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How Fast Is The Veterinary Excipients Market Expected to Grow Between 2025 And 2029?

The size of the veterinary excipients market has witnessed remarkable expansion in the recent past. Showing progress from $0.94 billion in 2024, it is projected to reach $1 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. The expansion during the historical period can be associated with the rise in pet ownership, advancements in veterinary medicine, increased demand for animal protein, elevated spending on pet healthcare, and the growth of the animal healthcare infrastructure.

What Growth Rate Is Anticipated for the Veterinary Excipients Market in the Coming Years?

In the next few years, the veterinary excipients market is anticipated to witness robust expansion. The market is forecasted to reach $1.24 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.7%. Factors such as rising attention to animal healthcare, increasing pet insurance packages, expanding presence of zoonotic diseases, growth of the veterinary pharmaceuticals sector, and emergence of new excipients are projected to fuel the growth during the forecast period. The upcoming trends include personalized animal medications, adoption of natural and organic excipients, digital health solutions integration, innovation in the veterinary healthcare sector, and technological advancements.

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Who Are the Leading Companies 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

What Are the Key Drivers of the Veterinary Excipients Market?

The rise in zoonotic diseases is forecasted to fuel the expansion of the veterinary excipients market. These are infections that can pass from animals to humans, and their prevalence is climbing due to factors such as habitat encroachment, climate change, intensive farming, wildlife trade, deforestation, inadequate sanitation, and changes in ecosystems, underlining the necessity for immediate intervention. Veterinary excipients are used to structure medicines that treat these diseases, ensuring the stability, effectiveness, and safety of the active ingredients for animal wellbeing. For instance, the European Union One Health stated in November 2023, that an Italy-based food safety authority reported a more than 600% surge in locally contracted human West Nile virus infections, a disease spread by mosquitoes, in 2022 compared to 2021. As such, the upswing in zoonotic diseases is stimulating the growth of the veterinary excipients market.

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What Are the Key Market Segments in the Veterinary Excipients Industry?

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

What Are the Latest Trends in the Veterinary Excipients Market?

Leading organizations in the veterinary excipients market are introducing novel products like VitiPure excipients to meet the rising demand for veterinary healthcare. VitiPure excipients form a series of extremely pure excipients aiming to bolster the stability and solubility of active pharmaceutical ingredients (APIs) in diverse uses. To exemplify, in October 2023, Clariant, a Swiss specialty chemicals company, introduced various VitiPure excipients, providing versatile assistance for a variety of API concoctions and delivery methods, such as sensitive substances like mRNA vaccines and biologics. It is worth noting that VitiPure O 80 Superior is a highly-regarded, low microbial load Polysorbate 80, known for its very few impurities and its transparent and scentless characteristics.

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What Are the Key Regional Markets in the Veterinary Excipients Industry?

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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This Report Delivers Insight On:

1. How big is the veterinary excipients market, and how is it changing globally?

2. Who are the major companies in the veterinary excipients market, and how are they performing?

3. What are the key opportunities and risks in the veterinary excipients market right now?

4. Which products or customer segments are growing the most in the veterinary excipients market?

5. What factors are helping or slowing down the growth of the veterinary excipients market?

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