Argentina Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Argentina veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Argentina veterinary active pharmaceutical ingredients manufacturing market highlights
- The Argentina veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 121.5 million in 2023 and is expected to reach USD 207.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, in house was the largest revenue generating service type in 2023.
- Contract Outsourcing is the most lucrative service type segment registering the fastest growth during the forecast period.
Veterinary active pharmaceutical ingredients manufacturing market data book summary
| Market revenue in 2023 | USD 121.5 million |
| Market revenue in 2030 | USD 207.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | In house |
| Fastest growing segment | Contract Outsourcing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In House, Contract Outsourcing |
| Key market players worldwide | Zoetis Inc Class A, SeQuent Scientific, Ofichem Group, The Chem-Pro Group, Siflon Drugs & Pharmaceuticals, Vetpharma, Suanfarma Biotech, Menadiona, Excel Industries |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global veterinary active pharmaceutical ingredients manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 207.1 million by 2030.
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Veterinary Active Pharmaceutical Ingredients Manufacturing Market Scope
Veterinary Active Pharmaceutical Ingredients Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina veterinary active pharmaceutical ingredients manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary active pharmaceutical ingredients manufacturing market will help companies and investors design strategic landscapes.
In house was the largest segment with a revenue share of 64.53% in 2023. Horizon Databook has segmented the Argentina veterinary active pharmaceutical ingredients manufacturing market based on in house, contract outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary API manufacturing market in Argentina is driven by the rising pet population and increasing awareness about animal healthcare. The significant increase in the pet population in Argentina over the years has created a high demand for veterinary pharmaceuticals and APIs.
Moreover, the emphasis on animal welfare and the government’s implementation of animal health regulations are some of the key factors impacting market growth positively. Moreover, the increasing inclination towards pet humanization, wherein pets are treated like family members and provided with superior healthcare, is driving the demand for veterinary APIs.
The presence of a large number of animal healthcare facilities and veterinary clinics in the country stimulates market demand. Furthermore, the surge in livestock production in the country is contributing significantly to the expansion of the veterinary API manufacturing market.
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Target buyers of Argentina veterinary active pharmaceutical ingredients manufacturing market databook
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Our clientele includes a mix of veterinary active pharmaceutical ingredients manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Argentina veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Argentina veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
Argentina Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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