The Global Active Pharmaceutical Ingredient Market accounted for US$ 164.89 billion in 2020 and is estimated to be US$ 339.08 million by 2030 and is anticipated to register a CAGR of 7.5%. A drug or a combination of pharmaceuticals that can be used in a finished pharmaceutical product is known as an active pharmaceutical ingredient (API) (FPP). APIs and excipients are the two most important ingredients in the production of a medicine. The API is the ingredient that makes up the medicine, whereas the excipient is a substance that isn't the drug but works as a medium to help the body absorb it, such as lactose or mineral oil in a pill. A physiologically active ingredient (API) is a component of a drug product that is used to treat, diagnose, or prevent disease.