Global Animal Drug Compounding Market Size & Outlook
The animal drug compounding industry worldwide is expected to reach a projected revenue of US$ 2,452.1 million by 2030. A compound annual growth rate of 8% is expected of the worldwide animal drug compounding industry from 2023 to 2030.
Revenue, 2022 (US$M)
$1,320.5
Forecast, 2030 (US$M)
$2,452.1
CAGR, 2023 - 2030
8%
Report Coverage
Worldwide
Global animal drug compounding market, 2018-2030 (US$M)
Related Markets
Global animal drug compounding market highlights
- The global animal drug compounding market generated a revenue of USD 1,320.5 million in 2022 and is expected to reach USD 2,452.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8% by 2030.
- In terms of segment, oral accounted for a revenue of USD 710.6 million in 2022.
- Topical is the most lucrative route of administration segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,320.5 million |
| Market revenue in 2030 | USD 2,452.1 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Topical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Injectable, Topical, Other Routes |
Other key industry trends
- In terms of revenue, the North America accounted for 40.1% of the global animal drug compounding market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 171.1 million by 2030.
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Animal Drug Compounding Market Scope
Animal drug compounding market segmentation & scope
Animal Drug Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global animal drug compounding market size, by regions, 2018-2030 (US$M)
Top 10 countries: Animal drug compounding market size, 2022 (US$M)
Global animal drug compounding market share, by route of administration, 2022 & 2030 (%, US$M)
Animal drug compounding market: Opportunity assessment by country
Global animal drug compounding market, by region, 2022 (US$M)
| Route of Administr... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 422.5 | 441.2 | 452.2 | 500.6 | 529.2 | 562.3 | 602.3 | 645.8 | 693.0 | 744.4 | 800.4 | 861.4 | 927.9 | 7.3% |
| Europe | 312.6 | 328.0 | 337.9 | 375.9 | 399.2 | 425.1 | 456.4 | 490.4 | 527.5 | 567.9 | 611.9 | 660.0 | 712.6 | 7.5% |
| Asia Pacific | 161.1 | 175.7 | 188.1 | 217.4 | 240.0 | 261.4 | 286.9 | 315.2 | 346.6 | 381.5 | 420.4 | 463.6 | 511.8 | 9.9% |
| Latin America | 69.6 | 74.7 | 78.7 | 89.5 | 97.2 | 105.0 | 114.2 | 124.4 | 135.6 | 148.0 | 161.7 | 176.8 | 193.5 | 9.0% |
| MEA | 40.4 | 43.4 | 45.6 | 51.3 | 54.8 | 59.5 | 64.9 | 70.7 | 76.9 | 83.5 | 90.7 | 98.3 | 106.4 | 8.6% |
| Overall | 1,006.2 | 1,063.1 | 1,102.4 | 1,234.7 | 1,320.5 | 1,413.1 | 1,524.7 | 1,646.5 | 1,779.6 | 1,925.4 | 2,085.0 | 2,260.0 | 2,452.1 | 8.0% |
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