The European pharmaceutical excipient market is estimated to grow at a CAGR of 5.3% during the forecast period. The market growth is attributed to the presence of well-established pharmaceutical and biopharmaceutical industries in the region. Significant funding in the biopharmaceutical companies coupled with the presence of major market players such as Meggle AG is another major factor for the significant growth of the market in the region.
The European pharmaceutical excipient market is segmented on the basis of product and formulations. Based on the product, the market is segmented into solubilizers & surfactants/emulsifiers, polyols, carbohydrates, and specialty excipients. Solubilizers & Surfactants/Emulsifiers covered in the report include triglycerides, esters, and others. in addition, polyols include mannitol, sorbitol, and others. Carbohydrates including sucrose, dextrose, starch, and others are estimated to hold a prominent share in the market. Based on formulations, the market is segmented into oral formulations, topical formulations, parenteral formulations, and other formulations. Oral formulations held a remarkable share in the market.
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Geographically, the European market report covers the country-level analysis of the UK, Germany, Italy, Spain, France, and the rest of Europe. Germany holds a significant share and contributing considerably to the market growth with a remarkable growth rate. Moreover, the recent COVID-19 outbreak in the region and across the globe has increased the demand for drugs for the prevention and treatment of the virus. This, in turn, has significantly increased the demand for pharmaceutical excipient and hence drives the market growth.
Moreover, the European pharmaceutical excipients market report covers the analysis of various players operating in the market. Some of the players operating in the market include Merck KGaA, DFE Pharma, BASF SE, Roquette Freres SA, Lubrizol Corp., and others. Owing to increasing competition in the market, the players in the market adopting various strategies such as merger and acquisition and partnership and collaboration that tend to fuel market growth in the near future.
For instance, in September 2017, Roquette Freres SA acquired Itacel from Blanver. Itacel was a major manufacturer of pharmaceutical excipients in Latin America (Brazil). By the acquisition, the company aims to increase its market reach of natural-based pharmaceutical excipients solutions.
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European Pharmaceutical Excipient Market Segmentation
By Product
· Solubilizer & Surfactants/Emulsifier
· Polyols
· Carbohydrates
· Specialty Excipients
By Formulation Type
· Oral Formulation
· Topical Formulation
· Parenteral Formulation
· Other Formulations
Regional Analysis
· Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Company Profiles
· ABITEC Corp.
· Overview
· ABITEC Corp. in Europe
· ABITEC Corp. in Pharmaceutical Excipient Landscape
· Recent Developments
· Archer Daniels Midland Co
· BASF SE
· Clariant AG
· DFE Pharma
· Roquette Freres SA
· Lubrizol Corp.
· Merck KGaA
· Meggle AG
· Sigachi Industries Pvt. Ltd.
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