Global Cyclodextrin Market Size Grows to USD 365.47 Million by 2030
The global cyclodextrin market size was valued at US$270.50 million in 2021, and the global cyclodextrin market share is expected to reach US$365.47 million by 2030, according to a research report published by Spherical Insights & Consulting. Key vendors in the global Cyclodextrin market include Cambrex Corporation, Cayman Chemical, Wellona Pharma, Wacker Chemie AG, Cyclolab, Tocopharm Co. Limited, Roquette Frères, Midas Pharma GmbH, Ligand Pharmaceuticals Incorporated, Cyclo Therapeutics, Inc. , and Zibo Qianhui biological technology co., ltd. . Xi’an Deli Biochemical Industry Co., Ltd. Ltd, Merck KgaA, Otto Chemie Pvt. Ltd., Vue Chemicals, Ashland, TCI Chemicals Pvt. Lieutenant and others.
NEW YORK, US, Jan. 15, 2023 (GLOBE NEWSWIRE) — The Global Cyclodextrin market size From $270.50 million in 2021 to $365.47 million by 2030, a compound annual growth rate (CAGR) of 3.4% over the forecast period. During the forecast period, the demand for Cyclodextrin in the market will increase due to the increase in the intake of nutritional supplements and formulation of tablet medicines. A favorable environment for the Cyclodextrin market is being created by increasing global demand in the pharmaceutical sector for orally prepared pharmaceuticals.
International Economy: We’ve added an analysis of the risks of a growing recession and the impact of the Russia-Ukraine conflict war in our final installment report.
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The COVID-19 pandemic has had a negative impact on credit portfolios. There was an unprecedented rise in unemployment and disruption in economic activity, which put pressure on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market through interest rate cuts and asset purchase programmes. Managing and controlling credit, market, liquidity and operational risks across financial markets has been challenging enough with constant geopolitical tensions, international trade wars and the occasional hurricane and earthquake. The current pandemic situation has forced Chief Risk Officers and their teams to recalibrate outdated assumptions and models used to manage and monitor risk. The global impact of COVID-19 has shown that interdependence plays an important role in international cooperation. As a result, many governments are rushing to identify, evaluate and procure reliable AI-powered solutions.
Browse key industry insights spread across 191 pages with 185 market data tables, figures, and charts from the report “Global Cyclodextrin market sizeAnd Participation, analysis of the impact of COVID-19, by type (alpha, beta, and gamma), by application (pharmaceuticals, food, beverages, chemicals, cosmetics, personal care, etc.) Detailed with table of contents.
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The Beta Oil segment represents the largest market size during the forecast period
On the basis of type, the Cyclodextrin market is categorized into Alpha, Beta, and Gamma. The Beta Oil segment represents the largest market size during the forecast period. During the forecast period, the beta segment is expected to maintain its leading position due to a number of reasons. Remdesivir injectable drugs are often made with beta-cyclodextrin because it is more affordable and more widely accessible than other cyclodextrin. Beta cyclodextrins can be added to meals to improve the quality of the final ingredient. Beta-cyclodextrin improves the appearance and attractiveness of food while also improving the taste. It also provides food safety by preventing contamination and extending the shelf life of items. In addition, they devise sensory features of foodstuffs. These reasons explain why green tea drinks and other food products frequently contain beta-cyclodextrin.
The pharmaceutical segment will maintain a higher CAGR during the forecast period.
On the basis of application, the Cyclodextrin market is segmented into pharmaceuticals, food and beverage, chemicals, cosmetics, and personal care, among others. The pharmaceutical segment will maintain a higher CAGR during the forecast period. During the forecast period, the pharmaceutical segment is expected to maintain its leading position while expanding at the fastest CAGR because clodextrin is used to improve the water solubility of poorly soluble drugs in pharmaceuticals and nutraceuticals. They convert liquid medicines into an amorphous powder or microcrystalline form, which is why they are mostly used to make tablets. They also reduce irritating side effects of gastrointestinal medications. These reasons explain why cyclodextrin is primarily used in pharmaceuticals and has such a high level of drug compatibility.
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It is estimated that North America will have the highest market share in 2022.
The global Cyclodextrin market has been segmented into five major regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The demand for Cyclodextrin is driven by the increasing acceptance by the market. North America region has dominated the cyclodextrin market due to the large concentration of players in the pharmaceuticals and nutraceuticals industries. In this area, the market for medicines and food excipients is developed. As a result, despite its slow growth compared to other areas, it generates a lot of money. Busy and chaotic lifestyles of consumers and the prevalence of chronic diseases are two factors affecting the prevalence of cyclodextrin in North America. These lifestyles have made it essential for consumers to rely on nutritional supplements to meet their daily nutritional needs. The Asia Pacific region will maintain a higher compound annual growth rate over the forecast period.
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The report provides proper analysis of the key organizations/companies involved in the global Inorganic Complex Color Pigments market along with a comparative assessment primarily based on their product offering, business overviews, geographical presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides a detailed analysis focusing on current corporate news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows an assessment of the overall competition within the market. Key vendors in the global Cyclodextrin market include Cambrex Corporation, Cayman Chemical, Wellona Pharma, Wacker Chemie AG, Cyclolab, Tocopharm Co. Limited, Roquette Frères, Midas Pharma GmbH, Ligand Pharmaceuticals Incorporated, Cyclo Therapeutics, Inc. , and Zibo Qianhui biological technology co., ltd. . Xi’an Deli Biochemical Industry Co., Ltd. Ltd, Merck KgaA, Otto Chemie Pvt. Ltd. , VIO CHEMICALS, Ashland, and TCI Chemicals Pvt. Ltd. Ltd.
View a detailed table of contents here: https://www.sphericalinsights.com/table-of-contents/cyclodextrin-market
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