Sodium Starch Glycolate Market

Introduction:

The sodium salt of carboxymethyl ether is sodium starch glycolate (SSG). Wheat, rice, potatoes, and corn are sources of starch glycolates. Sodium starch glycolate is an off-white, tasteless, and often free-flowing powder. Molecular weight and pH level are criteria that can be used to classify SSG. Based on molecular weight, SSG is divided into type A, i.e. potato starch, and type B, i.e. corn starch Type A, B, and C or other classifications are based on pH.

Sodium Starch Glycolate Market size was valued at USD 76.40 Million in 2023 and is projected to reach USD 120.52 Million by 2032, growing at a CAGR of 6.35% during the forecasted period 2024 to 2032.

Due to its very strong degradability, it has several uses in the pharmaceutical industry. The drug is more effective because, thanks to SSG, the tablets dissolve faster and are therefore absorbed faster in the body. Since SSG is used as an adhesive component, it is also helpful in the packaging and automotive industries. SSG is also used as a thickener in the paint industry and as a stabilizer in the packaged food industry.

Overview:

Due to its highly efficient degradability, it has several uses in the pharmaceutical industry. The drug is more effective because, thanks to SSG, the tablets dissolve faster and are therefore absorbed faster in the body. Since SSG is used as an adhesive component, it is also useful in the packaging and automotive industries. SSG is also used as a thickener in the paint industry and as a stabilizer in the packaged food industry. In addition, there has been a significant increase in the number of restaurants, which ultimately increases the consumption demand for fast food and packaged foods such as frozen foods, ice cream, bread, and many other foods, which also increases the use of restaurants: sodium starch glycolate and allied industries. 

Since SSG is used in industrial adhesives widely used in the automotive industry, the rise of the automotive industry has also increased the demand for SSG. The growth of the sodium starch glycolate market can be hindered by many food and drug associations in different countries that have their own regulations and requirements that must be met before the product can be launched.

Sodium Starch Glycolate Market

Size, by Product, - (USD Billion)

Type A

Type B

Type C

Other Products

The Market will Grow

At the CAGR of:

6.35%

The Forecast Market

Size for in USD:

$120.52 Million

Sodium Starch Glycolate Market Dynamics:

There has been a rapid increase in the prevalence of chronic and acute diseases around the world and the demand for medicines and the increase in several diseases that require regular treatment, which increases the demand for manufacturing capsules and tablets. In addition, growing awareness of personal hygiene and awareness of beauty and related products is driving the sodium starch glycolate market. In addition, many companies are more focused on investing in research and development to effectively use sodium starch glycolate. 

Other factors include the increase in the number of restaurants or cafes, which will ultimately increase the demand for foods such as ice cream, bread, and many other foods and further increase the use of sodium starch glycolate and its supporting industries.

Key Players:

• DFE Pharma

• JRS Pharma

• Roquette

• Ashland

• Shreeji Pharma International

• Viking Pharma India

• Maple Biotech

• Anand Gelatin

• Huzhou Zhanwang Pharmaceutical Co., Ltd.

• Liaocheng A Hua Phamerceutical Co., Ltd.

• Qingdao Sino-World Biotech Co., Ltd.

• Tongaat Hulett Starch

• Sancai Industry Co., Ltd.

• Anhui Sunhere Pharmaceutical Excipients Co., Ltd.

• Yung Zip Chemical Industry Co., Ltd.

Sodium Starch Glycolate Market

Share, by end user, (USD Billion)

76.40 Million %

Pharmaceuticals

Food

Cosmetics

Other Applications

Other End-Users

120.52 Million

Total Market Size

USD (Billion),

6.35%

CAGR

-

Sodium Starch Glycolate Market Segmentation:

By Type:

• Type A

• Type B

• Type C

By Application:

• Pharmaceuticals

• Food

• Cosmetics

• Other Applications

By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

Sodium Starch Glycolate Market Opportunities:

• Pharmaceutical Industry: SSG is widely used as a disintegrant for tablets and capsules, which improves drug solubility and bioavailability. Growing demand for generic drugs and advances in drug delivery systems offer significant growth prospects. The growing popularity of ODT tablets that dissolve quickly in the mouth without water is increasing the demand for effective disintegrating agents such as SSG.

• Cosmetics and Personal Care Products: SSG is used as a thickener and stabilizer in cosmetics and personal care products. Growing consumer interest in effective skin care and cosmetic products may contribute to the growth of the market. The growing popularity of natural and organic ingredients in cosmetics opens up opportunities for SSGs, especially when they come from non-GMO sources.

