The global Metformin Hydrochloride market size is estimated to be $378 million in 2023, and Market IntelliX analysts predict it will reach $542 million by 2031, growing at a CAGR of 4.6% during the forecast period from 2023 to 2031.
This report studies the Metformin Hydrochloride market, covering market size for segment by type (Metformin HCL, Metformin DC, etc.), by application (Tablets, Extended-Release Tablets, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Wanbury, USV, Exemed Pharmaceuticals, Vistin Pharma, Aarti Drugs, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Metformin Hydrochloride from 2018-2023, and provides extensive market forecasts from 2024-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Metformin Hydrochloride market.
Leading Players of Metformin Hydrochloride including:
Wanbury
USV
Exemed Pharmaceuticals
Vistin Pharma
Aarti Drugs
Farmhispania Group
Harman Finochem
Shijiazhuang Polee Pharmaceutical
Keyuan Pharmaceutical
CR Double-Crane
Shouguang Fukang Pharmaceutical
Market split by Type:
Metformin HCL
Metformin DC
Others
Market split by Application:
Tablets
Extended-Release Tablets
Oral Solutions
Market split by Sales Channel:
Direct Channel
Distribution Channel
Market split by Region/Country:
North America (United States and Canada)
Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
South America (Brazil, Mexico, and Argentina, etc.)
Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)
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Chapter 1 Metformin Hydrochloride Market Overview
1.1 Metformin Hydrochloride Definition
1.2 Global Metformin Hydrochloride Market Size Status and Outlook (2018-2031)
1.3 Global Metformin Hydrochloride Market Size Comparison by Region (2018-2031)
1.4 Global Metformin Hydrochloride Market Size Comparison by Type (2018-2031)
1.5 Global Metformin Hydrochloride Market Size Comparison by Application (2018-2031)
1.6 Global Metformin Hydrochloride Market Size Comparison by Sales Channel (2018-2031)
1.7 Metformin Hydrochloride Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Metformin Hydrochloride Market
Chapter 2 Metformin Hydrochloride Market Competition by Player
2.1 Global Metformin Hydrochloride Sales and Market Share by Player (2021-2023)
2.2 Global Metformin Hydrochloride Revenue and Market Share by Player (2021-2023)
2.3 Global Metformin Hydrochloride Average Price by Player (2021-2023)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Metformin Hydrochloride Market Segment by Type
3.1 Global Metformin Hydrochloride Market by Type
3.1.1 Metformin HCL
3.1.2 Metformin DC
3.1.3 Others
3.2 Global Metformin Hydrochloride Sales and Market Share by Type (2018-2023)
3.3 Global Metformin Hydrochloride Revenue and Market Share by Type (2018-2023)
3.4 Global Metformin Hydrochloride Average Price by Type (2018-2023)
3.5 Conclusion of Segment by Type
Chapter 4 Metformin Hydrochloride Market Segment by Application
4.1 Global Metformin Hydrochloride Market by Application
4.1.1 Tablets
4.1.2 Extended-Release Tablets
4.1.3 Oral Solutions
4.2 Global Metformin Hydrochloride Revenue and Market Share by Application (2018-2023)
4.3 Conclusion of Segment by Application
Chapter 5 Metformin Hydrochloride Market Segment by Sales Channel
5.1 Global Metformin Hydrochloride Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Metformin Hydrochloride Revenue and Market Share by Sales Channel (2018-2023)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Metformin Hydrochloride Market Segment by Region & Country
6.1 Global Metformin Hydrochloride Market Size and CAGR by Region (2018-2031)
6.2 Global Metformin Hydrochloride Sales and Market Share by Region (2018-2023)
6.3 Global Metformin Hydrochloride Revenue and Market Share by Region (2018-2023)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Metformin Hydrochloride Market Share by Type
6.4.3 North America Metformin Hydrochloride Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Metformin Hydrochloride Market Share by Type
6.5.3 Europe Metformin Hydrochloride Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Metformin Hydrochloride Market Share by Type
6.6.3 Asia-Pacific Metformin Hydrochloride Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Metformin Hydrochloride Market Share by Type
6.7.3 South America Metformin Hydrochloride Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Metformin Hydrochloride Market Share by Type
6.8.3 Middle East & Africa Metformin Hydrochloride Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Metformin Hydrochloride Players
7.1 Wanbury
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 USV
7.3 Exemed Pharmaceuticals
7.4 Vistin Pharma
7.5 Aarti Drugs
7.6 Farmhispania Group
7.7 Harman Finochem
7.8 Shijiazhuang Polee Pharmaceutical
7.9 Keyuan Pharmaceutical
7.10 CR Double-Crane
7.11 Shouguang Fukang Pharmaceutical
Chapter 8 Upstream and Downstream Analysis of Metformin Hydrochloride
8.1 Industrial Chain of Metformin Hydrochloride
8.2 Upstream of Metformin Hydrochloride
8.3 Downstream of Metformin Hydrochloride
Chapter 9 Development Trend of Metformin Hydrochloride (2024-2031)
9.1 Global Metformin Hydrochloride Market Size (Sales and Revenue) Forecast (2024-2031)
