Saudi Arabia Plant-based Excipients Market Size & Outlook
Saudi Arabia plant-based excipients market, 2018-2030 (US$M)
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Saudi Arabia plant-based excipients market highlights
- The Saudi Arabia plant-based excipients market generated a revenue of USD 15.8 million in 2023 and is expected to reach USD 22.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.1% 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 15.8 million |
| Market revenue in 2030 | USD 22.4 million |
| Growth rate | 5.1% (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, Saudi Arabia accounted for 0.8% 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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Saudi Arabia 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 20.89% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia has the largest pharmaceutical market in the region. It has the largest economy in the Gulf Cooperation Council (GCC) in terms of population as well as Gross Domestic Product (GDP). The pharmaceutical industry in Saudi Arabia is primarily reliant on medicines imported from the U.S., Europe, China, and India.
Only 30% of medications sold in Saudi Arabia are manufactured locally. The government is encouraging investment in pharmaceutical production to manufacture at least 40% of the total drugs in the Saudi market as a result of the low level of pharmaceutical production.
Saudi Arabia has the highest pharmaceutical sales in the Middle East and North Africa (MENA) region over Egypt, Morocco, and the UAE. All these factors are expected to improve the demand for pharmaceutical excipients and support the market in Saudi Arabia.
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Target buyers of Saudi Arabia 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 Saudi Arabia plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Saudi Arabia Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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