Global Market Study on Pharmaceutical Excipients for Taste Masking: Popularity of Coating Technique Complementing Market Progress


Pharmaceutical Excipients For Taste Masking  Market
  • Published On : Sep-2020 |
  • Pages : 175 Pages |
  • Format : Pharmaceutical Excipients For Taste Masking  Market Pharmaceutical Excipients For Taste Masking  Market Pharmaceutical Excipients For Taste Masking  Market Pharmaceutical Excipients For Taste Masking  Market

Taste-masking techniques are used to overcome the unpleasant or bitter taste of active pharmaceutical ingredients and drugs. Oral dosing of paediatric patient groups and geriatric population is challengeable. Taste masking and formulation technology go hand in hand, and both should be mutually compatible. Taste masking is often used for drugs such as antibiotics, anti-inflammatory, and analgesics. Trends have changed regarding pharmaceutical excipients for taste masking techniques over the decades. Adding sweeteners was common in the early ‘90s. However, taste masking of water-soluble drugs that are given in high dosages is tough to achieve by using sweeteners alone. Later coating as a taste masking technique grew in popularity, with a large number of patents issued for the coating technique in the pharmaceutical excipients for taste masking. Use of granulation has shown a rise over the past few years. Such advances in technology are set to boost the expansion of the pharmaceutical excipients for taste masking market size over the years to come.

Pharmaceutical Excipients for Taste Masking Market Trends

Demand for Patient Compliant Drugs Favoring Market Growth: The flavour of any substance is recognized by its taste and odour. Any substance that is bitter in taste is difficult to be accepted by a larger population. Use of taste masking agents has therefore become a pre-requisite for common bitter drugs to be taken orally by patients such as old people and children. Unless the drugs are tasteless or unpleasant to taste, pharmaceutical excipients for taste masking play a key role in the final dosage of oral drugs. Pharmaceutical excipients for taste masking helps provide a palatable taste to various final drug formulations, potentially eliminating drug taste-induced nausea. Use of various pharmaceutical excipients for taste masking, ranging from artificial to natural, has provided feasibility for manufacturers in terms of cost, availability, accessibility, etc., thereby allowing them to progress in the pharmaceutical excipients for taste masking market space.

Growing Chronic & Lifestyle Disorders Driving Demand: The prevalence of chronic and lifestyle diseases is constantly on the rise across the world. The rise of chronic diseases is a major health burden to society. Major chronic diseases include diabetes, cardiovascular diseases, cancer, obesity, osteoporosis, and pulmonary diseases. As the Centers for Disease Control states, the leading cause of death in 2017 in the U.S. was heart disease, followed by cancer. Lifestyle habits such as eating of unhealthy food, not exercising, smoking, etc., further boost the demand for drugs, which eventually expands the pharmaceutical excipients for taste masking market.

Regional Outlook of Pharmaceutical Excipients for Taste Masking Market

Europe remains the most lucrative region with 1/3 pharmaceutical excipients for taste masking market share in 2019, and a similar trend is expected to continue during the forecast period of 2020 to 2030. The main reason for Europe leading this space is higher API manufacturing in the region and comparatively higher cost API processing. Active research & development activities along with increase in demand for oral drugs have made Europe the most lucrative region in the global pharmaceutical excipients for taste masking market.

COVID-19 Impact on Pharmaceutical Excipients for Taste Masking Market

The COVID19 pandemic has affected the overall production operations of pharmaceutical companies, leading to decreased production, temporary shutting down of various small- and medium-size facilities in countries such as China, India, the U.S. and Italy, who are the main manufacturers of pharmaceutical excipients for taste masking products. Resumption of normal operations in China, the largest provider of APIs and pharmaceutical excipients for taste masking, and opening of various economies, has helped resume import and export operations. Resumed import and export operations amid the pandemic have helped leading pharmaceutical manufacturers cope with the shortages of various key ingredients for pharmaceutical drug manufacturing, including pharmaceutical excipients for taste masking.

