Kuwait Plant-based Excipients Market Size & Outlook
Kuwait plant-based excipients market, 2018-2030 (US$M)
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Kuwait plant-based excipients market highlights
- The Kuwait plant-based excipients market generated a revenue of USD 8.7 million in 2023 and is expected to reach USD 12.2 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 4.9% 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 8.7 million |
| Market revenue in 2030 | USD 12.2 million |
| Growth rate | 4.9% (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, Kuwait accounted for 0.5% 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 Middle East & Africa, South Africa plant-based excipients market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 33.8 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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Kuwait 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 20.69% in 2023. Horizon Databook has segmented the Kuwait 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 country is heavily dependent on drug imports. Owing to these reasons, the adoption of excipients in pharmaceuticals is limited in the country. Moreover, Kuwait being an Islamic country, there is a growing demand for halal-based pharmaceuticals. This is expected to boost the demand for plant-based excipients in the forecast period and improve the competition among the players in the market.
Tablets and capsules are some of the major forms of dosage form consumed. The majority of softgel capsules are prepared with animal-based gelatin. Animal-based gelatin can cause bovine spongiform encephalopathy.
Owing to this reason it is expected that plant-based gelatin capsules will be used in the country in the coming years owing to the risk associated with animal-based products. This is expected to improve the demand for plant-based gelatin in the market and support the market growth of Kuwait.
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Target buyers of Kuwait 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 Kuwait plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Kuwait Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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