Hyderabad, India -- (SBWire) -- 03/07/2018 --The report on " Sugar Based Excipients Market by Type (Syrup, Powders and Granules, Crystal, And Others), By Product (Actual Sugar, Sugar Alcohol and Artificial Sweeteners), By Functionality (Filler, Diluent, Flavouring Agent and Tonicity Agent), By Formulation (Oral, Topical and Parenteral), and By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", is published by Market Data Forecast. The Global Sugar Based Excipients Market is estimated to approach the valuation of USD 1.06 billion by 2021 at a CAGR of 4.3% from the value of USD 860.6 million in 2016. The rise in the development of orally disintegrating tablets is fuelling the demand for the market. Other factors such as Increase in the usage of co-processed Excipients, and also rise in use of mannitol are boosting the demand for growth of the market. Another major factor driving the growth of the market is the patent expiration of many well-known drugs. However, strict rules and regulations on the manufacturing of products owing to shortage of FDA may hinder the growth of the market.
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Fillers and diluents segment is leading the market share in 2016
The fragmentation of Global Sugar Based Excipients Market is done on the basis of formulation, type, functionality, and product. On the source of functionality, the Sugar Based Excipients Market is segregated into tonicity agents, fillers, flavouring agent, diluents. Because of huge consumption of tablets and capsules, the Fillers and diluents sub-segment from functionality segment of Sugar Based Excipients Market accounts the large market share. On the type, the market is classified as Powder, Syrup, granules, Crystal, and others. Powders and granules sub-segment from the type of Sugar Based Excipients Market holds the biggest share of the market.
Powders and granules segment was the leading market segment
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Oral formulation segment dominates the major market share
On the basis of formulation, the Sugar Based Excipients Market is bifurcated into Parenteral, oral, and topical. Oral formulation segment dominates the market owing to the huge usage of various oral formulations. Under the categorization of product, the market is divided into artificial sweeteners, actual sugars, and sugar alcohols. Because of huge usage of mannitol, the alcohol sugar segment is anticipated to be high CAGR within the forecast period.
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With respect to region, the Sugar Based Excipients Market is segregated into the Middle East and Africa, Europe, Latin America, and Asia-Pacific, North America. Europe holding the largest share of the Sugar Based Excipients Market owing to increase in various European government policies. Europe was closely followed by North and Latin America. The Asia-Pacific market is expected to show a rapid growth with a high CAGR in the forecast period.
Some of the major firms of Sugar Based Excipients Market include Dfe Pharma, Archer Daniels Midland Company, Associated British Foods Plc, Colorcon Inc, The Lubrizol Corporation, Cargill Inc., Ashland Inc., FMC Corporation, Roquette Group, and Basf SE, Meggle AG.
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