The global catharanthine market size accounted for USD 883 million in 2024 and is expected to exceed around USD 1,270 million by 2034, growing at a CAGR of 3.7% from 2024 to 2034.
The catharanthine market refers to the production, distribution, and application of this compound which is an organic hetero-pentacyclic compound and monoterpenoid indole alkaloid produced by the mechanical plant Catharanthus roseus and Tabermaemontana divaricate. It acts as a biosynthetic precursor for important anticancer drugs. This compound is used in traditional herbal medicine around the world and chemical extraction has a role in cancer treatment. It is used in medicines for the treatment of diseases like diabetes, cancer, and other conditions. There is a high demand for this compound in the pharmaceutical and food & beverages sector which driving the growth of the catharanthine market.
However, the risk factors of the market include high initial investment, the need for continuous advancement to meet evolving consumer requirements, high cost of production, and regulatory hurdles that can slow down the growth of the market. The future scope of the market includes strategic partnerships and collaborations, technology innovation, geographic expansion, adoption of automation and artificial intelligence, reducing costs, and investment in infrastructure development that will be an opportunity for the growth of the catharanthine market.
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| Stats ID: | 7228 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7228 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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