• Food Industry: SSG is used as a thickener and stabilizer in various foods. Growing demand for prepared and ready-to-eat meals can boost market growth.

• Gluten-Free Products: The growing trend towards a gluten-free diet may increase the use of SSG in gluten-free baked goods and foods. The properties of SSG as a binder make it useful in industrial applications such as the production of adhesives and coatings. The trend towards sustainable and biodegradable packaging materials may create opportunities for SSG in the packaging industry.

• Geographical Expansion: Rapid industrialization and urbanization in emerging markets such as Asia Pacific and Latin America offer significant opportunities for market expansion. Rising healthcare costs and growing pharmaceutical industry in these regions may increase the demand for SSG. Obtaining official approvals in various countries can open up new markets.

• Research and Development: R&D's ongoing research into new SSG applications in the pharmaceutical, food and industrial sectors can create new market opportunities. Manufacturing process innovations to improve SSG functionality and efficiency can provide competitive advantages.

• Online Shopping and E-Commerce: The growth of e-commerce platforms allows manufacturers to reach a wider consumer base, making it easier to sell SSG-containing products directly to consumers. 

• Strategic Alliances: Cooperation with pharmaceutical companies, cosmetic manufacturers and food products can lead to joint development of new products and expansion of market scope.

Sodium Starch Glycolate Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

6.35%

The Forecast Market

Size for in USD:

$120.52 Million

Sodium Starch Glycolate Market Restraints:

• Regulatory Barriers: The pharmaceutical and food industries, which are the main consumers of sodium starch glycolate, are subject to strict regulatory standards. Compliance with these regulations can be costly and time-consuming, which can limit market growth.

• Quality and Safety Standards: Ensuring consistent quality and safety of sodium starch glycolate can be difficult, especially when regulations vary from region to region.

• Fluctuation In the Price of Raw Material: The price of raw materials such as starch used in the production of sodium starch glycolate can be volatile. Fluctuations in raw material prices can affect overall production costs and profitability of producers.

• Competition of Alternatives: There are several alternative disintegrants on the market, such as croscarmellose sodium and crospovidone. These alternatives can sometimes offer better performance or cost advantages, creating competition for sodium starch glycolate. Advances in drug delivery systems and dosage forms may decrease reliance on traditional disintegrants such as sodium starch glycolate.

• Supply Chain Disruptions: The supply chain for sodium starch glycolate production may be disrupted due to geopolitical issues, natural disasters or pandemics. Dependence on certain raw material suppliers can exacerbate these disturbances.

• Logistical and Transportation Issues: Logistical and transportation issues, such as increased costs or delays, may affect the timely availability of sodium starch glycolate to end users.

• Market Access and Awareness: In some regions, awareness and understanding of the benefits and applications of sodium starch glycolate may be limited, which may limit market access.

• Education and Training Requirements: Ongoing training and action is required to ensure that end users are adequately educated and informed about the proper use and benefits of sodium starch glycolate.

• Economic Factors: Economic instability or downturn can reduce spending in key industries such as pharmaceuticals and food processing, affecting the demand for sodium starch glycolate. Budget constraints in healthcare systems, especially in developing countries, may limit the use of more expensive excipients, thus affecting market growth.

Recent Development:

28 May 2024 Roquette, a global leader in plant-based ingredients, is proud to announce the launch of NUTRALYS Fava S900M fava bean protein isolate in Europe and North America.

November 7, 2023 Ashland globally launches Perfectyl biofunctional, which is a novel high-tech chamomile extract, developed using Zeta Fraction technology, driven by Artificial Intelligence (A.I.) and inspired by new aesthetic techniques for relaxing facial lines without the need for injections.

Sodium Starch Glycolate Market TO (USD BN)

CAGR OF

6.35%

Sodium Starch Glycolate Market

120.52 Million %

Conclusion:

The sodium starch glycolate market will grow significantly due to its various applications in the pharmaceutical, food, and cosmetic industries. Increasing prevalence of chronic diseases and growing demand for effective drug delivery systems are major factors driving the market. In addition, the rise of the cosmetics and hygiene industry, together with the trend of gluten-free and edible foods, offer significant opportunities for market expansion. However, there are challenges in the market such as regulatory barriers, variable prices of raw materials and competition from alternative decomposers. Strategic alliances, geographic expansion, and continuous research and development activities are key strategies for market players to exploit the opportunities and address the challenges in the Sodium Starch Glycolate market.