India Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
India veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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India veterinary active pharmaceutical ingredients manufacturing market highlights
- The India veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 498.1 million in 2023 and is expected to reach USD 905.2 million by 2030.
- The India market is expected to grow at a CAGR of 8.9% 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 498.1 million |
| Market revenue in 2030 | USD 905.2 million |
| Growth rate | 8.9% (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, India accounted for 5.7% 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 Asia Pacific, China veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 905.2 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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India 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 60.99% in 2023. Horizon Databook has segmented the India 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 India is expected to grow unprecedentedly over the forecast period. Growth in the country can be attributed to the increased government efforts to drive veterinary healthcare facilities and numerous funding schemes by state & national agencies.
As per the Government of India’s Open Government Data Platform, India had roughly 12,000 veterinary hospitals and polyclinics in 2021. The states of Rajasthan, Uttar Pradesh, and Punjab collectively accounted for over 50% of the country’s veterinary hospitals and polyclinics.
The government is providing funds to establish & strengthen existing veterinary hospitals and dispensaries, creating growth opportunities in India. Furthermore, key players are adopting numerous strategies, such as acquisitions, partnerships, product launches, and business developments, which is expected to drive market growth.
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Target buyers of India 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 India veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
India Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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