The Global Pharmaceutical Excipients Market is estimated to be valued
at USD 10.96 Bn in 2025 and is expected to reach USD 19.29
Bn by 2032, exhibiting a compound annual growth rate (CAGR)
of 8.4% from 2025 to 2032. The pharmaceutical excipients market is
experiencing consistent growth, supported by the growing complexity of drug
formulations and the rising need for advanced drug delivery solutions. Although
excipients are pharmacologically inactive, they play a vital role in improving
the stability, bioavailability, and production efficiency of pharmaceutical
products.
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Global Pharmaceutical Excipients
Market Key Takeaways
Inorganic chemicals segment is slated
account for more than half of the global pharmaceutical excipients market share
in 2025.
Based on functionality, fillers and
diluents category is projected to dominate the global market during the
assessment period.
North America is expected to maintain
its dominance, accounting for over two-fifths of the global pharmaceutical
excipients industry share in 2025.
Asia Pacific is poised to emerge as a
hotbed for pharmaceutical excipients market companies over the forecast period.
Growing Demand for Generic Drugs
Triggering Market Growth
Coherent Market Insights’ latest pharmaceutical
excipients market analysis outlines key factors driving industry growth.
Increasing demand for generic and biologic drugs is one such prominent growth
driver.
Patent expiration of blockbuster
drugs is putting generic drugs into the limelight. People are increasing opting
for generic medications due to easy accessibility and low cost. This is
expected to drive demand for pharmaceutical excipients.
Generic formulations often rely heavily
on pharmaceutical excipients like fillers, binders, viscosity agents, and
disintegrants. Thus, as the demand for generic drugs continues to grow, so will
sales of pharmaceutical excipients. Similarly, rising popularity of biologics
is contributing to market growth.
Also Read: Glucose Excipient Market
Size, Share, Trends & Opportunities for 2025-2032
Regulatory Hurdles and Cost
Constraints Limiting Market Growth
The global pharmaceutical excipients
market outlook looks promising due to increasing demand for generic drugs and
biologics. However, high development costs and regulatory hurdles might limit
market growth to some extent.
Excipients must comply with stringent
safety, quality, and functional performance standards set by regulatory
authorities. This makes approval costly and time-consuming, thereby slowing
down pharmaceutical excipients market growth.
Developing new excipients requires a
lot of money for research, safety testing, and meeting regulations, but the
profits are often uncertain. Because of this, many manufacturers avoid taking
risks and instead keep using a small set of well-known excipients.
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Rising Incidence of Chronic Diseases
Creating Growth Opportunities
The global prevalence of chronic
conditions like diabetes, cancer, and cardiovascular diseases is increasing
significantly. For example, according to the WHO, over 800 million adults
worldwide have diabetes. This leads to long-term use of medicines, which
increases the need for excipients in oral, injectable, and controlled-release
drugs. Similarly, rising geriatric population is expected to create growth
opportunities for pharmaceutical excipient manufacturers during the assessment
period.
Emerging Pharmaceutical Excipients
Market Trends
Rising popularity of natural excipients is a key trend in the
pharmaceutical excipients market. There is a shift towards natural and
plant-based excipients like cellulose and starches. This transition towards
green excipients is expected to support market expansion during the forthcoming
period.
Multifunctional excipients that combine functions to simplify
or improve formulations are gaining traction globally. These excipients reduce
the number of ingredients needed in a formulation, improving efficiency as well
as reducing costs. Rising adoption of these advanced excipients will play a key
role in driving the market forward.
Growing demand for patient-friendly formulations is driving
the growth of the pharmaceutical excipients market. Products like orally
disintegrating tablets, liquids, and chewables are becoming more popular
because they are easier to take. This is increasing the use of pharmaceutical
excipients, and the trend is expected to continue in the coming years.
Innovations in drug delivery systems are expected to uplift
pharmaceutical excipient demand. This is because new delivery methods like
biologics, mRNA vaccines, and sustained/controlled release require advanced excipients.
Industry players are focusing on developing novel and
multifunctional excipients to address the challenges of complex APIs, such as
biologics and gene therapies. These innovations will bode well for the market.
Also Read: Nutraceutical Excipient
Market Analysis & Forecast for 2025-2032
Analyst’s View
“The global pharmaceutical excipients industry is
expected to grow rapidly, owing to increasing demand for generic drugs, rising
prevalence of chronic diseases, regulatory emphasis on safety and quality,
growing popularity of natural and sustainable excipients, and innovation in
drug delivery systems,” said a lead CMI analyst.
Current Events and Their Impact on the
Pharmaceutical Excipients Market
Event
Description
and Impact
Global Chronic Disease Prevalence
Description: Prevalence of
diabetes and cardiovascular diseases is increasing
significantly.
Impact: This drives demand for excipients used in
long-acting injectable formulations and sustained-release oral
medications.
Technological Disruption in Drug Delivery Systems
Description: mRNA
vaccines and therapies are gaining immense traction globally.
Impact: This
creates demand for novel excipients such as lipid nanoparticles and
stabilizers, opening new niche markets.
Sustainability and Green Chemistry Initiatives
Description: The industry is moving toward
eco-friendly solutions.
Impact: This increases demand for
plant-based and biodegradable excipients.
Competitor Insights
Key companies in pharmaceutical excipients
market report include:
– DuPont de Nemours, Inc.
– BASF SE
– Ashland Global Holdings
Inc.
– Innophos
– Roquette Frères
– Colorcon Inc.
– Merck KGaA
– JRS Pharma
– Croda International Plc
– Evonik Industries AG
– Kerry Group plc
– The Lubrizol Corporation
– Innophos Holdings Inc.
– Archer Daniels Midland Company
(ADM)
– WACKER Chemie AG
– DFE Pharma
– Meggle Group
Key Developments
·
In
September 2025, Evonik launched MaxiPure Polysorbate 80, a highly pure surfactant
designed for biologics and parenteral drug formulations (injectables). This new
excipient addresses key challenges like viral inactivation, protein stability,
and consistent solubilisation of hydrophobic APIs.
·
In
June 2025, BASF opened its new GMP Solution Centre in Wyandotte, Michigan. This
facility will be used to produce innovative solutions like bioprocessing
ingredients and excipients for small molecules as well as biopharma
applications.
·
In November
2024, Clariant
introduced new high-performing excipients at the CPHI India 2024 trade show.
These novel excipients are designed to support the development of safe, stable,
and effective medicines.
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Market Segmentation
Product
Type Insights (Revenue, USD Bn, 2025 – 2032)
Inorganic
Chemicals
Organic
Chemicals
Other
Products
Functionality
Insights (Revenue, USD Bn, 2025 – 2032)
Fillers
and Diluents
Binders
Suspension
Viscosity
Agents
Coatings
Flavoring
Agents
Disintegrants
Colorants
Preservatives
Others
Formulation
Insights (Revenue, USD Bn, 2025 – 2032)
Regional
Insights (Revenue, USD Bn, 2025 – 2032)
North
America
Latin
America
Brazil
Argentina
Mexico
Rest of
Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of
Europe
Asia
Pacific
China
India
Japan
Australia
South
Korea
ASEAN
Rest of
Asia Pacific
Middle
East
GCC
Countries
Israel
Rest of
Middle East
Africa
South
Africa
North
Africa
Central
Africa
Also Read: Sugar-Based Excipients
Market Size, Share & Trend Analysis Report for 2025-2032
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