Saudi Arabia Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market highlights
- The Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 61.2 million in 2023 and is expected to reach USD 97.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% 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 61.2 million |
| Market revenue in 2030 | USD 97.7 million |
| Growth rate | 6.9% (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, Saudi Arabia accounted for 0.7% 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 Middle East & Africa, South Africa veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 71.8 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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Saudi Arabia 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 Saudi Arabia 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 market in Saudi Arabia is expected to witness lucrative growth due to the increasing incidence of pet diseases and a rise in demand for insurance policies. The market is being driven further by the increasing number of pet owners and favorable initiatives by private players to promote animal healthcare practices.
Furthermore, the growth can be attributed to increased awareness about veterinary diseases and a rise in the prevalence of zoonotic diseases. Furthermore, the high demand for pet care insurance and growing concerns over animal protection are expected to boost the demand for veterinary APIs.
In addition, increased investments in R&D for animal healthcare and favorable government initiatives are expected to drive the veterinary API manufacturing market in Saudi Arabia. According to the study by Pet Secure, Saudi Arabia has the highest proportion of dogs worldwide, with large breeds accounting for 70% of the dog population.
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Target buyers of Saudi Arabia 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 Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
Saudi Arabia Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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