Stratview Research delivers key insights on the global Sugar-Based Excipients Market. According to Stratview Research, the market is segmented By Product (Actual Sugars, Sugar Alcohols, Artificial Sweeteners), Type (Powder/Granule, Crystal, Syrup), Functionality (Filler & Diluent, Tonicity Agents, Other), Formulation (Oral Formulations, Parenteral Formulations, Topical Formulations) and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
The report suggests that the overall Sugar-Based Excipients Market is expected to grow from USD 1.1 billion in 2020 to USD 1.4 billion by 2026 at a CAGR of over 4.1% during the forecast period.
Market Segments' Analysis
Based on formulation, the market has been segmented into oral formulations, parenteral formulations, and topical formulations. The oral formulations segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the increasing development of orally disintegrating tablets (ODTs).
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the presence of an established pharmaceuticals industry coupled with increasing spending on orally disintegrating tablets. The market in Asia-Pacific is expected to be driven by the increasing growth of the pharmaceuticals industry in developing countries, particularly China and India.
Key Players
The following are some of the key players in the Sugar-Based Excipients Market:
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Sugar-Based Excipients Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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