Mexico Plant-based Excipients Market Size & Outlook
Mexico plant-based excipients market, 2018-2030 (US$M)
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Mexico plant-based excipients market highlights
- The Mexico plant-based excipients market generated a revenue of USD 24.8 million in 2023 and is expected to reach USD 31.5 million by 2030.
- The Mexico 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 24.8 million |
| Market revenue in 2030 | USD 31.5 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, Mexico accounted for 1.3% 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 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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Mexico 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 20.97% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is the second-largest market in Latin America after Brazil for medicines, ranking as the world's 15th-largest market. Mexico has 400 pharmaceutical manufacturing facilities, the majority of which are located in the metropolis of Mexico City and the states of Jalisco, Mexico, Puebla, & Morelos.
Around 20 of the top 25 global pharmaceutical corporations are present in Mexico, making it unique in the world. Moreover, Mexico produces pharmaceuticals at the lowest costs among OECD nations, with production costs nearly 17.1% lower than that in the U.S. All the above-mentioned factors are expected to boost the demand for excipients and support the market growth.
Animal-based excipients can be toxic and require more sterilizations to be microbe-free. Moreover, these excipients can also lead to various diseases if not sterilized; this can be tedious and incur more costs.
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Target buyers of Mexico 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 Mexico plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Mexico Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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