The North America Cyclodextrin Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 231.83 Tonnes, showcasing a growth of 17.3% (2020-2023).
Beta-cyclodextrin, a key component of the market, serves various roles across different industries. In pharmaceuticals, this functions as an excipient, forming inclusion complexes with hydrophobic drugs to enhance their solubility and stability. This enables the formulation of oral medications with improved bioavailability and reduced side effects. Therefore, the demand of this product in the US was 245.37 Tonnes in 2023.
The US market dominated the North America Cyclodextrin Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $162,694.3 Thousands by 2031. The Canada market is experiencing a CAGR of 5.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).
The market refers to the industry producing, distributing, and utilizing cyclodextrins and its derivatives. These are cyclic oligosaccharides composed of glucose units linked by α-(1,4) glycosidic bonds. They are characterized by a toroidal (doughnut-shaped) structure with a hydrophobic cavity and hydrophilic exterior, which enables them to form inclusion complexes with guest molecules.
Due to their unique molecular structure and encapsulation capabilities, cyclodextrins find various applications across various industries. For example, these are extensively used in the pharmaceutical industry as excipients to enhance poorly water-soluble drugs’ solubility, stability, and bioavailability. They form inclusion complexes with hydrophobic drug molecules, improving their aqueous solubility and facilitating controlled-release formulations.
As Canada’s food and beverage industry expands, there may be a higher demand for food additives, including these chemicals. These are used in the food industry as encapsulating agents, stabilizers, and flavour enhancers. With the introduction of new food products and the reformulation of existing ones to meet consumer demands, these could be needed to improve the taste, texture, and shelf-life of food and beverage products. Thus, the increasing food and beverage industry in the region is driving the market’s growth.
Free Valuable Insights: The Cyclodextrin Market is Predict to reach USD 504.3 Million by 2031, at a CAGR of 5.6%
Based on Type, the market is segmented into Beta-Cyclodextrin, Alpha-Cyclodextrin, and Gamma-Cyclodextrin. Based on End-use, the market is segmented into Pharmaceutical, Food, Cosmetics & Personal Care, Chemical, Textile and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Tonnes, USD Million, 2020-2031)
By End-use (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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