The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Veterinary Active Pharmaceutical Ingredients Manufacturing Global Market Report 2023, the veterinary active pharmaceutical ingredients manufacturing market is expected to show significant growth in the forecast period.

Key insights from the veterinary active pharmaceutical ingredients manufacturing market forecast include:

1. Market Size

The global veterinary active pharmaceutical ingredients manufacturing market is expected to grow from $6.37 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The veterinary active pharmaceutical ingredients manufacturing market size is expected to grow to $9.11 billion in 2027 at a CAGR of 7.3%.

2. Major Driver

The growing number of pet owners is likely to drive the growth of the veterinary active pharmaceutical ingredients manufacturing market in the coming years. Individuals who own or adopt a pet animal are referred to as pet owners. Pet owners offer necessary health care for their dogs, increasing the demand for veterinary pharmaceuticals. According to the South China Morning Post, a Hong Kong-based English-language daily, there will be 62.94 million pet owners in China in 2020, up from 62.8 million in 2019. As a result, rising pet ownership is boosting the veterinary active pharmaceutical ingredient manufacturing industry.

View More On The Veterinary Active Pharmaceutical Ingredients Manufacturing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-active-pharmaceutical-ingredients-manufacturing-global-market-report

3. Key Trend

Product innovation is a key trend that is gaining traction in the market for veterinary active pharmaceutical ingredients. To maintain their market positions, major market players are working on innovative items. For example, Lasa Supergenerics Limited, an India-based active pharmaceutical ingredient (API) manufacturing company, will launch Oxyclozanide in June 2021. Oxyclozanide is a new anthelmintic that treats and manages fascioliasis, a topical worm infection in ruminants such as cattle (especially buffalos on farms), goats, and sheep. Oxyclozanide is widely used in the veterinary business and has great market potential on both the domestic and international levels.

4. Largest Region

North America was the largest region in the veterinary active pharmaceutical ingredients manufacturing market in 2022.

5. Major Players

Major players in the food diagnostics market are Alivira Animal Health Limited, Excel Industries Limited, Ofichem Group, Menadiona SL, Afton Pharma, Jiangsu Lingyun Pharmaceutical Co Limited, SUANFARMA, NGL Fine-Chem Limited, FIS Fabbrica Italiana Sintetici SpA, Lupin Limited, Aurobindo Pharma Limited, Albemarle Corporation, Saneca Pharmaceuticals AS, Neuland Laboratories Limited, and Divi’s Laboratories Limited.

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Key Veterinary Active Pharmaceutical Ingredients Manufacturing Market Segments
The global veterinary active pharmaceutical ingredients manufacturing market is segmented –
1) By Product: Antiparasitic, Anti-Infectives, Vaccines, and NSAIDs
2) By Service Type: In-House, Contract Outsourcing
3) By Synthesis Type: Chemical-Based API, Biological API, Highly Potent API

The Veterinary Active Pharmaceutical Ingredients Manufacturing Global Market Report 2023  provides an in-depth analysis on the veterinary active pharmaceutical ingredients manufacturing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the veterinary active pharmaceutical ingredients manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Veterinary Stereotactic Radiosurgery System Global Market Report 2023
Veterinary Pain Management Global Market Report 2023
Veterinary Infectious Disease Diagnostics Global Market Report 2023

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