Global Cholesterol Active Pharmaceutical Ingredient (API) Market to Reach USD 445.3 Million by 2033 at a 4.7% of CAGR

Cholesterol API Market
Global Cholesterol Active Pharmaceutical Ingredient (API) Market

The global cholesterol active pharmaceutical ingredient (API) market is set for significant growth, with an estimated valuation of USD 280.6 million in 2023. According to industry projections, the market is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2033, reaching an anticipated value of USD 445.3 million by 2033.

Cholesterol APIs are critical components in the formulation of medications designed to lower cholesterol levels, which are essential in preventing and managing cardiovascular diseases such as heart attacks and strokes. With the increasing prevalence of these conditions worldwide, the demand for cholesterol-lowering medications is on the rise, subsequently driving the growth of the cholesterol API market.

Animal-derived sources are leading the cholesterol API market, holding a significant share of approximately 52.38% in 2022. These sources are vital in producing effective cholesterol-lowering medications that help manage high cholesterol levels, a major risk factor for cardiovascular diseases.

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Growth in Cholesterol-Lowering Drugs is Driven by Innovation:

Significant progress has been made in the development of medications that decrease cholesterol in recent years. Regulatory bodies have authorized novel medication classes, including selective cholesterol absorption inhibitors, bile acid sequestrants, and PCSK9 inhibitors. Clinical trials using these medications have shown encouraging results in reducing LDL (bad) cholesterol levels. The need for the APIs that enable these drugs is fueled by this innovation in pharmaceuticals.

Government Programs Encourage Control of Cholesterol:

The increasing prevalence of CVDs is being actively addressed by governments and healthcare institutions around the world. Programs for screening for cholesterol, public awareness campaigns, and attempts to increase accessibility for cholesterol-lowering drugs are among the initiatives. The demand for cholesterol APIs has surged as a direct result of these initiatives.

Competitive Landscape:

There are many different firms in the highly fragmented worldwide cholesterol API market. In order to address the increasing demand from consumers and broaden their clientele, these businesses are employing several tactics such mergers and acquisitions, joint ventures, cooperative efforts, and the introduction of new products.

The following are a few recent changes in the worldwide cholesterol API market:

Sanofi Consumer Healthcare Korea and AB-BIOTICS collaborated in June 2023 to launch probiotics in South Korea that have benefits beyond enhancing intestinal health. Assisting people in controlling their cholesterol levels is its main goal. The Ministry of Food and Drug Safety has approved it as the first probiotic product. The South Korean market is renowned for being more open to using probiotics for a range of medical applications.

ProBiotix Health introduced a dual-action cholesterol pill in May 2023. This novel tablet lowers the absorption of dietary cholesterol while simultaneously assisting the liver in removing cholesterol from the bloodstream.

  • In May 2022, Sun Pharma revealed that its fully-owned subsidiary is going to soon introduce a new oral medication called Bempedoic Acid in India. This drug is specifically designed to lower low-density lipoprotein (LDL) cholesterol levels. The subsidiary plans to market the drug in India using the brand name Brillo.
  • The US Food and Drug Administration approved Regeneron Pharmaceuticals, Inc.’s Evkeeza in February 2021 to be used in conjunction with other treatments aimed at lowering low-density lipoprotein cholesterol (LDL-C) levels. Notably, Evkeeza is the first FDA-approved medication that binds to and inhibits the function of angiopoietin-like 3 (ANGPTL3), an essential protein involved in the metabolism of lipids.
  • The signing of an R&D collaboration agreement to strengthen their position in the field of lipid nanoparticles (LNP) formulations was announced by CordenPharma and Wacker in December 2021.
  • Centrient Pharmaceuticals, a top supplier of sustainable antibiotics and next-generation statins, began producing its innovative statins manufacturing facility in June 2021. To help satisfy the increasing demand for Rosuvastatin and Atorvastatin APIs, the business plans to quadruple its statin production capacity.

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Key Market Players

  • Merck KGaA
  • Cayman Chemical Company (Matreya)
  • CordenPharma
  • Croda International Plc (Avanti)
  • NOF (Nippon Oil & Fats) Corporation
  • Nippon Fine Chemical Co. Ltd.
  • Akums Drugs & Pharmaceuticals Ltd
  • Tokyo Chemical Industry Co., Ltd.
  • Evonik Industries AG
  • Dishman Group
  • Hänseler AG
  • Caesar & Loretz GmbH
  • Fisher Scientific Co, LLC (Thermo Fisher)

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

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa (MEA)

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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