Brazil Plant-based Excipients Market Size & Outlook
Brazil plant-based excipients market, 2018-2030 (US$M)
Related Markets
Brazil plant-based excipients market highlights
- The Brazil plant-based excipients market generated a revenue of USD 37.8 million in 2023 and is expected to reach USD 48.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.5% 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 37.8 million |
| Market revenue in 2030 | USD 48.0 million |
| Growth rate | 3.5% (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, Brazil accounted for 2.0% 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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Brazil 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 20.9% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil's aging population is expected to increase, leading to an increase in demand for treatments for various diseases, such as hypertension & oncology. Furthermore, nearly 21.5% of the population is obese, which is highly susceptible to diseases. This represents high opportunities for pharmaceuticals in the country and thus supports the demand for excipients in Brazil.
Many people in Brazil have adopted a vegan lifestyle due to the ill effects of animal products. For instance, according to a blog published by New York Times in 2020, the number of vegetarianism followers in Brazil doubled compared to that in 2015.
Such adoption of vegan, vegetarian, and healthy lifestyles is expected to improve the adoption of plant-based excipients in the country and thus promote the market. In 2017, Roquette announced its business expansion in Brazil with the acquisition of an excipient manufacturing facility of Itacel.
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Target buyers of Brazil 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 Brazil plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Brazil plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Brazil Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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