Canada Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Canada veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Canada veterinary active pharmaceutical ingredients manufacturing market highlights
- The Canada veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 282.3 million in 2023 and is expected to reach USD 462.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.3% 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 282.3 million |
| Market revenue in 2030 | USD 462.0 million |
| Growth rate | 7.3% (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, Canada accounted for 3.3% 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 North America, U.S. veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 462.0 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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Canada 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 64.72% in 2023. Horizon Databook has segmented the Canada veterinary active pharmaceutical ingredients manufacturing market based on in house, contract outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in the veterinary API manufacturing market in Canada can be attributed to the improving veterinary services and the growing presence of veterinarians in the southern areas of the country, such as British Colombia and Ontario.
The new federal regulations mandate that all importers, fabricators, packagers/labelers, testers, and others involved in the production of APIs for veterinary use must obtain a drug establishment license, adhere to good manufacturing practices, and submit annual reports to Health Canada with details all sales of antimicrobial API products.
Manufacturers with an FDA clearance in the U.S. have easy access to the market in Canada. This is due to the agreements between the U.S. FDA, Health Canada, and the Canadian Food Inspection Agency (CFIA), which recognize Canada’s food & safety regulations similar to those in the U.S.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
Canada Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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