Mexico Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Mexico veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Mexico veterinary active pharmaceutical ingredients manufacturing market highlights
- The Mexico veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 172.5 million in 2023 and is expected to reach USD 288.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.6% 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 172.5 million |
| Market revenue in 2030 | USD 288.1 million |
| Growth rate | 7.6% (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, Mexico accounted for 2.0% 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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Mexico 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 64.35% in 2023. Horizon Databook has segmented the Mexico veterinary active pharmaceutical ingredients manufacturing market based on in house, contract outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent government regulations for animals that depend on people for their existence is anticipated to fuel the veterinary API manufacturing market growth in Mexico. For instance, the needless death of an animal is considered illegal under the Domestic Animal Protection Act of 2016.
Furthermore, increased measures to curb zoonotic disease outbreaks are expected to boost the market. For instance, Dispositivo Nacional de Emergencia de Sanidad Animal (DINESA) is an animal health emergency management system that works to prevent and control highly prevalent zoonotic diseases.
Moreover, Mexico has an efficient surveillance system that helps prevent and address animal health emergencies caused by pathogens. This is anticipated to generate high demand for highquality animal products, creating lucrative growth opportunities in the market.
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Target buyers of Mexico 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 Mexico veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
Mexico Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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