Veterinary Excipients Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Veterinary Excipients Market?
In recent times, there has been significant growth in the size of the veterinary excipients market. The market, valued at $0.94 billion in 2024, is predicted to reach the $1 billion mark by 2025, experiencing a compound annual growth rate (CAGR) of 6.0%. The notable growth during the historical period can be credited to factors such as the rise in pet ownership, advancements in veterinary medicinal practices, a surge in the demand for animal-derived protein, an increase in pet healthcare spending, and the development and expansion of the animal healthcare sector's infrastructure.

The market size for veterinary excipients is predicted to see significant expansion in the coming years. It is projected to reach $1.24 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. The growth expected during this period can be credited to a heightened emphasis on animal health, an increase in pet insurance coverage, a rising incidence of zoonotic diseases, the expansion of the veterinary pharmaceuticals market, and the emergence of innovative excipients. Noteworthy trends for this forecast period include animal-targeted personalized medicine, the use of natural and organic excipients, the incorporation of digital health solutions, innovation in the veterinary health sector, and advancements in technology.

What Factors Are Propelling the Expansion of the Veterinary Excipients Market?
The surge in zoonotic ailments is projected to stimulate the expansion of the veterinary excipients market. These are infectious diseases that can be communicated from animals to people. Factors such as climate change, encroachment on wildlife habitats, intensive farming, wildlife trade, deforestation, unsanitary conditions, and alterations in ecosystems are causing the rise in zoonotic diseases and call for immediate intervention. Veterinary excipients are instrumental in formulating medicines for zoonotic diseases, safeguarding the stability, efficacy, and safety of active ingredients for animals' well-being. For example, as per the European Union One Health, an Italian food safety regulator recorded a more than 600% surge in locally contracted human West Nile virus infections, a disease spread by mosquitoes, in 2022 compared to 2021. Consequently, the rise in zoonotic diseases propels the growth of the veterinary excipients market.

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Which Businesses Are at the Forefront of Veterinary Excipients Market Development?
Major companies operating in the veterinary excipients market are Archer Daniels Midland Company, Badische Anilin- und Soda-Fabrik AG, Evonik Industries AG, DuPont de Nemours Inc., Clariant AG, Azelis India Private Limited, Lubrizol India Private Limited, Croda International Plc, Ashland Inc., JRS PHARMA GmbH & Co. KG, Vantage Specialty Chemicals, Colorcon Inc., Seppic SA, Spectrum Laboratory Products Inc., Gattefossé SAS, Quality Chemicals S.L., IOI Oleo GmbH, Lipoid LLC, Synergy API Private Limited, SSS Pharmachem Private Limited

What Are the Latest Innovations in the Veterinary Excipients Market?
Leading enterprises in the domain of veterinary excipients are focusing on the creation of innovative goods like VitiPure excipients to satisfy the escalating requirement for veterinary wellbeing. VitiPure excipients represent high-purity excipients engineered for bolstering the stability and solubility of active pharmaceutical ingredients (APIs) in a wide array of applications. To illustrate, in October 2023, Clariant, a Swiss speciality chemical organization, unveiled a series of VitiPure excipients aimed at offering versatile support for a spectrum of API formulations and modes of administration, especially fragile substances such as mRNA vaccines and biologics. Notably, VitiPure O 80 Superior, a high-end, low microbial load Polysorbate 80, is highly regarded for its scarce impurities and its clear, scentless nature.

How Is the Veterinary Excipients Market Segmented?
The veterinary excipients market covered in this report is segmented -

1) By Chemical Group: Polymers, Alcohols, Lipids, Mineral Salts, Other Chemical Groups
2) By Animal Type: Companion Animals, Production Animals
3) By Functionality: Fillers, Binders, Disintegrants, Glidants, Lubricants, Bulking Agents, Buffering Agents, Tonicity Adjusting Agents, Preservatives, Other Functionalities
4) By Application: Biologics, Pharmaceuticals, Medicated Feed Additives

Subsegments:
1) By Polymers: Natural Polymers, Synthetic Polymers
2) By Alcohols: Ethanol, Glycerin, Propylene Glycol
3) By Lipids: Fatty Acids, Phospholipids, Sterols
4) By Mineral Salts: Sodium Salts, Calcium Salts, Potassium Salts
5) By Other Chemical Groups: Sugars, Surfactants, Amino Acids

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Where Is the Veterinary Excipients Market Growth Most Prominent?
North America was the largest region in the veterinary excipients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Veterinary Excipients Global Market Report?

- Market Size Analysis: Analyze the Veterinary Excipients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Excipients Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Excipients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Excipients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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