Veterinary Excipients Trends and Opportunities 2025-2034: A Comprehensive Guide to Growth Insights
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What Factors Are Driving the Anticipated Growth Rate of the Veterinary Excipients Market Through 2034?
In the past few years, the market size for veterinary excipients has seen substantial growth. The market is projected to expand from $0.94 billion in 2024 to reach $1 billion by 2025, a Compound Annual Growth Rate (CAGR) of 6.0%. The historical growth in this sector can be related to factors such as the rise in pet ownership, advancements in veterinary medical technology, increased demand for animal proteins, higher spending on pet healthcare, and the expansion of the animal healthcare infrastructure.
In the forthcoming years, a substantial increase is expected in the size of the veterinary excipients market, predicted to rise to a staggering $1.24 billion by 2029 with a 5.7% Compound Annual Growth Rate (CAGR). This surge within the projected timeline is primarily due to factors such as greater emphasis on animal well-being, an increase in pet insurance availability, the escalating occurrence of zoonotic diseases, a burgeoning veterinary pharmaceuticals market, and the advent of innovative excipients. Key trends during this forecast period encompass personalized medicinal treatments for animals, a rise in the utilization of natural and organic excipients, the incorporation of digital health solutions, innovations in the veterinary health sector, and technological progressions.
What Major Innovations Are Driving the Accelerated Growth of the Veterinary Excipients Market?
The veterinary excipients market’s growth is projected to be driven by the rise in zoonotic diseases. Zoonotic diseases, which are conditions that animals can transmit to humans, are on the rise due to several factors, including encroachment of habitats, climate change, intensive farming, wildlife trading, deforestation, poor sanitation, and changes in the ecosystem. This urgent scenario requires the formulation of medications by veterinary excipients to treat these diseases while ensuring the stability, safety, and effectiveness of its active constituents for the health of animals. An example is the report from the European Union One Health by the Italy-based food safety authority in November 2023, which claimed that human infections of West Nile virus, a disease transmitted by mosquitos, locally acquired, increased more than 600% in 2022 compared to 2021. Hence, the rising prevalence of zoonotic diseases is fueling the growth of the veterinary excipients market.
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Who Are the Major Industry Leaders Accelerating 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
Which Current Trends Are Having the Most Impact on the Veterinary Excipients Market?
Major corporations in the veterinary excipients market, such as VitiPure excipients, are adapting by offering innovative products in response to increased need for veterinary health. VitiPure excipients, a product line with high purity, are designed specifically to raise stability and solubility of active pharmaceutical ingredients (APIs) in multiple fields of application. For example, Clariant, a specialty chemical company based in Switzerland, introduced a variety of VitiPure excipients in October 2023 to provide flexible support for various API formulations and administration methods, notably delicate substances like mRNA vaccines and biologics. Importantly, VitiPure O 80 Superior, a premium Polysorbate 80 with a low microbial load, is highly valued for its minimal impurities and clear, scentless characteristics.
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How Are Key Segments Defining the Competitive Landscape of 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
Which Regions Are Key Players in the Growth of 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.
How Is the Scope and Reach of the Veterinary Excipients Market Defined?
Veterinary excipients are inactive substances used in the formulation of veterinary medications. These substances serve as the vehicle or medium for the active ingredients in the medication, aiding in the manufacturing process and ensuring the drug’s stability, bioavailability, and overall effectiveness. Veterinary excipients are essential components of animal medications, playing crucial roles in the formulation, efficacy, safety, and usability of veterinary pharmaceutical products.
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