The sodium starch glycolate market is experiencing notable trends and developments, influenced by various factors shaping the industry landscape. Here's a detailed overview of the market trends in a paragraph form with pointer format:
Increasing Pharmaceutical Industry Demand: The pharmaceutical sector is a major driver of the sodium starch glycolate market, with a growing demand for excipients in drug formulation. Sodium starch glycolate is widely used as a superdisintegrant in tablets, facilitating rapid disintegration and dissolution, which is crucial for drug efficacy and bioavailability. As the pharmaceutical industry continues to expand globally, especially in emerging markets, the demand for sodium starch glycolate is expected to rise consistently.
Focus on Controlled-Release Formulations: With the rising demand for controlled-release drug formulations to improve patient compliance and therapeutic outcomes, there is a growing need for excipients like sodium starch glycolate that can support such formulations. Manufacturers are investing in research and development to enhance the functionality of sodium starch glycolate, making it suitable for use in sustained and targeted drug delivery systems.
Technological Advancements in Production: Technological advancements in the production of sodium starch glycolate are driving market growth. Innovations in manufacturing processes, such as spray drying and granulation techniques, are improving the quality, purity, and performance characteristics of sodium starch glycolate, meeting the stringent requirements of pharmaceutical applications.
Growing Adoption in Nutraceuticals: Beyond pharmaceuticals, sodium starch glycolate is finding increased adoption in the nutraceutical industry. It is utilized as a disintegrant in the formulation of dietary supplements and functional foods, where rapid disintegration and release of active ingredients are essential for bioavailability and efficacy. The expanding nutraceutical market, driven by growing consumer awareness of health and wellness, is contributing to the demand for sodium starch glycolate.
Regulatory Compliance and Quality Assurance: Compliance with regulatory standards and ensuring product quality and safety are paramount in the sodium starch glycolate market. Manufacturers are focusing on adherence to Good Manufacturing Practices (GMP) and obtaining necessary regulatory approvals to meet the stringent requirements of the pharmaceutical and nutraceutical industries. Quality assurance measures, including rigorous testing and certification, are essential to maintain consumer confidence and market competitiveness.
Market Consolidation and Strategic Alliances: The market for sodium starch glycolate is characterized by a degree of consolidation, with major players dominating the industry landscape. Companies are engaging in strategic alliances, partnerships, and acquisitions to strengthen their market position, expand their product portfolios, and enhance their global presence. Collaborations between manufacturers, distributors, and research institutions are facilitating innovation and market growth.
Focus on Cost-Effective Solutions: Amidst increasing competition and pricing pressures, there is a growing emphasis on cost-effective solutions in the sodium starch glycolate market. Manufacturers are striving to optimize production processes, improve efficiency, and reduce manufacturing costs without compromising product quality. This focus on cost-effectiveness is driving innovation in production technologies and supply chain management practices.
Environmental Sustainability: Environmental sustainability is gaining prominence in the sodium starch glycolate market, with a growing focus on eco-friendly manufacturing processes and sustainable sourcing of raw materials. Manufacturers are exploring greener alternatives and adopting renewable energy sources to reduce their environmental footprint. Additionally, there is a growing demand for bio-based and biodegradable excipients, including sodium starch glycolate, aligning with global sustainability goals.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | New product launches and R&D Amongst major key Players |
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
Global Sodium Starch Glycolate Market share, by the application (%)
Â
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
Intended Audience
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)