Plant-based Excipients Market Size, Share & Trends Analysis Report By Chemical Nature (Carbohydrates, Proteins, Polymers, Minerals), By Application, By Function (Binders & Diluents), By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global Plant-based Excipients market size was exhibited at USD 2.19 billion in 2022 and is projected to hit around USD 3.33 billion by 2032, growing at a CAGR of 4.29% during the forecast period 2023 to 2032.

Key Pointers:

  • The carbohydrates segment held the largest share of 21.19% of market in 2022.
  • The binders and diluents segment held the largest share of 20.8% of the market in 2022.
  • Film forming and coating agents are peojected to grow at a lucrative rate over the forecast period.
  • North America dominated themarket with largest market share of 38.6% in 2022
  • Asia Pacific is estimated to show the fastest growth in the market over the forecast period. 

Plant-based Excipients Market Report Scope

Report Coverage Details
Market Size in 2023 USD 2.28 Billion
Market Size by 2032 USD 3.33 Billion
Growth Rate From 2023 to 2032 CAGR of 4.29%
Base Year 2022
Segments Covered 2023 to 2032
Market Analysis (Terms Used) Chemical nature, Application and functions 
Regional Scope Value (US$ Million/Billion) or (Volume/Units)
Regional Scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Key Companies Profiled Roquette Frères; BASF Corporation; Lonza; DFE Pharma; Evonik; JRS PHARMA; Micro Powders Inc.; Henan Fumei Bio-Technology CO., LTD.; ADC; SpecializedRx; Cristalco

 

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.

Some of the prominent players in the Plant-based Excipients Market include:

  • Roquette Frères
  • BASF Corporation
  • Lonza
  • DFE Pharma
  • Evonik
  • JRS PHARMA
  • Micro Powders, Inc.
  • Henan Fumei Bio-Technology CO., LTD
  • ADC
  • SpecializedRx
  • Cristalco

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Plant-based Excipients market.

By Chemical Nature 

  • Carbohydrates
  • Proteins
  • Polymers
  • Minerals
  • Glycoside & Waxes
  • Esters
  • Ethers & Carboxylic Acids
  • Others

By Applications and Function 

  • Binders & Diluents
  • Glidants
  • Lubricants & Disintegrants
  • Film Forming & Coating Agents
  • Plasticizers
  • Suspending Agents
  • Preservatives & Antioxidants
  • Colorants & Flavoring Agents

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global plant-based excipients market size was exhibited at USD 2.19 billion in 2022 and is projected to hit around USD 3.33 billion by 2032

The global plant-based excipients market is expected to grow at a compound annual growth rate of 4.29% from 2023 to 2032

Some key players operating in the plant-based excipients market include Roquette Frères, BASF Corporation, Lonza, DFE Pharma, Evonik, JRS PHARMA, Micro Powders, Inc., Henan Fumei Bio-Technology CO., LTD., ADC, SpecializedRx, Cristalco.

Key factors that are driving the market growth include 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.

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 Nova One Advisor 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 & 2032
                   4.3 Global Plant-Based Excipients Market, By Chemical Nature, 2023 To 2032
                   4.4 Plant-Based Excipients Market: Treatment Type Movement Analysis
                   4.5 Carbohydrates
                       4.5.1 Carbohydrates Market Estimates And Forecast, 2023 - 2032
                   4.6 Proteins
                       4.6.1 Proteins Market Estimates And Forecast, 2023 - 2032
                   4.7 Polymers
                       4.7.1 Polymers Market Estimates And Forecast, 2023 - 2032
                   4.8 Minerals
                       4.8.1 Minerals Market Estimates And Forecast, 2023 - 2032
                   4.9 Glycoside & Waxes
                       4.9.1 Glycoside & Waxes Market Estimates And Forecast, 2023 - 2032
                   4.10 Esters
                       4.10.1 Esters Market Estimates And Forecast, 2023 - 2032
                   4.11 Ethers & Carboxylic Acids
                       4.11.1 Ethers & Carboxylic Acids Market Estimates And Forecast, 2023 - 2032
                   4.12 Others
                       4.12.1 Others Market Estimates And Forecast, 2023 - 2032
Chapter 5 Plant-Based Excipients Market: Application And Functions Business Analysis
                   5.1 Definition And Scope
                   5.2 Chemical Nature Market Share Analysis, 2022 & 2032
                   5.3 Global Plant-Based Excipients Market, By Application And Functions, 2023 To 2032
                   5.4 Plant-Based Excipients Market: Application And Functions Movement Analysis
                   5.5 Binders & Diluents
                       5.5.1 Binders & Diluents Market Estimates And Forecast, 2023 - 2032
                   5.6 Lubricants & Disintegrants
                       5.5.1 Lubricants & Disintegrants Market Estimates And Forecast, 2023 - 2032
                   5.7 Film Forming & Coating Agents
                       5.7.1 Film Forming & Coating Agents Market Estimates And Forecast, 2023 - 2032
                   5.8 Plasticizers
                       5.8.1 Plasticizers Market Estimates And Forecast, 2023 - 2032
                   5.9 Suspending Agents
                       5.9.1 Suspending Agents Market Estimates And Forecast, 2023 - 2032
                   5.10 Preservatives & Antioxidants
                       5.10.1 Preservatives & Antioxidants Market Estimates And Forecast, 2023 - 2032
                   5.11 Colorants & Flavoring Agents
                       5.11.1 Colorants & Flavoring Agents Market Estimates And Forecast, 2023 - 2032
Chapter 6 Plant-Based Excipients Market: Regional Business Analysis
                   6.1 Definition & Scope
                   6.2 Regional Market Share Analysis, 2022 & 2032
                   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 2032
                   6.7 North America
                       6.7.1 North America Plant-Based Excipients Market Estimates And Forecast, 2023 - 2032
                       6.7.2 U.S.
                           6.7.2.1 U.S. Plant-Based Excipients Market, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                       6.8.2 U.K.
                           6.8.2.1 U.K. Plant-Based Excipients Market, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                       6.9.2 Japan
                           6.9.2.1 Japan Plant-Based Excipients Market, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                       6.10.2 Brazil
                           6.10.2.1 Brazil Plant-Based Excipients Market, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                       6.11.2 South Africa
                           6.11.2.1 South Africa Plant-Based Excipients Market, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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, 2023 - 2032
                           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 FRÈRES
                           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
                           7.1.2.1 Company Overview
                           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

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