Asia Pacific Plant-based Excipients Market Size & Outlook
Asia Pacific plant-based excipients market, 2018-2030 (US$M)
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Asia Pacific plant-based excipients market highlights
- The Asia Pacific plant-based excipients market generated a revenue of USD 302.7 million in 2023.
- The market is expected to grow at a CAGR of 4.7% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 302.7 million |
| Market revenue in 2030 | USD 418.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Carbohydrates |
| Fastest growing segment | Carbohydrates |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 16.2% of the global plant-based excipients market in 2023.
- Globally, North America 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 418.1 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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Asia Pacific 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 21.11% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The Asia Pacific market is expected to grow at a lucrative rate owing to various factors, such as increasing healthcare reforms. Other factors contributing to the market growth are improving healthcare infrastructure, growing population, and a rising number of local companies entering the market.
Asia Pacific has a large population and a high prevalence of cancer. According to Global Cancer Statistics 2020, nearly half of all cases and around 58.3% of cancer deaths globally in 2020 occurred in Asia.
High prevalence of health risk factors, such as increasing alcohol & cigarette consumption, poor diet, and sedentary lifestyle, are contributing to the increasing prevalence of chronic diseases in the region. The growing demand for plant-based excipients to avoid animal products and also reduce the cost associated with the manufacturing of drugs is expected to create opportunities for market growth.
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Target buyers of Asia Pacific 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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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 Asia Pacific plant-based excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific plant based excipients market size, by country, 2018-2030 (US$M)
Asia Pacific Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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