Middle East & Africa Excipients Market Size & Outlook
Middle East & Africa excipients market, 2018-2030 (US$M)
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MEA excipients market highlights
- The MEA excipients market generated a revenue of USD 360.8 million in 2023.
- The market is expected to grow at a CAGR of 3.3% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 360.8 million |
| Market revenue in 2030 | USD 451.8 million |
| Growth rate | 3.3% (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, MEA region accounted for 3.6% 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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Middle East & Africa 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 Middle East & Africa excipients market based on polymers, alcohols, sugars, minerals, gelatin covering the revenue growth of each sub-segment from 2018 to 2030.
MEA excipients market is estimated to have lowest market penetration owing to low volumes of the domestic market and the lack of real competitive advantages in the region. However, presence of international excipients developing company’s distribution network in this region is expected to positively influence the growth of the market in MEA region in the near future.
In addition, presence of target population and need for the robust medicine as a consequence of disease epidemic in the region is expected to fuel the demand for growth of excipients market in the region.
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Target buyers of Middle East & Africa excipients market databook
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Our clientele includes a mix of 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA excipients market size, by country, 2018-2030 (US$M)
Middle East & Africa Excipients Market Outlook Share, 2023 & 2030 (US$M)
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