Press release
Rising Zoonotic Diseases Drive Growth In The Veterinary Excipients Market: A Significant Driver Propelling The Veterinary Excipients Market In 2025
Veterinary Excipients
What Is the Veterinary Excipients Market Size and Projected Growth Rate?
The veterinary excipients market will grow from $0.94 billion in 2024 to $1 billion in 2025 at a CAGR of 6.0%. The growth in recent years is linked to the rise in pet ownership, advancements in veterinary medicine, increasing demand for animal protein, higher pet healTH*Care expenditures, and the expansion of animal healTH*Care infrastructure.
The veterinary excipients market is expected to grow to $1.24 billion by 2029 at a CAGR of 5.7%. This growth is driven by an increasing focus on animal welfare, higher pet insurance coverage, rising zoonotic diseases, growth in the veterinary pharmaceuticals market, and the emergence of new excipients. Trends include personalized medicine for animals, the use of natural and organic excipients, integration of digital health solutions, and innovation in veterinary health technologies.
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What Are the Major Segments in the Veterinary Excipients Market?
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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What Are The Driving Veterinary Excipients Market Evolution?
The increase in zoonotic diseases is expected to drive the veterinary excipients market. Zoonotic diseases, transmitted from animals to humans, are rising due to environmental and farming factors. Veterinary excipients play a vital role in ensuring the stability and effectiveness of medications used to treat these diseases. In November 2023, European Union One Health reported a significant rise in West Nile virus cases, indicating the need for veterinary excipients to manage zoonotic diseases.
Which Firms Dominate The Veterinary Excipients Market Segments?
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 Veterinary Excipients Market Trends Are Gaining Traction Across Different Segments?
In the veterinary excipients market, companies are developing products like VitiPure excipients to meet the demand for high-purity excipients in veterinary health applications. Clariant, a Switzerland-based chemical company, launched VitiPure excipients in October 2023, which are designed to enhance the stability and solubility of active pharmaceutical ingredients used in veterinary applications.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Excipients Market?
2. What is the CAGR expected in the Veterinary Excipients Market?
3. What Are the Key Innovations Transforming the Veterinary Excipients Industry?
4. Which Region Is Leading the Veterinary Excipients Market?
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