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  • June 19, 2019

NORTHBROOK, IL—The Latin American pharmaceutical excipients market is projected to reach $579 billion by 2024, growing at a compound annual rate of 7.5 percent, according to a report by Markets and Markets. Elements driving growth in this region include the growing pharmaceutical industry in Latin American countries such as Brazil, Mexico, and Argentina; multinational corporations’ increasing focus on investing in the Latin American pharmaceutical and healthcare sectors; a rapidly growing aging population and the subsequent increase in the prevalence of related diseases; and local and government funding for R&D activities. The report identifies DowDuPont, Roquette, Ashland, BASF, and Kerry as major players in the Latin American pharmaceutical excipient market.