Product Code: GVR-4-68040-082-3
Plant-based API Market Growth & Trends
The global plant-based API market size is expected to reach USD 44.65 billion by 2030, expanding at a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the plant based active pharmaceutical ingredient (API) market is attributable to the rising prevalence of chronic diseases and an increasing adoption of plant based products for development of medication owing to the high effectiveness associated with herbal products. For instance, taxol is found the most effective for cancer treatment., scopolamine is found to be effective for motion sickness and buprenorphine is best adopted for addiction treatments. These drugs are long being used for medicinal purposes in treatment of wide range of diseases.
A major driver for market growth is the enhancement of brain function due to the presence of secondary metabolites. Plant based API are widely used for modification of CNS functions. It is highly researched that most plant-based extracts and chemicals have greater efficacy in treating psychiatric disorders. Several extracts/phytochemicals are seen to provide promising results in treatment of various CNS disorders. However, the most dominant group of phytochemicals include alkaloids, terpenes, and phenolic compounds.
The surge in consumption of Ayurveda drugs or traditional medicines is further giving rise to increasing demand for natural plant ingredients and API. India has many small, medium, and large-scale manufacturers that are focusing on expanding their manufacturing capabilities for personal care and medicinal products. Moreover, the ayurvedic system of medicine has highly been focused on in India which makes it important for manufacturers to develop and satisfy the need of health care in the country. Furthermore, research in field of pharmaceuticals for formulation and development of novel plant based therapeutics. For instance, in May 2023, researchers at The University of Texas at San Antonio and Southwest Research Institute developed a method for artemisinin, a potent antimalarial drug that would aid in developing cost effective treatment for malaria.
Furthermore, key players involved in developing and formulating various plant based API are focusing on collaborations and partnerships to develop novel therapeutics and to maintain their competitive position in the market. In addition, increasing interest in plant based medicines owing to natural remedies offered by them is expected to boost the market over the forecast period. Moreover, a number of players are involved in geographic expansion and distribution to meet the rising demand for medicinal products. For instance, in April 2020, Brains Bioceutical Corp announced the approval from ANVISA to provide EU-GMP Phytochemical API to Brazil, for its first approved cannabis product.
Plant-based API Market Report Highlights
- Based on molecule type, alkaloids segment held largest revenue share in 2022 attributable to the increasing adoption of alkaloids in treatment of psychiatric disorders
- Based on end-user, nutraceuticals segment is expected to show fastest growth rate over the forecast period owing to high adoption of plant based API in production of nutraceuticals
- Pharmaceuticals segment dominated the market in 2022 attributable to the increasing research in field of medicine to incorporate herbal products
- Key players operating in the market are constantly focusing on geographical expansion and product launches to maintain their presence in the market
- North America held the largest market share in 2022 which can be attributed to the growing regulatory support and increase in interest in plant based medicine
- A few of the key market players include Roquette Freres, Arboris, Centroflora, BASF SE, Kothari Phytochemicals & Industries Ltd., Evonik Industries AG, Brains (Brains Bioceutical), Indo Phytochem Pharmaceuticals., HimPharm.com., Cargill, Incorporated.
Table of Contents
Chapter 1 Plant-Based Api 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
- 1.10 List Of Abbreviations
Chapter 2 Plant-Based Api Market: Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Plant-Based Api 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 Adoption Of Plant Extract Ingredients In The Pharmaceutical And Food & Beverage Industry
- 3.3.1.2 Rising Consumption Of Phytochemicals
- 3.3.1.3 Extensive R&D For Development Of Novel Products For Treatment Of Various Diseases
- 3.3.1.4 Growing Interest In Plant-Based Medicine
