by The plant-based API market size is poised to grow by USD 56.12 billion by 2032 from USD 30.12 billion in 2022, exhibiting a CAGR of 6.42% during the forecast period 2023-2032.
Key Takeaways
- North America led the global market with the largest revenue share of 36% in 2022.
- Asia Pacific is expected to expand at the fastest CAGR during the projected timeframe.
- By Molecule Type, the alkaloids segment captured more than 22% of revenue share in 2022.
- By End-use, the pharmaceuticals segment contributed more than 65% of revenue share in 2022.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Plant-based API market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Plant-based API Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Report Scope of the Plant-based API Market:
| Report Coverage | Details |
| Market Size in 2023 | USD 32.05 Billion |
| Market Size by 2032 | USD 56.12 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 6.42% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 To 2032 |
| Segments Covered | By Molecule Type and By End-use |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Conversational AI Market Size To Rake USD 86.42 Bn By 2032
The empirical study on the global Plant-based API market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Plant-based API Market. Our market report for the Plant-based API market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Top Key Players:
- Roquette Freres SA
- EVONIK Industries, AG
- Cargill, Inc.
- Novartis AG
- Sanofi SA
- Kothari Phytochemicals & Industries Ltd
- Centroflora Group
- Arboris, LLCs
- BASF SE
- GlaxoSmithKline, plc
Data Sources and Methodology
To gather comprehensive insights on the Global Plant-based API Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Plant-based API Market.
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- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Molecule Type
- Alkaloids
- Phenolic Acids
- Terpenoids
- Lignin & Stilbenes
- Anthocyanin
- Flavonoids
- Others
By End-use
- Pharmaceuticals
- Nutraceuticals
- Herbal Based Industries
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Plant-based API market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Plant-based API market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Plant-based API market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Plant-based API market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Plant-based API Market
5.1. COVID-19 Landscape: Plant-based API Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Plant-based API Market, By Molecule Type
8.1. Plant-based API Market Revenue and Volume, by Molecule Type, 2023-2032
8.1.1. Alkaloids
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Phenolic Acids
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Terpenoids
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Lignin & Stilbenes
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Anthocyanin
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
8.1.6. Flavonoids
8.1.6.1. Market Revenue and Volume Forecast (2020-2032)
8.1.6. Others
8.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Plant-based API Market, By End-use
9.1. Plant-based API Market Revenue and Volume, by End-use, 2023-2032
9.1.1. Pharmaceuticals
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Nutraceuticals
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Herbal Based Industries
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Plant-based API Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Molecule Type (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End-use (2020-2032)
Chapter 11. Company Profiles
11.1. Roquette Freres SA
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. EVONIK Industries, AG
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Cargill, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Novartis AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Sanofi SA
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Kothari Phytochemicals & Industries Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Centroflora Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Arboris, LLCs
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. BASF SE
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. GlaxoSmithKline, plc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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