July 14, 2024

Glucose Excipient Market Is Estimated To Witness High Growth Owing To Rising Demand From Pharmaceutical Sector

Market Overview:

Glucose excipient is an inert substance that is used as carrier of an active ingredient in pharmaceutical formulations. Major types of glucose excipients include anhydrous glucose, glucose monohydrate and corn syrup solids. Glucose excipients are commonly used in solid oral dosage forms such as tablets, capsules and oral liquid dosage forms. They aid in the formulation and processing of pharmaceutical drugs by providing properties such as adhesion, cohesion, diluting properties and improving flowability of granules.

Market Dynamics:

The glucose excipient market is expected to witness significant growth over the forecast period owing to rising demand from pharmaceutical sector. Pharmaceutical industry has been witnessing steady rise particularly in emerging economies which in turn is boosting demand for glucose excipients from these regions. Additionally, growing geriatric population susceptible to various diseases is further fueling the need for various drugs boosting demand for glucose excipients used in manufacturing these drugs. Furthermore, glucose excipients provide beneficial properties such as easy handling during manufacturing process and ensure optimum drug release properties, thereby making pharmaceutical manufacturing cost effective. These advantages are augmenting demand for glucose excipients in pharmaceutical industry.

SWOT Analysis
Strength: Glucose is a widely used excipient in the pharmaceutical industry. It is readily available, affordable and compatible with various active ingredients. Three qualities make it suitable for manufacturing tablets, granules and powders that need to dissolve or disintegrate rapidly.
Weakness: Some medications produce an unpleasant sweet taste when glucose is used as an excipient. Extended shelf life stability issues may also arise due to glucose’s hydroscopic nature. Frequent change in policies may impact supply chains.
Opportunity: Increasing demand for nutraceuticals and functional foods offer growth opportunities with glucose’s viability in food applications. Developing economies increasing spend on healthcare presents a reliable customer base.
Threats: Changing consumer tastes towards low sugar products and sweeteners pose threats. Stringent quality regulations on microbial limits increase compliance costs.

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 for nutritional and functional foods. Market size for 2023 is US$ 1,058.2 Mn.

Regional analysis: North America dominates the market currently owing to established pharmaceutical industries and availability of supporting infrastructure. Asia Pacific exhibits highest growth due to expansion of healthcare and food processing sectors in emerging economies.

Key players operating in the glucose excipient market are Roquette Frà ̈res, 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.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it