South Africa Active Pharmaceutical Ingredients Market Size & Outlook
South Africa active pharmaceutical ingredients market, 2018-2030 (US$M)
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South Africa active pharmaceutical ingredients market highlights
- The South Africa active pharmaceutical ingredients market generated a revenue of USD 1,427.6 million in 2023 and is expected to reach USD 2,253.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.7% 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 1,427.6 million |
| Market revenue in 2030 | USD 2,253.5 million |
| Growth rate | 6.7% (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, South Africa accounted for 0.6% 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 Middle East & Africa, South Africa active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 126.0 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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South Africa 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 70.47% in 2023. Horizon Databook has segmented the South Africa active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
The pharmaceutical market in South Africa has not made a significant impact internationally, and the vast majority of pharmaceuticals exported from larger South African pharmaceutical firms, such as Aspen, remain within the African continent. South Africa has several public and private organizations working to facilitate local production of APIs.
For instance, the API for Africa (APIFA) is a nonprofit organization focusing on improving production in the region. In March 2022, North-West University partnered with Technology Innovation Agency and Department of Science and Innovation for the launch of API Plus Laboratory to improve the manufacturing of APIs in the country.
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Target buyers of South Africa active pharmaceutical ingredients market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Africa active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
South Africa Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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