Plant-based Excipients Market Size Is Anticipated To Reach USD 2.50 Billion By 2030
San Francisco, 14 June 2023: The Report Plant-based Excipients Market Size, Share & Trends Analysis Report By Chemical Nature (Carbohydrates, Proteins, Polymers, Minerals), By Application, By Function (Binders & Diluents), By Region, And Segment Forecasts, 2023 - 2030 The global plant-based excipients market size is expected to reach USD 2.50 billion by 2030, expandingat a CAGR of 4.28% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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