Asia Pacific Sugar Based Excipients Market

Asia Pacific Sugar based Excipients Market Size (2024 to 2032)

Asia Pacific Sugar based Excipients Market was worth USD 220.02 million in 2024 and estimated to be growing at a CAGR of 5.05%, to reach USD 326.34 million by 2032.

Excipient is like an ingredient added to a formulation along with the active pharmaceutical ingredient (API). The purpose behind adding an excipient is to enhance the pharmacokinetic properties of a formulation. The shelf life of a drug is increased; the dissolution rate is altered among other properties. Sugar based excipients are the most commonly used as they are widely used in oral formulations to mask the bitter taste of the drug.

Market Drivers 

Increasing use of co processed excipients to improve the dissolution, bioavailability and solubility of recently developed active pharmaceutical ingredients, rapid growth in the generics market due to the patent expiration of many blockbuster drugs, and increasing development of orally disintegrating tablets are expected to propel the growth of this market.

Market Restraints

However, the stringent regulations of FDA for the approval of manufacturing sites are a hindrance to the growth of this market.

Segmental Analysis

Asia Pacific Sugar based Excipients Market By Type

• Powder and granules
• Crystal
• Syrup
• Others

Powders and granules accounted for the biggest share in the segment due to its wide use in various formulations. 

Asia Pacific Sugar based Excipients Market By Product

• Actual sugars
• Sugar alcohols
• Artificial sweeteners

Actual sugar dominated the segment whereas sugar alcohols are to witness fast growth over the forecast period due to a rise in the use of mannitol.

Asia Pacific Sugar based Excipients Market By Functionality

• Fillers
• Diluents
• Flavouring agent
• Tonicity agents

Fillers and diluents account for the major market share due to their widespread use in tablets and capsules. 

Asia Pacific Sugar based Excipients Market By Formulation

• Oral
• Topical
• Parenteral

Oral formulations dominate this segment due to an increased use of various oral formulations.

Asia Pacific Sugar based Excipients Market By Region

• India
• China
• Japan
• Australia
• South Korea

Asia Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia Pacific market can be attributed to the significant growth in the regional healthcare market as well as the pharmaceutical industry, growing scientific base and capability, favourable government policies, and low cost manufacturing advantage in this region. The major players of this market are  India, China and South Korea.

Key Players in the Market

Some of the key players of the market are Archer Daniels Midland Company, The Lubrizol Corporation, Ashland Inc., Roquette Group, Associated British Foods Plc, Meggle AG, Basf SE, FMC Corporation, Cargill, Inc., Dfe Pharma, and Colorcon Inc.