South Africa Plant-based Excipients Market Size & Outlook
South Africa plant-based excipients market, 2018-2030 (US$M)
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South Africa plant-based excipients market highlights
- The South Africa plant-based excipients market generated a revenue of USD 23.6 million in 2023 and is expected to reach USD 33.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.3% 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.
Plant-based excipients market data book summary
| Market revenue in 2023 | USD 23.6 million |
| Market revenue in 2030 | USD 33.8 million |
| Growth rate | 5.3% (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, South Africa 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 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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South Africa 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 20.76% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is the largest pharmaceutical market in Sub-Saharan Africa region. The high demand for generic prescription drugs and higher local pharmaceutical region are key factors improving the adoption of excipients in the country.
The country’s pharma sector is witnessing growth opportunities with the current development of local production capabilities. Apart from these, the rising geriatric population, supportive government legislation, and high prevalence of infectious diseases fuel the demand for pharmaceuticals in the country.
These factors are expected to improve the demand for excipients in pharmaceuticals, supporting the market growth. Excipients of animal origin can be toxic if not treated properly. It is essential to keep them free from microbes. This is expected to improve the demand for plant-based excipients as they pose a low risk and are more economical.
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Target buyers of South Africa 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 South Africa plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa plant based excipients market size, by chemical nature, 2018-2030 (US$M)
South Africa Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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