Cyclodextrin Market Size, Share, and Growth Analysis, By Type (Alpha-Cyclodextrin, Beta-Cyclodextrin), By Application (Pharmaceutical Formulations, Cosmetics and Personal Care Products), By Source, By Grade, By Region - Industry Forecast 2025-2032
Shandong Bright Moon Seaweed Group Co., Ltd.(China)
Zhejiang NHU Company Ltd.(China)
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Global Cyclodextrin Market size was valued at USD 290.3 million in 2023 and is poised to grow from USD 302.78 million in 2024 to USD 424.04 million by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
The global cyclodextrin market is witnessing significant growth and transformation, fueled by its versatile applications across various sectors. Composed of glucose molecules, cyclodextrins are celebrated for their ability to form inclusion complexes, making them essential in industries like pharmaceuticals, food and beverages, and cosmetics. In pharmaceuticals, they enhance the solubility and bioavailability of poorly soluble drugs, critical for effective treatment in drug development. In the food sector, cyclodextrins serve as encapsulating agents and flavor enhancers, extending product shelf life and improving sensory experiences. The cosmetics industry also leverages cyclodextrins for encapsulating sensitive ingredients, ensuring stability and effective release. Additionally, cyclodextrins play a role in environmental sustainability by aiding in the removal of pollutants, highlighting their growing relevance in eco-friendly initiatives.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cyclodextrin market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Cyclodextrin Market Segments Analysis
Global Cyclodextrin Market is segmented by Type, Application, Source, Grade and region. Based on Type, the market is segmented into Alpha-Cyclodextrin, Beta-Cyclodextrin and Gamma-Cyclodextrin. Based on Application, the market is segmented into Pharmaceutical Formulations, Cosmetics and Personal Care Products, Food and Beverage Industry and Industrial Applications. Based on Source, the market is segmented into Corn, Wheat and Potato. Based on Grade, the market is segmented into Pharmaceutical Grade, Food Grade and Industrial Grade. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Cyclodextrin Market
The global cyclodextrin market is primarily driven by their extensive application within the pharmaceutical industry, where they play a crucial role in improving the solubility, stability, and bioavailability of poorly water-soluble medications. As the pharmaceutical sector advances and introduces innovative drug formulations, the demand for cyclodextrins as excipients and drug delivery systems is anticipated to grow significantly. This rising need will support the market's expansion, as cyclodextrins are increasingly recognized for their effectiveness in overcoming solubility challenges and enhancing drug performance, further solidifying their position as essential components in modern pharmaceutical development.
Restraints in the Global Cyclodextrin Market
The global cyclodextrin market faces certain limitations due to the intricate and costly enzymatic processes involved in their production. These complex methods require significant resources, leading to high manufacturing costs, which can hinder the affordability and widespread usage of cyclodextrins, particularly in industries operating on tighter profit margins. As a result, sectors that are sensitive to pricing may find it challenging to incorporate cyclodextrins into their products, thereby restricting the overall growth and adoption of these versatile compounds. Addressing these production cost issues will be crucial for expanding cyclodextrin utilization across a broader range of applications.
Market Trends of the Global Cyclodextrin Market
The global cyclodextrin market is experiencing significant growth, primarily fueled by their expanding applications in pharmaceuticals and food industries. Recognized for their ability to form inclusion complexes, cyclodextrins enhance the solubility and bioavailability of poorly soluble drugs, which is increasingly vital in novel drug formulations. Similarly, the food industry leverages cyclodextrins to stabilize sensitive compounds and mask undesirable flavors or odors, catering to consumer demand for improved product quality. As innovation continues to drive advancements in both sectors, the demand for cyclodextrins is projected to rise steadily beyond 2023, highlighting their critical role in enhancing product efficacy and sustainability.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Cyclodextrin Market Size by Type & CAGR (2025-2032)
Market Overview
Alpha-Cyclodextrin
Beta-Cyclodextrin
Gamma-Cyclodextrin
Global Cyclodextrin Market Size by Application & CAGR (2025-2032)
Market Overview
Pharmaceutical Formulations
Cosmetics and Personal Care Products
Food and Beverage Industry
Industrial Applications
Global Cyclodextrin Market Size by Source & CAGR (2025-2032)
Market Overview
Corn
Wheat
Potato
Global Cyclodextrin Market Size by Grade & CAGR (2025-2032)
Market Overview
Pharmaceutical Grade
Food Grade
Industrial Grade
Global Cyclodextrin Market Size & CAGR (2025-2032)
North America (Type, Application, Source, Grade)
US
Canada
Europe (Type, Application, Source, Grade)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Application, Source, Grade)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Application, Source, Grade)
Brazil
Rest of Latin America
Middle East & Africa (Type, Application, Source, Grade)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Wacker Chemie AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Roquette Freres (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Cyclolab Cyclodextrin Research and Development Laboratory Ltd. (Hungary)