Middle East & Africa Biopharmaceutical Excipients Market Size & Outlook
Middle East & Africa biopharmaceutical excipients market, 2018-2030 (US$M)
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MEA biopharmaceutical excipients market highlights
- The MEA biopharmaceutical excipients market generated a revenue of USD 76.2 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 76.2 million |
| Market revenue in 2030 | USD 108.4 million |
| Growth rate | 5.2% (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, MEA region accounted for 2.9% 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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Middle East & Africa 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 35.96% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Biopharmaceutical manufacturers investing in the MEA market face several challenges such as complexity and lack of standardization in regulations pertaining to drug manufacturing and commercialization.
Government has played a pivotal role in encouraging local as well as international pharma companies to enter the MEA market; wherein the government is responsible for approximately 75% of the healthcare expenditure across MEA.
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Target buyers of Middle East & Africa 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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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 continent-level data and insights on the Middle East & Africa biopharmaceutical excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biopharmaceutical excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biopharmaceutical excipients market size, by country, 2018-2030 (US$M)
Middle East & Africa Biopharmaceutical Excipients Market Outlook Share, 2023 & 2030 (US$M)
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