Competitive Landscape of Pharmaceutical Excipients for Taste Masking Market

The pharmaceutical excipients for taste masking market is characterized as a consolidated market space, with key players spread across the globe such as Adare Pharmaceutical Inc., SPI Pharma, Inc., Roquette Frères, GPT Pharmaceuticals Pvt. Ltd, Rochem International, Inc., and others. Manufacturers are actively involved in portfolio expansion and collaboration with various companies to gain a larger market share in the pharmaceutical excipients for taste masking market.

Analysts’ Viewpoint

Increasing technological advancements in the large-scale manufacturing of pharmaceutical excipients for taste masking with increasing demand for patient compliant medicines are expected to fuel the growth of the pharmaceutical excipients for taste masking market during the forecast period. Besides, increasing geriatric population and rise in age-related chronic diseases are also expected to drive the progress of the global pharmaceutical excipients for taste masking market growth through 2030.

Pharmaceutical Excipients for Taste Masking Market - Scope of the Report

Persistence Market Research (PMR) recently published a market study on the global pharmaceutical excipients for taste masking market. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities, restraints, and detailed information about the pharmaceutical excipients for taste masking market structure. The market study presents exclusive information about how the pharmaceutical excipients for taste masking market will grow during the forecast period (2020-2030).

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market and compound annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. Other information includes definition, driver, and opportunity analysis by region and by masking agent, which helps in deep understanding of the market segment details by researchers, suppliers, manufactures, and distributors. This information can help readers understand the quantitative growth prospects of the pharmaceutical excipients for taste masking market during forecast period.

The study is relevant for manufacturers, physicians, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Business researchers, shareholders, and industry experts can leverage the information and data presented in PMR’s study.

The study also includes statistics as well as facts related to the macroeconomic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the pharmaceutical excipients for taste masking market. Furthermore, small businesses and new entrants in the pharmaceutical excipients for taste masking market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

PMR’s study on the pharmaceutical excipients for taste masking market offers information divided into five important segments—masking agent, technique, usage, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Key Segments of Pharmaceutical Excipients for Taste Masking Market

Masking Agent

Technique

Usage

End User

Region

  • Natural
  • Artificial
  • Nutritive
  • Non- nutritive
  • Polyols
  • Others
  • Hot Melt Extrusion
  • Microencapsulation
  • Coating
  • Organoleptic Methods
  • Others
  • Solid Dosage Forms
    • Tablets
    • Granules
    • Capsules
  • Liquid Dosage Forms
  • Pharmaceuticals
  • Nutraceuticals
  • Contract Manufacturing Organizations
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Questions Answered in PMR’s Pharmaceutical Excipients for Taste Masking Market Report

  • Which regions will continue to remain the most profitable regional markets for pharmaceutical excipients for taste masking market players?
  • Which factors will induce a change in the demand for pharmaceutical excipients for taste masking during the assessment period?
  • What are the different opportunities available for emerging players in the pharmaceutical excipients for taste masking market?
  • How are supply-side and demand-side drivers impacting the pharmaceutical excipients for taste masking market?
  • How will changing trends impact the pharmaceutical excipients for taste masking market?
  • How can market players capture the low-hanging opportunities in the pharmaceutical excipients for taste masking market in developed regions?
  • Which companies are leading the pharmaceutical excipients for taste masking market?
  • What are the winning strategies of stakeholders in the pharmaceutical excipients for taste masking market to upscale their position in this landscape?

Pharmaceutical Excipients for Taste Masking Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the pharmaceutical excipients for taste masking market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the pharmaceutical excipients for taste masking market study include statistics from government healthcare organizations, medicines journals, research journals, press release, annual reports, white papers, directories, and databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from market players, and makes PMR’s projections on the growth prospects of the pharmaceutical excipients for taste masking market more accurate and reliable.

Companies covered in Pharmaceutical Excipients For Taste Masking Market Report

  • Adare Pharmaceutical Inc.
  • Asahi Kasei Corporation
  • Gattefossé
  • SPI Pharma, Inc
  • Roquette Frères
  • GPT Pharmaceuticals Pvt. Ltd
  • DuPont de Nemours, Inc.
  • Rochem International, Inc
  • Dow Pharma Solutions

Pharmaceutical Excipients For Taste Masking Market

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