9.2 Global Metformin Hydrochloride Market Size and CAGR Forecast by Region (2024-2031)
9.3 Global Metformin Hydrochloride Market Size and CAGR Forecast by Type (2024-2031)
9.4 Global Metformin Hydrochloride Market Size and CAGR Forecast by Application (2024-2031)
9.5 Global Metformin Hydrochloride Market Size and CAGR Forecast by Sales Channel (2024-2031)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Metformin Hydrochloride Example
Figure Global Metformin Hydrochloride Revenue (Million $) Status and Outlook (2018-2031)
Figure Global Metformin Hydrochloride Revenue (Million $) Comparison by Region (2018-2031)
Figure Global Metformin Hydrochloride Revenue (Million $) Comparison by Type (2018-2031)
Figure Global Metformin Hydrochloride Revenue (Million $) Comparison by Application (2018-2031)
Figure Global Metformin Hydrochloride Revenue (Million $) Comparison by Sales Channel (2018-2031)
Table Global Metformin Hydrochloride Sales by Player (2021-2023)
Table Global Metformin Hydrochloride Sales Market Share by Player (2021-2023)
Figure Global Metformin Hydrochloride Sales Market Share by Player in 2023
Table Global Metformin Hydrochloride Revenue (Million $) by Player (2021-2023)
Table Global Metformin Hydrochloride Revenue Market Share by Player (2021-2023)
Figure Global Metformin Hydrochloride Revenue Market Share by Player in 2023
Table Global Metformin Hydrochloride Average Price by Player (2021-2023)
Figure Global Metformin Hydrochloride Average Price by Player in 2023
Figure Global Metformin Hydrochloride Players Competition Situation – Top 5 Players’ Revenue Market Share in 2021
Figure Global Metformin Hydrochloride Players Competition Trends – Top 5 Players’ Revenue Market Share in 2023
Figure Example of Metformin HCL
Figure Global Metformin HCL Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Metformin DC
Figure Global Metformin DC Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Others
Figure Global Others Revenue (Million $) and Growth Rate (2018-2023)
Table Global Metformin Hydrochloride Sales by Type (2018-2023)
Table Global Metformin Hydrochloride Sales Market Share by Type (2018-2023)
Figure Global Metformin Hydrochloride Sales Market Share by Type in 2023
Table Global Metformin Hydrochloride Revenue (Million $) by Type (2018-2023)
Table Global Metformin Hydrochloride Revenue Market Share by Type (2018-2023)
Figure Global Metformin Hydrochloride Revenue Market Share by Type in 2023
Table Global Metformin Hydrochloride Average Price by Type (2018-2023)
Figure Global Metformin Hydrochloride Average Price by Type in 2023
Table Leading Players of Metformin Hydrochloride by Type in 2023
Figure Example of Tablets
Figure Global Metformin Hydrochloride for Tablets Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Extended-Release Tablets
Figure Global Metformin Hydrochloride for Extended-Release Tablets Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Oral Solutions
Figure Global Metformin Hydrochloride for Oral Solutions Revenue (Million $) and Growth Rate (2018-2023)
Table Global Metformin Hydrochloride Sales by Application (2018-2023)
Table Global Metformin Hydrochloride Sales Market Share by Application (2018-2023)
Figure Global Metformin Hydrochloride Sales Market Share by Application in 2023
Table Leading Consumers of Metformin Hydrochloride by Application in 2023
Figure Example of Direct Channel
Figure Global Metformin Hydrochloride for Direct Channel Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Distribution Channel
Figure Global Metformin Hydrochloride for Distribution Channel Revenue (Million $) and Growth Rate (2018-2023)
Table Global Metformin Hydrochloride Revenue by Sales Channel (2018-2023)
Table Global Metformin Hydrochloride Revenue Market Share by Sales Channel (2018-2023)
Figure Global Metformin Hydrochloride Revenue Market Share by Sales Channel in 2023
Table Leading Distributors/Dealers of Metformin Hydrochloride by Sales Channel in 2023
Table Global Metformin Hydrochloride Market Size and CAGR by Region (2018-2031)
Table Global Metformin Hydrochloride Sales by Region (2018-2023)
Table Global Metformin Hydrochloride Sales Market Share by Region (2018-2023)
Figure Global Metformin Hydrochloride Sales Market Share by Region in 2023
Table Global Metformin Hydrochloride Revenue (Million $) by Region (2018-2023)
Table Global Metformin Hydrochloride Revenue Market Share by Region (2018-2023)
Figure Global Metformin Hydrochloride Revenue Market Share by Region in 2023
Table North America Metformin Hydrochloride Sales by Country (2018-2023)
Figure North America Metformin Hydrochloride Sales Market Share by Country (2018-2023)
Table North America Metformin Hydrochloride Revenue by Country (2018-2023)
Figure North America Metformin Hydrochloride Revenue Market Share by Country (2018-2023)
Figure North America Metformin Hydrochloride Market Share by Type in 2023
Figure North America Metformin Hydrochloride Market Share by Application in 2023
Figure United States Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure United States Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Canada Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Canada Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Table Europe Metformin Hydrochloride Sales by Country (2018-2023)
