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Sodium Starch Glycolate Market Analysis
Based on product, the sodium starch glycolate market is segmented as Potato, Corn starch, Wheat. Potato held a majority market value of over USD 30 Million in 2022. The availability and cost-effectiveness of potato starch as a raw material can impact the demand for sodium starch glycolate produced from potatoes. The use of potato starch aligns with the market's preference for natural and renewable sources, driving demand for potato-derived sodium starch glycolate.
Based on end-use, the sodium starch glycolate market is segmented as Pharmaceutical Industry, Food Industry, Cosmetics and Personal Care Industry, Others. Pharmaceutical Industry held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace till 2032. Sodium starch glycolate is a critical disintegrant in pharmaceutical tablets, ensuring rapid breakup and drug release for effective therapy.
U.S. dominated the North American region with majority sodium starch glycolate market share and a revenue of USD 24 million in 2022. The expanding pharmaceutical market in North America contributes to the demand for sodium starch glycolate as tablets remain a popular dosage form.
Who are the key sodium starch glycolate business players?
DFE Pharma, BASF SE, Roquette Fr
How big is the sodium starch glycolate market?
Market size for sodium starch glycolate was USD 70 million in 2022 and will reach USD 115 million by 2032 due to the pharmaceutical industry's increasing focus on enhancing drug delivery and formulation efficiency worldwide.
Why is the demand for potato sodium starch glycolate growing?
Sodium starch glycolate industry from the potato product segment reached over USD 30 million in 2022 and will incur significant growth from 2023-2032 on account of the availability and cost-effectiveness of potato starch as a raw material.
What are the key factors driving U.S. sodium starch glycolate market growth?
U.S. sodium starch glycolate industry recorded USD 24 million in 2022 and is expected to witness appreciable growth from 2023-2032 owing to the rapidly expanding pharmaceutical industry in the region.