With the rise in the Global Pharma Industry, excipients too are bound to have their share of light. Of late, there has been an increasing demand for generic drugs which has, in turn, led to a rise of the excipients market. Also, there has been a steep rise in chronic disease cases as well. Not only that, but the rise in pharma excipients market can also be attributed to the Biopharmaceutical sector which has shown a lot of promise.
Global pharmaceutical excipients market is expected to reach USD 9.78 Billion by 2025, at a CAGR of 5.93% from 2018 to 2025. Europe has emerged as the largest excipient market with 41.53% market share. Presence of a substantial elderly population can be termed as one of the driving force in making this region a stronghold for excipients.
Asia too has emerged as one of the rising markets for excipients due to growth in the pharmaceutical manufacturing industry. Countries like China and India that drive the Asian pharma market are expected to give an immense push to regional CAGR which by the will be highest across the world standing at a growth of 8.09%.