Sugar Sphere Market Report Overview
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The global sugar sphere market size was USD 161.3 million in 2021 and is projected to touch USD 275.48 million by 2031, exhibiting a CAGR of 5.5% during the forecast period.
Sugar spheres are used in the formation of pellets which are then used in oral medication. Sugar spheres are white seeds made up of sucrose and starch. Sugar spheres are produced by using a layered sugar-coating structure. Sugar spheres are also known as neutral pellets, nonpareil seeds, microgranules, or sugar beads. The ultimately finished pellet has no active substances, which makes it useful for low-dose substances or substances that have a high effect/dose relation.
Sugar spheres are highly useful in the making of combination drugs. Its spherical shape comes from its flowability when used in bulk. Apart from its use in oral medication, it is also used in edible food products. They have the advantage of high mechanical stability and no friability. It also has the excellent microbiological quality and controlled particle size distribution. Sugar spheres offer no attrition and a smooth, non-porous surface.
COVID-19 Impact: Increase in Demand due to High Use of Medicines
The COVID-19 pandemic was a huge hit to economies and industries all around the world. People were suffering not only in their health but also due to financial and personal losses. People affected by COVID-19 were prescribed specific medications to be taken orally in the form of tablets or capsules. Due to this, there was an increased demand for medicines in the market, and in turn, there was a huge demand for sugar spheres to manufacture medications. People were not only buying medicines for their use but also hoarding them in fear of not getting the medicines when required in the future. This created a huge gap in the demand and supply of certain drugs in the market. The production levels had to be increased to manage the current demand levels. Being affected by COVID-19 also came with side effects. Patients started suffering from respiratory problems, heart diseases, and other ailments. The treatment of all of these required the use of sugar spheres to produce oral pharmaceuticals. This led to an increase in the sugar sphere’s market size.
Latest Trends
"Sustained-Release Tablets to Boost Growth"
A new application of sugar spheres has come up recently, which is used in sustained-release tablets. Sustained-release tablets are released more slowly in the bloodstream in comparison to other tablets. It maintains a constant level of medication all over the body, without any area receiving more or less. Fewer doses of sustained-release tablets are required in comparison to other medications. This reduces the expenditure of the patients and makes it more feasible for them to carry out the entire treatment regimen. Side-effects associated with sustained-release tablets are much fewer, which makes them more attractive to both doctors and patients. It decreases the potential toxicity of the drug components and improves the plasma levels in the body of the injected. The sugar spheres market growth is going to be positively augmented due to the use of sustained-release tablets.
Sugar Sphere Market Segmentation
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- By Type Analysis
On the basis of type, the sugar sphere market can be divided into micrometers and standard spheres.
- By Application Analysis
According to application, the sugar sphere market can be segmented into tablets, capsules, and others.
Driving Factors
"Expectations for Clean Products in the Market to Stimulate Demand"
Sugar spheres are widely used as an excipient in the pharmaceutical industry. They are made up of sucrose and starch, which are also common food ingredients. The components of sugar spheres make them extremely attractive to people. They are made up of natural substances and are safe and non-toxic. It gives it an edge above other similar excipients. They are also easily digestible by the intestines.
"Sustainability of Sugar Spheres to Augment Growth"
Environmental protection and conservation have been receiving much-needed attention today. Governments, companies, and individuals are all doing their role in preserving the environment for the present and future generations. All production activities are under immense scrutiny to be as sustainable as possible. Sucrose and starch, the components used in the production of sugar spheres are completely biodegradable. This makes them a more viable alternative than any other excipients in the market. This is going to lead to the sugar sphere market growth in the coming years as people become more and more active in the environmental protection sphere.
Restraining Factors
"Upcoming Alternatives to Challenge Growth"
The sugar sphere market is being challenged by new and upcoming alternatives for the same. These alternatives provide the same product characteristics as that provided by sugar spheres. Some of them are even water-soluble controlling the particle size distribution behavior. Different dose levels can be met as they come in a range of particle sizes. They are also robust enough to withstand rigorous processing. While sugar spheres still dominate the market, these new alternatives with increased features may prove to be a challenge in the sugar sphere market growth.
Sugar Sphere Market Regional Insights
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"North America to Dominate Owing to Growing Technological Advances "
North America dominates the sugar sphere market share. The North American region has an abundant demand for pharmaceutical products and the pharmaceutical industry in the region is booming rapidly. The healthcare and medical industry in the North American region is one of the most well-developed in the world. The use of sugar spheres in various oral pharmaceuticals is propelling the growth of the sugar spheres market in the region.
The Asia Pacific region follows the North American region in terms of market production and consumption. Pharmaceutical industries in the region are expanding rapidly. Healthcare facilities are also being developed rapidly, with more and more people receiving adequate treatment for their ailments. This is increasing the demand for sugar spheres in the region.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Colorcon (U.S.)
- Zhuhai Rundu Pharmaceutical Co (China)
- Pharm-a-spheres (Germany)
- Pharmatrans Sanaq AG (Switzerland)
- M.B. Sugars and Pharmaceuticals Limited (India)
- Emilio Castelli (Italy)
- Nanjing Joyfulchem (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 161.3 Million in 2021 |
Market Size Value By |
US$ 275.48 Million by 2031 |
Growth Rate |
CAGR of 5.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global sugar sphere market expected to touch by 2031?
The global sugar sphere market is expected to touch 275.48 million by 2031.
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What CAGR is the sugar sphere market expected to exhibit by 2031?
The sugar sphere market is expected to exhibit a CAGR of 5.5% by 2031.
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Which are the driving factors of the sugar sphere market?
The driving factors of the sugar sphere market are the expectations for clean products in the market and a sustainable production process.
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Which are the top companies operating in the sugar sphere market?
Colorcon, Zhuhai Rundu Pharmaceutical Co, Pharm-a-spheres, Pharmatrans Sanaq AG, M. B. Sugars & Pharmaceuticals Limited, Emilio Castelli, Nanjing Joyfulchem are the key companies operating in the sugar sphere market.