Excipients play a crucial role in the formulation of drugs. These are incorporated in the dosages because of their capability to modify and enhance the therapeutic effect of the drugs. Excipients are inert in nature. Glucose is a vital form of the pharmaceutical excipient used in a wide range of formulations. Glucose plays a very crucial role as excipients, including acting as sweetening, binding, and osmotic agents. Sometimes, it is also used as a base for the parenteral formulation of syrup preparation. However, the incorporation of such excipients improves patient compliance.
The major factor driving the growth of the global glucose excipient market is the growing use of pharmaceutical formulations to disguise and mask the bad taste & odor of the drug. Thus, there is a high demand for glucose excipients in the chemical and pharmaceutical sector. These excipients effectively maculate polymer, sugar, gelatin, complex starches, and many more. Also, the growing initiatives from generic drug manufacturers to focus on pediatric drugs are likely to thrive the demand further. The key market players are adopting growth strategies like product approvals, product launches, patents, and events to expand their customer base and business geographically. In addition, companies are fuelling their investment to propel the research & development activities and bring distinct products in the market to gain a strong foothold in the global market.
The global glucose excipient market can be segmented into product, end-user, and region.
By product, the market can be segmented into glucose, monohydrate anhydrous, and others.
By end-users, the market can be segmented into injectables, dialysis applications, parenteral nutrition, and others.
North America accounts for the largest share in the global glucose excipient market due to the growing research and development activities in the region. Also, the growing investments by the government as well as prominent market leaders to expand the market further accelerate the growth of the regional market.
Asia Pacific is also likely to be the fastest-growing region in the global market due to the fast proliferating medical and pharmaceutical sector in the region.
Some of the significant players in the global glucose excipient market are Feitian, Ingredion, Global Sweeteners, Lihua Starch, Zhucheng Xingmao Corn Developing, Tereos, ADM, Tate & Lyle, Roquette, Avebe, Zhucheng Dongxiao Biotechnology, Xiwang Group, Cargill, and Qingyuan Food. To cite, Roquette announced its first acquisition on 31st May 2017 in the pharmaceutical excipients market. The acquisition of Itacel will help the company to position itself as an established supplier to the pharmaceutical industry and a global leader in natural-based pharmaceutical excipients solutions.
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