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 Insufficient Scientific Evidence To Determine The Safety And Efficacy
- 3.3.2.2 Quality Control-Related Issues
- 3.4 Swot Analysis, By Factor (Political & Legal, Economic And Technological)
- 3.5 Industry Analysis - Porter's
- 3.6 Reimbursement & Regulatory Scenario
- 3.7 Major Deals & Strategic Alliances
- 3.7.1 New Product Launch
- 3.7.2 Acquisition
- 3.7.3 Expansion
- 3.7.4 Partnerships
- 3.7.5 Marketing & Promotions
Chapter 4 Plant-Based Api Market: Competitive Landscape
- 4.1 Recent Developments & Impact Analysis, By Key Market Participants
- 4.2 Company Categorization
- 4.2.1 Innovators
- 4.2.1.1 Market Differentiators
- 4.3 Vendor Landscape
- 4.3.1 List Of Key Distributors And Channel Partners
- 4.3.2 Key Customers
- 4.3.3 Key Company Market Share Analysis, 2022
- 4.4 Public Companies
- 4.4.1 Competitive Dashboard Analysis
- 4.5 Private Companies
- 4.5.1 List Of Key Emerging Companies
- 4.6 Regional Network Map
Chapter 5 Plant-Based Api Market: Molecule Type Business Analysis
- 5.1 Definition And Scope
- 5.2 Molecule Type Market Share Analysis, 2022 & 2030
- 5.3 Global Plant-Based Api Market, By Molecule Type, 2018 To 2030
- 5.4 Plant-Based Api Market: Molecule Type Movement Analysis
- 5.5 Alkaloids
- 5.5.1 Alkaloids Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.6 Anthocyanins
- 5.6.1 Anthocyanins Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.7 Flavonoids
- 5.7.1 Flavonoids Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.8 Phenolic Acids
- 5.8.1 Phenolic Acids Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.9 Terpenoids
- 5.9.1 Terpenoids Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.10 Lignin And Stillbenes
- 5.10.1 Lignin And Stillbenes Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.11 Others
- 5.11.1 Others Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6 Plant-Based Api Market: End-Use Business Analysis
- 6.1 Definition And Scope
- 6.2 End-Use Market Share Analysis, 2022 & 2030
- 6.3 Global Plant-Based Api Market, By End-Use, 2018 To 2030
- 6.4 Plant-Based Api Market: End-Use Movement Analysis
- 6.5 Pharmaceuticals
- 6.5.1 Pharmaceuticals Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.6 Nutraceuticals
- 6.6.1 Nutraceuticals Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.7 Herbal-Based Industries
- 6.7.1 Herbal-Based Industries Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 7 Plant-Based Api Market: Regional Business Analysis
- 7.1 Definition & Scope
- 7.2 Regional Market Share Analysis, 2022 & 2030
- 7.3 Regional Market Dashboard
- 7.4 Regional Market Snapshot
- 7.5 Swot Analysis, By Factor (Political & Legal, Economic And Technological)
- 7.5.1 North America
- 7.5.2 Europe
- 7.5.3 Asia Pacific
- 7.5.4 Latin America
- 7.5.5 MEA
- 7.6 Market Size, & Forecasts, Trend Analysis, 2022 To 2030
- 7.7 North America
- 7.7.1 North America Plant-Based Api Market Estimates And Forecast, 2017 - 2030 (USD Million)
- 7.7.2 U.S.
- 7.7.2.1 U.S. Plant-Based Api Market, 2017 - 2030 (USD Million)
- 7.7.2.2 Key Country Dynamics
- 7.7.2.3 Regulatory Framework
- 7.7.2.4 Competitive Scenario
- 7.7.3 Canada
- 7.7.3.1 Canada Plant-Based Api Market, 2017 - 2030 (USD Million)
- 7.7.3.2 Key Country Dynamics
- 7.7.3.3 Regulatory Framework
- 7.7.3.4 Competitive Scenario
- 7.8 Europe
- 7.8.1 Europe Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.2 Uk
- 7.8.2.1 Uk Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.2.2 Key Country Dynamics
- 7.8.2.3 Regulatory Framework
- 7.8.2.4 Competitive Scenario
- 7.8.3 Germany
- 7.8.3.1 Germany Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.3.2 Key Country Dynamics
- 7.8.3.3 Regulatory Framework
- 7.8.3.4 Competitive Scenario
- 7.8.4 Spain
- 7.8.4.1 Spain Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.4.2 Key Country Dynamics
- 7.8.4.3 Regulatory Framework
- 7.8.4.4 Competitive Scenario
- 7.8.5 France
- 7.8.5.1 France Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.5.2 Key Country Dynamics
- 7.8.5.3 Regulatory Framework
- 7.8.5.4 Competitive Scenario
- 7.8.6 Italy
- 7.8.6.1 Italy Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.6.2 Key Country Dynamics
- 7.8.6.3 Regulatory Framework
- 7.8.6.4 Competitive Scenario
- 7.8.7 Norway
- 7.8.7.1 Norway Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.7.2 Regulatory Framework
- 7.8.7.3 Competitive Scenario
- 7.8.8 Denmark
- 7.8.8.1 Denmark Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.8.2 Key Country Dynamics
- 7.8.8.3 Regulatory Framework
- 7.8.8.4 Competitive Scenario
