Europe Active Pharmaceutical Ingredients Market Size & Outlook
Europe active pharmaceutical ingredients market, 2018-2030 (US$M)
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Europe active pharmaceutical ingredients market highlights
- The Europe active pharmaceutical ingredients market generated a revenue of USD 45,479.7 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Biotech is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 45,479.7 million |
| Market revenue in 2030 | USD 66,706.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, AbbVie Inc, Aurobindo Pharma, Sandoz Group AG Registered Shares, Viatris Inc, Fresenius Kabi |
Other key industry trends
- In terms of revenue, Europe region accounted for 19.2% of the global active pharmaceutical ingredients market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 125,445.4 million by 2030.
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Active Pharmaceutical Ingredients Market Scope
Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe active pharmaceutical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 69.84% in 2023. Horizon Databook has segmented the Europe active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for novel products for various chronic diseases in Europe is expected to boost the market growth. High disposable income, rapid technological advancements, and geographic presence of key manufacturers are among the key factors driving market growth.
Various initiatives undertaken by private & public organizations to create awareness about various diseases & their treatment options are anticipated to boost the overall market growth. Development of advanced APIs requires high seed capital. Therefore, market players may hesitate to invest in R&D. Overall high cost of API production and setting up manufacturing facilities in this region is expected to be a key factor restraining market growth
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Our clientele includes a mix of active pharmaceutical ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe active pharmaceutical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Europe active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe active pharmaceutical ingredients market size, by country, 2018-2030 (US$M)
Europe Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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