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Veterinary Excipients Market
Veterinary Excipients Market – By Product Type (Binders, Disintegrants, Emulsifiers, Fillers), Formulation (Oral, Injectable), Animal Type (Livestock, Companion), Application (Drug Formulation, Feed Additives, Biologics), Global Forecast 2024  2032
Published Date: May - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationVeterinary Excipients Market Size
Veterinary Excipients Market was valued at USD 1.3 billion in 2023 and is projected to have over 3.7% CAGR between 2024 and 2032. The market is poised to grow steadily as a result of the increasing incidence of zoonotic diseases with a surging focus on preventive care and medicines for veterinary/ animal care.
To get key market trends
The growth in the demand for veterinary drugs has thus triggered a corresponding increase in the demand for excipients. For example, according to Health for Animals, a member organization of the Global National Health Association, an estimated 20% of preventable diseases significantly cause animal deaths, posing a challenge to farmers, veterinarians, and medicine suppliers. Therefore, the growing focus on disease treatment and prevention has boosted demand for successful drugs, thus propelling the demand for excipients in formulation. This trend is expected to drive considerable market growth as pharmaceuticals focus on efficacy and innovation in the next few years.
Veterinary excipients are an additive employed in combination with veterinary active pharmaceutical ingredients to improve stability, solubility, and bioavailability, and enable drug delivery. They may function as carriers, diluents, binders, or disintegrants, ensuring proper formulation and administration of veterinary drugs for animal health management.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Veterinary Excipients Market Size in 2023 | USD 1.3 Billion |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 3.7% |
| 2024 – 2032 Value Projection | USD 1.8 Billion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 263 |
| Segments covered | Product Type, Formulation, Animal Type, Application, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Veterinary Excipients Market Trends
- As the market for veterinary drugs expands and gains traction, regulatory standards are converging to establish unified guidelines for drug approval, attracting more investors to the market. For instance, the European Medicines Agency's (EMA) updated regulations on veterinary medicines, including revisions to the Committee for Veterinary Medicinal Products (CVMP) and the coordination of veterinary pharmacovigilance activities in the EU / European Economic Area (EEA). The updated regulations aimed to enhance the quality and safety standards for veterinary medicines, necessitating the use of high-quality excipients to comply with the new requirements.
- Thus, revised regulations prioritized quality, safety, and efficacy in veterinary medicines, fostering growth in the excipients market.
Veterinary Excipients Market Analysis
Learn more about the key segments shaping this market
On the basis of product type, the industry is divided into binders, disintegrants, viscosity agents, fillers and diluents, flavoring agents, lubricants and glidants, emulsifiers, preservatives, and other product types. The binders segment is predicted to continue its dominant position, generating revenue of approximately USD 250 million in 2023 with an estimated growth rate of 3.4% over the forecast period.
- The recent demand for oral drugs in veterinary medicine has contributed to widespread use of binders in a vast variety of formulations in most animal species. Binders are essential to maintain cohesion and integrity of the dosage form and thus enhance efficacy.
- Their critical role in guaranteeing dosage form, efficacy and stability makes binders core products shaping the market
Learn more about the key segments shaping this market
Based on formulation, the veterinary excipients market is classified into oral, injectable, topical, and other formulations. The oral formulation secured the largest business share of 51.5% in 2023.
- Oral formulations have emerged as the dominant segment in the market due to their convenience, ease of administration, and versatility. These formulations involve several types, including tablets, powders, drenches, and solutions, catering to various animal species and medical conditions.
- Further, factors such as improved palatability, controlled-release technologies, and the ability to modify dosages contribute to the popularity of oral medications among veterinarians and pet owners. As a result, excipients used in oral formulations command a significant share of the veterinary pharmaceutical market, driving innovation and demand for high-quality veterinary active pharmaceutical ingredients.
Based on animal type, the veterinary excipients market is classified into livestock animals and companion animals. The livestock animals segment is anticipated to grow at 4% CAGR over the forecast timeline.
- The impact of veterinary drugs is driven by the huge livestock population base globally. The Food and Agriculture Organization (FAO) estimates place around 1.5 billion cattle, 0.9 billion pigs, 26 billion chickens, 1.3 billion sheep, and 1.1 billion goats in 2022. These huge numbers reflect the huge market for veterinary drugs to maintain the health and happiness of these animal populations.
- In addition, the focus on the health and welfare of livestock, as well as on regulation for safety and biosecurity, has underlined the importance of veterinary medicines and excipients for protecting animal health and maintaining food supplies.
Based on application, the veterinary excipients market is classified into drug formulation, feed additives, and biologics. The drug formulations segment is projected to reach around USD 1 billion by 2032.
- Outsourcing the production of excipients offers cost-saving to the pharmaceutical companies, enabling them to invest in core business activities such as drug discovery and marketing. Further, with the pharmaceutical companies focusing on efficiency and quality, the market is set for expansion, with a growing demand for consistent suppliers with specialized expertise and good-quality excipients. This trend is predicted to fuel demand for specialist excipient manufacturers able to provide high-quality ingredients.
