Sugar Spheres Market Size By Product (Standard Spheres and Microspheres), By Application (Tablets and Capsules), By Geographic Scope And Forecast
Sugar Sphere Market Size And Forecast
According to Verified Market Research, the Global Sugar Sphere Market was valued at USD 142.4 Million in 2019 and is projected to reach USD 229.9 Million by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Global Sugar Sphere Market Overview
Sugar spheres are usually porous pellets consisting of sucrose and starch. The pellets are mixed with other tablet ingredients comprising the core of a tablet, such as active pharmaceutical ingredients (APIs). Since they are most commonly contained in the sustained-release tablets, the mixture can also contain other excipients. Its sphere-shaped is ideal owing to its flowability, mostly when poured in bulk. The low friability of sugar spheres allows them to withstand the laborious tablet coating, control, and other production processes. In addition to this, compression of the newly-formed tablet comes after mixing the pellet with active pharmaceutical ingredients (APIs) and other excipients, this process is simpler and more effective with a spherical pellet. However, the preparation of pharmaceutical tablets and capsules using sugar spheres involves various technologies with high production costs. The long processing time and high production cost are expected to restrict the growth of the global sugar spheres market.
Global Sugar Sphere Market: Segmentation Analysis
The Global Sugar Spheres Market is segmented on the basis of Product, Application, and Geography.
Key Players In Sugar Sphere Market
The major players in the market are Colorcon, Pharm-a-spheres, Pharmatrans Sanaq Ag, M. B. Sugars & Pharmaceuticals Limited, Emilio Castelli, Nanjing Joyfulchem, and Meenaxy Pharma Private Limited.
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