Sodium Starch Glycolate Market - By Product (Potato, Corn Starch, Wheat), By End-use (Pharmaceutical Industry, Food Industry, Cosmetics and Personal Care Industry) & Forecast, 2023 – 2032
Report ID: GMI6705
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Published Date: September 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 191
Countries covered: 21
Pages: 150
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Sodium Starch Glycolate Market Size
Sodium Starch Glycolate Market size was valued at around USD 70 million in 2022 and is anticipated to grow at a CAGR of 5.2% between 2023 and 2032. Sodium starch glycolate is a commonly used disintegrant in pharmaceutical formulations, aiding the rapid breakup of tablets into smaller particles for effective drug release.
As pharmaceutical formulations become more complex, the demand for effective disintegrants like sodium starch glycolate increases to ensure proper drug release profiles. Sodium starch glycolate is utilized in instant food products to ensure rapid dissolution and rehydration, catering to consumer preferences for convenience.
Meeting regulatory requirements for pharmaceutical and food-grade products can be challenging due to evolving standards and the need for consistent quality control. Ensuring the safety of sodium starch glycolate, especially in pharmaceuticals, is crucial. Contaminants, allergens, or impurities could lead to adverse effects. Ensuring a consistent supply of high-quality starch raw materials for sodium starch glycolate production can be challenging due to variations in crops and regions. Thus, the risks associated with Sodium starch glycolate may drive down the acceptance rate, further hampering the business growth.
COVID-19 Impact
Manufacturing facilities across the globe faced temporary closures or reduced capacity due to lockdowns, impacting the production of sodium starch glycolate. The pharmaceutical and food industries may have shifted their focus to essential products, affecting the demand for sodium starch glycolate in non-essential applications. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Sodium starch glycolate Market Trends
The pharmaceutical industry's focus on enhancing drug delivery and formulation efficiency has driven the demand for disintegrants like sodium starch glycolate. The expanding global pharmaceutical market, especially in emerging economies, contributes to the demand for sodium starch glycolate in tablet formulations. Researchers and manufacturers are exploring innovative formulation techniques to optimize disintegration and dissolution profiles using sodium starch glycolate.
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.
Sodium starch glycolate Market Share
Some of the major players operating in the sodium starch glycolate market are:
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Sodium starch glycolate Industry News:
Sodium starch glycolate market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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By Product
By End-use
The above information is provided for the following regions and countries: