South Korea Plant-based Api Market Size & Outlook
South Korea plant-based api market, 2018-2030 (US$M)
Related Markets
South Korea plant-based api market highlights
- The South Korea plant-based api market generated a revenue of USD 1,266.6 million in 2023 and is expected to reach USD 1,987.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating end use in 2023.
- Nutraceuticals is the most lucrative end use segment registering the fastest growth during the forecast period.
Plant-based api market data book summary
| Market revenue in 2023 | USD 1,266.6 million |
| Market revenue in 2030 | USD 1,987.6 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Nutraceuticals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceuticals, Nutraceuticals, Herbal Based Industries |
| Key market players worldwide | Basf SE, Evonik Industries AG, Cargill, Kothari Petrochemicals, Brains Bioceutical, Indo Phytochem Pharmaceuticals, Hempharm, Roquette America, Arboris, Givaudan SA |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.2% of the global plant-based api market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plant-based api market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,659.6 million by 2030.
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Plant-based API Market Scope
Plant-based API Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 63.3% in 2023. Horizon Databook has segmented the South Korea plant-based api market based on pharmaceuticals, nutraceuticals, herbal based industries covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Plant-based API End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceuticals
- Nutraceuticals
- Herbal Based Industries
- Others
- South Korea 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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Target buyers of South Korea plant-based api market databook
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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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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 country-level data and insights on the South Korea plant-based api market , including forecasts for subscribers. This country databook contains high-level insights into South Korea plant-based api market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea plant-based api market size, by end use, 2018-2030 (US$M)
South Korea Plant-based API Market Outlook Share, 2023 & 2030 (US$M)
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