Cyclodextrin Market Expected to Reach $579.6 Million by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cyclodextrin Market," The cyclodextrin market was valued at $334.0 million in 2022, and is estimated to reach $579.6 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Cyclodextrins are cyclic oligosaccharides composed of glucose units linked by alpha-1,4-glycosidic bonds. These molecules have a unique torus or truncated cone structure, with a hydrophobic central cavity and a hydrophilic outer surface. Cyclodextrins are known for their ability to form inclusion complexes with guest molecules, wherein the guest molecule is encapsulated within their central cavity. This characteristic makes cyclodextrins valuable in various industries, including pharmaceuticals, food, cosmetics, and more, for applications such as improving the solubility, stability, and bioavailability of various compounds.    

Cyclodextrins find applications in the food and beverage industry as well. They are utilized to encapsulate flavors, aromas, and other sensitive food ingredients. This helps in preserving the quality and stability of food products. Additionally, cyclodextrins are used to reduce the bitterness of certain compounds, enhancing the overall taste profile. According to article published by India Brands Equity Foundation in As consumer preferences for enhanced food quality and sensory experiences grow, the use of cyclodextrins in the food and beverage industry is expected to expand.  

Furthermore, in the cosmetics and personal care industry, cyclodextrins contribute to the formulation of stable and efficient products. They are utilized to encapsulate and stabilize active ingredients, enhancing the delivery and performance of skincare and haircare formulations. Cyclodextrins enable the controlled release of cosmetic actives, ensuring prolonged efficacy and improved consumer experience. With the increasing demand for high-performance and multifunctional personal care products, the cyclodextrin market continues to thrive in this sector. 

However, regulatory considerations also impact the cyclodextrin market. As cyclodextrins are used in various applications, including pharmaceuticals and food products, adherence to stringent regulatory requirements is crucial. Obtaining regulatory approvals for cyclodextrin-containing products can be time-consuming and expensive. Additionally, evolving regulatory landscapes and changes in compliance standards may require continuous adaptation by manufacturers, adding a layer of complexity to the market.  

On the contrary, in agriculture, cyclodextrins play a role in enhancing the solubility and stability of agrochemicals, such as pesticides and herbicides. This improves their efficiency and reduces environmental impact. As the agriculture sector seeks sustainable and eco-friendly solutions, the use of cyclodextrins in agrochemical formulations becomes a key opportunity. 

The global cyclodextrin market is segmented on the basis of type, end-user industry, and region. By type, the market is segregated into alpha-cyclodextrin, beta-cyclodextrin, and gamma-cyclodextrin. The beta-cyclodextrin segment accounted for the largest share in terms of revenue in 2022. Beta-cyclodextrin is recognized as a food additive and is used in the food industry for encapsulating and stabilizing certain ingredients. It can help enhance the flavor, aroma, and stability of food products. With a growing focus on innovative food formulations and functional ingredients, the demand for beta-cyclodextrin in the food industry could be on the rise.  

By end-user industry, the market is divided into food, pharmaceutical, cosmetics & personal care, chemical, textile, and others. The pharmaceutical end-user industry segment dominated the global market, in terms of revenue in 2022. Cyclodextrins can help stabilize certain pharmaceutical ingredients, particularly those prone to degradation or low stability. By forming inclusion complexes, cyclodextrins can protect drugs from factors such as light, heat, and oxidation, thereby increasing their shelf life and efficacy.  

Region wise, the cyclodextrin market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific cyclodextrin market size is projected to grow at the highest CAGR during the forecast period and accounted for a major market share in 2022. Cyclodextrins are used in the food and beverage industry for encapsulating flavors, stabilizing sensitive ingredients, and improving the solubility of certain compounds. As the demand for processed and functional foods increases in the Asia-Pacific region, the use of cyclodextrins in food applications may also be on the rise.   

Key players operating in the global cyclodextrin market include Cambrex Corporation, Cayman Chemical, Wellona Pharma, Wacker Chemie AG, Cyclolab, Tocopharm Co. Limited, Roquette Frères, Midas Pharma GmbH, Ligand Pharmaceuticals Incorporated, and Cyclo Therapeutics, Inc.   

Other key players involved in the manufacturing of cyclodextrin includes Zibo Qianhui biological technology co., ltd, Xi'an Deli Biochemical Industry Co., Ltd, Merck KgaA, Otto Chemie Pvt. Ltd., VIO CHEMICALS, Ashland, and TCI Chemicals Pvt. Ltd. 

Key Findings Of The Study:

• By type, the beta-cyclodextrin segment is the most lucrative segment.  
• By end-user industry, the pharmaceutical segment is estimated to display the highest growth rate. 
• By region, North America garnered the highest share of in 2022, in terms of revenue.