Global Pharmaceutical Excipients Market Report 2025-2034

The global pharmaceutical excipients market was valued at USD 11.50 billion in 2024, fueled by the growing demand for biopharmaceuticals and continuous advancements in drug formulation technologies. Excipients play a crucial role in enhancing the stability, bioavailability, and efficacy of pharmaceutical products, driving their widespread adoption in drug manufacturing. The increasing focus on novel drug delivery systems and the expansion of the generic drug sector are also contributing to market growth. The market is expected to grow at a CAGR of 6.50% during the forecast period of 2025-2034, reaching USD 21.59 billion by 2034.