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Natural APIs Market Size is Projected to Reach USD 57.5 billion by 2034, Garnering a 6.1% CAGR by 2034: Transparency Market Research Inc.
Natural APIs
Natural APIs Market (천연 API 시장) is expected to grow at a CAGR of 6.1% from 2024 to 2034 and reach US$ 57.5 Bn by the end of 2034
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Overview of Natural APIs Market
The global natural APIs market is experiencing significant growth, driven by the increasing demand for natural and organic products, advancements in extraction and purification technologies, and rising awareness about the benefits of natural APIs. The market is segmented by source (plants, animals, microorganisms), application (cardiovascular diseases, oncology, respiratory diseases, gastrointestinal disorders, others), and geographical regions.
Global Market Key Players:
Roquette Frères SA
Evonik Industries AG
Cargill, Inc.
Novartis AG
Sanofi S.A.
Kothari Phytochemicals & Industries Ltd.
Centroflora Group
Arboris, LLC
BASF SE
GSK plc
Recent Developments in Natural APIs Market
Recent advancements and trends in the natural APIs market include:
Advanced Extraction Techniques: Development of advanced extraction techniques such as supercritical fluid extraction, microwave-assisted extraction, and ultrasonic extraction to enhance the yield and purity of natural APIs.
Biotechnology Innovations: Use of biotechnological methods like fermentation and biotransformation to produce high-quality natural APIs.
Sustainable Sourcing: Emphasis on sustainable sourcing of raw materials to ensure environmental conservation and ethical practices.
Regulatory Support: Increasing regulatory support and guidelines for the use of natural APIs in drug formulations, ensuring safety and efficacy.
Integrative Medicine: Growing trend of integrative medicine combining conventional treatments with natural APIs to enhance therapeutic outcomes.
Drivers of Market Growth
Several factors contribute to the growth of the natural APIs market:
Rising Consumer Preference: Increasing consumer preference for natural and organic products, including medications, drives demand for natural APIs.
Health Benefits: Perceived health benefits of natural APIs, including fewer side effects and better biocompatibility compared to synthetic counterparts.
Chronic Disease Prevalence: Rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and diabetes necessitates the development of effective and safe therapies using natural APIs.
Technological Advancements: Continuous advancements in extraction, purification, and biotechnological processes enhance the quality and scalability of natural API production.
Regulatory Acceptance: Growing regulatory acceptance and standardization of natural APIs in pharmaceutical applications, ensuring safety and efficacy.
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Conclusion
The natural APIs market is poised for substantial growth, driven by increasing consumer preference for natural products, advancements in extraction technologies, and rising prevalence of chronic diseases. Innovations in biotechnological methods, sustainable sourcing practices, and integrative medicine are enhancing the application and effectiveness of natural APIs.
Market Segmentation
Molecule Type
Alkaloids
Phenolic Acids
Terpenoids
Lignin & Stilbenes
Anthocyanin
Flavonoids
Others
End-user
Biopharmaceutical Companies
Nutraceutical Companies
Herbal-based Industries
Others (Research Institutes, etc.)
Region
North America
South America
Europe
Asia Pacific
Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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