Product Code: GVR-4-68040-051-2
Plant-based Excipients Market Growth & Trends:
The global plant-based excipients market size is expected to reach USD 2.50 Billion by 2030, expandingat a CAGR of 4.28% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the plant-based excipients market is attributed to the supportive initiatives by regulatory authorities to bring new excipients into the market and an increase in the R&D activities for new plant-based excipients are some major factors supporting market growth.
Growing innovations in animal-free substitutes in vegetarian pharmaceuticals have attracted the attention of vegetarian and vegan consumers. For instance, in March 2022, Paraveganio is the first medicinal product in the world to be registered with the Vegan Society's Vegan Trademark. It is the world's first medicine to be certified to contain no animal-derived products. Paraveganio is a paracetamol product manufactured by Axunio and uses a plant-based source of the excipient magnesium stearate.
In September 2022, the U.S. FDA launched the Pilot Program for the Review of Innovation and Modernization of Excipients. The program emphasized creating a new pathway for manufacturers to obtain FDA review of novel excipients before their use in drug formulations. Through this program, the U.S. FDA intends to improve the development of excipient molecules to support the manufacturers. This is expected to improve the number of plant-based excipients entering the U.S. market in the coming years.
Governments in the MEA region have taken various initiatives to raise awareness about various diseases, especially infectious diseases and lifestyle diseases. This is expected to improve the adoption of pharmaceuticals, thus promoting the use of excipients in the region. There is a growing demand for halal products in the MEA region, as Islamic population does not eat pork. Owing to this reason, it is expected that the adoption of plant-based excipient products is likely to rise in MEA and thus support regional market growth.
Growing R&D for new methods and techniques for production of plant-based excipients has enhanced the manufacturer research activities with active areas of investigation. For instance, in March 2022, Evonik had increased plant-derived cholesterol supply, one of the critical components for the production of gene therapies & mRNA vaccines. The large-scale production of PhytoChol will meet the cholesterol market demand in Germany. This lipid is the key excipient in lipid nanoparticles used in COVID-19 vaccines.
Plant-based Excipients Market Report Highlights:
- The carbohydrates segment dominated the overall market in 2022 as they possess characteristics such as water solubility, swelling capacity, non-toxicity, and biodegradability. These carbohydrates are widely used in tablet preparations
- The binders and diluents segment held the largest revenue share in 2022 and is expected to show the fastest growth rate over the forecast period. Binders are aimed at providing the necessary mechanical strength
- North America held the largest share of the plant-based excipients market in 2022 which can be attributed to the rising awareness among the population regarding health and advantages offered by natural excipients, such as non-toxicity, high affordability, and easy availability, are further driving the growth of the regional market
Table of Contents
Chapter 1 Plant-Based Excipients Market: Methodology And Scope
- 1.1 Market Segmentation
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information Or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.1.2 Approach 2: Country Wise Market Estimation Using Bottom Up Approach
- 1.6.1.3 Approach 2: Country Wise Market Estimation Using Top Down Approach
- 1.7 Global Market: Cagr Calculation
- 1.8 List Of Secondary Sources
- 1.9 Objectives
- 1.9.1 Objective 1:
- 1.9.2 Objective 2:
- 1.11 List Of Abbreviations
