The global cyclodextrin market is anticipated to grow at a significant CAGR of around 4.9% during the forecast period. The growing use of cyclodextrin in pharmaceutical industry is propelling the market growth. Cyclodextrins are used to improve the aqueous solubility of poorly soluble drugs in pharmaceutical and nutraceutical products. They convert liquid drugs into microcrystalline powder or amorphous powder, which is then used to make tablets. They also reduce the irritation caused by gastrointestinal medications. Because of these factors, cyclodextrin has a high drug compatibility and is primarily used in pharmaceutical formulations. As it is less expensive and more readily available than other cyclodextrins, beta cyclodextrin is widely used in the production of Remdesivir injections as well. For instance, in March 2020, Gilead Sciences, Inc., an american biotech company, discovered and developed Remdesivir (GS-5734), a promising antiviral agent marketed as ‘Veklury’ for the treatment of COVID-19 infection. Overall, the COVID-19 is expected to have a moderate impact on the global cyclodextrin market’s growth.
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The increasing use of cyclodextrin in personal care products such as deodorants and antiperspirants from last few years has contributed significant share in the makret growth. Due to growing concern regarding use of chemical ingredients used in deodorants and antiperspirants, manufactueres are more focused towards using effective ingredients such as cyclodextrins, which in turn, creating huge scope for the market growth.
The global cyclodextrin market is segmented based on the type and application. Based on the type, the market is sub-segmented into alpha- cyclodextrins, beta- cyclodextrins and gamma- cyclodextrins. Among these, beta-cyclodextrins segment is likely to show notable growth in the market during the forecast period. The growing demad for beta-cycodextrins in food industry as food additives to enhance the quality of the product is driving the market growth. Based on the application, the market is sub-segmented into the food and beverages, pharmaceuticals, cosmetics and personal care and others.
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Global Cyclodextrins Market Segmentation
By Type
- Alpha – Cyclodextrins
- Beta – Cyclodextrins
- Gama – Cyclodextrins
By Application
- Food and Beverages
- Pharmaceutical
- Cosmetics and Personal Care
- Others (Agricultural, Chemical, Environmental )
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Ashland Global Holdings Inc.
- Akhil Healthcare Pvt. Ltd.
- Cayman Chemical Co.
- CaptisolPharmaceuticals, Inc.
- Central Drug House (P) Ltd.
- Fengchen Group Co. Ltd.
- Gangwal Chemicals Pvt. Ltd.
- Geno Pharmaceuticals Pvt. Ltd.
- Junuv Chemicals & Pharmaceuticals
- Nihon ShokuhinKako Co. Ltd.
- Otto Chemie Pvt. Ltd.
- Salvavidas Pharmaceuticals Pvt. Ltd.
- Shandong BinzhouZhiyuan Biotechnology Co. Ltd.
- Zhonglan Industry Co. Ltd.
- Zibo Qianhui Biological Technology Co. Ltd.
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