Veterinary Excipients Market Size

Veterinary Excipients Market Size

Veterinary Excipients Market size was valued at USD 1.3 billion in 2023 and is anticipated to register of over 3.7% CAGR from 2024 to 2032. The market is anticipated to exhibit steady growth due to the rising prevalence of zoonotic diseases with a growing emphasis on preventive measures and medications for veterinary/ animal healthcare.

To get key market trends

  Download Free Sample

The surge in demand for veterinary pharmaceuticals has consequently fostered a parallel rise in the need for excipients. For instance, as reported by Health for Animals, a member of the Global National Health Association, around 20% of preventable diseases substantially contribute to animal fatalities, presenting a challenge for farmers, veterinarians, and medicine providers. Thus, the increasing emphasis on disease prevention and treatment has increased the demand for effective medications, consequently driving the need for excipients in formulation. This trend is anticipated to fuel significant market growth as pharmaceuticals prioritize efficacy and innovation in the coming years.

Veterinary excipients are an additive used alongside veterinary active pharmaceutical ingredients to enhance stability, solubility, and bioavailability, and facilitate drug delivery. They serve as carriers, diluents, binders, or disintegrants, ensuring appropriate formulation and administration of veterinary pharmaceuticals for animal health management.