Chapter 2 Plant-Based Excipients Market: Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Plant-Based Excipients Market: Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Lineage Outlook
- 3.1.2 Related/Ancillary Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Market Dynamics
- 3.3.1 Market Drivers
- 3.3.1.1 Increasing In Demand For Vegetarian, Halal, Kosher Pharmaceutical
- 3.3.1.2 Accelerating R&D For Plant-Based Excipiens
- 3.3.1.3 Rising Movement Of Market Players
- 3.3.1.4 Demand For Novel Excipients
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 Lack Of Alternatives To Standard Products
- 3.3.2.2 Stringent Regulatory Framework
- 3.3.3 Consumer Survey Analysis
- 3.4 Swot Analysis, By Factor (Political & Legal, Economic And Technological)
- 3.5 Industry Analysis - Porter's
- 3.6 Reimbursement & Regulatory Scenario
Chapter 4 Plant-Based Excipients Market: Chemical Nature Business Analysis
- 4.1 Definition And Scope
- 4.2 Chemical Nature Market Share Analysis, 2022 & 2030
- 4.3 Global Plant-Based Excipients Market, By Chemical Nature, 2018 To 2030
- 4.4 Plant-Based Excipients Market: Treatment Type Movement Analysis
- 4.5 Carbohydrates
- 4.5.1 Carbohydrates Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.6 Proteins
- 4.6.1 Proteins Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.7 Polymers
- 4.7.1 Polymers Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.8 Minerals
- 4.8.1 Minerals Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.9 Glycoside & Waxes
- 4.9.1 Glycoside & Waxes Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.10 Esters
- 4.10.1 Esters Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.11 Ethers & Carboxylic Acids
- 4.11.1 Ethers & Carboxylic Acids Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 4.12 Others
- 4.12.1 Others Market Estimates And Forecast, 2018 - 2030 (Usd Million)
Chapter 5 Plant-Based Excipients Market: Application And Functions Business Analysis
- 5.1 Definition And Scope
- 5.2 Chemical Nature Market Share Analysis, 2022 & 2030
- 5.3 Global Plant-Based Excipients Market, By Application And Functions, 2018 To 2030
- 5.4 Plant-Based Excipients Market: Application And Functions Movement Analysis
- 5.5 Binders & Diluents
- 5.5.1 Binders & Diluents Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.6 Lubricants & Disintegrants
- 5.5.1 Lubricants & Disintegrants Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.7 Film Forming & Coating Agents
- 5.7.1 Film Forming & Coating Agents Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.8 Plasticizers
- 5.8.1 Plasticizers Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.9 Suspending Agents
- 5.9.1 Suspending Agents Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.10 Preservatives & Antioxidants
- 5.10.1 Preservatives & Antioxidants Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 5.11 Colorants & Flavoring Agents
- 5.11.1 Colorants & Flavoring Agents Market Estimates And Forecast, 2018 - 2030 (Usd Million)
Chapter 6 Plant-Based Excipients Market: Regional Business Analysis
- 6.1 Definition & Scope
- 6.2 Regional Market Share Analysis, 2022 & 2030
- 6.3 Regional Market Dashboard
- 6.4 Regional Market Snapshot
- 6.5 Swot Analysis, By Factor (Political & Legal, Economic And Technological)
- 6.5.1 North America
- 6.5.2 Europe
- 6.5.3 Asia Pacific
- 6.5.4 Latin America
- 6.5.5 MEA
- 6.6 Market Size, & Forecasts, Trend Analysis, 2022 To 2030
- 6.7 North America
- 6.7.1 North America Plant-Based Excipients Market Estimates And Forecast, 2018 - 2030 (Usd Million)
- 6.7.2 U.S.
- 6.7.2.1 U.S. Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.7.2.2 Key Country Dynamics
- 6.7.2.3 Regulatory Framework
- 6.7.2.4 Competitive Scenario
- 6.7.3 CANADA
- 6.7.3.1 Canada Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.7.3.2 Key Country Dynamics
- 6.7.3.3 Regulatory Framework
- 6.7.3.4 Competitive Scenario
- 6.8 Europe
- 6.8.1 Europe Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.8.2 U.K.
