Pharmaceutical Excipients Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Pharmaceutical Excipients Market Share and it is Segmented by Product Type (Inorganic Chemicals, Organic Chemicals, and Other Products), Functionality (Fillers and Diluents, Binders, Suspension, and Viscosity Agents, Coatings, Flavoring Agents, Disintegrants, Colorants, Preservatives, and Other Functionalities), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Pharmaceutical Excipients Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Pharmaceutical Excipients Market Size

Pharmaceutical Excipients Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 10.73 Billion
Market Size (2030) USD 15.71 Billion
CAGR (2025 - 2030) 7.93 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Pharmaceutical Excipients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Pharmaceutical Excipients Market with other markets in Healthcare Industry

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Pharmaceutical Excipients Market Analysis

The Pharmaceutical Excipients Market size is estimated at USD 10.73 billion in 2025, and is expected to reach USD 15.71 billion by 2030, at a CAGR of 7.93% during the forecast period (2025-2030).

The COVID-19 pandemic had a significant impact on the pharmaceutical industry. Initially, pharmaceutical excipient companies faced substantial challenges, such as a low supply of medical items and a strict lockdown imposed by the government worldwide that impacted the global supply chain of raw materials from manufacturing hubs such as India and China.

However, the increased focus on developing therapeutics for COVID-19 significantly impacted the market growth. For instance, in February 2021, Evonik signed a strategic partnership with BioNTech on the COVID-19 vaccine. Evonik also planned to invest in the short-term expansion of its specialty lipid production, an excipient essentially required to develop mRNA-based COVID-19 vaccines. Thus, Evonik made an important contribution to the Pfizer BioNTech COVID-19 vaccine by supplying lipid excipients to speed up the COVID-19 vaccine development process. The COVID-19 pandemic initially had a positive impact on the market; however, as the pandemic has subsided, the market has lost some traction, and thus the market is expected to grow steadily during the forecast period.

The major factors responsible for the growth of the pharmaceutical excipients market include the increasing demand for functional excipients, recent patent expiries driving the need for pharmaceutical excipients, and rapid advancements in nanotechnology.

The growing pharmaceutical industry and increasing pharmaceutical production also propel the market's growth. For instance, according to the European Federation of Pharmaceutical Industries and Associations, 2022 report, the production of pharmaceuticals in the European region increased by 4.6% to EUR 300,000 million in 2021. Thus, such an increase in production value corresponds to an increase in the volume of production of pharmaceuticals, in turn boosting the demand for pharmaceutical excipients.

Furthermore, the expansion of facilities by the market players to develop high-performance ingredients is also expected to propel the market's growth. For instance, in July 2021, Croda International Plc opened a new high-purity excipients facility in Mill Hall, London. The investment led to Croda's commitment to developing innovative pharmaceutical excipients for use in smart science. Moreover, the increase in the launch of new products also contributes to the market's growth. For instance, in July 2021, DFE Pharma launched a new addition to its broad excipient portfolio, Pharmacel sMCC 90. It is silicified microcrystalline cellulose (MCC).

Thus, the market is expected to project growth over the forecast period due to the abovementioned factors. However, the lack of a proper approval process, adverse reactions of excipients, and contamination in formulations may hinder the market's growth.

Pharmaceutical Excipients Industry Overview

The pharmaceutical excipients market is fragmented in nature. Also, the key market players are involved in various strategic activities such as product launches, collaborations, and agreements to increase their presence and product availability across the globe. Some of the market players are BASF SE, Croda International PLC, DuPont, Evonik Industries AG, Innophos, Kerry, Roquette Frères, and others.

Pharmaceutical Excipients Market Leaders

  1. Lubrizol Corporation

  2. Archer Daniels Midland Company

  3. DuPont

  4. BASF

  5. Evonik Industries AG (RAG-Stiftung)

  6. *Disclaimer: Major Players sorted in no particular order
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Pharmaceutical Excipients Market News

  • October 2023: Clariant, a sustainability-focused specialty chemicals company, launched its portfolio of high-performing pharmaceutical ingredient solutions to support the evolution of safe and effective medicines. Also, Clariant Health Care expanded its range of functional excipients to solve active pharmaceutical ingredient (API) delivery & bioavailability challenges.
  • September 2023: Roquette, a company focused on plant-based ingredients and a provider of pharmaceutical and nutraceutical excipients, launched three new excipient grades to its portfolio of solutions for moisture-sensitive active pharmaceutical and nutraceutical ingredients.

