Global Plant-based Api Market Size & Outlook, 2023-2030
Global plant-based api market, 2018-2030 (US$M)
Related Markets
Global plant-based api market highlights
- The global plant-based api market generated a revenue of USD 29,887.2 million in 2023 and is expected to reach USD 44,652.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.9% by 2030.
- In terms of segment, pharmaceuticals accounted for a revenue of USD 18,922.6 million in 2023.
- Nutraceuticals is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 29,887.2 million |
| Market revenue in 2030 | USD 44,652.6 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Nutraceuticals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceuticals, Nutraceuticals, Herbal Based Industries |
Other key industry trends
- In terms of revenue, the North America accounted for 34.1% of the global plant-based api market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 149.9 million by 2030.
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Plant-based API Market Scope
Plant-based API Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plant-based api 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 plant-based api market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 63.31% in 2023. Horizon Databook has segmented the Global plant-based api market based on pharmaceuticals, nutraceuticals, herbal based industries covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Plant-based API End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceuticals
- Nutraceuticals
- Herbal Based Industries
- Others
- Global Plant-based API Molecule Type Outlook (Revenue, USD Million, 2018-2030)
- Alkaloids
- Anthocyanins
- Flavonoids
- Phenolic Acids
- Terpenoids
- Lignans and Stilbenes
- Others
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Our clientele includes a mix of plant-based api market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global plant-based api market , including forecasts for subscribers. This global databook contains high-level insights into Global plant-based api market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global plant-based api market size, by regions, 2018-2030 (US$M)
Top 10 countries: Plant-based api market size, 2023 (US$M)
Global plant-based api market share, by end use, 2023 & 2030 (%, US$M)
Plant-based api market: Opportunity assessment by country
Global plant-based api market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7,677.7 | 8,090.9 | 8,507.5 | 9,010.9 | 9,548.3 | 10,182.6 | 10,854.7 | 11,537.7 | 12,268.4 | 13,058.8 | 13,900.1 | 14,731.2 | 15,427.5 | 6.1% |
| Europe | 5,241.7 | 5,539.0 | 5,840.3 | 6,203.1 | 6,591.2 | 7,048.5 | 7,503.1 | 7,963.9 | 8,427.7 | 8,927.8 | 9,466.5 | 9,994.1 | 10,426.4 | 5.8% |
| Asia Pacific | 6,714.4 | 7,103.7 | 7,499.0 | 7,974.2 | 8,483.1 | 9,082.3 | 9,684.0 | 10,295.4 | 10,993.3 | 11,750.1 | 12,570.6 | 13,389.4 | 14,092.4 | 6.5% |
| Latin America | 1,513.4 | 1,599.1 | 1,686.0 | 1,790.5 | 1,902.4 | 2,019.3 | 2,133.4 | 2,247.4 | 2,368.3 | 2,498.3 | 2,637.7 | 2,772.7 | 2,880.1 | 5.2% |
| MEA | 1,191.1 | 1,248.9 | 1,306.5 | 1,376.7 | 1,451.3 | 1,554.5 | 1,607.6 | 1,656.3 | 1,690.8 | 1,725.2 | 1,772.5 | 1,811.1 | 1,826.3 | 2.3% |
| Overall | 22,338.4 | 23,581.6 | 24,839.3 | 26,355.4 | 27,976.2 | 29,887.2 | 31,782.8 | 33,700.7 | 35,748.6 | 37,960.1 | 40,347.4 | 42,698.6 | 44,652.6 | 5.9% |
Related regional statistics
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