About Veterinary API
Veterinary APIs, which stands for Veterinary Active Pharmaceutical Ingredients, are the essential components that produce the intended effect in veterinary medicines. Just like human medications, veterinary drugs have specific ingredients that cause the desired therapeutic outcome in animals. Veterinary APIs are the building blocks for these medications. Veterinary APIs (Active Pharmaceutical Ingredients) are the essential elements that make veterinary drugs work. They are the building blocks used to manufacture medications for animals, similar to how human medications are produced. By addressing these trends and implementing these growth strategies, the veterinary API market is well-positioned for continued expansion in the foreseeable future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Veterinary API market is moderately competitive and covers the various market growth key players. In terms of market share, some manufacturers are presently dominating the global market. These market players are focusing on strategic business initiatives to enhance their market share and improve their overall business profitability. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Veterinary API market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boehringer Ingelheim International GmbH (Germany), Zoetis, Inc. (United States), Elanco Animal Health, Inc. (United States), Merck & Co., Inc. (United States), Virbac (France), Vetoquinol SA (France), Sequent Scientific Limited (India), Phibro Animal Health Corporation (United States), Febbrica Italina Sintetici S.P.A. (Nine Trees Group S.p.A) (Italy) and Excel Industries Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Menadione (Spain), LasaSupergenerics Ltd. (India), Excel Veterinary HealthcareVetpharma (Argentina), Huvepharma (Bulgaria) and Jiangsu Lingyun Pharmaceutical Co. Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Veterinary API market by Type (Parasiticides, Anti-inflammatory, Antimicrobials, Vaccines, Hormones and Others) and Region.
On the basis of geography, the market of Veterinary API has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Veterinary API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Synthesis Type, the sub-segment i.e. Chemical will boost the Veterinary API market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing awareness on animal healthcare
Market Growth Drivers:
Rising prevalence of animal diseases and Growing focus on preventive healthcare
Challenges:
Increasing concern about antibiotic resistance in animals
Restraints:
Difficulties in large-molecular-weight API synthesis
Opportunities:
Increasing investment in Pharmaceutical companies and Expansion of Livestock Production
Market Leaders and their expansionary development strategies
In March 2023, Willow Biosciences and SUANFARMA jointly announced execution of a collaboration agreement for a cell line productivity optimization development program for manufacturing a large volume anti-infective Active Pharmaceutical Ingredient (“API”) through precision fermentation. Through the partnership, SUANFARMA will have access to Willow’s proprietary strain optimization technologies to develop a more cost-effective production process.
In December 2022, eVerse.AI which is a leading technology company operating in Dairy, Agriculture and Sustainability space has launched CowGPT. It is the world's first Generative AI application purpose built for this space. Generative AI has been creating a lot of buzz in the industry for a year or so and it has already started transforming several industries at a rapid pace.
Key Target Audience
Manufacturing companies, Potential Investors, Market & Research Consultancy Firm, Research & Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.