Veterinary Excipients Market on Track for Strong Growth, Estimated to Grow at 5.7% CAGR Through 2029

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What Is the Expected CAGR for the Veterinary Excipients Market Through 2025?
The size of the veterinary excipients market has experienced significant growth in recent years. It is anticipated to expand from $0.94 billion in 2024 to roughly $1 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors influencing the growth during the historic period include a surge in pet ownership, developments in veterinary medicine, an increase in the requirement for animal protein, a rise in spending on pet healthcare and enhancement of the animal healthcare infrastructure.

What's the Projected Size of the Global Veterinary Excipients Market by 2029?
In the coming years, the veterinary excipients market is predicted to witness significant expansion. The market is forecasted to reach $1.24 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in this period is credited to the growing focus on animal welfare, the rise in pet insurance, the increasing occurrence of zoonotic diseases, the expansion of the veterinary pharmaceuticals market, and the introduction of innovative excipients. The forecast period will also see trends such as personalised animal medicine, the adoption of natural and organic excipients, the integration of digital health solutions, veterinary health industry innovation, and technological advancements.

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Top Growth Drivers in the Veterinary Excipients Industry: What's Accelerating the Market?
The surge in zoonotic diseases, illnesses transferable from animals to humans, is set to boost the expansion of the veterinary excipients market. These diseases are proliferating due to causes such as habitat encroachment, climate change, intensive farming, wildlife commerce, deforestation, inadequate sanitation, and changes in ecosystems, prompting the need for immediate intervention. Veterinary excipients help in developing medication for zoonotic diseases by ensuring the stability, efficacy, and safety of the active ingredients, thus protecting animal health. To exemplify, European Union One Health, a food safety authority from Italy reported in November 2023, that the instances of locally transmitted human West Nile virus infections, a disease transmitted by mosquito, soared by over 600% in 2022 compared to 2021. Consequently, the rise in zoonotic diseases is pushing the progression of the veterinary excipients market.

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What Trends Will Shape the Veterinary Excipients Market Through 2029 and Beyond?
Leaders in the veterinary excipients market, such as Clariant, a specialty chemical firm based in Switzerland, are bringing out innovative products like VitiPure excipients to fulfill the rising demand for veterinary health. The VitiPure excipients stand out with their high purity suited to boost the stability and solubility of active pharmaceutical ingredients (APIs) in numerous applications. In October 2023, the company introduced a variety of VitiPure excipients to provide flexible application for various API formulations and administration approaches. This includes sensitive products such as mRNA vaccines and biologics. Particularly, VitiPure O 80 Superior, a leading Polysorbate 80 with a low microbial load, is highly regarded for its reduced impurities and lack of color and odor.

What Are the Main 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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Which Top Companies are Driving Growth in the Veterinary Excipients Market?
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

Which Regions Will Dominate the Veterinary Excipients Market Through 2029?
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.

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