- 7.8.9 Sweden
- 7.8.9.1 Sweden Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.8.9.2 Key Country Dynamics
- 7.8.9.3 Regulatory Framework
- 7.8.9.4 Competitive Scenario
- 7.9 Asia Pacific
- 7.9.1 Asia Pacific Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.2 Japan
- 7.9.2.1 Japan Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.2.2 Key Country Dynamics
- 7.9.2.3 Regulatory Framework
- 7.9.2.4 Competitive Scenario
- 7.9.3 China
- 7.9.3.1 China Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.3.2 Key Country Dynamics
- 7.9.3.3 Regulatory Framework
- 7.9.3.4 Competitive Scenario
- 7.9.4 India
- 7.9.4.1 India Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.4.2 Key Country Dynamics
- 7.9.4.3 Regulatory Framework
- 7.9.4.4 Competitive Scenario
- 7.9.5 South Korea
- 7.9.5.1 South Korea Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.5.2 Key Country Dynamics
- 7.9.5.3 Regulatory Framework
- 7.9.5.4 Competitive Scenario
- 7.9.6 Thailand
- 7.9.6.1 Thailand Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.6.2 Key Country Dynamics
- 7.9.6.3 Regulatory Framework
- 7.9.6.4 Competitive Scenario
- 7.9.7 Australia
- 7.9.7.1 Australia Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.9.7.2 Key Country Dynamics
- 7.9.7.3 Regulatory Framework
- 7.9.7.4 Competitive Scenario
- 7.10 Latin America
- 7.10.1 Latin America Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.10.2 Brazil
- 7.10.2.1 Brazil Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.10.2.2 Key Country Dynamics
- 7.10.2.3 Regulatory Framework
- 7.10.2.4 Competitive Scenario
- 7.10.3 Mexico
- 7.10.3.1 Mexico Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.10.3.2 Key Country Dynamics
- 7.10.3.3 Regulatory Framework
- 7.10.3.4 Competitive Scenario
- 7.10.4 Argentina
- 7.10.4.1 Argentina Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.10.4.2 Key Country Dynamics
- 7.10.4.3 Regulatory Framework
- 7.10.4.4 Competitive Scenario
- 7.11 MEA
- 7.11.1 MEA Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.11.2 South Africa
- 7.11.2.1 South Africa Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.11.2.2 Key Country Dynamics
- 7.11.2.3 Regulatory Framework
- 7.11.2.4 Competitive Scenario
- 7.11.3 Saudi Arabia
- 7.11.3.1 Saudi Arabia Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.11.3.2 Key Country Dynamics
- 7.11.3.3 Regulatory Framework
- 7.11.3.4 Competitive Scenario
- 7.11.4 UAE
- 7.11.4.1 UAE Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.11.4.2 Key Country Dynamics
- 7.11.4.3 Regulatory Framework
- 7.11.4.4 Competitive Scenario
- 7.11.5 Kuwait
- 7.11.5.1 Kuwait Plant-Based Api Market, 2018 - 2030 (USD Million)
- 7.11.5.2 Key Country Dynamics
- 7.11.5.3 Regulatory Framework
- 7.11.5.4 Competitive Scenario
Chapter 8 Plant-Based Api Market: Company Profiling
- 8.1 Company Categorization
- 8.2 Strategy Mapping
- 8.2.1 New Product Launch
- 8.2.2 Partnerships
- 8.2.3 Acquisition
- 8.2.4 Collaboration
- 8.2.5 Funding
- 8.3 Key Company Market Share Analysis, 2022
- 8.4 Company Profiles
- 8.4.1 Roquette Freres
- 8.4.1.1 Company Overview
- 8.4.1.2 Financial Performance
- 8.4.1.3 Product Benchmarking
- 8.4.1.4 Strategic Initiatives
- 8.4.2 Arboris
- 8.4.2.1 Company Overview
- 8.4.2.2 Financial Performance
- 8.4.2.3 Product Benchmarking
- 8.4.2.4 Strategic Initiatives
- 8.4.3 Centroflora
- 8.4.3.1 Company Overview
- 8.4.3.2 Financial Performance
- 8.4.3.3 Product Benchmarking
- 8.4.3.4 Strategic Initiatives
- 8.4.4 Basf Se
- 8.4.4.1 Company Overview
- 8.4.4.2 Financial Performance
- 8.4.4.3 Product Benchmarking
- 8.4.4.4 Strategic Initiatives
- 8.4.5 Kothari Phytochemicals & Industries Ltd.
- 8.4.5.1 Company Overview
- 8.4.5.2 Financial Performance
- 8.4.5.3 Product Benchmarking
- 8.4.5.4 Strategic Initiatives
- 8.4.6 Evonik Industries Ag
- 8.4.6.1 Company Overview
- 8.4.6.2 Financial Performance
- 8.4.6.3 Product Benchmarking
- 8.4.6.4 Strategic Initiatives
- 8.4.7 Himpharm.Com.
- 8.4.7.1 Company Overview
- 8.4.7.2 Financial Performance
- 8.4.7.3 Product Benchmarking
- 8.4.7.4 Strategic Initiatives
- 8.4.8 Brains (Brains Bioceutical)
- 8.4.8.1 Company Overview
- 8.4.8.2 Financial Performance
- 8.4.8.3 Product Benchmarking
- 8.4.8.4 Strategic Initiatives
- 8.4.9 Indo Phytochem Pharmaceuticals
- 8.4.9.1 Company Overview
- 8.4.9.2 Financial Performance
- 8.4.9.3 Product Benchmarking
- 8.4.9.4 Strategic Initiatives
- 8.4.10 Cargill, Incorporated.
- 8.4.10.1 Company Overview
- 8.4.10.2 Financial Performance
- 8.4.10.3 Product Benchmarking
- 8.4.10.4 Strategic Initiatives