Pharmaceutical Excipients Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Demand for Functionality Excipients
    • 4.2.2 Recent Patents Expiries Driving the Demand for Pharmaceutical Excipients
    • 4.2.3 Rapid Advancements in Nanotechnology
  • 4.3 Market Restraints
    • 4.3.1 Lack of Proper Approval Process
    • 4.3.2 Adverse Reactions of Excipients and Contamination in Formulations
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD)

  • 5.1 By Product
    • 5.1.1 Inorganic Chemicals
    • 5.1.2 Organic Chemicals
  • 5.2 By Functionality
    • 5.2.1 Fillers and Diluents
    • 5.2.2 Binders
    • 5.2.3 Suspension and Viscosity Agents
    • 5.2.4 Coatings
    • 5.2.5 Flavoring Agents
    • 5.2.6 Disintegrants
    • 5.2.7 Colorants
    • 5.2.8 Preservatives
    • 5.2.9 Other Functionalities
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 South Korea
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Air Liquide group
    • 6.1.2 Archer Daniels Midland Company
    • 6.1.3 Ashland
    • 6.1.4 Associated British Foods PLC
    • 6.1.5 BASF SE
    • 6.1.6 Croda International PLC
    • 6.1.7 DuPont
    • 6.1.8 Evonik Industries AG (RAG-Stiftung)
    • 6.1.9 Innophos
    • 6.1.10 Kerry
    • 6.1.11 Roquette Frères
    • 6.1.12 The Lubrizol Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Pharmaceutical Excipients Industry Segmentation

As per the scope of the report, pharmaceutical excipients are the pharmacologically inactive substances in the formulation that aid in manufacturing the finished pharmaceutical product. They also help transport the active pharmaceutical substance to the site of action in the body. The pharmaceutical excipients market is segmented by product (inorganic chemicals and organic chemicals), functionality (fillers and diluents, binders, suspension, and viscosity agents, coatings, flavoring agents, disintegrants, colorants, preservatives, and other functionalities), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.

By Product Inorganic Chemicals
Organic Chemicals
By Functionality Fillers and Diluents
Binders
Suspension and Viscosity Agents
Coatings
Flavoring Agents
Disintegrants
Colorants
Preservatives
Other Functionalities
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
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Pharmaceutical Excipients Market Research FAQs

How big is the Pharmaceutical Excipients Market?

The Pharmaceutical Excipients Market size is expected to reach USD 10.73 billion in 2025 and grow at a CAGR of 7.93% to reach USD 15.71 billion by 2030.

What is the current Pharmaceutical Excipients Market size?

In 2025, the Pharmaceutical Excipients Market size is expected to reach USD 10.73 billion.

Who are the key players in Pharmaceutical Excipients Market?

Lubrizol Corporation, Archer Daniels Midland Company, DuPont, BASF and Evonik Industries AG (RAG-Stiftung) are the major companies operating in the Pharmaceutical Excipients Market.

Which is the fastest growing region in Pharmaceutical Excipients Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Pharmaceutical Excipients Market?

In 2025, the North America accounts for the largest market share in Pharmaceutical Excipients Market.

What years does this Pharmaceutical Excipients Market cover, and what was the market size in 2024?

In 2024, the Pharmaceutical Excipients Market size was estimated at USD 9.88 billion. The report covers the Pharmaceutical Excipients Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Pharmaceutical Excipients Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Pharmaceutical Excipient Industry Report

The global pharmaceutical excipients market is experiencing a robust growth trajectory, anticipated to expand significantly in the coming years. This surge is attributed to the escalating demand for generic drugs, alongside an increase in chronic disease cases worldwide, necessitating advanced medical interventions. Innovations within the sector, notably the development of multifunctional and novel excipients, are enhancing drug formulation efficiency and functionality, thus driving market progression. However, high development costs and stringent regulatory landscapes present challenges to market expansion. Despite these hurdles, the market sees promising opportunities in the elevation of functional excipients and the growing inclination towards organic and inorganic chemical-based excipients for diverse pharmaceutical applications. With oral formulations dominating demand and North America leading the market share, the pharmaceutical excipients sector is poised for significant advancements, bolstered by increasing research and strategic initiatives by key market players to cater to the evolving pharmaceutical landscape. For detailed insights, Mordor Intelligence™ Industry Reports provide comprehensive analysis, including market share, size, revenue growth rate, and a forecast outlook, available as a free report PDF download.