverage its market position by focusing on customer-focused innovation and launching new products. This will enable Ashland to reach a larger customer base and broaden its revenue streams.

Evonik Industries AG (Germany)

Evonik is a global leader in health, consumer, and real estate solutions, with a particular emphasis on health, nutrition, and resource efficiency. The company operates through five business segments: Nutrition & Care, Smart Materials, Specialty Additives, Performance Materials, and Technology & Infrastructure. The Nutrition & Care segment focuses on pharmaceutical excipients, offering polymers and excipients for controlled drug release. Additionally, this segment deals with active pharmaceutical ingredients and nutritional materials.

Evonik Industries boasts an expansive portfolio of polymeric products catering to the pharmaceutical excipients market. The company's extensive global footprint, encompassing subsidiaries, production facilities and distribution channels, empowers it to connect with a vast customer base. Evonik's primary focus is on expanding its product portfolio across diverse industries to align with the evolving demands of its clientele. Evonik displays a geographic presence in over 100 countries with production sites at 104 locations in 27 countries.

Related Reports:

Pharmaceutical Excipients Market by Product (Organic (Oleochemicals, Carbohydrates) Inorganic (Calcium Carbonate), Functionality (Fillers, Binders, Lubricants, Diluents), Formulation (Oral, Parenteral), Application (Stablizers) - Global Forecast to 2028

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Pharmaceutical Excipients Market Size,  Share & Growth Report
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