Sustainable Feedstock And Technological Advancements To Augment...

Sustainable Feedstock And Technological Advancements To Augment Growth Of The Glucose Excipient Market

Posté 2023-11-17 13:16:19

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The global Glucose Excipient Market is estimated to be valued at US$ 1,058.2 Mn or Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Glucose excipients are commonly used as filler binders in pharmaceutical formulations. They provide bulkiness and stability to tablets allowing the active drug to be processed easily. Glucose excipients are widely used as stabilizing and bulking agents, especially in oral powders and tablets. They have properties such as good compressibility, stability and solubility, making them suitable for tablet production. They are also beneficial for sustained release products.

Market key trends:
One of the key trends in the glucose excipient market is shift towards use of sustainable feedstock. Conventional glucose excipients use corn starch as the primary raw material which has challenges related to pricing volatility and supply availability. Major players are focusing on developing excipients from non-GMO tapioca and potato starch which are more sustainable. For instance, Roquette offers Explotab which is a non-GMO glucose polymer used as disintegrant and filler-binder. Technological advancements are also a major trend. Players are developing advanced processing techniques to produce novel glucose derivatives with targeted drug release properties. This would help expand application of glucose excipients in complex drug delivery systems.

Porter's Analysis
Threat of new entrants: Low due to high production costs and the needs for large scale production. Bargaining power of buyers: High as excipients constitute a large portion of formulation costs. Bargaining power of suppliers: Moderate due to the availability of substitutes and supplier consolidation. Threat of new substitutes: Moderate as new excipients with improved properties are regularly introduced. Competitive rivalry: High among major players due to price competitiveness and product differentiation.

Key Takeaways
The Global Glucose Excipient Market Demand is expected to witness high growth, exhibiting CAGR of 3.3% over the forecast period, due to increasing demand from pharmaceutical applications.

Regional analysis
North America dominates the global glucose excipient market with over 35% share. This is attributed to the presence of major pharmaceutical companies and continuous innovation in the pharmaceutical sector. Asia Pacific is expected to be the fastest growing region on account of growing generics market and increasing drug approvals in countries like China and India.

Key players
Key players operating in the glucose excipient market are 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.

http://insightskies.weebly.com/blog/advancing-formulation-capabilities-of-the-glucose-excipient-is-anticipated-to-openup-the-new-avanue-for-glucose-excipient-market