South Africa Excipients Market Size & Outlook, 2023-2030
South Africa excipients market, 2018-2030 (US$M)
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South Africa excipients market highlights
- The South Africa excipients market generated a revenue of USD 78.4 million in 2023 and is expected to reach USD 99.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.5% 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.
Excipients market data book summary
| Market revenue in 2023 | USD 78.4 million |
| Market revenue in 2030 | USD 99.8 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Polymers |
| Fastest growing segment | Alcohols |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.8% of the global 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 excipients market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 37.3 million by 2030.
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Excipients Market Scope
Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 45.54% in 2023. Horizon Databook has segmented the South Africa excipients market based on polymers, alcohols, sugars, minerals, gelatin covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa market of excipients is expected to witness considerable growth over the forecast period as a support from WHO to train local personnel in achieving compliance with stringent GMP standards for pharmaceutical excipients.
Moreover, medicine production facilities established in sub-Saharan Africa tend to have higher manufacturing costs when compared with other regions, which in turn, is expected to impede the market growth in the country to some extent.
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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 country-level data and insights on the South Africa excipients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa excipients market size, by product, 2018-2030 (US$M)
South Africa Excipients Market Outlook Share, 2023 & 2030 (US$M)
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