India Plant-based Excipients Market Size & Outlook
India plant-based excipients market, 2018-2030 (US$M)
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India plant-based excipients market highlights
- The India plant-based excipients market generated a revenue of USD 43.5 million in 2023 and is expected to reach USD 64.8 million by 2030.
- The India market is expected to grow at a CAGR of 5.8% 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 43.5 million |
| Market revenue in 2030 | USD 64.8 million |
| Growth rate | 5.8% (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, India accounted for 2.3% 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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India 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 21.15% in 2023. Horizon Databook has segmented the India 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.
Globally, the Indian pharmaceutical industry ranks 3rd in production by volume and 14th by value. The country has a large number of GMP-compliant pharmaceutical production facilities that follow all FDA guidelines. The country exports pharmaceuticals to over 200 countries and is the 12th-largest exporter of pharmaceuticals globally.
The high number of drug exports from the country is due to the low cost of drugs as compared to other developed countries. The quality of pharmaceuticals in India is also high compared to other Asian countries.
The growing demand for low-cost drugs is expected to improve the adoption of plant-based excipients in the country. This is expected to drive competition among market players in India. Several market players are trying to improve their global presence by expanding their presence in the country.
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Target buyers of India 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 India plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into India plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India plant based excipients market size, by chemical nature, 2018-2030 (US$M)
India Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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