Author: Vikas Kumar
12 January 2023
Cholesterol serves important functions in the body. It helps maintain proper fluidity and permeability in cell membranes and aids in the synthesis of fat-soluble vitamins, steroid hormones, and sex hormones. As a very effective drug carrier, cholesterol API is extensively utilized in a variety of targeted drug delivery systems. In the creation of vaccines and medications, cholesterol acts as a stabilizing ingredient. The pharmaceutical industry is becoming more and more interested in its lipid nanoparticles as prospective medication delivery systems. They are required for efficient mRNA transport to cells and encapsulation. As a result, it is projected that during the forecast period, rising demand for novel vaccines and medication delivery techniques to combat the rising prevalence of diseases will propel the expansion of the cholesterol API market.
The Cholesterol API Market is expected to grow at a steady rate of around 4.8% CAGR during the forecast period. The increase in cancer cases is resulting in the development of numerous anticancer medicines. The expanding healthcare expenditure is anticipated to fuel market growth.As per the National Health Expenditure Data, 2021, prescription drug spending increased by 7.8% to USD378.0 billion in 2021, faster than the 3.7% growth in 2020.
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Based on source, the market is segmented into animal-derived, plant-derived, and synthetic. The animal-derived held a significant market share in 2020. This is mainly due to the extensive use of materials sourced from animals such as lanolin. Lanolin is a yellow fat obtained from sheep’s wool. It is used as an active ingredient in over-the-counter topical products such as ointments, lubricants, lotions, and facial cosmetics.
On the basis of the manufacturing process, the market is categorized into GMP and Non-GMP. Among these, the GMP to hold a significant share in the market in 2020. GMP refers to the Good Manufacturing Practice regulations promulgated by the US Food and Drug Administration under the authority of the Federal Food, Drug, and Cosmetic Act. The segment is projected to be driven by the high demand for pharmaceutical-grade cholesterol for RNA vaccines, monoclonal antibodies, and other drug delivery systems.
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For a better understanding of the market adoption of the Cholesterol API industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period owing to the increasing prevalence of cancer. According to the WHO, in 2022, Cancer-causing infections, such as human papillomavirus (HPV) and hepatitis, are responsible for approximately 30% of cancer cases in low- and lower-middle-income countries. The presence of high disposable income, and the rise in funding for R&D activities associated with cholesterol API in drug delivery. For instance, in November 2019, Bio-Techne announced an investment of over USD 40 million to upgrade its protein manufacturing facility and meet cell therapy demands. The presence of numerous well-known pharmaceutical businesses in the U.S. and the enforcement of strict government regulations governing medication development are expected to drive the growth of the market.
Some of the major players operating in the market include Merck KGaA, Cayman Chemical, CordenPharma International, Croda International Plc, NOF CORPORATION, Nippon Fine Chemical Co., Ltd., Akums, Tokyo Chemical Industry Co., Ltd., Evonik Industries AG, CARBOGEN AMCIS.
Global Cholesterol API Market Segmentation
Market Insight, by Source
• Animal Derived
• Plant Derived• Synthetic
Market Insight, by Manufacturing Process
Market Insight, by Application
Market Insight, by Region
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