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Sodium Starch Glycolate Market is projected to be worth USD 150.4 million by 2030, registering a CAGR of 2.98% during the forecast period (2022 - 2030).
Pharmaceutical Industry Demand:
The pharmaceutical industry is a primary driver of the Sodium Starch Glycolate market. SSG is widely used as a disintegrant in pharmaceutical formulations, aiding in the rapid disintegration and dissolution of tablets and capsules. With the increasing demand for pharmaceutical products globally, driven by factors such as population growth, rising healthcare expenditures, and prevalence of chronic diseases, the demand for SSG as a key ingredient in drug formulations continues to grow.
Growth in Generic Drug Manufacturing:
The growth of generic drug manufacturing is a significant factor influencing the Sodium Starch Glycolate market. Generic pharmaceutical companies rely on cost-effective excipients like SSG to produce affordable alternatives to brand-name drugs. As governments and healthcare systems worldwide strive to reduce healthcare costs and increase access to essential medications, the demand for generic drugs is on the rise, driving the demand for SSG.
Expansion of the Food and Beverage Industry:
The food and beverage industry is another key consumer of Sodium Starch Glycolate. SSG is used as a stabilizer and thickening agent in various food and beverage products, including sauces, soups, dressings, and bakery items. With the growing global population and changing consumer preferences, the demand for convenience foods and processed foods is increasing, fueling the demand for SSG as a functional ingredient in food formulations.
Technological Advancements in Manufacturing Processes:
Technological advancements in the manufacturing processes of Sodium Starch Glycolate are influencing the market dynamics. Continuous improvements in production techniques and equipment have enhanced the efficiency and scalability of SSG manufacturing, leading to increased production capacities and cost optimization. These advancements enable manufacturers to meet the growing demand for SSG and maintain competitiveness in the market.
Regulatory Environment and Compliance Standards:
The regulatory environment and compliance standards play a crucial role in shaping the Sodium Starch Glycolate market. Regulatory bodies impose strict quality and safety standards on pharmaceutical and food-grade ingredients, including SSG, to ensure product efficacy and consumer safety. Compliance with these regulations is essential for manufacturers to gain market approval and maintain customer trust, driving investments in quality assurance and regulatory compliance measures.
Market Consolidation and Mergers & Acquisitions:
Market consolidation and mergers & acquisitions (M&A) activities impact the Sodium Starch Glycolate market landscape. M&A transactions among key players in the industry influence market competitiveness, production capacities, and distribution networks. Strategic alliances and acquisitions enable companies to expand their market presence, diversify product portfolios, and gain a competitive edge in the global SSG market.
Emerging Applications in Other Industries:
Sodium Starch Glycolate is finding emerging applications in industries beyond pharmaceuticals and food. It is being explored for use in personal care products, cosmetics, and industrial applications due to its excellent water absorption and disintegration properties. As manufacturers innovate and develop new formulations leveraging SSG's unique characteristics, the market scope expands into diverse industrial sectors.
Supply Chain Disruptions and Raw Material Availability:
Supply chain disruptions and raw material availability issues can impact the Sodium Starch Glycolate market. The sourcing of raw materials, such as starch derivatives, for SSG production is susceptible to fluctuations in agricultural output, weather conditions, and geopolitical factors. Disruptions in the supply chain can lead to price volatility and affect the availability of SSG, influencing market dynamics and customer relationships.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 2.98% 2030 |
Sodium Starch Glycolate Market Highlights:
Sodium Starch Glycolate Market Overview Sodium Starch Glycolate Market is projected to be worth USD 150.4 million by 2030, registering a CAGR of 2.98% during the forecast period (2022 - 2030). Sodium Starch Glycolate (SSG) Market is expected to develop at a significant rate. Carboxymethylating starch from diverse sources, such as potato, corn, rice, and wheat, yields sodium starch glycolate (SSG). Because of its capacity to absorb water quickly, it is commonly employed as a disintegrant in the formulation of tablets and capsules. Sodium starch glycolate is made mostly from potato and corn starch. It is used in wallpaper adhesives and food goods such as snacks, meat products, and juices as a thickening and stabilizer. Due to the high number of car manufacturers, the comeback of the automobile industry is predicted to increase demand for adhesives. Because of its cost-effectiveness, the use of sodium carboxymethyl starch in sodium carboxymethylcellulose has increased. Because of changing lifestyles and an aging population, the number of noncommunicable diseases such as cardiovascular, high blood pressure, and chronic respiratory diseases is expected to rise. Because of expanding health awareness and longer life expectancies among customers around the world, its use in the pharmaceutical sector is increasing. The pharmaceutical business is seeing an increase in demand for the product as chronic diseases become more prevalent as a result of changing lifestyles and stressful work schedules.
