The "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, By Region and Competition" report has been added to ResearchAndMarkets.com's offering.
The global plant-based excipients market is projected to experience significant growth during the forecast period due to the rising demand for natural and sustainable products across various industries, including pharmaceuticals.
Plant-based excipients offer a more eco-friendly and sustainable alternative to traditional excipients derived from non-renewable sources like petroleum. This shift is driven by consumer and government focus on sustainability, leading to new opportunities for the global plant-based excipients market.
- Growing Demand for Sustainable Products: Consumers are increasingly concerned about the environmental impact of products and are seeking sustainable alternatives. This trend is expected to drive the demand for plant-based excipients.
- Safer and More Natural Ingredients: Plant-based excipients derived from sources such as algae, starches, cellulose, gums, and proteins are considered safer and less likely to cause adverse reactions in patients compared to synthetic excipients.
- Regulatory Support: Favorable regulations and policies, such as FDA's GRAS list and European Pharmacopoeia standards, encourage the use of plant-based excipients in pharmaceuticals.
- Research and Development: Increased research in plant-based excipients has led to innovations in their properties and applications, further promoting their adoption.
Trends and Opportunities:
- Combining Natural Ingredients: There is a trend towards combining plant-based excipients with other natural ingredients, enhancing the quality and sustainability of pharmaceutical products.
- Supportive Regulations: Regulations like FDA's GRAS list and European Pharmacopoeia standards support the use of plant-based excipients in pharmaceutical formulations.
- Increasing Research: Ongoing research focuses on developing plant-based excipients like alginate and cellulose to enhance drug solubility, stability, and bioavailability.
- Roquette Freres SA
- EVONIK Industries, Inc.
- DFE Pharma GmbH & Co.KG
- Lonza Group
- BASF SE
- Novartis International AG
- FMC Corporation
- JRS Pharma LP
The report covers various segments of the global plant-based excipients market, including types (carbohydrates, proteins, polymers, minerals, glycoside & waxes, esters, others), applications (binders & diluents, glidants, lubricants & disintegrants, film-forming & coating agents, plasticizers, suspending agents, others), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).
In conclusion, the global plant-based excipients market is driven by the demand for sustainable and eco-friendly products, leading to increased use of plant-based excipients in pharmaceuticals. Supportive regulations, research activities, and the trend of combining natural ingredients are further propelling the growth of this market.
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