Latin America Biopharmaceutical Excipients Market Size & Outlook
Latin America biopharmaceutical excipients market, 2018-2030 (US$M)
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Latin America biopharmaceutical excipients market highlights
- The Latin America biopharmaceutical excipients market generated a revenue of USD 140.8 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, carbohydrates was the largest revenue generating product in 2023.
- Specialty Excipients/Others is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 140.8 million |
| Market revenue in 2030 | USD 201.7 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Carbohydrates |
| Fastest growing segment | Specialty Excipients/Others |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Excipients/Others, Solubilizes & Surfactants/Emulsifiers, Polyols, Carbohydrates |
| Key market players worldwide | Merck KGaA, Basf SE, Associated British Foods PLC, IMCD NV, Clariant AG, Evonik Industries AG, Colorcon, Sigachi, Spectrum Chemical Manufacturingrp, Roquette America, DFE Pharma, J. Rettenmaier & Söhne |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global biopharmaceutical excipients 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 1,140.9 million by 2030.
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Biopharmaceutical Excipients Market Scope
Biopharmaceutical Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biopharmaceutical excipients 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 biopharmaceutical excipients market will help companies and investors design strategic landscapes.
Carbohydrates was the largest segment with a revenue share of 35.94% in 2023. Horizon Databook has segmented the Latin America biopharmaceutical excipients market based on specialty excipients/others, solubilizes & surfactants/emulsifiers, polyols, carbohydrates covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America pharmaceutical market is set to grow at a steady pace over the years. This can be attributed to increasing awareness regarding novel biopharmaceutical manufacturing technologies among the companies operating in this region.
In addition, rising expansion by market players of developed economies across Latin American countries is set to intensify the market competition in near future. For instance, Colorcon has expanded its product offerings in the LATAM markets.
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Target buyers of Latin America biopharmaceutical excipients market databook
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Our clientele includes a mix of biopharmaceutical excipients 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 Latin America biopharmaceutical excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biopharmaceutical excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biopharmaceutical excipients market size, by country, 2018-2030 (US$M)
Latin America Biopharmaceutical Excipients Market Outlook Share, 2023 & 2030 (US$M)
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