Regional Analysis
The global sodium starch glycolate market is divided across five regions namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America emerged as the leading regional market due to the presence of various drug manufacturers and biotechnological pharma companies in the U.S. Rising chronic diseases due to changing lifestyle and hectic work schedule are driving the demand for the product in the pharmaceutical industry. Additionally, according to Pharmaceutical Research and Manufacturers Association, U.S. based companies’ accounts for half the world’s research and development in pharmaceuticals, which is likely to propel the market growth. The revival of the automotive industry in this region is expected to fuel the demand for adhesives due to the prevalence of large no of the automotive manufacturers.
Europe is another substantial region in this market due to the extensive research and development activities in the region. For instance, the healthcare spending in Germany exceeded USD 400 billion of which 14% accounted for pharmaceutical products.
The Asia Pacific region is largely driven by the rapid growth of the Indian pharmaceutical industry. According to the Indian Brand Equity Foundation, Indian pharmaceutical market is expected to be valued at at USD 100 billion by 2025. Growing per capita income and rising health awareness among the consumers is projected to fuel the product demand in the healthcare industry.
Key Players
-
DFE Pharma (Germany) - Roquette (French)
- Shree Chemicals (India)
- Prachin Chemical (India)
- NB Entrepreneurs (India)
- Spectrum Chemical Manufacturing Corp. (U.S.)
-
H.P. Chemicals (India) - Remedy labs (India)
- JRS PHARMA (Germany)
- Muby Chemicals (India).
Global Sodium Starch Glycolate Market share, by the application (%)
 
Market Segmentation
The global sodium starch glycolate market is segmented into product, applications, and region.
On the basis of the product, the market is divided into the potato, corn, wheat, and others.
Based on the application, the global sodium starch glycolate market is segmented into pharmaceuticals, food ingredients, adhesives, textile, and others.
Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.Use of sodium carboxymethyl starch in sodium carboxymethylcellulose has augmented due to cost-effectiveness. Increasing number of non-communicable diseases such as cardiovascular, high blood pressure, and chronic respiratory diseases due to changing habits and aging population is likely to increase the product demand. Its usage is growing in pharmaceutical industry due to rising health awareness and longer life expectancies among consumers across the globe. For instance, Primojel, an SSG manufactured by DEF pharma is widely used for making tablets and capsules. Presence of huge biotechnological pharma companies in the U.S. is likely to fuel the demand for the product. Surging demand for adhesives from automotive and packaging industry is driving the market growth in the North America, Europe, and Asia Pacific region. It is also used as an additive in glues for plywood. Growing use of paper bags due to durability and eco-friendliness is fueling the demand for adhesives.  It is also used in cosmetics and beauty products due to its properties such as longevity in moisturization and smoothness. Recently, Roquette Co. announced the launch of new SSG product under brand “Beauty by Roquette” to be used in the cosmetics industry. It has also introduced modified starches, which are used in adhesives. Increasing consumer spending on eatables is expected to drive the growth of the market globally. Tablets made using wheat-based sodium starch glycolate may cause an adverse effect on the consumers due to the presence of gluten in the tablets.Recent Development
DEF pharma's Primojel, an SSG, is commonly utilized in the production of tablets and capsules. The presence of large biotech and pharmaceutical companies in the United States is anticipated to boost demand for the product. The Sodium Starch Glycolate Market is growing due to increased demand for adhesives from the automotive and packaging industries. Roquette Co. announced the development of a new SSG product for the cosmetics sector under the brand Beauty by Roquette. Modified starches, which are utilized in adhesives, have also been introduced. Globally, rising consumer expenditure on food is likely to propel the Sodium Starch Glycolate Market forward.
Intended Audience
- Sodium starch glycolate Manufacturers
- Traders and distributors of sodium starch glycolate
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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