Increasing prevalence of chronic diseases and a rising preference for natural, side-effect-free therapeutics are driving demand for these bio-based active pharmaceutical ingredients.
Wilmington, Delaware, Transparency Market Research Inc. –, Dec. 10, 2024 (GLOBE NEWSWIRE) — The global Natural Active Pharmaceutical Ingredients (APIs) market (Mercado de Ingredientes Farmacéuticos Activos Naturales) was valued at US$ 30.0 Billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2034, reaching an estimated US$ 57.5 Billion by the end of 2034. The growing prevalence of chronic diseases and an increasing preference for natural, side-effect-free therapeutics are the key factors driving the market’s expansion.
Overview of Natural APIs and Their Role in Healthcare
Natural APIs are derived from plants, animals, and microorganisms, and they have been an essential component in pharmaceutical and nutraceutical products for centuries. Unlike synthetic drugs, natural APIs are perceived as more holistic and generally have fewer side effects, which makes them particularly attractive for long-term treatments.
These naturally derived ingredients are crucial in the production of various therapeutics, including pain management, anti-inflammatory agents, and medicines for chronic diseases such as diabetes and cardiovascular disorders. Natural APIs are increasingly gaining recognition in modern medicine as they offer benefits such as improved bioavailability, sustainability, and better patient tolerance.
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Key Market Drivers and Trends
1. Rising Incidence of Chronic Diseases
The increasing global burden of chronic diseases, including cardiovascular diseases, diabetes, and arthritis, is one of the primary drivers for the demand for natural APIs. With chronic conditions requiring long-term treatment regimens, the use of natural APIs, which are generally well-tolerated and cause fewer side effects, has become a preferred option. As these diseases continue to rise, the natural APIs market is poised for significant growth in the coming years.
2. Growing Preference for Side-Effect-Free Therapeutics
Patients and healthcare providers are increasingly seeking medications that minimize adverse side effects. Natural APIs are often seen as safer alternatives to synthetic drugs due to their plant-based or biologically derived nature. As more people seek natural or complementary medicine options, the preference for natural APIs in the pharmaceutical industry has grown significantly. This trend is expected to continue as patient awareness of the benefits of natural products increases.
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