- 6.8.2.1 U.K. Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.8.2.2 Key Country Dynamics
- 6.8.2.3 Regulatory Framework
- 6.8.2.4 Competitive Scenario
- 6.8.3 Germany
- 6.8.3.1 Germany Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.3.2 Key Country Dynamics
- 6.8.3.3 Regulatory Framework
- 6.8.3.4 Competitive Scenario
- 6.8.4 Spain
- 6.8.4.1 Spain Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.4.2 Key Country Dynamics
- 6.8.4.3 Regulatory Framework
- 6.8.4.4 Competitive Scenario
- 6.8.5 France
- 6.8.5.1 France Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.5.2 Key Country Dynamics
- 6.8.5.3 Regulatory Framework
- 6.8.5.4 Competitive Scenario
- 6.8.6 Italy
- 6.8.6.1 Italy Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.6.2 Key Country Dynamics
- 6.8.6.3 Regulatory Framework
- 6.8.6.4 Competitive Scenario
- 6.8.7 Norway
- 6.8.7.1 Norway Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.7.3 Regulatory Framework
- 6.8.7.4 Competitive Scenario
- 6.8.8 Denmark
- 6.8.8.1 Denmark Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.8.2 Key Country Dynamics
- 6.8.8.3 Regulatory Framework
- 6.8.8.4 Competitive Scenario
- 6.8.9 Sweden
- 6.8.9.1 Sweden Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.9.2 Key Country Dynamics
- 6.8.9.3 Regulatory Framework
- 6.8.9.4 Competitive Scenario
- 6.8.10 Rest Of Europe
- 6.8.10.1 Rest Of Europe Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.8.10.2 Key Country Dynamics
- 6.8.10.3regulatory Framework
- 6.8.10.4 Competitive Scenario
- 6.9 Asia Pacific
- 6.9.1 Asia Pacific Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.2 Japan
- 6.9.2.1 Japan Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.2.2 Key Country Dynamics
- 6.9.2.3 Regulatory Framework
- 6.9.2.4 Competitive Scenario
- 6.9.3 China
- 6.9.3.1 China Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.3.2 Key Country Dynamics
- 6.9.3.3 Regulatory Framework
- 6.9.3.4 Competitive Scenario
- 6.9.4 India
- 6.9.4.1 India Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.4.2 Key Country Dynamics
- 6.9.4.3 Regulatory Framework
- 6.9.4.4 Competitive Scenario
- 6.9.5 South Korea
- 6.9.5.1 South Korea Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.5.2 Key Country Dynamics
- 6.9.5.3 Regulatory Framework
- 6.9.5.4 Competitive Scenario
- 6.9.6 Thailand
- 6.9.6.1 Thailand Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.6.2 Key Country Dynamics
- 6.9.6.3 Regulatory Framework
- 6.9.6.4 Competitive Scenario
- 6.9.7 Australia
- 6.9.7.1 Australia Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.7.2 Key Country Dynamics
- 6.9.7.3 Regulatory Framework
- 6.9.7.4 Competitive Scenario
- 6.9.8 Rest Of Asia Pacific
- 6.9.8.1 Australia Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.9.8.2 Key Country Dynamics
- 6.9.8.3 Regulatory Framework
- 6.9.8.4 Competitive Scenario
- 6.10 Latin America
- 6.10.1 Latin America Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.10.2 Brazil
- 6.10.2.1 Brazil Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.10.2.2 Key Country Dynamics
- 6.10.2.3 Regulatory Framework
- 6.10.2.4 Competitive Scenario
- 6.10.3 Mexico
- 6.10.3.1 Mexico Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.10.3.2 Key Country Dynamics
- 6.10.3.3 Regulatory Framework
- 6.10.3.4 Competitive Scenario
