Latin America Plant-based Excipients Market Size & Outlook
Latin America plant-based excipients market, 2018-2030 (US$M)
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Latin America plant-based excipients market highlights
- The Latin America plant-based excipients market generated a revenue of USD 122.3 million in 2023.
- The market is expected to grow at a CAGR of 3.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 122.3 million |
| Market revenue in 2030 | USD 153.2 million |
| Growth rate | 3.3% (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, Latin America region accounted for 6.6% 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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Latin America 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 21.01% in 2023. Horizon Databook has segmented the Latin America 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.
Countries such as Brazil and Mexico have higher disposable incomes. This is expected to improve the demand for pharmaceuticals and subsequently create opportunities for the market. The region also suffers from a high burden of chronic diseases.
For instance, several surveys by various government and nonprofit organizations revealed that overall cancer mortality in Latin America is almost twice that of high-income countries. The high burden of chronic diseases like cancer is further expected to improve the demand for low-toxic excipients for treatment and thus support the market in Latin America.
In the region, a significant number of people live a vegan lifestyle. This is expected to lead to an improvement in adopting plant-based excipients in pharmaceuticals and thus support the market growth.
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Target buyers of Latin America 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 Latin America plant-based excipients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plant based excipients market size, by country, 2018-2030 (US$M)
Latin America Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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