What is Global Sodium Starch Glycolate Market?
The Global Sodium Starch Glycolate Market, often abbreviated as SSG, is a significant sector in the global economy. This market revolves around the production and distribution of Sodium Starch Glycolate, a white to off-white, tasteless, odorless, relatively free flowing powder. It is used in pharmaceuticals as a disintegrant in capsule and tablet formulations. The global market for Sodium Starch Glycolate was valued at a substantial US$ 75 million in 2022. This figure is expected to rise to an impressive US$ 112.6 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2023 to 2029. This growth is a testament to the increasing demand and usage of Sodium Starch Glycolate in various sectors. DFE Pharma, a global supplier of pharmaceutical excipients, is leading the market with a share of about 13%.
SSG (Corn Starch), SSG (Potato Starch), SSG (Others) in the Global Sodium Starch Glycolate Market:
The Global Sodium Starch Glycolate Market is segmented based on the source of the starch. These include SSG (Corn Starch), SSG (Potato Starch), and SSG (Others). Each of these segments has its unique characteristics and applications. SSG (Corn Starch) is derived from corn and is used extensively due to its high swelling capacity. SSG (Potato Starch), on the other hand, is obtained from potatoes and is known for its excellent binding properties. The SSG (Others) segment includes Sodium Starch Glycolate derived from other sources like rice and wheat. Each of these segments contributes to the overall growth of the Global Sodium Starch Glycolate Market.
Pharmaceutical Uses, Food Uses, Others Uses in the Global Sodium Starch Glycolate Market:
Sodium Starch Glycolate finds its applications in various sectors including Pharmaceutical Uses, Food Uses, and Others. In the pharmaceutical industry, it is used as a disintegrant in tablet and capsule formulations. It helps in the rapid breakdown of tablets and capsules when they come in contact with water. This property is crucial in ensuring the quick release of the medication into the body. In the food industry, Sodium Starch Glycolate is used as a food additive. It acts as a stabilizer and thickener in various food products. Other uses of Sodium Starch Glycolate include its application in the cosmetics industry where it is used in the formulation of creams, lotions, and other skincare products.
Global Sodium Starch Glycolate Market Outlook:
To rephrase the market outlook, the Global Sodium Starch Glycolate Market is on a growth trajectory. As of 2022, the market was worth US$ 75 million. This value is projected to increase to US$ 112.6 million by 2029, indicating a steady CAGR of 5.9% during the forecast period from 2023 to 2029. This growth is driven by the increasing demand for Sodium Starch Glycolate in various sectors including pharmaceuticals, food, and cosmetics. DFE Pharma, a global supplier of pharmaceutical excipients, is at the forefront of this market with a share of about 13%.
| Report Metric | Details |
| Report Name | Sodium Starch Glycolate Market |
| Accounted market size in 2022 | US$ 75 in million |
| Forecasted market size in 2029 | US$ 112.6 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DFE Pharma, JRS Pharma, Roquette Frères S.A., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Shreeji Pharma International, Liaocheng A Hua Phamerceutical Co., Ltd, Prachin Chemical, QFTL Medical Suppliments, Xinda Biotechnology Co.,Ltd, Huzhou Zhanwang Pharmaceutical Co.,Ltd, Muby Chemicals, Yung Zip Chemical Ind. Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
