Growth Opportunities and Trends in the Veterinary Excipients Market: Key Insights for 2025-2034
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What fueled the previous growth in the veterinary excipients market?
In the past few years, the market size for veterinary excipients has experienced substantial growth. Projected growth is from $0.94 billion in 2024 to $1 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The historical growth of this market is associated with factors such as a rise in pet ownership, advancements in the field of veterinary medicine, increased demand for animal protein, growth in spending on pet healthcare, and the development of animal healthcare infrastructure.
What will be the veterinary excipients market size in the future?
In the forthcoming years, the veterinary excipients market size is forecasted to witness robust growth, reaching $1.24 billion in 2029, accelerating at a compound annual growth rate (CAGR) of 5.7%. The future growth is expected due to factors such as heightened interest in animal welfare, an increase in pet insurance options, the rising occurrence of zoonotic diseases, the development of the veterinary pharmaceuticals market, and the appearance of innovative excipients. The forecast period is set to see trends like customized medical treatments for animals, the use of natural and organic excipients, the incorporation of digital health solutions, pioneering progress in the veterinary health sector, and advancements in technology.
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What main drivers are fueling expansion in the veterinary excipients market?
The escalation in diseases transmissible from animals to humans, or zoonotic diseases, is projected to fuel the expansion of the veterinary excipients market in the future. A variety of factors are causing a rise in zoonotic diseases including encroachment on animal habitats, climate changes, intensive farming methods, international wildlife trade, large scale deforestation, unsanitary environmental conditions, and modifications in ecosystems, making immediate remedial action a necessity. Veterinary excipients, which are incorporated in the making of medications designed to combat these zoonotic diseases, guarantee the consistency, effectiveness, and secure application of the active ingredients for the welfare of animals. For example, data from the Italy-based food safety authority European Union One Health from November 2023 cites a more than 600% spike in West Nile virus infections, which is transferred to humans by mosquitos, locally contracted during 2022, compared to the previous year, 2021. Thus, the rising occurrence of zoonotic diseases is fostering the progress of the veterinary excipients market.
What key areas define the segmentation of the global 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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Who are the key players steering the development of 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
What are the key trends shaping the future of the veterinary excipients market?
Major businesses in the veterinary excipients sector are creating novel products, like VitiPure excipients, to fulfill the escalating demand for animal healthcare. VitiPure excipients are a highly pure range of excipients developed to improve the stability and dissolvability of active pharmaceutical ingredients (APIs) in various uses. For example, Clariant, a Swiss specialty chemical firm, introduced an array of VitiPure excipients in October 2023. This versatility aids a variety of API formulations and delivery techniques, especially those involving sensitive substances such as mRNA vaccines and biologics. Notably, VitiPure O 80 Superior stands out as a premium, low microbial load Polysorbate 80, recognized for its limited contaminants and its colorless, odorless characteristics.
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What regions are contributing significantly to 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.
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