Global Pharmaceutical Excipient Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Organic Chemicals, Oleochemicals- [Fatty Alcohols, Mineral Stearates,Glycerin, Other Oleochemicals], Carbohydrates- [Sugars - [Actual Sugars, Sugar Alcohols, Artificial Sweeteners], Cellulose- [Microcrystalline Cellulose, Cellulose Ethers, Carboxymethyl Cellulose (CMC), and Croscarmellose Sodium], Starch- [Modified Starch, Dried Starch, Converted Starch], Petrochemicals- [Glycols, Povidones, Mineral Hydrocarbons, Acrylic Polymers, Other Petrochemical Excipients Proteins], Other Organic Chemicals, Artificial, Calcium Phosphate, Metal Oxides, Halites, Calcium Carbonate, Calcium Sulphate, Other Artificial Chemicals, and Other]

By Technique;

Fillers & Diluents, Suspending & Viscosity, Coating, Binders, Flavoring & Sweeteners, Disintegrants, Colorants, Lubricants & Glidants, Preservatives, Emulsifying

By Formulation;

; Oral Formulations, Tablets, Capsules- Hard-gelatin Capsules, Soft-gelatin Capsules Liquid Formulations, Other Oral Formulations, Topical Formulations, Parenteral Formulations, Other Formulations

By Application;

Taste Masking, Stabilizers, Modified-Release, Solubility & Bioavailability Enhancement, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn764348420 Published Date: May, 2025 Updated Date: June, 2025

Pharmaceutical Excipient Market Overview

Pharmaceutical Excipient Market (USD Million)

Pharmaceutical Excipient Market was valued at USD 8,685.59 million in the year 2024. The size of this market is expected to increase to USD 13,675.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.


Global Pharmaceutical Excipient Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.7 %
Market Size (2024)USD 8,685.59 Million
Market Size (2031)USD 13,675.72 Million
Market ConcentrationMedium
Report Pages387
8,685.59
2024
13,675.72
2031

Major Players

  • Ashland Global Holdings
  • Croda International
  • BASF SE
  • Lubrizol Corporation
  • Evonik Industries AG
  • Associated British Foods
  • Roquette Feres
  • Archer Daniels Midland Company
  • DuPont
  • Avantor Performance Materials, Inc.
  • The Dow Chemical Company
  • FMC Corporation
  • Evonik Industries
  • Lubrizol Corporation
  • Roquette
  • Colorcon, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Pharmaceutical Excipient Market

Fragmented - Highly competitive market without dominant players


The Pharmaceutical Excipient Market is expanding rapidly due to the growing need for enhanced drug formulations and improved drug bioavailability. Pharmaceutical excipients now comprise over 40% of total pharmaceutical formulations by volume. This growth is fueled by increasing demand for innovative delivery systems and the adoption of functional excipients that support the efficacy and stability of modern drugs.

Drivers of Market Growth
A significant rise in chronic disease cases is accelerating the demand for advanced drug formulations. More than 55% of pharmaceutical products utilize modified-release mechanisms, highlighting the essential role of excipients. In addition, advancements in excipient technology have reduced formulation development time by nearly 30%, enabling quicker drug launch timelines and enhanced therapeutic performance.

Technological Advancements
Emerging technologies such as nano-enabled excipients and solubility enhancers are transforming the industry. Over 35% of new drugs now rely on these excipients for effective absorption and delivery. Furthermore, the rise of co-processed excipients is improving production efficiency by combining multiple functionalities into a single ingredient, leading to better product consistency and reduced processing time.

Regulatory and Safety Considerations
As regulatory demands become stricter, over 60% of excipient suppliers are ensuring compliance with enhanced quality and safety norms. The market is increasingly leaning toward regulatory-aligned sourcing strategies, especially for high-risk drug categories. The use of pharmacopoeia-grade excipients is rising, particularly in parenteral and biologic formulations that require high levels of safety and purity.

