U.S. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Size & Outlook
U.S. veterinary active pharmaceutical ingredients manufacturing market, 2018-2030 (US$M)
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U.S. veterinary active pharmaceutical ingredients manufacturing market highlights
- The U.S. veterinary active pharmaceutical ingredients manufacturing market generated a revenue of USD 2,994.4 million in 2023 and is expected to reach USD 4,325.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 2,994.4 million |
| Market revenue in 2030 | USD 4,325.8 million |
| Growth rate | 5.4% (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, U.S. accounted for 34.6% 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 North America, U.S. veterinary active pharmaceutical ingredients manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 462.0 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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U.S. 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 58.89% in 2023. Horizon Databook has segmented the U.S. 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 U.S. market is anticipated to grow substantially over the forecast period due to the increasing number of animal healthcare centers and practitioners. According to the American Veterinary Medical Association (AVMA) report, in 2022, around 124,069 veterinary practitioners were practicing in the country.
Further, growing concerns about pets have increased pet care expenditure, driving the veterinary medicine demand. This is expected to propel the veterinary API manufacturing market growth.
According to a report by APPA, in 2022, on average, an owner spent approximately USD 31.5 billion on supplies, live animals, and Over-the-Counter (OTC) medications. These aforementioned factors are anticipated to propel the veterinary API manufacturing market growth in the U.S.
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Target buyers of U.S. 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 U.S. veterinary active pharmaceutical ingredients manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary active pharmaceutical ingredients manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary active pharmaceutical ingredients manufacturing market size, by service type, 2018-2030 (US$M)
U.S. Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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