Global Cyclodextrin Market Size to grow USD 365.47 Million by 2030 | CAGR of 3.4%Category: Specialty & Fine Chemicals
Global Cyclodextrin Market worth $365.47 million by 2030
According to a research report published by Spherical Insights & Consulting, the Global Cyclodextrin Market Size to grow from USD 270.50 million in 2021 to USD 365.47 million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. Over the projected period, the demand for Cyclodextrin in the market will increase due to rising dietary supplement intake and tablet medicine formulation. A favourable environment for the Cyclodextrin market is being created by rising global demand in the pharmaceutical sector for orally prepared pharmaceuticals.
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Browse key industry insights spread across 191 pages with 185 market data tables and figures & charts from the report ”Global Cyclodextrin Market Size, Share, and COVID-19 Impact Analysis By Type (Alpha, Beta and Gamma), By Application (Pharmaceutical, Food & beverage, Chemicals, Cosmetics & personal care and Others) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2030.“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/cyclodextrin-market
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The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.
The Beta Oil segment to account for the largest market size during the forecast period
Based on the Type, the Cyclodextrin Market is categorized into Alpha, Beta and Gamma. The Beta Oil segment to account for the largest market size during the forecast period. Throughout the forecast period, the Beta segment is anticipated to maintain its leading position because of a number of causes, Remdesivir injectable medications are frequently made with beta cyclodextrin because it is more affordable and widely accessible than other cyclodextrins. Beta cyclodextrins can be added to meals to improve the quality of the finished item. Beta cyclodextrins improve the food's look and attractiveness while also improving taste. It also offers food safety by preventing contamination and extending the shelf life of the items. Additionally, they innovate the sensory attributes of food items. These reasons explain why green tea drinks and other food products frequently include beta cyclodextrin.
The Pharmaceutical segment to hold a higher CAGR during the forecast period.
Based on the application, the Cyclodextrin Market is categorized Pharmaceutical, Food & beverage, Chemicals, Cosmetics & personal care and Others. The Pharmaceutical segment to hold a higher CAGR during the forecast period. Throughout the forecast period, the Pharmaceutical segment is anticipated to maintain its leading position while expanding at the fastest CAGR because Clodextrins are used to improve the water solubility of poorly soluble medicines in pharmaceutical and nutraceutical goods. They transform liquid medications into an amorphous powder or microcrystalline form, which is why they are mostly employed to make tablets. They also lessen the gastrointestinal medications' irritating side effects. These reasons explain why cyclodextrin is primarily employed in pharmaceutical formulations and has a high level of drug compatibility.
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North America is estimated to account for the highest market share in 2022.
The Global Cyclodextrin Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. The demand for Cyclodextrin is being driven by the rising acceptance by the market. The market for Cyclodextrin was dominated by the North America region mostly due to the significant concentration of players in the pharmaceutical and nutraceutical industries. In this area, the market for pharmaceutical and nutraceutical excipients is developed. Due to this, despite its sluggish growth in comparison to other areas, it generates a lot of money. Consumers' busy and chaotic lifestyles and the prevalence of chronic illnesses are two factors influencing the expansion of cyclodextrins in North America. These lifestyles have made it necessary for consumers to rely on dietary supplements to meet their daily nutritional needs. Asia Pacific to hold a higher CAGR during the forecast period.
Major 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., Zibo Qianhui biological technology co., ltd, Xi'an Deli Biochemical Industry Co., Ltd, Merck KgaA, Otto Chemie Pvt. Ltd., VIO CHEMICALS, Ashland, and TCI Chemicals Pvt. Ltd.
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Frequently Asked Questions (FAQ)
What is the market size of the Cyclodextrin market?As per Spherical Insights, the size of the Cyclodextrin market was valued at USD 270.50 million in 2021 to USD 365.47 million by 2030.
What is the market growth rate of the Cyclodextrin market?The Cyclodextrin market is growing at a CAGR of 3.4% from 2022 to 2030.
Which country dominates the Cyclodextrin market?North America emerged as the largest market for Cyclodextrin.
Who are the key players in the Cyclodextrin market?Key players in the Cyclodextrin market are Cambrex Corporation, Cayman Chemical, Wellona Pharma, Wacker Chemie AG, Cyclolab, Tocopharm Co. Limited, Roquette Frères, Midas Pharma GmbH, Ligand Pharmaceuticals Incorporated, Cyclo Therapeutics, Inc., Zibo Qianhui biological technology co., ltd, Xi'an Deli Biochemical Industry Co., Ltd, Merck KGaA, Otto Chemie Pvt. Ltd., VIO CHEMICALS, Ashland, and TCI Chemicals Pvt. Ltd.
Which factor drives the growth of the Cyclodextrin market?Increasing investment for healthcare infrastructure is expected to drives the market's growth over the forecast period.
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