Cyclodextrins are a family of cyclic oligosaccharides, consisting of a macrocyclic ring of glucose subunits joined by α-1,4 glycosidic bonds. Cyclodextrins are produced from starch by enzymatic conversion. They are used in food, pharmaceutical, drug delivery, and chemical industries, as well as agriculture and environmental engineering.
Due to COVID-19 pandemic, the global Cyclodextrin in Pharma market size is estimated to be worth US$ 32 million in 2021 and is forecast to a readjusted size of USD 47 million by 2028 with a CAGR of 5.6% during review period.
Pharma use is the third largest application area, followed by Food & Beverage and Cosmetic segments. The pharma use segment takes about 15% of the whole cyclodextrin market.
With the raw materials’ price increasing, the price of cyclodextrin in pharma marked a rapid growth rate, especially in the first half of 2021.
The various oral dosage forms such as tablets, capsules, freeze-dried powder are the largest application in the pharma use, this segment took about 88.7% of the whole sales volume, most of them are use the normal Beta-cyclodextrin, so the average price of this segment is relatively low.
In the injectables segment, the CD derivatives, such as HP-β-CD and SEB-β-CD can be used in this segment, downstream users like Janssen and Pfizer are use these CD derivatives in their injectables product.
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