The Asia Pacific Plant-based API Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
Plant-based APIs are proving to be better than synthetic APIs. It is necessary to screen a large number of expression cassettes to find appropriate regulatory elements (such as promoters) that attain substantial amounts of product accumulation, a variety of product candidates to identify the most active and most amenable to manufacturing in plants, and sub-cellular compartment that ensures product integrity. Plants have a significant advantage in this regard because they can test a variety of potential products and expression cassettes simultaneously by simply injecting or infiltrating leaf sections with the help of a panel of Agrobacterium tumefaciens clones that contain each variant cassette as a component of the transferred DNA (T-DNA) in a binary transformation vector.
Since this process doesn't need transfection reagents, sterile conditions, or trained personnel, it can be carried out in any normal biosafety level 1 (BSL 1) laboratory anywhere in the region. This offers ease of production and allows many nations to develop their pharmaceutical industries.
The region has an expanding pharmaceutical sector. According to IBEF, the Indian pharmaceutical sector is anticipated to grow to $65 billion by 2024 and $130 billion by 2030. Currently, India's pharmaceutical business is about $50 billion. Over 200+ nations are covered by Indian pharmaceutical exports, making India a significant global supplier of pharmaceuticals. The average industrial production index for manufacturing medicines, medicinal chemicals, and botanical goods in 2021–2022 is 221.6, up 1.3% over the previous year. Compared to $24.44 billion in 2020–21, the export of pharmaceutical and medical products was $24.6 billion in 2021–22. Therefore, with the exponential development of the regional pharmaceutical industries, the market will have multiple growth opportunities.
The China market dominated the Asia Pacific Plant-based API Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,561.9 million by 2030. The Japan market is experiencing a CAGR of 6.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.4% during (2023 - 2030).
Based on End-use, the market is segmented into Pharmaceuticals, Nutraceuticals, and Herbal Based Industries & Others. Based on Molecule Type, the market is segmented into Alkaloids, Anthocyanin, Flavonoids, Phenolic Acids, Lignin & Stilbenes, Terpenoids, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Plant-based API Market is Projected to reach USD 42.6 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Evonik Industries AG (RAG-Stiftung), Cargill, Incorporated, Roquette Freres SA, Arboris, LLC, Centroflora Group, Kothari Phytochemicals & Industries Ltd., Brains Bioceutical Corp., Indo Phytochem Pharmaceuticals and HimPharm.
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Pharmaceuticals
- Nutraceuticals
- Herbal Based Industries & Others
By Molecule Type
- Alkaloids
- Anthocyanin
- Flavonoids
- Phenolic Acids
- Lignin & Stilbenes
- Terpenoids
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Evonik Industries AG (RAG-Stiftung)
- Cargill, Incorporated
- Roquette Freres SA
- Arboris, LLC
- Centroflora Group
- Kothari Phytochemicals & Industries Ltd.
- Brains Bioceutical Corp.
- Indo Phytochem Pharmaceuticals.
- HimPharm
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Plant-based API Market, by End-use
1.4.2 Asia Pacific Plant-based API Market, by Molecule Type
1.4.3 Asia Pacific Plant-based API Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Plant-based API Market by End-use
3.1 Asia Pacific Pharmaceuticals Market by Country
3.2 Asia Pacific Nutraceuticals Market by Country
3.3 Asia Pacific Herbal Based Industries & Others Market by Country
Chapter 4. Asia Pacific Plant-based API Market by Molecule Type
4.1 Asia Pacific Alkaloids Market by Country
4.2 Asia Pacific Anthocyanin Market by Country
4.3 Asia Pacific Flavonoids Market by Country
4.4 Asia Pacific Phenolic Acids Market by Country
4.5 Asia Pacific Lignin & Stilbenes Market by Country
4.6 Asia Pacific Terpenoids Market by Country
4.7 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Plant-based API Market by Country
5.1 China Plant-based API Market
5.1.1 China Plant-based API Market by End-use
5.1.2 China Plant-based API Market by Molecule Type
5.2 Japan Plant-based API Market
5.2.1 Japan Plant-based API Market by End-use
5.2.2 Japan Plant-based API Market by Molecule Type
5.3 India Plant-based API Market
5.3.1 India Plant-based API Market by End-use
5.3.2 India Plant-based API Market by Molecule Type
5.4 South Korea Plant-based API Market
5.4.1 South Korea Plant-based API Market by End-use
5.4.2 South Korea Plant-based API Market by Molecule Type
5.5 Singapore Plant-based API Market
5.5.1 Singapore Plant-based API Market by End-use
5.5.2 Singapore Plant-based API Market by Molecule Type
5.6 Malaysia Plant-based API Market
5.6.1 Malaysia Plant-based API Market by End-use
5.6.2 Malaysia Plant-based API Market by Molecule Type
5.7 Rest of Asia Pacific Plant-based API Market
5.7.1 Rest of Asia Pacific Plant-based API Market by End-use
5.7.2 Rest of Asia Pacific Plant-based API Market by Molecule Type
Chapter 6. Company Profiles
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Cargill, Incorporated
6.2.1 Company Overview
6.3 Evonik Industries AG (RAG-Stiftung)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.5.2 Acquisition and Mergers:
6.4 Roquette Freres SA
6.4.1 Company Overview
6.5 Arboris, LLC
6.5.1 Company Overview
6.6 Centroflora Group
6.6.1 Company Overview
6.7 Kothari Phytochemicals & Industries Ltd.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.8 Brains Bioceutical Corp.
