Veterinary Excipients Market Set to Reach $1.24 Billion by 2029 with 5.7% Yearly Growth

What market dynamics are playing a key role in accelerating the growth of the veterinary excipients market?
The increase in zoonotic diseases is expected to significantly drive the growth of the veterinary excipients market. Zoonotic diseases, which are illnesses transmitted from animals to humans, are on the rise due to factors such as habitat encroachment, climate change, intensive farming, wildlife trade, deforestation, poor sanitation, and changes in ecosystems. As zoonotic diseases increase, there is an urgent need for effective veterinary medications to treat animals and prevent the spread of these diseases. Veterinary excipients are essential for formulating these medications, ensuring the stability, efficacy, and safety of active ingredients. For instance, in November 2023, the European Union One Health reported a more than 600% increase in human West Nile virus infections in 2022, emphasizing the growing threat of zoonotic diseases. This rise in zoonotic disease outbreaks is expected to propel the demand for veterinary excipients as part of the broader response to control and treat these diseases.

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How will the growth rate of the veterinary excipients market shape industry trends by 2034?
The veterinary excipients market has grown steadily, increasing from $0.94 billion in 2024 to $1 billion in 2025, with a CAGR of 6.0%. This growth is attributed to rising pet ownership, advancements in veterinary medicine, growing demand for animal protein, increasing pet healthcare expenditures, and expansion of animal healthcare infrastructure.

The veterinary excipients market size is projected to experience substantial growth in the coming years, reaching $1.24 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. This growth is driven by a heightened focus on animal welfare, an increase in pet insurance coverage, the rising occurrence of zoonotic diseases, the expansion of the veterinary pharmaceuticals sector, and the introduction of novel excipients. Key trends expected during this period include personalized animal medicine, the adoption of natural and organic excipients, the incorporation of digital health solutions, innovations in veterinary healthcare, and advancements in technology.

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What trends are poised to drive the future success of the veterinary excipients market?
In the veterinary excipients market, companies are focusing on enhancing the stability and solubility of active pharmaceutical ingredients (APIs) through high-purity excipients. Clariant, a Swiss specialty chemical company, launched VitiPure excipients in October 2023. These excipients are designed to support API formulations and administration methods, including mRNA vaccines and biologics. VitiPure O 80 Superior, for example, is a low-microbial Polysorbate 80 known for its minimal impurities, making it ideal for sensitive veterinary formulations.

Which primary segments of the veterinary excipients market are driving growth and industry transformations?
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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Which geographical regions are pioneering growth in the veterinary excipients market?
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.

Who are the influential players reshaping the veterinary excipients market landscape?
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

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What Is Covered In The Veterinary Excipients Global Market Report?

•Market Size Forecast: Examine the veterinary excipients market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the veterinary excipients market for a structured understanding.
•Key Players Overview: Analyze major players in the veterinary excipients market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary excipients market.
•Segment Contributions: Evaluate how different segments drive overall growth in the veterinary excipients market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary excipients market.
•Industry Challenges: Identify potential risks and obstacles affecting the veterinary excipients market.
•Competitive Landscape: Review strategic developments in the veterinary excipients market, including expansions, agreements, and new product launches.

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