According to a research report published by Spherical Insights & Consulting, the global cyclodextrin market size was estimated at USD 270.50 million in 2021, and the global cyclodextrin market share is expected to reach USD 365.47 million by 2030. Key vendors in the global 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, Qilo Therapeutics, Co. ., ltd, Xi’an Deli Biochemical Industry Co., Ltd, Merck KgaA, Otto Chemie Pvt. Ltd., VIO CHEMICALS, Ashland, TCI Chemicals Pvt. Lt and others.
New York, United States, Jan. 15, 2023 (GLOBE NEWSWIRE) — The: Global Cyclodextrin Market Size From USD 270.50 Million in 2021 to reach USD 365.47 Million by 2030 at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. During the forecast period, the market demand for cyclodextrin will increase due to the increase in dietary supplement intake and tablet formulation. A favorable environment for the cyclodextrin market is being created by the increasing global demand for orally formulated pharmaceuticals in the pharmaceutical sector.
World economy. We have added an analysis of the growing risk of recession and the impact of the Russia-Ukraine conflict war in the final premium report.
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The COVID-19 pandemic has had a negative impact on loan portfolios. There has been an unprecedented rise in unemployment and disruption to economic activity, straining the solvency of customers and companies. Central banks have taken a proactive approach, injecting liquidity into the market through interest rate cuts and asset purchase programs. Managing and monitoring credit, market, liquidity and operational risks in financial markets has been challenging due to ongoing geopolitical tensions, international trade wars and occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to reevaluate the old assumptions and models used to manage and control risk. The global impact of COVID-19 has shown that interconnectedness plays an important role in international cooperation. As a result, many governments have begun to rush to identify, evaluate, and procure trusted AI-powered solutions.
Browse key industry insights spread across 191 pages with 185 market data tables and report figures and charts. “Global Cyclodextrin Market Size, Share and COVID-19 Impact Analysis by Type (Alpha, Beta and Gamma), by Application (Pharmaceuticals, Food & Beverage, Chemicals, Cosmetics & Personal Care, etc.) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast to 2030 detailed along with the table of contents.
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The beta oil segment is expected to account for the largest market size during the forecast period
On the basis of type, the cyclodextrin market is categorized into Alpha, Beta and Gamma. The beta oil segment is expected to account for the largest market size during the forecast period. Throughout the forecast period, the Beta segment is expected to maintain its leading position due to a number of reasons, Remdesivir injectables are often formulated with beta cyclodextrin as it is more affordable and widely available than other cyclodextrins. Beta cyclodextrins can be added to foods to improve the quality of the finished product. Beta cyclodextrins improve the appearance and appeal of food while improving flavor. It also offers food safety by preventing contamination and extending the shelf life of products. In addition, they innovate the sensory attributes of food. These reasons explain why green tea drinks and other foods often include beta cyclodextrin.
The pharmaceutical segment will maintain a higher CAGR during the forecast period.
On the basis of application, the Cyclodextrin market is classified into Pharmaceuticals, Food & Beverage, Chemical, Cosmetics & Personal Care, and Others. The pharmaceutical segment will maintain a higher CAGR during the forecast period. The pharmaceutical segment is expected to maintain its leading position while expanding at the fastest CAGR throughout the forecast period, as clodextrins are used to improve the water solubility of poorly soluble drugs in pharmaceutical and food products. They turn liquid drugs into an amorphous powder or microcrystalline form, which is why they are mainly used to make tablets. They also reduce the irritating side effects of gastrointestinal medications. These reasons explain why cyclodextrin is mainly used in pharmaceutical formulations and has a high level of drug compatibility.
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North America is expected to hold the highest market share in 2022.
The global cyclodextrin market is segmented into five major regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The demand for cyclodextrin is driven by the increasing acceptance by the market. The cyclodextrin market was dominated by the North American region mainly due to the significant concentration of players in the pharmaceutical and food industries. In this area, the market for pharmaceutical and nutritional excipients is developed. Because of this, despite its slow growth compared to other industries, it generates a lot of money. Busy and chaotic lifestyles of consumers and prevalence of chronic diseases are two factors influencing the expansion of cyclodextrins in North America. This lifestyle forces consumers to rely on nutritional supplements to meet their daily nutritional needs. Asia Pacific will post a higher CAGR during the forecast period.
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Competitive landscape
The report offers a relevant analysis of the key organizations/companies involved in the global Complex Inorganic Color Pigment market along with a comparative assessment based primarily on their product offering, business overviews, geographical presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides detailed analysis focusing on current news and developments of the companies, including Product Development, Innovations, Joint Ventures, Partnerships, Mergers & Acquisitions, Strategic Alliances, etc. This allows you to assess the overall market competition. Key vendors in the global 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, Qilo Therapeutics, Co. ., ltd, Xi’an Deli Biochemical Industry Co., Ltd, Merck KgaA, Otto Chemie Pvt. Ltd., VIO CHEMICALS, Ashland and TCI Chemicals Pvt. Ltd
View the detailed table of contents here: https://www.sphericalinsights.com/table-of-contents/cyclodextrin-market
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