Press release
Global Active Ingredients Market Highlighting Regional Revenue Share Dominance During Forecast of 2023
The global rise in population has triggered the demand for active ingredients in pharmaceutical applications. In addition, the growing demand for innovative therapeutics for the treatment of critical diseases such as cancer is expected to fuel the demand for active ingredients. The government approval on new pharmaceutical formulations is projected to witness growth in the pharmaceutical market.
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Furthermore, the growing demand for youth-centric products has increased the application of active ingredients, which is likely to generate potential growth opportunities. With the advent of research on specialty drugs and development in generic medicines, the market is expected to gain traction in pharmaceutical industries.
The increase in demand for anti-aging products is likely to result in the growth of the personal care segment. Limited availability and the high cost of raw materials are expected to hinder the market growth. However, change in lifestyle coupled with growth in beautification products is expected to raise the market demand and create lucrative opportunities.
Europe and North America have been the major market drivers for active ingredients owing to the increase in governmental focus on generic medications coupled with the demand for skin care products. The Asia-Pacific and LAMEA regions are expected to witness an increase in the demand for active ingredients owing to the increase in macroeconomic factors.
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Leading Market Players:
•BASF SE
•The Dow Chemicals Company
•Ashland Inc.
•Rhodia
•Du Pont
•Sumitomo Group
•Loral S.A.
•Beiersdorf AG
•Sederma Inc.
•Evonik Industries.
Key Benefits for Stakeholders:
•This report entails the detailed quantitative analysis of the current market and estimations from 2014 to 2022 that assist in identifying the prevailing market opportunities to capitalize on the global active ingredients market.
•In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to better understand market behavior.
•Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
•Porters Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
•Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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