6.8.1 Company Overview
6.9 Indo Phytochem Pharmaceuticals
6.9.1 Company Overview
6.10. HimPharm
6.10.1 Company Overview
TABLE 1 Asia Pacific Plant-based API Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Plant-based API Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Nutraceuticals Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Nutraceuticals Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Herbal Based Industries & Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Herbal Based Industries & Others Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Alkaloids Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Alkaloids Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Anthocyanin Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Anthocyanin Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Flavonoids Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Flavonoids Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Phenolic Acids Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Phenolic Acids Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Lignin & Stilbenes Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Lignin & Stilbenes Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Terpenoids Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Terpenoids Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Plant-based API Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Plant-based API Market by Country, 2023 - 2030, USD Million
TABLE 29 China Plant-based API Market, 2019 - 2022, USD Million
TABLE 30 China Plant-based API Market, 2023 - 2030, USD Million
TABLE 31 China Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 32 China Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 33 China Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 34 China Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 35 Japan Plant-based API Market, 2019 - 2022, USD Million
TABLE 36 Japan Plant-based API Market, 2023 - 2030, USD Million
TABLE 37 Japan Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 38 Japan Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 39 Japan Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 40 Japan Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 41 India Plant-based API Market, 2019 - 2022, USD Million
TABLE 42 India Plant-based API Market, 2023 - 2030, USD Million
TABLE 43 India Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 44 India Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 45 India Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 46 India Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 47 South Korea Plant-based API Market, 2019 - 2022, USD Million
TABLE 48 South Korea Plant-based API Market, 2023 - 2030, USD Million
TABLE 49 South Korea Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 50 South Korea Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 51 South Korea Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 52 South Korea Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 53 Singapore Plant-based API Market, 2019 - 2022, USD Million
TABLE 54 Singapore Plant-based API Market, 2023 - 2030, USD Million
TABLE 55 Singapore Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 56 Singapore Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 57 Singapore Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 58 Singapore Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 59 Malaysia Plant-based API Market, 2019 - 2022, USD Million
TABLE 60 Malaysia Plant-based API Market, 2023 - 2030, USD Million
TABLE 61 Malaysia Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 62 Malaysia Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 63 Malaysia Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 64 Malaysia Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 65 Rest of Asia Pacific Plant-based API Market, 2019 - 2022, USD Million
TABLE 66 Rest of Asia Pacific Plant-based API Market, 2023 - 2030, USD Million
TABLE 67 Rest of Asia Pacific Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 68 Rest of Asia Pacific Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 69 Rest of Asia Pacific Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 70 Rest of Asia Pacific Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 71 Key Information – BASF SE
TABLE 72 Key Information – Cargill, Incorporated
TABLE 73 Key Information – Evonik Industries AG
TABLE 74 key Information – Roquette Freres SA
TABLE 75 Key Information – Arboris, LLC
TABLE 76 Key Information – Centroflora Group
TABLE 77 Key Information – Kothari Phytochemicals & Industries Ltd.
TABLE 78 Key Information – Brains Bioceutical Corp.
TABLE 79 Key Information – Indo Phytochem Pharmaceuticals
TABLE 80 Key Information – HimPharm
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Plant-based API Market share by End-use, 2022
FIG 3 Asia Pacific Plant-based API Market share by End-use, 2030
FIG 4 Asia Pacific Plant-based API Market by End-use, 2019 - 2030, USD Million
FIG 5 Asia Pacific Plant-based API Market share by Molecule Type, 2022
FIG 6 Asia Pacific Plant-based API Market share by Molecule Type, 2030
FIG 7 Asia Pacific Plant-based API Market by Molecule Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Plant-based API Market share by Country, 2022
FIG 9 Asia Pacific Plant-based API Market share by Country, 2030
FIG 10 Asia Pacific Plant-based API Market by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: BASF SE