North America to dominate the Plant Based Excipients Market through 2028
Global
Plant Based Excipients Market to be driven by growing interest in plan based
excipients as an alternative to traditional excipients in pharmaceuticals during the forecast period.
According to TechSci Research report, “Plant
Based Excipients Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028F”, Global
Plant Based Excipients Market is anticipated to grow at an impressive rate in
the forecast period, 2024-2028. Global Plant Based Excipients market is driven
by the growing demand for natural and sustainable products, an increasing focus
on patient safety, advancements in technology, regulatory support, and
cost-effectiveness. Additionally, increasing research and development
activities for the development of plant-based excipients that can be used to
improve the solubility, stability, and bioavailability of drugs is expected to
support the growth of global plant based excipients market in the coming years.
Plant based excipients such as alginate, cellulose, starch, proteins, and gums
have shown promise in various applications in the pharmaceutical industry.
Plant based
excipients are a group of natural ingredients used in pharmaceutical
formulations to help stabilize, disseminate, and deliver the active ingredients
while ensuring proper dosage and efficacy. One of the major advantages of plant
based excipients is their low toxicity and high biocompatibility, which makes
them an ideal alternative to synthetic excipients. Moreover, they offer a high
degree of formulation flexibility, which allows manufacturers to tailor the
products according to the desired dosage form, release profile, and
site-specific delivery. Global plant based excipients market has been driven by
several factors, including the growing demand for natural and eco-friendly
products, the increasing prevalence of chronic diseases, and the expanding nutraceutical
and dietary supplements industry.
The use of plant based excipients
presents a lot of challenges in terms of cost, regulatory approvals,
acceptance, scalability, among others. Scalability is a major concern hampering
the growth of global plant based excipients market. While natural sources like
corn, potatoes, and sugar cane are renewable, there may not be enough of these
resources to meet the increasing demand for plant based excipients. Moreover,
the quality of plant based excipients can vary depending on the source and
conditions of cultivation, which can impact their efficacy and consistency. Plant
based excipients need to meet strict regulatory requirements before they can be
used in pharmaceuticals. The regulatory approval process can be time-consuming
and expensive, making it difficult for smaller companies to develop and launch
new plant based excipients, thereby slowing down the growth of global plant
based excipients market. Also, the cost of plant based excipients can be higher
than traditional excipients, which may limit their use in some applications.
Furthermore, plant based excipients may not be compatible with all types of
active pharmaceutical ingredients (APIs). This can limit their use in certain
drug formulations and may require additional development and testing to ensure
compatibility.
Browse over XX
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Global Plant
Based Excipients Market can be segmented by type, by application, and by
region. Based on type, the Global Plant Based Excipients market can be categorized
into carbohydrates, proteins, polymers, minerals, glycoside & waxes,
esters, and others. Carbohydrates segment dominated the global plant based
excipients market in 2022 and will continue maintaining its dominance through
2028 on account of their widespread use in various drug formulations such as
tablets, capsules, and suspensions to regulate drug release, improve drug
solubility, and enhance the bioavailability of the active ingredient.
Regionally, North America is expected to
witness highest growth in the forecast period on account of the fact that United
States is one of the leading countries in the development of plant based excipients.
The country has a strong research and development infrastructure, which has
helped in the growth of the plant based excipients market. In the United States,
there has been a growing interest in plant based excipients due to the
increasing demand for natural and sustainable ingredients. The FDA has
recognized many plant-based excipients as Generally Recognized as Safe (GRAS)
for use in pharmaceuticals. The use of plant based excipients in cosmetics is
also gaining popularity due to the trend towards natural and organic products.
Major companies operating in the Global Plant
Based Excipients Market are:
- Roquette
Frères SA
- EVONIK
Industries, Inc.
- DFE
Pharma GmbH & Co.KG
- Lonza
Group
- BASF
SE
- Novartis
International AG
- FMC
Corporation
- JRS
Pharma LP
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“Asia Pacific is expected to register the highest growth in the global Plant
Based Excipients Market owing to the growing demand from countries such as
Japan, China, India, among others. Japan has a strong focus on traditional
medicine, which includes the use of plant based excipients. There has been an
increasing interest in the use of plant based excipients in pharmaceuticals in
Japan. Japan is also known for its strict regulations on cosmetics, which has
led to the increasing use of plant based excipients in cosmetics. Similarly, China
has a long history of using traditional plant-based medicine. The use of
plant-based excipients in traditional Chinese medicine has been
well-established. In recent years, there has been an increasing interest in
plant-based excipients for use in modern pharmaceutical products. ” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
Plant Based Excipients Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented
By Type (Carbohydrates, Proteins, Polymers, Minerals, Glycoside & Waxes,
Esters, Others), By Application (Binders & Diluents, Glidants, Lubricants
& Disintegrants, Film Forming & Coating Agents, Plasticizers,
Suspending Agents, Others), By Region and Competition”, has evaluated the future growth potential of Global Plant
Based Excipients Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Plant
Based Excipients Market.
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