South Africa Biopharmaceutical Excipients Market Size & Outlook
South Africa biopharmaceutical excipients market, 2018-2030 (US$M)
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South Africa biopharmaceutical excipients market highlights
- The South Africa biopharmaceutical excipients market generated a revenue of USD 11.7 million in 2023 and is expected to reach USD 17.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6% 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.
Biopharmaceutical excipients market data book summary
| Market revenue in 2023 | USD 11.7 million |
| Market revenue in 2030 | USD 17.6 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Carbohydrates |
| Fastest growing segment | Specialty Excipients/Others |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.4% of the global biopharmaceutical excipients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia biopharmaceutical excipients market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 17.6 million by 2030.
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Biopharmaceutical Excipients Market Scope
Biopharmaceutical Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 35.9% in 2023. Horizon Databook has segmented the South 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.
South Africa is the major pharma manufacturing country in Africa, wherein large-scale drug manufacturing companies such as Abbott, Merck, Ferring Pharmaceuticals, and Aurobindo Pharma have invested in the South African pharmaceutical industry.
Moreover, evolving pharmaceutical industry in South Africa has led to a strong network with the Indian and European companies and this has reflected on the pharmaceutical formulations imports of the country over the years.
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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 country-level data and insights on the South Africa biopharmaceutical excipients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biopharmaceutical excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biopharmaceutical excipients market size, by product, 2018-2030 (US$M)
South Africa Biopharmaceutical Excipients Market Outlook Share, 2023 & 2030 (US$M)
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