Figure Europe Metformin Hydrochloride Sales Market Share by Country (2018-2023)
Table Europe Metformin Hydrochloride Revenue by Country (2018-2023)
Figure Europe Metformin Hydrochloride Revenue Market Share by Country (2018-2023)
Figure Europe Metformin Hydrochloride Market Share by Type in 2023
Figure Europe Metformin Hydrochloride Market Share by Application in 2023
Figure Germany Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Germany Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure UK Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure UK Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure France Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure France Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Italy Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Italy Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Spain Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Spain Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Russia Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Russia Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Table Asia-Pacific Metformin Hydrochloride Sales by Country (2018-2023)
Figure Asia-Pacific Metformin Hydrochloride Sales Market Share by Country (2018-2023)
Table Asia-Pacific Metformin Hydrochloride Revenue by Country (2018-2023)
Figure Asia-Pacific Metformin Hydrochloride Revenue Market Share by Country (2018-2023)
Figure Asia-Pacific Metformin Hydrochloride Market Share by Type in 2023
Figure Asia-Pacific Metformin Hydrochloride Market Share by Application in 2023
Figure China Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure China Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Japan Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Japan Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Korea Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Korea Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure India Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure India Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Southeast Asia Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Southeast Asia Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Australia Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Australia Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Table South America Metformin Hydrochloride Sales by Country (2018-2023)
Figure South America Metformin Hydrochloride Sales Market Share by Country (2018-2023)
Table South America Metformin Hydrochloride Revenue by Country (2018-2023)
Figure South America Metformin Hydrochloride Revenue Market Share by Country (2018-2023)
Figure South America Metformin Hydrochloride Market Share by Type in 2023
Figure South America Metformin Hydrochloride Market Share by Application in 2023
Figure Brazil Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Brazil Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Mexico Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Mexico Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Argentina Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Argentina Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Colombia Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Colombia Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Table Middle East & Africa Metformin Hydrochloride Sales by Country (2018-2023)
Figure Middle East & Africa Metformin Hydrochloride Sales Market Share by Country (2018-2023)
Table Middle East & Africa Metformin Hydrochloride Revenue by Country (2018-2023)
Figure Middle East & Africa Metformin Hydrochloride Revenue Market Share by Country (2018-2023)
Figure Middle East & Africa Metformin Hydrochloride Market Share by Type in 2023
Figure Middle East & Africa Metformin Hydrochloride Market Share by Application in 2023
Figure Turkey Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Turkey Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure UAE Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure UAE Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure Saudi Arabia Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Figure South Africa Metformin Hydrochloride Sales and Growth Rate (2018-2023)
Figure South Africa Metformin Hydrochloride Revenue (Million $) and Growth Rate (2018-2023)
Table Company Snapshot of Wanbury
Table Metformin Hydrochloride Introduction of Wanbury
Table Metformin Hydrochloride Sales, Price, Revenue, Gross Margin and Market Share of Wanbury (2021-2023)
Table Industrial Chain of Metformin Hydrochloride
Table Leading Consumers of Metformin Hydrochloride
Figure Global Metformin Hydrochloride Sales and Growth Rate Forecast (2024-2031)
Figure Global Metformin Hydrochloride Revenue and Growth Rate Forecast (2024-2031)
Table Global Metformin Hydrochloride Market Size and CAGR Forecast by Region (2024-2031)
Table Global Metformin Hydrochloride Market Size and CAGR Forecast by Type (2024-2031)
Table Global Metformin Hydrochloride Market Size and CAGR Forecast by Application (2024-2031)
Table Global Metformin Hydrochloride Market Size and CAGR Forecast by Sales Channel (2024-2031)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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