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Veterinary API Market Growth | Trends, Demand & Forecast 2024-2031 | Zoetis, Excel Industries, Sidhiv Pharma.
Veterinary API Market
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What is the projected growth of the Global Veterinary API market?
The Global Veterinary API Market reached US$ 6.84 billion in 2023 and is expected to reach US$ 12.29 billion by 2031 growing with a CAGR of 7.6% during the forecast period 2024-2031.
What is Veterinary API Market?
The Veterinary API (Active Pharmaceutical Ingredient) Market focuses on the development and supply of key ingredients used in animal medicines. Driven by rising pet ownership, livestock health concerns, and increasing demand for antibiotics, anti-infectives, and parasiticides, the market is expanding. Regulatory frameworks, advancements in animal healthcare, and the shift toward sustainable and precision medicine influence industry trends.
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Who are the major players in the Veterinary API market?
The prominent players in Veterinary API market research report are:
SUANFARMA, Alivira Animal Health Limited, Zoetis, Excel Industries, Sidhiv Pharma, Chempro Pharma Private Limited, De Ofichem Group, NGL Fine-Cheam Ltd., AMGIS Lifescience Ltd., and Rochem International Inc. among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In May 2024, EUROAPI announced a major Contract Manufacturing Organization (CMO) agreement with a leading global animal health group. Through this partnership, EUROAPI will manufacture and supply a critical veterinary product, with the total contract value estimated between €130 and €150 million over the agreed period.
In January 2024, Huateng Pharma introduced a specialized product line tailored for the veterinary sector. Reinforcing its commitment to high-quality solutions, the company now offers a diverse range of veterinary APIs and intermediates, including Fluralaner and Sarolaner, to support advancements in animal health.
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Market Segments
By API Type: Anti-infectives, Vaccines, NSAIDs, Antiparasitics, Others.
By Synthesis Type: Chemical Based API, Biological API, Highly Potent API (HPAPI).
By Route of Administration: Oral, Injectable, Topical.
By Animal Type: Companion Animals, Production Animals.
By Service Type: In House, Contract Outsourcing.
The Veterinary API industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Veterinary API Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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