Pharmaceutical Excipients for Taste Masking Market is accepted at a CAGR of over 5% through 2030

NEW YORK, Oct. 9, 2020 /PRNewswire/ -- Adoption of pharmaceutical excipients for taste masking techniques for achieving patient compliance with the drugs, and its acceptability especially amongst the geriatric and pediatric population, are set to drive market growth. Oral administration of medicines with an unpleasant taste is a major problem faced by patient groups. Taste masking technique is a key success determinant for oral dosage forms such as tablets.

As the oral route is thought to be the most convenient for drug administration, the growth of the pharmaceutical excipients for taste masking market is expected to see an upswing over the coming years. Also, increasing geriatric population and rising incidence of chronic diseases such as diabetes, cancer, and cardiovascular diseases will drive the growth of the pharmaceutical excipients for taste masking market, globally, at a CAGR of over 5% through 2030.

Key Takeaways from Pharmaceutical Excipients for Taste Masking Market Study

• Based on pharmaceutical excipient masking agents, artificial masking excipients is the most profitable segment, with a market value share of around 34%, due to the higher adoption of the artificial agents in taste masking processes.
• Growing aging population and adoption of medicines for the pediatric population around the world will increase the demand for pharmaceutical excipients for taste masking products over the forecast period.
• In terms of technique, coating is the leading segment, owing to its efficiency in masking the taste of APIs in final finished products.
• Europe is the most lucrative market in the global pharmaceutical excipients for taste masking market, and holds around 1/3 of the market share, owing to higher cost API processing in the region.
• As end users, pharmaceutical companies lead the market due to high in-house production of drugs by major pharmaceutical companies.
• The COVID-19 pandemic has led to lockdowns and restrictions, which has adversely affected the production of pharmaceutical excipients for taste masking agents.

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/14743

"Rising demand for medicines to treat chronic disease conditions, and increasing demand for oral and patient compatible medicines such as those with pleasant taste, are the main factors expected to contribute in propelling the growth of the global pharmaceutical excipients for taste masking market over the coming years," says a PMR analyst.

Growing Trends in Drug Formulation

Oral drugs are popular as they easy ingestible and absorbable. As such, good taste of the medicine is a necessary feature for patient compliance with the medicines. Patient compliance with oral medicines will boost the growth of the pharmaceutical excipients for taste masking market. The market is expected to exhibit significant growth in terms of CAGR during the forecast period (2020-2030).

Need more information about Report Methodology? Ask here: https://www.persistencemarketresearch.com/methodology/14743

Key Strategy amongst Market Players

Key players in the pharmaceutical excipients for taste masking market are focused on strengthening their market presence through a variety of taste masking technologies and with the development of new platforms. These include stimuli responsive systems for drug delivery by including pH-sensitive and ion-sensitive polymers to mask the bitter taste of drugs. For instance, Acetaminophen is masked with Shellac, which is a natural polymer meant to mask bitter taste.

Request for Full Report Access:  https://www.persistencemarketresearch.com/checkout/31924

What else is in the report?

Persistence Market Research offers a unique perspective and actionable insights on the pharmaceutical excipients for taste masking market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2030, based on type (natural, artificial, nutritive, non- nutritive, polyols, and others), technique (hot melt extrusion, microencapsulation, coating, organoleptic methods, and others), usage (solid dosage forms-tablets, granules, capsules, and liquid dosage forms), and end use (pharmaceuticals, nutraceuticals, and contract manufacturing organizations), across seven key regions.

PMR's Expertise in Life Sciences and Transformational Health

Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/allergy-shots-market.asp

Browse More: Life Sciences & Transformational Health

Popular Research Reports by PMR:

• Eye Health Products Market: https://www.persistencemarketresearch.com/market-research/eye-health-products-market.asp
• Mesotherapy Market: https://www.persistencemarketresearch.com/market-research/mesotherapy-market.asp
• Electroencephalography (EEG) Devices Market: https://www.persistencemarketresearch.com/market-research/eeg-devices-market.asp 

Persistence Market Research Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Web Site: https://www.persistencemarketresearch.com 
Email: [email protected] 
Recent Development in top 25 sectors: https://www.persistencemarketresearch.com/recent-development-in-top-25-sectors 
Content Source: https://www.persistencemarketresearch.com/mediarelease/pharmaceutical-excipients-for-taste-masking-market.asp  

SOURCE Persistence Market Research Pvt. Ltd.