The global Cholesterol Active Pharmaceutical Ingredient (API) Market is projected to be valued at US$ 269.0 Million by the end of 2022, and to grow at a CAGR of 4.7% between 2022 and 2032. By 2032, the global market for cholesterol API is expected to be worth US$ 426.9 Million.
Germany is predicted to remain the most attractive market over the next decade. According to FMI, sales of cholesterol API in Germany are anticipated to increase at a CAGR of 4.9% and reach US$ 24.06 Million by the end of 2032. Further, Italy is expected to witness the second-highest growth in the Europe cholesterol API market. As per FMI, Italy’s cholesterol API is anticipated to increase at the fastest rate, 4.5% CAGR, between 2022 and 2032.
The demand in the Europe market will surge due to the rising demand for monoclonal antibodies and RNA vaccines. With growing prevalence of different types of diseases globally, the pharmaceutical sector is in high demand to create medications to treat these afflictions.
This API market will experience growth over the next few years as a result of the positive effects of cholesterol as well as the increased need for vaccines and medication delivery systems. Cholesterol is utilized in tailored medication conveyance systems because it is an efficient drug carrier for monoclonal antibodies.
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In the global cholesterol API market, Europe is anticipated to be the most profitable market. Sales in Europe are predicted to increase at 4.2% CAGR during the projection period. The market is anticipated to be driven by an increase in research funding and the local presence of important market participants. A result of rising investments, there are more biopharmaceutical companies in Europe.
Key Takeaways from the Cholesterol API Market
- Cholesterol API market in Europe is anticipated to expand at a CAGR of 4.2% from 2022 to 2032.
- Demand in the U.K. cholesterol API market is expected to grow at a CAGR of 4.2% during the assessment period.
- The U.K. cholesterol API market is estimated to generate US$ 18.80 Mn by the end of 2032.
- In Europe cholesterol API market, Germany is anticipated to have approximately to 22.9% of the market share in 2032.
“Increased demand for monoclonal antibodies and RNA vaccines is anticipated to propel growth in the Europe cholesterol API market. Additionally, the growing usage of liposomal formulations in drug delivery systems is anticipated to increase demand for cholesterol APIs globally.” – Says an FMI Analyst.
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Competition Landscape in the Cholesterol API Market
Key competitors in the cholesterol API market are concentrating on organic growth tactics like product releases and product approvals. Acquisitions, partnerships, and collaborations were examples of inorganic growth tactics that were observed in the market. These initiatives have made it possible for market participants to grow their consumer bases and businesses.
Centrient Pharmaceuticals, CordenPharma, and Evonik are some of the key players in the global cholesterol API market.
Recent Developments
- In June 2021, Centrient Pharmaceuticals (“Centrient”), a global pioneer in sustainable antibiotics, next-generation statins, and antifungals, has announced that production at its new statins manufacturing unit has begun. The company will increase its capacity for producing statins now that the construction of its second specialised unit at the Toansa location in India is complete. As a result, Centrient will be able to satisfy the rising demand for its sustainably produced Atorvastatin and Rosuvastatin Active Pharmaceutical Ingredients (APIs).
- In May 2021, in order to create efficient mRNA-based vaccines, CordenPharma and the Otto-von-Guericke-University of Magdeburg, Germany, created a scalable synthesis of pharmaceutical-grade cholesterol. This cholesterol is employed as a component of the lipid cocktail.
- In May 2020, Evonik has announced the first phase of a long-term programme to increase the capacity of its Dossenheim and Hanau facilities in Germany in order to meet the region’s expanding demand for contract manufacturing of active pharmaceutical ingredients (APIs) and advanced intermediates from the pharmaceutical industry. The programme will cost €25 million in total.
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Cholesterol API Market Outlook by Category
By Source:
- Animal Derived
- Plant Derived
- Synthetic
By Manufacturing Process:
- GMP
- Non – GMP
By End User:
- RNA Vaccines
- Monoclonal Antibodies
- Others
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