Artemisinin API, the active pharmaceutical ingredient derived from Artemisia annua or produced via semi‑synthetic routes, underpins the global fight against malaria and is a critical component in combination therapies. The Artemisinin API market size was estimated at USD 1.3 billion in 2025, and the market forecast projects a CAGR of 7.2% through 2033, driven by rising malaria incidence in endemic regions, expanding public‑health funding, and advances in semi‑synthetic manufacturing that enhance supply security. Key forces shaping the industry include regulatory incentives for affordable antimalarials, technology shifts toward bio‑engineered production, and intensified competitive dynamics among Chinese, Indian, and emerging African manufacturers. Asia‑Pacific remains the largest market, while Africa is emerging as the fastest‑growing region due to heightened malaria control programs.