The Asia-Pacific pharmaceutical excipient market is estimated to grow at a significant CAGR of 8.8% during the forecast period. Low manufacturing cost of excipients in the region, low awareness regarding biological drugs, increasing patient pool, increasing healthcare expenditure are some of the major factors contributing to the growth of the market in the region.
The Asia-Pacific pharmaceutical excipient market is segmented on the basis of product and formulations. Based on the product, the market is segmented into solubilizers & surfactants/emulsifiers, polyols, carbohydrates, and specialty excipients. Solubilizers & Surfactants/Emulsifiers covered in the report include triglycerides, esters, and others. in addition, polyols include mannitol, sorbitol, and others. Carbohydrates including sucrose, dextrose, starch, and others are estimated to hold a prominent share in the market. Based on formulations, the market is segmented into oral formulations, topical formulations, parenteral formulations, and other formulations. Oral formulations held a remarkable share in the market.
Geographically, the Asia-Pacific market is segmented further segmented into India, China, Japan, and the Rest of Asia-Pacific. China holds the largest share in the market owing to the low manufacturing cost and favorable government policies such as Made in China in 2025. Further, India is estimated to exhibit the highest growth rate during the forecast period. Moreover, the recent COVID-19 outbreak in the region and across the globe has increased the demand for drugs. This, in turn, has significantly increased the demand for pharmaceutical excipient and hence drives the market growth.
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Asia-Pacific Pharmaceutical Excipient Market Segmentation
By Product
- Solubilizer & Surfactants/Emulsifier
- Polyols
- Carbohydrates
- Specialty Excipients
By Formulation Type
- Oral Formulation
- Topical Formulation
- Parenteral Formulation
- Other Formulations
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Regional Analysis
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- ABITEC Corp.
- Overview
- ABITEC Corp. in Asia-Pacific
- ABITEC Corp. in Pharmaceutical Excipient Landscape
- Recent Developments
- BASF SE
- Colorcon, Inc
- Roquette Freres SA
- Merck KGaA
- Meggle AG
- Pharmonix Biological Pvt. Ltd.
- Sigachi Industries Pvt. Ltd.
- Signet Chemical Corporation Pvt. Ltd.
- SPI Pharma Inc.
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