Veterinary Excipients Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Veterinary Excipients Market?
The growing incidence of zoonotic diseases is expected to drive the veterinary excipients market. Zoonotic diseases, which can be transmitted from animals to humans, are on the rise due to environmental factors and habitat changes. Veterinary excipients are used in formulating medications for zoonotic diseases, ensuring their safety and efficacy. In November 2023, European Union One Health reported a significant increase in West Nile virus infections in 2022. Thus, the rise in zoonotic diseases is contributing to the growth of the veterinary excipients market.
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#How Will the CAGR of the Veterinary Excipients Market Influence Its Overall Growth by 2034?
The veterinary excipients market size will expand from $0.94 billion in 2024 to $1 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth is due to increased pet ownership, advancements in veterinary medicine, rising demand for animal protein, increased pet healthcare expenditure, and the expansion of animal healthcare infrastructure.
The veterinary excipients market will reach $1.24 billion by 2029, growing at a CAGR of 5.7%. Growth factors include a focus on animal welfare, pet insurance adoption, zoonotic disease prevalence, and the veterinary pharmaceutical market’s expansion. Trends include personalized medicine, natural excipients, digital health integration, and technological advancements.
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What Are the Key Market Innovations in theVeterinary Excipients Market Over the Coming Years?
Major companies in the veterinary excipients market are developing products like VitiPure excipients to meet the growing demand for veterinary health. VitiPure excipients enhance the stability and solubility of active pharmaceutical ingredients (APIs) in various applications. For example, in October 2023, Clariant introduced VitiPure excipients, including VitiPure O 80 Superior, a low microbial load Polysorbate 80 valued for its purity, colorlessness, and odorlessness.
Who Are the Top Companies Driving Innovation and Growth in theVeterinary 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
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Which Key Market Segments Comprise the Veterinary Excipients Market and Drive Its Revenue Growth?
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 Regions Are Emerging as Leaders 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.
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