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Veterinary Active Pharmaceutical Ingredients (API) Market Share
- Report ID: GMI5410
- Published Date: Jul 2023
- Report Format: PDF
Veterinary Active Pharmaceutical Ingredients Market Share
Few of the key players operating in the veterinary active pharmaceutical ingredients market include
- Vetpharma
- Huvepharma
- Alivira Animal Health Ltd
- NGL Fine-Chem Ltd
- Excel Industries Ltd.
- INDUKERN Chemie AG
- AMGIS Lifescience Ltd.
Frequently Asked Questions (FAQ) :
Global market for veterinary active pharmaceutical ingredients valued to be USD 6.3 billion in 2022 and is projected to witness growth at a CAGR of 7% through 2032 due to increasing prevalence of animal diseases.
Chemical-based API segment held a major market share of 57.4% in 2022 and is expected to record healthy growth as these chemical based APIs have pharmacological activity mainly used with combination of other ingredients to diagnose, cure, mitigate, and treat veterinary diseases.
North America region held more than 39% revenue share in 2022 and is expected to reach over USD 4.5 billion by 2032, attributed to the significant pet expenditure, presence of large number of grazing animals, and supportive government initiatives.
Vetpharma, Huvepharma, Alivira Animal Health Ltd, NGL Fine-Chem Ltd, Excel Industries Ltd., INDUKERN Chemie AG, and AMGIS Lifescience Ltd. among others.
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