Argentina Plant-based Excipients Market Size & Outlook
Argentina plant-based excipients market, 2018-2030 (US$M)
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Argentina plant-based excipients market highlights
- The Argentina plant-based excipients market generated a revenue of USD 15.1 million in 2023 and is expected to reach USD 18.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, carbohydrates was the largest revenue generating chemical nature in 2023.
- Carbohydrates is the most lucrative chemical nature segment registering the fastest growth during the forecast period.
Plant-based excipients market data book summary
| Market revenue in 2023 | USD 15.1 million |
| Market revenue in 2030 | USD 18.9 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Carbohydrates |
| Fastest growing segment | Carbohydrates |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbohydrates, Proteins, Polymers, Minerals, Glycoside & Waxes, Esters, Ethers & Carboxylic Acids, Other Chemical Natures |
| Key market players worldwide | Basf SE, Lonza Group Ltd, Evonik Industries AG, Roquette America, JRS Pharma, Micro Powders, Fumeipharm, Cristalco |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global plant-based excipients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil plant-based excipients market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 31.5 million by 2030.
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Plant-based Excipients Market Scope
Plant-based Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina plant-based 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 plant-based excipients market will help companies and investors design strategic landscapes.
Carbohydrates was the largest segment with a revenue share of 21.19% in 2023. Horizon Databook has segmented the Argentina plant-based excipients market based on carbohydrates, proteins, polymers, minerals, glycoside & waxes, esters, ethers & carboxylic acids, other chemical natures covering the revenue growth of each sub-segment from 2018 to 2030.
A significant number of people in Argentina are vegetarians, and the growing awareness among the people in Argentina about the health risks associated with animal products is expected to create opportunities for market growth.
Moreover, as per the estimates of Veg economist, over 40 million people are vegetarians, and in the coming years, the number is expected to rise owing to the high burden of chronic diseases in the country. These factors are likely to promote the demand for plant-based excipients and the market growth of Argentina.
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Target buyers of Argentina plant-based excipients market databook
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Our clientele includes a mix of plant-based 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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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Argentina plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Argentina Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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