- 6.10.4 Argentina
- 6.10.4.1 Argentina Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.10.4.2 Key Country Dynamics
- 6.10.4.3 Regulatory Framework
- 6.10.4.4 Competitive Scenario
- 6.10.5 Rest Of Latin America
- 6.10.5.1 Australia Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.10.5.2 Key Country Dynamics
- 6.10.5.3 Regulatory Framework
- 6.10.5.4 Competitive Scenario
- 6.11 MEA
- 6.11.1 MEA Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.2 South Africa
- 6.11.2.1 South Africa Plant-Based Excipients Market, 2018 - 2030 (Usd Million)
- 6.11.2.2 Key Country Dynamics
- 6.11.2.3 Regulatory Framework
- 6.11.2.4 Competitive Scenario
- 6.11.3 Saudi Arabia
- 6.11.3.1 Saudi Arabia Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.3.2 Key Country Dynamics
- 6.11.3.3 Regulatory Framework
- 6.11.3.4 Competitive Scenario
- 6.11.4 UAE
- 6.11.4.1 UAE Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.4.2 Key Country Dynamics
- 6.11.4.3 Regulatory Framework
- 6.11.4.4 Competitive Scenario
- 6.11.5 Kuwait
- 6.11.5.1 Kuwait Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.5.2 Key Country Dynamics
- 6.11.5.3 Regulatory Framework
- 6.11.5.4 Competitive Scenario
- 6.11.6 Rest of Middle East and Africa
- 6.11.6.1 Kuwait Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.6.2 Key Country Dynamics
- 6.11.6.3 Regulatory Framework
- 6.11.6.4 Competitive Scenario
- 6.11.7 REST OF MEA
- 6.11.7.1 Australia Plant-Based Excipients Market, 2018 - 2030 (USD Million)
- 6.11.7.2 Key Country Dynamics
- 6.11.7.3 Regulatory Framework
- 6.11.7.4 Competitive Scenario
Chapter 7 Plant-Based Excipients Market: Company Profiling
- 7.1 Company Profiles
- 7.1.1 ROQUETTE FRERES
- 7.1.1.1 Company Overview
- 7.1.1.2 Financial Performance
- 7.1.1.3 Product Benchmarking
- 7.1.1.4 Strategic Initiatives
- 7.1.2 BASF CORPORATION
- 7.1.2 2.Financial Performance
- 7.1.2.3 Product Benchmarking
- 7.1.2.4 Strategic Initiatives
- 7.1.3 LONZA
- 7.1.3.1 Company Overview
- 7.1.3.2 Financial Performance
- 7.1.3.3 Product Benchmarking
- 7.1.3.4 Strategic Initiatives
- 7.1.4 PHARMA EVONIK
- 7.1.4.1 Company Overview
- 7.1.4.2 Financial Performance
- 7.1.4.3 Product Benchmarking
- 7.1.4.4 Strategic Initiatives
- 7.1.5 JRS PHARMA
- 7.1.5.1 Company Overview
- 7.1.5.2 Financial Performance
- 7.1.5.3 Product Benchmarking
- 7.1.5.4 Strategic Initiatives
- 7.1.6 MICRO POWDERS, INC.
- 7.1.6.1 Company Overview
- 7.1.6.2 Financial Performance
- 7.1.6.3 Product Benchmarking
- 7.1.6.4 Strategic Initiatives
- 7.1.7 HENAN FUMEI BIO-TECHNOLOGY CO., LTD
- 7.1.7.1 Company Overview
- 7.1.7.2 Financial Performance
- 7.1.7.3 Product Benchmarking
- 7.1.7.4 Strategic Initiatives
- 7.1.8 ADC
- 7.1.8.1 Company Overview
- 7.1.8.2 Financial Performance
- 7.1.8.3 Product Benchmarking
- 7.1.8.4 Strategic Initiatives
- 7.1.9 SPECIALIZEDRX
- 7.1.9.1 Company Overview
- 7.1.9.2 Financial Performance
- 7.1.9.3 Product Benchmarking
- 7.1.9.4 Strategic Initiatives
- 7.1.10 CRISTALCO
- 7.1.10.1 Company Overview
- 7.1.10.2 Financial Performance
- 7.1.10.3 Product Benchmarking
- 7.1.10.4 Strategic Initiatives
- 7.2 Company Categorization
- 7.3 Company Market Share Analysis, 2022
- 7.4 Company Heat Map Analysis
- 7.5 Strategy Analysis
- 7.6 Analyst Perspective: Plant-Based Excipients Market