How Big Is the Excipient Market | Key Drivers in Pharma Formulations 2025

Q: What is the estimated value of the excipients market?

The excipient market is anticipated to surpass USD 14.6 billion by 2031 due to rising formulation innovation.

Q: Why are multifunctional excipients gaining traction in the market?

They simplify formulations, reduce production costs, and enhance drug stability and bioavailability—making them highly attractive to manufacturers.

Q: How is the excipients market evolving with the rise of biologics?

Biologics are fueling demand for advanced excipients that ensure stability, solubility, and effective delivery of sensitive large-molecule drugs.

Q: Who are the key players in the pharmaceutical excipients market?

Major companies include BASF, DuPont, Evonik Industries, Roquette, and Ashland, leading through innovation and global supply networks.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6701

Publication Date: Jul 2025

How Big Is the Excipient Market?

According to 6Wresearch internal database and industry insights, the excipient market was valued at USD 9.1 billion in 2024 and is expected to reach over USD 14.6 billion by 2031, growing at a CAGR of 7.2%.

Market expansion is being supported by advancements in pharmaceutical formulations and demand for controlled drug delivery systems.

Growth Factors of the Excipient Market

Expansion of pharmaceutical production in various economies all around the world
Development of advanced drug delivery formulation methods and sustained release systems.
Increase in the use of functional excipients in biologics and injectables
Growth of over-the-counter and paediatric formulations
Rising investments in nutraceuticals and dietary supplements.
Improved regulatory guidance on excipient safety and approval.

Excipient Market Trends

The excipient market is moving toward multifunctional excipients to assist with solubility, stability, and bioavailability of drugs. Plant-based excipients and non-allergenic excipients are also growing due to patient concerns and demand from stakeholders for safer and cleaner formulations.

Emerging Developments in the Excipients Market

In the excipient market, Companies are now developing excipients that are designed specifically for mRNA and biologics platforms. The excipients for 3-D printing of dosage forms and nanotechnology-based excipients are being developed to improve precision and customization of drugs.