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Global Glucose Excipient Market Is Estimated To Witness High Growth Owing To Increasing Demand for Pharmaceutical Excipients

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Anjali CMI
Global Glucose Excipient Market Is Estimated To Witness High Growth Owing To Increasing Demand for Pharmaceutical Excipients

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

Market Overview:

Glucose excipients are widely used in the pharmaceutical industry as a filler or diluent in tablets and capsules. They provide various advantages such as improving compressibility, enhancing drug stability, and facilitating proper disintegration of the dosage form in the body. Glucose excipients play a crucial role in ensuring the uniformity and integrity of pharmaceutical products. The growing pharmaceutical industry, especially in emerging economies, is expected to drive the demand for glucose excipients.

Market Key Trends:

One key trend in the glucose excipient market is the increasing demand for pharmaceutical excipients. Excipients are an integral part of pharmaceutical formulations and contribute to the overall effectiveness and safety of medicines. With the increasing focus on drug delivery systems and patient compliance, the demand for high-quality excipients is growing. Glucose excipients, being cost-effective and safe, are witnessing high demand from the pharmaceutical industry.

For example, Roquette Frères, one of the key players in the glucose excipient market, offers GLUCIDEX® excipients, which are highly pure and meet the stringent requirements of the pharmaceutical industry. These excipients provide excellent flowability and compactibility, making them ideal for tablet manufacturing.

PEST Analysis:

- Political: The political landscape plays a crucial role in regulating the pharmaceutical industry and ensuring the safety and efficacy of medicines. Government regulations pertaining to drug manufacturing and formulation can impact the demand for glucose excipients.

- Economic: The economic factors such as GDP growth, disposable income, and healthcare expenditure influence the pharmaceutical industry, thereby impacting the demand for glucose excipients.

- Social: The growing awareness among consumers regarding healthcare and the importance of quality medicines is driving the demand for innovative drug formulations and, in turn, pharmaceutical excipients.

- Technological: Advancements in technology have led to the development of new drug delivery systems and formulations, creating a demand for compatible and high-performing excipients like glucose excipients.

Key Takeaways:

- The global Glucose Excipient Market Scope is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period, due to the increasing demand for pharmaceutical excipients.

- North America is anticipated to dominate the glucose excipient market, owing to its well-developed pharmaceutical industry and high healthcare spending.

- Key players operating in the global glucose excipient market include 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, and MAFCO Worldwide LLC. These players are continuously investing in research and development activities to offer innovative glucose excipient solutions.

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Anjali CMI
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