Veterinary API Market worth $11.9 billion by 2028
Veterinary API market in terms of revenue was estimated to be worth $8.5 billion in 2023 and is poised to reach $11.9 billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. Factors like Increasing emphasis on disease prevention and control, growing animal population and pet ownership, rising demand for veterinary medicines, and growing awareness of animal welfare are expected to drive the development and growth of the veterinary API market.
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Veterinary API market major players covered in the report, such as:
- Phibro Animal Health Corporation (US)
- Fabbrica Italiana Sintetici S.p.A. (Italy)
- Sequent Scientific Ltd. (India)
- Excel Industries Ltd. (India)
- NGL Fine-Chem Ltd. (India)
- Insulnsud Pharma (Spain)
- Menadiona Sl (Spain)
- Rochem International Inc. (US)
- Shaanxi Hanjiang Pharmaceutical Group Co. Ltd. (China)
- and Among Others
The research report categorizes Veterinary API market into the following segments and sub-segments:
By API Type
- Parasiticides
- Vaccines
- Antimicrobials
- Anti-inflammatory
- Hormones
- Other Veterinary APIs
By Synthesis Type
- Chemical based API
- Biological API
- Highly potent API
By Route of Administration
- Oral
- Injectable
- Topical
- Others
By Animal Type
- Companion animals
- Livestock animals
By Country
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Australia
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East and Africa
- Turkey
- Rest of MEA
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The key stakeholders in the Veterinary API market include:
- Veterinary API Manufacturers
- Veterinary API Distributors
- Animal Health R&D Companies
- Veterinary Clinics and Hospitals
- Veterinary Pharmaceutical Associations
- Veterinary Research Institutes and Universities
- Venture Capitalists and Investors
- Market Research and Consulting Firms
- Government Associations
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