Spain Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
Spain veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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Spain veterinary active pharmaceutical ingredients manufacturing market highlights
- The Spain veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 206.9 million in 2023 and is expected to reach USD 339.6 million by 2030.
- The Spain 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 206.9 million |
| Market revenue in 2030 | USD 339.6 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, Spain accounted for 2.4% 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 Europe, UK veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 513.5 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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Spain 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 65.06% in 2023. Horizon Databook has segmented the Spain 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 rapid growth in the livestock sector and the increase in meat production & consumption in Spain fueled the need to curb zoonotic or foodborne diseases in livestock. This has led to an increase in demand for veterinary APIs.
According to the EUROSTAT, cattle meat production in Spain reached a record high of 731.53 thousand tons in December 2022. Moreover, the increasing awareness among pet owners about their pet & livestock health is boosting the annual spending on pet healthcare.
In addition, the number of animal product marketing & distribution approvals in the country is anticipated to increase the growth in the animal health market. These aforementioned factors are likely to propel market growth in Spain over the forecast period.
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Target buyers of Spain 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 Spain veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Spain veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
Spain Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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