Austin, June 27, 2025 (GLOBE NEWSWIRE) — Pharmaceutical Excipients Market Size & Growth Analysis:
According to SNS Insider, the global Pharmaceutical Excipients Market was valued at USD 9.5 billion in 2023 and is projected to reach USD 17.8 billion by 2032, growing at a CAGR of 7.2% during the forecast period 2024–2032.
The global pharmaceutical excipients market is growing at a steady rate owing to the demand for effective drug delivery systems and an increase in the production of generic medicines. New formulation strategies with increasing focus on multi-functional and co-processed excipients are contributing to improved stability and bioavailability of drugs. Furthermore, the upsurge of pharmaceutical manufacturing in emerging economies and conducive regulatory environments are driving formulation-based market growth of all types, but especially oral and injectable delivery.
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The U.S. pharmaceutical excipients market was estimated at USD 1.84 billion in 2023 and is expected to reach USD 3.52 billion by 2032, at a CAGR of 7.16% during the forecast period of 2024-2032
The North American pharmaceutical excipients market is mainly dominated by the U.S. owing to the presence of the well-established pharmaceutical industry in this region, extensive R&D focus, and the growing trend of advanced drug formulations. There are also extensive regulatory processes and the use of advanced excipient technologies in the country to help manufacture both brand and generic medicines.
Major Players Analysis Listed in this Report are:
- SEPPIC (Montanov 68, Sepigel 305)
- Celanese (Sunett, Clarifoil)
- Hovione (Spray-dried lactose, Microcrystalline cellulose)
- Danisco (Microcrystalline cellulose, Ethylcellulose)
- Vianex S.A. (Lactose monohydrate, Magnesium stearate)
- Dishman Carbogen Amcis (Vitamin D3, Cholesterol)
- BASF (Kollidon, Soluplus)
- Dow Chemical Company (Methocel, Ethocel)
- Evonik Industries (Eudragit, Aerosil)
- Ashland Global Holdings (Klucel, Plasdone)
- Roquette (Pearlitol, Lycatab)
- FMC Corporation (Avicel, Aquacoat)
- Colorcon (Opadry, Surelease)
- Lubrizol Life Science (Carbopol, Pemulen)
- Shin-Etsu Chemical Co., Ltd. (Metolose, Pharmacoat)
- JRS Pharma (Vivapur, Prosolv)
- DFE Pharma (Lactohale, SuperTab)
- Kerry Group (SheffCoat, PharmaGrade Lactose)
- Meggle Pharma (FlowLac, Tablettose)
- Anhui Sunhere Pharmaceutical Excipients Co., Ltd. (Microcrystalline cellulose, Croscarmellose sodium)
Pharmaceutical Excipients Market Report Scope
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.5 billion |
| Market Size by 2032 | US$ 17.8 billion |
| CAGR (2024–2032) | 7.20% |
| U.S. Market 2024 | USD 1.84 billion |
| U.S. Forecast by 2032 | USD 3.52 billion |
| Base Year | 2023 |
| Forecast Period | 2024–2032 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Segment Analysis
Organic Chemicals Segment Holds the Largest Share of the Pharmaceutical Excipients Market by Product
The organic chemicals segment accounted for the largest share of the pharmaceutical excipients market in 2023, with a 51% market share, due to their wide range of applications in drug formulation and better compatibility with active pharmaceutical ingredients (APIs). This versatility in oral, injectable, and topical formulations is at the heart of their role in drug development.
By Functionality, Fillers and Diluents Segment Dominates the Pharmaceutical Excipients Market
In 2024, the fillers and diluents segment held the largest share of the pharmaceutical excipients market due to their widespread application in solid oral dosage forms such as tablets and capsules. Such excipients are known to ameliorate bulk, compressibility, and distribution of active ingredients, which are important for consistent drug performance. The low cost and easy availability, and support through many APIs also promote mass adoption.
By Formulation, the Oral Formulations Segment Dominates the Pharmaceutical Excipients Market
The pharmaceutical excipients market was dominated by the oral formulations segment, owing to oral dosage forms involving the highest patient compliance, ease of administration, and being cost-effective as compared to other dosage forms. These formulations necessitate a variety of excipients (binders, fillers, disintegrants, and coatings) for stability, bioavailability, and sustained release.
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Pharmaceutical Excipients Market Segmentation
By Product
- Organic Chemicals
- Oleochemicals
- Proteins
- Carbohydrates
- Petrochemicals
- Other Organic Chemicals
- Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Calcium Sulfate
- Halites
- Calcium Carbonate
- Other Inorganic Chemicals
- Other Chemicals
By Formulation
- Oral Formulations
- Tablets
- Liquid Formulations
- Capsules
- Others
- Topical Formulations
- Parenteral Formulations
- Others
By Functionality
- Fillers & Diluents
- Coating Agents
- Suspending & Viscosity Agents
- Binders
- Flavoring Agents & Sweeteners
- Disintegrants
- Preservatives
- Colorants
- Lubricants & Glidants
- Emulsifying Agents
- Others
By Functionality Application
- Stabilizers
- Solubility & Bioavailability Enhancement
- Taste Masking
- Modified Release
- Others
Asia Pacific Registered the Highest Value Share In the Pharmaceutical Excipients Market; North America Projected to Witness the Significant Growth Rate
In 2023, Asia Pacific held the largest share of the pharmaceutical excipients market owing to the rapidly increasing manufacturing base for the pharmaceutical industry in this region, cost-effective capacity of producing excipients, and favourable government initiatives. Excipients are heavily dependent on drug formulation development by countries such as India and China, which are favoured countries for generic drugs. Furthermore, its dominance in the global pharmaceutical excipients market is further propelled by the availability of raw materials, skilled human resources, and rising domestic need for cost-effective medicines.
The pharmaceutical excipients market in North America is anticipated to exhibit significant growth as continuous R&D investments, access to an established pharmaceutical sector, and regulatory standards that ensure excipients act at a high level of quality and safety are maintained across the region during the forecast period. Excipient innovation has been expedited as well due to the increased prevalence of chronic disease and the need for new drug delivery systems.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence of Diseases (2023)
5.2 Prescription Trends by Region (2023)
5.3 Drug Volume: Production and Usage (2020-2032)
5.4 Regulatory Compliance Trends (2023)
5.5 Innovation and New Excipients Adoption (2023)
6. Competitive Landscape
7. Pharmaceutical Excipients Market by Product
8. Pharmaceutical Excipients Market by Formulation
9. Pharmaceutical Excipients Market by Functionality
10. Pharmaceutical Excipients Market by Functionality Application
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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