Asian Development Bank Institute

Asia Pacific Alternative Lending Business Report 2023: Market to Grow by 15.1% to Reach $295 Billion in 2023 - Forecasts to 2027 - ResearchAndMarkets.com

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Tuesday, December 12, 2023
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Alternative lending market in Asia Pacific is expected to grow by 15.1% on an annual basis to reach US$295.0 billion in 2023.

Key Points: 
  • Alternative lending market in Asia Pacific is expected to grow by 15.1% on an annual basis to reach US$295.0 billion in 2023.
  • Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 9.4% during 2023-2027.
  • The alternative lending market in the region will increase from US$256.3 billion in 2022 to reach US$422.6 billion by 2027.
  • The Asia Pacific alternative lending industry is poised to record strong growth over the next five years.