Norway Plant-based Excipients Market Size & Outlook
Norway plant-based excipients market, 2018-2030 (US$M)
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Norway plant-based excipients market highlights
- The Norway plant-based excipients market generated a revenue of USD 23.6 million in 2023 and is expected to reach USD 32.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 4.8% 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 23.6 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 4.8% (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, Norway 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 Europe, Germany plant-based excipients market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 190.6 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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Norway 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 21.19% in 2023. Horizon Databook has segmented the Norway 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 growth of the market can mainly be attributed to the rising geriatric population, as Norwegians live longer and healthier lives than their European counterparts. Norway is a highly developed and very well-organized nation. Its healthcare spending accounts for around 10.5% of GDP per capita above the EU average of 9.8%.
These factors indicate that there is an increase in production and demand for pharmaceuticals in the country. This is likely to improve the demand for new-age excipients, such as plant-based excipients, to reduce the toxicity related to synthetic excipients.
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Target buyers of Norway 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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Horizon Databook provides a detailed overview of country-level data and insights on the Norway plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Norway plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Norway Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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