India Active Pharmaceutical Ingredients Market Size & Outlook
India active pharmaceutical ingredients market, 2018-2030 (US$M)
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India active pharmaceutical ingredients market highlights
- The India active pharmaceutical ingredients market generated a revenue of USD 18,290.0 million in 2023 and is expected to reach USD 30,904.4 million by 2030.
- The India market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Synthetic is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
Active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 18,290.0 million |
| Market revenue in 2030 | USD 30,904.4 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 7.7% of the global active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30,904.4 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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India 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 69.67% in 2023. Horizon Databook has segmented the India active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Key players operating in the market are focusing on expanding their presence across various regions. For instance, in June 2022, Piramal Pharma Solutions invested USD 30 million for expanding its capabilities in Telangana, India. This initiative is expected to increase API manufacturing capacity and support drug development.
Furthermore, in November 2022, Aurobindo Pharma is expected to complete Penicillin G plant approved under the PLI scheme by 2024, with investment of USD 2,000 million to ensure and promote domestic manufacturing of API by increasing the production capacity to 15,000 tons annually.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into India active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
India Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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