Veterinary Active Pharmaceutical Ingredients Manufacturing Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Veterinary Active Pharmaceutical Ingredients Manufacturing Global Market Report 2023 identifies increasing number of pet owners as the major driver for the veterinary active pharmaceutical ingredients manufacturing market's growth in the forecast period. Pet owners are individuals who own or adopt a pet animal. The pet owners provide necessary health facilities to the pets which increases the demand for veterinary drugs.

The global veterinary active pharmaceutical ingredients manufacturing market size is expected to grow from $6.37 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary active pharmaceutical ingredients manufacturing market size is expected to grow to $9.11 billion in 2027 at a CAGR of 7.3%.

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Major competitors in the veterinary active pharmaceutical ingredients manufacturing market are Alivira Animal Health Limited, Excel Industries Limited, Ofichem Group, Menadiona SL, Afton Pharma, Jiangsu Lingyun Pharmaceutical Co Limited, SUANFARMA, NGL Fine-Chem Limited, FIS Fabbrica Italiana Sintetici SpA, Lupin Limited, Aurobindo Pharma Limited.

A key trend in the veterinary active pharmaceutical ingredients manufacturing market includes product innovation. Major players in the market are focusing on innovative products to sustain their market positions. For instance, in June 2021, Lasa Supergenerics Limited, an India-based active pharmaceutical ingredient (API) manufacturing company, launched Oxyclozanide. Oxyclozanide is a novel anthelmintic that treats and manages fascioliasis, a topical worm infection in ruminants, primarily domestic animals like cattle (particularly buffalos on farms), goats, and sheep. Oxyclozanide is frequently used in the veterinary industry and has enormous potential in domestic and international markets.

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The veterinary active pharmaceutical ingredients manufacturing market is segmented -
• By Product: Antiparasitic, Anti-Infectives, Vaccines, and NSAIDs

• By Service Type: In-House, Contract Outsourcing

• By Synthesis Type: Chemical-Based API, Biological API, Highly Potent API

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary active pharmaceutical ingredients manufacturing market.

The Business Research Company's "Global Veterinary Active Pharmaceutical Ingredients Manufacturing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Veterinary Active Pharmaceutical Ingredients Manufacturing Market Include:
1. Executive Summary
2. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Characteristics
3. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Trends And Strategies
4. Veterinary Active Pharmaceutical Ingredients Manufacturing Market - Macro Economic Scenario
5. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size And Growth
……
26. Africa Veterinary Active Pharmaceutical Ingredients Manufacturing Market
27. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Active Pharmaceutical Ingredients Manufacturing Market
29. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Future Outlook and Potential Analysis
30. Appendix

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