- The sector is expected to realize development driven by partnerships among dominant players and innovations that redefine the veterinary service market.
Looking for region specific data?
In the veterinary excipients market, North America accounted for a substantial market share of 37.5% in 2023.
- The region’s dominance in the market can be attributed to its advanced veterinary healthcare infrastructure, high rates of pet ownership, and significant investments in R&D activities for veterinary care.
- The surge in pet adoption in the U.S. is set to drive market expansion. Notably, around 70% of U.S. households own pets, as per the National Pet Owners Survey 2021-2022. This trend, along with strategic initiatives is expected to augment the regional market growth. For instance, in August 2022, the California Animal Welfare Funders collaboratively granted USD 30,000 to 19 organizations, emphasizing the growing focus on veterinary care including proper feed, medicines, and diagnostics as required.
Veterinary Excipients Market Share
The veterinary excipients market includes major players competing for greater share. The competition is fueled by the likes of product development, quality, regulatory compliance, and pricing strategy, with the companies vying to gain a top position in the booming veterinary pharmaceutical market.
Veterinary Excipients Market Companies
Prominent players operating in the veterinary excipients industry are as mentioned below
- Alchemy Impex.
- Azelis Group
- BASF SE
- Clariant
- Colorcon
- Croda International Plc
- Gattefosse Group
- IOI Oleo GmbH
- JRS Pharma
- Lipoid GmbH
- Seppic
- Synergy API
Veterinary Excipients Industry News
- In August 2023, Clariant launched three new VitiPure excipients at the Convention on Pharmaceutical Ingredients (CPHI) Barcelona. The VitiPure series, such as VitiPure O 80 Superior, VitiPure Meglumine LEX, and VitiPure CO 35, acted as solubilizers and emulsifying agents for both human and animal pharmaceutical sectors. The launch was supposed to enrich Clariant's healthcare business segment, addressing changing industry technologies such as biologics.
- In May 2022, Nuzoa and TheraVet entered into an exclusive distribution contract, representing a turning point for the BIOCERA-VET product range in Spain. The deal facilitated the entry of TheraVet into Spanish business, tapping Nuzoa's sales and marketing expertise in the veterinary business to drive marketing for BIOCERA-VET products.
The veterinary excipients market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 - 2032 for the following segments
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Market, By Product Type
- Binders
- Disintegrants
- Viscosity agents
- Fillers and diluents
- Flavoring agents
- Lubricants and glidants
- Emulsifiers
- Preservatives
- Other product types
Market, By Formulation
- Oral
- Injectable
- Topical
- Other formulations
Market, By Animal Type
- Livestock animal
- Companion animals
Market, By Application
- Drug formulation
- Feed additives
- Biologics
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
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Table of Content
-
Introduction
1.1 Overview of Veterinary Excipients
1.2 Importance in Animal Pharmaceuticals
-
Market Dynamics
2.1 Market Drivers
2.2 Market Restraints
2.3 Market Opportunities
2.4 Market Challenges
-
Types of Veterinary Excipients
3.1 Fillers and Diluents
3.2 Binders
3.3 Disintegrants
3.4 Lubricants and Glidants
3.5 Preservatives
3.6 Others
-
Applications
4.1 Oral Dosage Forms
4.2 Injectable Dosage Forms
4.3 Topical Dosage Forms
4.4 Others
-
Key Market Segmentation
5.1 By Animal Type (Companion Animals, Livestock, Poultry, Others)
5.2 By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
-
Competitive Landscape
6.1 Major Players and Market Share
6.2 Recent Developments and Innovations
6.3 Strategic Partnerships and Collaborations
-
Regulatory Framework
7.1 Key Regulations Affecting Veterinary Excipients
7.2 Compliance and Safety Standards
-
Market Trends and Future Outlook
8.1 Emerging Technologies
8.2 Growth Forecast (2025 and beyond)
-
Conclusion
-
References
Introduction
1.1 Overview of Veterinary Excipients
1.2 Importance in Animal Pharmaceuticals
Market Dynamics
2.1 Market Drivers
2.2 Market Restraints
2.3 Market Opportunities
2.4 Market Challenges
Types of Veterinary Excipients
3.1 Fillers and Diluents
3.2 Binders
3.3 Disintegrants
3.4 Lubricants and Glidants
3.5 Preservatives
3.6 Others
Applications
4.1 Oral Dosage Forms
4.2 Injectable Dosage Forms
4.3 Topical Dosage Forms
4.4 Others
Key Market Segmentation
5.1 By Animal Type (Companion Animals, Livestock, Poultry, Others)
5.2 By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
Competitive Landscape
6.1 Major Players and Market Share
6.2 Recent Developments and Innovations
6.3 Strategic Partnerships and Collaborations
Regulatory Framework
7.1 Key Regulations Affecting Veterinary Excipients
7.2 Compliance and Safety Standards
Market Trends and Future Outlook
8.1 Emerging Technologies
8.2 Growth Forecast (2025 and beyond)
Conclusion
References
List Tables Figures
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