The Global Glucose Excipient Market size was valued at US$ 1,058.2 million in 2023 and is projected to reach US$ 1,328.1 million by 2030, growing at a CAGR of 3.3% from 2023 to 2030.
Glucose, a simple sugar, is often employed as a filler or a binder in tablets and capsules. It helps in providing bulk to the medication and aids in the proper formation of the dosage form. Additionally, glucose can act as a sweetener, making the medicine more palatable, especially in the case of orally disintegrating tablets or chewable tablets.
One of the key factors boosting the market for glucose excipients is the increased prevalence of diabetes. Diabetes, which affects how the body metabolizes sugar, is a chronic condition, according to the World Health Organization (WHO). Adults (20 to 79 years old) were estimated to have 422 million cases of diabetes in 2014, and 642 million cases are anticipated by 2040. The need for glucose excipients, which are used in the production of diabetic drugs, is rising as diabetes is becoming more common.
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Top companies in Glucose Excipient Market
Roquette Frères, Cargill, Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Grain Processing Corporation, Merck KGaA, DFE Pharma, Hilmar Ingredients, Karo Syrup, Gulshan Polyols Ltd., Tereos Group, Tate & Lyle PLC, Suzhou Hope Technology Co., Ltd., The Honjo Chemical Corporation, MAFCO Worldwide LLC
Glucose Excipient Market Drivers
- Pharmaceutical Industry Growth: The pharmaceutical industry’s expansion drives the demand for glucose excipients as they are widely used in drug formulation. Glucose excipients act as fillers, binders, and stabilizers in various medications, contributing to their effectiveness and overall quality.
- Increasing Drug Development: With ongoing research and development in the healthcare sector, the number of new drug formulations is rising. As a result, the demand for excipients like glucose is also increasing to meet the requirements of novel drug formulations.
- Advancements in Formulation Technologies: Continuous advancements in drug delivery and formulation technologies create a need for innovative excipients. Glucose excipients are preferred due to their biocompatibility, stability, and ease of processing in various drug delivery systems.
- Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer drives the demand for medications. Glucose excipients find applications in various formulations for these diseases, contributing to market growth.
- Growing Nutraceutical Industry: The nutraceutical sector, including dietary supplements and functional foods, is expanding rapidly. Glucose excipients are utilized in these products to enhance their stability and aid in proper dosage.
- Regulatory Support for Pharmaceutical Excipients: Favorable regulations and guidelines by health authorities for the use of excipients in pharmaceutical formulations support the market growth of glucose excipients.
Glucose Excipient Market Opportunities
Pharmaceutical Industry Growth: The pharmaceutical sector is experiencing significant growth worldwide. Glucose excipients play a crucial role in the formulation of various medications, including tablets, capsules, and syrups. With an increasing number of new drug approvals and the expansion of the generic drug market, the demand for glucose excipients is expected to rise substantially.
Nutraceutical and Dietary Supplements: The rising awareness of health and wellness among consumers has led to a surge in demand for nutraceuticals and dietary supplements. Glucose excipients are frequently used in these products for their role in improving taste, texture, and stability. As the nutraceutical industry continues to grow, so will the demand for glucose excipients.
Clean Label Trends: Consumers are becoming more conscious of the ingredients in the products they consume. Glucose excipients, being derived from natural sources such as corn or wheat, are considered a cleaner and more natural alternative to synthetic excipients. Manufacturers can capitalize on this trend by offering products with clean label claims, which will attract health-conscious consumers.
Advancements in Excipient Technology: Continuous research and development in excipient technology have led to the development of novel glucose excipients with improved functionalities. These advancements, such as modified forms of glucose, offer new opportunities for pharmaceutical and food industries to enhance product quality and performance.
Increased Pharmaceutical R&D: As the pharmaceutical industry invests more in research and development of novel drugs, the demand for specialized excipients, including glucose-based ones, will increase. Customized glucose excipients can be designed to meet the specific needs of different drug formulations, providing a competitive advantage for excipient manufacturers.
Emerging Markets: Developing economies with growing populations and improving healthcare infrastructure present untapped opportunities for the glucose excipient market. These regions are witnessing increased pharmaceutical manufacturing and a rising demand for high-quality excipients to support the production of medicines.
Biodegradable Excipients: Sustainability is a growing concern across industries, including pharmaceuticals and food. Biodegradable glucose excipients, which can replace traditional petroleum-based excipients, hold significant potential as environmentally friendly alternatives, attracting environmentally conscious consumers and businesses.
Glucose Excipient Market Report Coverage
| The market size value in 2023 |
Glucose Excipient Market Drivers:
One of the main drivers of market growth was the increasing demand for pharmaceutical products worldwide. As the pharmaceutical industry expanded, the need for excipients like glucose also grew. Moreover, the trend toward using natural and plant-based ingredients in various products further boosted the demand for glucose excipients, as they are derived from corn or other plant sources.
In addition to traditional applications, the glucose excipient market was also experiencing innovation and diversification. Manufacturers were investing in research and development to improve the functionalities of glucose excipients and develop new applications for them. This included exploring their potential in novel drug delivery systems, as well as investigating their role in enhancing stability and bioavailability in pharmaceutical formulations. Regulatory factors were also influencing the market dynamics. The industry was adapting to evolving regulatory guidelines concerning excipients, which aimed to ensure their safety, quality, and compatibility with different formulations.
Glucose Excipient Market Segmentation
- By Type:
- Dextrose Monohydrate
- Anhydrous Dextrose
- Specialty Glucose Variants
- By Form:
- Powdered Glucose
- Crystalline Glucose
- Liquid Glucose
- By Application:
- Pharmaceuticals
- Food and Beverages
- Confectionery
- Cosmetics
- By End-User:
- Pharmaceutical Companies
- Food and Beverage Manufacturers
- Confectionery Producers
- Cosmetic Companies
- By Sales Channel:
- Direct Sales to Manufacturers
- Distributors
- Online Platforms
- By Grade:
- Pharmaceutical Grade
- Food Grade
- Industrial Grade
- By Packaging:
- Bulk Packaging
- Sachets
- Bottles
- Drums
Glucose Excipient Market Regional Insights
North America is one of the major regions in the global pharmaceutical industry and is likely to have a significant share in the glucose excipient market. Glucose excipients are widely used in the pharmaceutical industry to improve the stability and performance of drugs. They serve as fillers, binders, and tonicity agents in various formulations, making them essential components in the production of medicines.
Asia has been a significant player in the global pharmaceutical and healthcare industry. As a result, the demand for pharmaceutical excipients, including glucose excipients, has been steadily growing in the region. Glucose excipients are commonly used in various pharmaceutical formulations to improve the stability, taste, and appearance of drugs.
Europe is a significant player in the global pharmaceutical industry, and as a result, it plays a vital role in the glucose excipient market. Glucose excipients are widely used in the pharmaceutical and healthcare sectors as fillers, binders, and diluents in various drug formulations. They are preferred due to their biocompatibility, stability, and ease of manufacturing.
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Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Glucose Excipient Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Glucose Excipient Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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