Latin America Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Latin America veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Latin America veterinary active pharmaceutical ingredients manufacturing market highlights
- The Latin America veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 833.4 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 833.4 million |
| Market revenue in 2030 | USD 1,350.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | In house |
| Fastest growing segment | Contract Outsourcing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 9.6% of the global veterinary active pharmaceutical ingredients manufacturing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,888.3 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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Latin America 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 64.54% in 2023. Horizon Databook has segmented the Latin America 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 Latin America is expected to register continual growth over the forecast period. The regional growth is owing to factors such as the high prevalence of diseases and the rise in demand for veterinary pharmaceuticals for treatment.
Favorable government initiatives supporting the livestock sector are expected to fuel market growth in Latin America. Animal health programs that involve industry data collection, animal health regulation supervision, and pharmaceuticals & vaccine quality control measures are gaining popularity in the region.
Market growth can also be attributed to a surge in animal healthcare facilities in countries like Argentina. Moreover, agriculture is an extensive practice in the region. As a result, animal husbandry practices are increasingly being adopted, which supports market growth.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America veterinary active pharmaceutical ingredients manufacturing market size, by country, 2018-2030 (US$M)
Latin America Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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