Innovation and Industry Outlook
Innovative R&D initiatives now focus heavily on solubility and permeability enhancement, with more than 50% of efforts directed toward novel excipient design. This supports the development of patient-centric drugs like orally disintegrating tablets and extended-release formulations. As pharmaceutical companies prioritize tailored and efficient formulations, the need for customized excipient solutions is expected to see strong and sustained growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technique
    3. Market Snapshot, By Formulation
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Pharmaceutical Excipient Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for generic drugs and biologics
        2. Increasing prevalence of chronic diseases and an aging population
        3. Advancements in personalized medicine and biopharmaceuticals
        4. Rising demand for targeted drug delivery and controlled-release formulations
        5. Technological innovations in excipient development (e.g., nanotechnology, 3D printing)
      2. Restraints
        1. Stringent regulatory requirements and quality control standards
        2. High cost of specialized excipients and development processes
        3. Limited availability of excipients with specific properties for novel drug formulations
        4. Risk of incompatibility between excipients and active pharmaceutical ingredients (APIs)
        5. Increasing concerns over the safety and toxicity of certain excipients
      3. Opportunities
        1. Growing focus on patient-centric drug formulations and convenience
        2. Expanding use of excipients in biologic and biosimilar drug development
        3. Potential for innovation in excipients for novel drug delivery systems
        4. Emerging markets offering untapped growth potential
        5. Increasing collaborations between pharmaceutical companies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Pharmaceutical Excipient Market, By Type, 2021 - 2031 (USD Million)
      1. Organic Chemicals
      2. Oleochemicals
        1. Fatty Alcohols
        2. Mineral Stearates
        3. Glycerin
        4. Other Oleochemicals
      3. Carbohydrates
        1. Sugars
          1. Actual Sugars
          2. Sugar Alcohols
          3. Artificial Sweeteners
        2. Cellulose
          1. Microcrystalline cellulose
          2. Cellulose ethers
          3. Carboxymethyl cellulose (CMC) and croscarmellose sodium
          4. Cellulose esters
        3. Starch
          1. Modified Starch
          2. Dried Starch
          3. Converted Starch
      4. Petrochemicals
        1. Glycols
        2. Povidones
        3. Mineral Hydrocarbons
        4. Acrylic Polymers
        5. Other Petrochemical Excipients
      5. Proteins
      6. Other Organic Chemicals
      7. Artificial
      8. Calcium Phosphate
      9. Metal Oxides
      10. Halites
      11. Calcium Carbonate
      12. Calcium Sulphate
      13. Other Artificial Chemicals
      14. Others
    2. Pharmaceutical Excipient Market, By Technique, 2021 - 2031 (USD Million)
      1. Fillers & Diluents
      2. Suspending & Viscosity
      3. Coating
      4. Binders
      5. Flavoring & Sweeteners
      6. Disintegrants
      7. Colorants
      8. Lubricants & Glidants
      9. Preservatives
      10. Emulsifying
    3. Pharmaceutical Excipient Market, By Formulation, 2021 - 2031 (USD Million)
      1. Oral Formulations
      2. Tablets
      3. Capsules
        1. Hard-gelatin Capsules
        2. Soft-gelatin Capsules
      4. Liquid Formulations
      5. Other Oral Formulations
      6. Topical Formulations
      7. Parenteral Formulations
      8. Other Formulations
    4. Pharmaceutical Excipient Market, By Application, 2021 - 2031 (USD Million)
      1. Taste Masking
      2. Stabilizers
      3. Modified-Release
      4. Solubility & Bioavailability Enhancement
      5. Others
    5. Pharmaceutical Excipient Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ashland Global Holdings
      2. Croda International
      3. BASF SE
      4. Lubrizol Corporation
      5. Evonik Industries AG
      6. Associated British Foods
      7. Roquette Feres
      8. Archer Daniels Midland Company
      9. DuPont
      10. Avantor Performance Materials, Inc.
      11. The Dow Chemical Company
      12. FMC Corporation
      13. Evonik Industries
      14. Lubrizol Corporation
      15. Roquette
      16. Colorcon, Inc.
  7. Analyst Views
  8. Future Outlook of the Market