Market Research Trends

The pharmaceutical excipients market is estimated to grow at a 6% CAGR during the forecast period, from US$ 7.9 billion in 2021 to US$ 10.9 billion by 2026. Factors such as rising demand for functional excipients, rising demand for generics, and the introduction of new excipients into the market are driving global sales of pharmaceutical excipients. Hundreds of different excipients are utilised in medicines and cosmetics, accounting for around 90% of each product. As a result, they have a market value that accounts for approximately 0.5% of total demand for pharmaceutical excipients. The pharmaceutical excipients market is predicted to reflect a similar pattern to that of North America, where it has the largest share, over the forecast period. The fast-growing pharmaceutical sector, rising demand for functional excipients, the presence of significant competitors in the region, and technological advancements will all fuel market growth. Additionally, one of the factors fueling the grow...