The veterinary active pharmaceutical ingredients manufacturing market size has seen strong growth in recent years. It has expanded from $7.46 billion in 2024 to an anticipated $8.05 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 7.9%. Increasing pet ownership rates, the introduction of stricter regulatory standards, an increased focus on animal nutrition, as well as increased investment in research and development and global economic growth, have all significantly contributed to this historic growth.
Looking forward, the veterinary active pharmaceutical ingredients manufacturing market is predicted to continue its robust growth, reaching an impressive $11.19 billion in 2029, holding a compound annual growth rate (CAGR) of 8.6%. This forecasted growth is largely due to the advancements in personalized veterinary medicine, greater global expansion of the market, a heightened focus on regulatory compliance, and an increased concern for animal welfare. Major trends projected for the forecast period include the rise of technological advancements within manufacturing processes, increasing API manufacturing outsourcing, the shift towards biotechnology-based APIs, and the maturing digitalization and automation in manufacturing.
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What Factors are Promoting the Expansion of the Veterinary Active Pharmaceutical Ingredients Manufacturing Market?
The burgeoning number of pet owners has resulted in the significant growth of the veterinary active pharmaceutical ingredients manufacturing market. In 2022, pet ownership in Australia, as reported by Animal Medicines Australia, showed a significant upward growth trend, reaching 28,730.8 pet owners, up 24% from the previous year. This dramatic increase in pet ownership underscores both the rising popularity of pets in households and a considerable investment in pet care, both of which act as significant drivers in the veterinary active pharmaceutical ingredients manufacturing market.
How is the Veterinary Active Pharmaceutical Ingredients Manufacturing Market Segmented?
1) By Product: Antiparasitic, Anti-Infectives, Vaccines, NSAIDs
2) By Service Type: In House, Contract Outsourcing
3) By Synthesis Type: Chemical Based API, Biological API, Highly Potent API
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Who are the Major Players Operating in the Veterinary Active Pharmaceutical Ingredients Manufacturing Market?
Key global players operating in the veterinary active pharmaceutical ingredients manufacturing market include Alivira Animal Health Limited, Excel Industries Limited, Ofichem Group B.V., Jiangsu Lingyun Pharmaceutical Co. Ltd., SUANFARMA S.A., NGL Fine-Chem Limited, FIS – Fabbrica Italiana Sintetici S.p.A., Lupin Limited, Aurobindo Pharma Limited, Saneca Pharmaceuticals AS, Neuland Laboratories Limited, Divi’s Laboratories Limited, Zoetis Inc., Grupo Indukern S.L., Sequent Scientific Limited, Chempro Pharma Private Limited, AMGIS Lifescience Ltd., Huvepharma AD, Vetpharma Animal Health S.L., Qilu Pharma Spain S.A., INDUKERN Chemie AG, Chemopharma S.A., Norbrook Laboratories Limited, Ceva Santé Animale S.A., Vetoquinol S.A., Virbac S.A.
What Trends are Steering the Veterinary Active Pharmaceutical Ingredients Manufacturing Market Forward?
Recent advancements in product innovation present a promising trend for the veterinary active pharmaceutical ingredient manufacturing market. For instance, Zoetis Inc., U.S-based animal health and wellness company, has released Solensia (frunevetmab injection) in 2022, the only injectable monoclonal antibody treatment for feline OA pain with FDA approval. Solensia works by neutralizing nerve growth factor (NGF), a primary cause of osteoarthritis-associated pain.
Which Region Dominates the Veterinary Active Pharmaceutical Ingredients Manufacturing Market?
In 2024, North America held the largest share in the veterinary active pharmaceutical ingredients manufacturing market. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Veterinary Active Pharmaceutical Ingredients Manufacturing Market Report 2025 Offer?
The Veterinary Active Pharmaceutical Ingredients Manufacturing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Veterinary active pharmaceutical Ingredients (APIs) manufacturing involves the process of chemical compound production that is biologically active and is used in veterinary medication. These APIs are essential in combating diseases and bolstering animal health.
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