The North America Plant-based API Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).
The vital elements of medications in charge of their therapeutic effects are active pharmaceutical ingredients (APIs). These contain sophisticated chemical components that are in charge of eliciting the required physiological reaction. Both patented and non-patented medication formulations make use of APIs. Various industry-based goods, including APIs, can now be made from plant raw materials owing to the modern revolution in advanced technologies (such as genetic, metabolic, and enzymatic engineering). The market is expanding due to growing interest in and awareness of plant-based medicines, rising chronic illness prevalence, and expanding genomic and biotechnological research.
Canada is supporting the development of plant-based APIs similarly. In order to efficiently extract plant-based APIs, the country is focusing on developing new technologies. The Canadian government is funding researchers and starting to support the pharmaceutical sector, making the sector one of the most inventive businesses in Canada. It comprises businesses producing over-the-counter drug goods, generic medications, and novel treatments. According to the Government of Canada, with a 2.1% market share, pharmaceutical sales in Canada rank as the ninth-largest market in the world. Contract research organizations (CROs), government agencies, SMEs, academic institutions, and pharmaceutical companies are all participating in developing new drugs and drug candidates. Hence, the region presents lucrative growth prospects for market growth.
The US market dominated the North America Plant-based API Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,021 million by 2030. The Canada market is poised to grow at a CAGR of 6.9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Plant-based API Market, by End-use
1.4.2 North America Plant-based API Market, by Molecule Type
1.4.3 North America 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. North America Plant-based API Market by End-use
3.1 North America Pharmaceuticals Market by Country
3.2 North America Nutraceuticals Market by Country
3.3 North America Herbal Based Industries & Others Market by Country
Chapter 4. North America Plant-based API Market by Molecule Type
4.1 North America Alkaloids Market by Country
4.2 North America Anthocyanin Market by Country
4.3 North America Flavonoids Market by Country
4.4 North America Phenolic Acids Market by Country
4.5 North America Lignin & Stilbenes Market by Country
4.6 North America Terpenoids Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Plant-based API Market by Country
5.1 US Plant-based API Market
5.1.1 US Plant-based API Market by End-use
5.1.2 US Plant-based API Market by Molecule Type
5.2 Canada Plant-based API Market
5.2.1 Canada Plant-based API Market by End-use
5.2.2 Canada Plant-based API Market by Molecule Type
5.3 Mexico Plant-based API Market
5.3.1 Mexico Plant-based API Market by End-use
5.3.2 Mexico Plant-based API Market by Molecule Type
5.4 Rest of North America Plant-based API Market
5.4.1 Rest of North America Plant-based API Market by End-use
5.4.2 Rest of North America 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 North America Plant-based API Market, 2019 - 2022, USD Million
TABLE 2 North America Plant-based API Market, 2023 - 2030, USD Million
TABLE 3 North America Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 4 North America Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 5 North America Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Nutraceuticals Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Nutraceuticals Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Herbal Based Industries & Others Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Herbal Based Industries & Others Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 12 North America Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 13 North America Alkaloids Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Alkaloids Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Anthocyanin Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Anthocyanin Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Flavonoids Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Flavonoids Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Phenolic Acids Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Phenolic Acids Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Lignin & Stilbenes Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Lignin & Stilbenes Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Terpenoids Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Terpenoids Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Plant-based API Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Plant-based API Market by Country, 2023 - 2030, USD Million
TABLE 29 US Plant-based API Market, 2019 - 2022, USD Million
TABLE 30 US Plant-based API Market, 2023 - 2030, USD Million
TABLE 31 US Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 32 US Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 33 US Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 34 US Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 35 Canada Plant-based API Market, 2019 - 2022, USD Million
TABLE 36 Canada Plant-based API Market, 2023 - 2030, USD Million
TABLE 37 Canada Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 38 Canada Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 39 Canada Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 40 Canada Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 41 Mexico Plant-based API Market, 2019 - 2022, USD Million
TABLE 42 Mexico Plant-based API Market, 2023 - 2030, USD Million
TABLE 43 Mexico Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 44 Mexico Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 45 Mexico Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 46 Mexico Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 47 Rest of North America Plant-based API Market, 2019 - 2022, USD Million
TABLE 48 Rest of North America Plant-based API Market, 2023 - 2030, USD Million
TABLE 49 Rest of North America Plant-based API Market by End-use, 2019 - 2022, USD Million
TABLE 50 Rest of North America Plant-based API Market by End-use, 2023 - 2030, USD Million
TABLE 51 Rest of North America Plant-based API Market by Molecule Type, 2019 - 2022, USD Million
TABLE 52 Rest of North America Plant-based API Market by Molecule Type, 2023 - 2030, USD Million
TABLE 53 Key Information – BASF SE
TABLE 54 Key Information – Cargill, Incorporated
TABLE 55 Key Information – Evonik Industries AG
TABLE 56 key Information – Roquette Freres SA
TABLE 57 Key Information – Arboris, LLC
TABLE 58 Key Information – Centroflora Group
TABLE 59 Key Information – Kothari Phytochemicals & Industries Ltd.
TABLE 60 Key Information – Brains Bioceutical Corp.
TABLE 61 Key Information – Indo Phytochem Pharmaceuticals
TABLE 62 Key Information – HimPharm
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Plant-based API Market share by End-use, 2022
FIG 3 North America Plant-based API Market share by End-use, 2030
FIG 4 North America Plant-based API Market by End-use, 2019 - 2030, USD Million
FIG 5 North America Plant-based API Market share by Molecule Type, 2022
FIG 6 North America Plant-based API Market share by Molecule Type, 2030
FIG 7 North America Plant-based API Market by Molecule Type, 2019 - 2030, USD Million
FIG 8 North America Plant-based API Market share by Country, 2022
FIG 9 North America Plant-based API Market share by Country, 2030
FIG 10 North America Plant-based API Market by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: BASF SE