Latin America Downstream Processing Market Size & Outlook
Latin America downstream processing market, 2018-2030 (US$M)
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Latin America downstream processing market highlights
- The Latin America downstream processing market generated a revenue of USD 1,449.2 million in 2023.
- The market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, chromatography systems was the largest revenue generating product in 2023.
- Filters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,449.2 million |
| Market revenue in 2030 | USD 3,583.1 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Chromatography systems |
| Fastest growing segment | Filters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chromatography Systems, Filters, Evaporators, Centrifuges, Dryers |
| Key market players worldwide | Merck KGaA, Sartorius AG, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Danaher Corp, Repligen Corp, 3M Co, Boehringer Ingelheim, Corning Inc, Lonza Group Ltd, Dover Corp, Asahi Kasei Corp, Eppendorf |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global downstream processing 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 28,333.2 million by 2030.
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Downstream Processing Market Scope
Downstream Processing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America downstream processing 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 downstream processing market will help companies and investors design strategic landscapes.
Chromatography systems was the largest segment with a revenue share of 40.12% in 2023. Horizon Databook has segmented the Latin America downstream processing market based on chromatography systems, filters, evaporators, centrifuges, dryers covering the revenue growth of each sub-segment from 2018 to 2030.
With improving GDP, the Latin America region is anticipated to emerge as a significant market for contract service providers. Increased adoption of bioprocessing technology by contract service providers is anticipated to play a key role in reshaping the market landscape in this region.
Furthermore, presence of international companies, such as Catalent, Inc., in Latin American countries, is expected to boost the growth of this regional market in the coming years. Moreover, global firms such as Sartorius Stedim Biotech are engaged in serving this region by development and distribution of bioprocess solutions in Latin American countries.
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Our clientele includes a mix of downstream processing 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 downstream processing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America downstream processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America downstream processing market size, by country, 2018-2030 (US$M)
Latin America Downstream Processing Market Outlook Share, 2023 & 2030 (US$M)
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