Australia Plant-based Excipients Market Size & Outlook
Australia plant-based excipients market, 2018-2030 (US$M)
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Australia plant-based excipients market highlights
- The Australia plant-based excipients market generated a revenue of USD 28.1 million in 2023 and is expected to reach USD 39.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.1% 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 28.1 million |
| Market revenue in 2030 | USD 39.8 million |
| Growth rate | 5.1% (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, Australia accounted for 1.5% 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 Asia Pacific, Japan plant-based excipients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 64.8 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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Australia 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% in 2023. Horizon Databook has segmented the Australia 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.
Nutrition Australia states that a plant-based diet reduces the risk of cancer, type 2 diabetes, and other chronic diseases. This is expected to further improve the demand for plant-based excipients in Australia and thus support market growth.
Moreover, animal-based excipients have a high risk of getting contaminated. This may also increase cost of the drug. In addition, plant-based excipients are economical, which is expected to improve their presence in Australia owing to the growing trend of veganism in the country.
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Target buyers of Australia 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 country-level data and insights on the Australia plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Australia plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Australia Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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