Latin America Excipients Market Size & Outlook, 2023-2030
Latin America excipients market, 2018-2030 (US$M)
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Latin America excipients market highlights
- The Latin America excipients market generated a revenue of USD 681.0 million in 2023.
- The market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, polymers was the largest revenue generating product in 2023.
- Alcohols 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 681.0 million |
| Market revenue in 2030 | USD 894.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Polymers |
| Fastest growing segment | Alcohols |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymers, Alcohols, Sugars, Minerals, Gelatin |
| Key market players worldwide | Eastman Chemical Co, Procter & Gamble Co, Avantor Inc, Huntsman Corp, Basf SE, Ashland Inc, FMC Corp, The Lubrizol Corp, Bausch Health Companies Inc, JRS Pharma, Shin-Etsu Chemical Co Ltd, DFE Pharma, Actylis, Roquette America, Colorcon |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.9% of the global excipients market in 2023.
- Globally, Europe 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 2,723.7 million by 2030.
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Excipients Market Scope
Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 excipients market will help companies and investors design strategic landscapes.
Polymers was the largest segment with a revenue share of 45.62% in 2023. Horizon Databook has segmented the Latin America excipients market based on polymers, alcohols, sugars, minerals, gelatin covering the revenue growth of each sub-segment from 2018 to 2030.
With improving GDP growth and presence of untapped market potential in the region, Latin American countries, in particular Brazil, are expected to emerge as a promising market for the progress of excipients market.
Growth of local pharmaceutical industries is observed to bolster the need for improvement in excipients use in order to maintain the quality of drugs offered to the local markets, thereby driving market growth in this region.
IPEC underwent partnership with Sindusfarma (Brazil) and SaFybi (Argentina) for expansion of IPEC’s reach into Latin America that would allow the local drug manufacturing companies to participate in IPEC’s activities and to implement IPEC guidelines for improvement in use of excipients for better patient outcome.
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Our clientele includes a mix of excipients market companies, investment firms, advisory firms & academic institutions.
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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 Latin America excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America excipients market size, by country, 2018-2030 (US$M)
Latin America Excipients Market Outlook Share, 2023 & 2030 (US$M)
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