The Asia Pacific Veterinary API Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
The increasing variety of oral formulations for various veterinary medications increases the demand for API manufacturing. The majority of these are nonsteroidal anti-inflammatory medications. In addition, advantageous government initiatives in developing nations are increasing the production of veterinary APIs. Due to the large number of pharmaceutical companies in the Asia Pacific region engaged in developing antiparasitic API, the antiparasitic API landscape has expanded significantly. Anti-infectives are the other market segment expanding swiftly and contributing considerably to market revenue.
In addition, rising preferences for pet insurance, strategic initiatives undertaken by market participants, and government initiatives are anticipated to drive market growth. In addition, the adoption of canines has increased in recent years due to their psychological benefits, which include a reduced risk of cardiac arrhythmias, decreased anxiety, stabilization of blood pressure, increased psychological stability, and an overall boost in well-being. The increasing demand for treatment options can be attributed to the growing number of pet owners over the forecast period.
Various regulatory organizations have been set up in various countries, including India, China, and Japan, to guarantee animal safety. For example, a specialized national PV Programme of India (PvPI) has been formed in India by the Ministry of Health and Family Welfare (MoHFW) to monitor the security of medicines. The awareness of livestock healthcare is growing for all these reasons, which is projected to promote regional market expansion in the upcoming years.
The China market dominated the Asia Pacific Veterinary API Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,005.6 million by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.7% during (2023 - 2030).
Based on Route of Administration, the market is segmented into Oral, Injectable, Topical and Others. Based on API Type, the market is segmented into Parasiticides, Anti-inflammatory, Antimicrobials, Vaccines, Hormones and Others. Based on Synthesis Type, the market is segmented into Chemical based API, Biological API and Highly potent API. Based on Animal Type, the market is segmented into Livestock Animals and Companion Animals. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Veterinary API Market is Projected to reach USD 12.9 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boehringer Ingelheim International GmbH, Zoetis, Inc., Elanco Animal Health, Inc., Merck & Co., Inc., Virbac, Vetoquinol SA (Soparfin SCA), Sequent Scientific Limited, Phibro Animal Health Corporation, Febbrica Italina Sintetici S.P.A. (Nine Trees Group S.p.A) and Excel Industries Limited.
Scope of the Study
Market Segments Covered in the Report:
By Route of Administration
- Oral
- Injectable
- Topical
- Others
By API Type
- Parasiticides
- Anti-inflammatory
- Antimicrobials
- Vaccines
- Hormones
- Others
By Synthesis Type
- Chemical based API
- Biological API
- Highly potent API
By Animal Type
- Livestock Animals
- Companion Animals
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Boehringer Ingelheim International GmbH
- Zoetis, Inc.
- Elanco Animal Health, Inc.
- Merck & Co., Inc.
- Virbac
- Vetoquinol SA (Soparfin SCA)
- Sequent Scientific Limited
- Phibro Animal Health Corporation
- Febbrica Italina Sintetici S.P.A. (Nine Trees Group S.p.A)
- Excel Industries Limited
TABLE 1 Asia Pacific Veterinary API Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Veterinary API Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Oral Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Oral Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Injectable Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Injectable Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Topical Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Topical Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Parasiticides Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Parasiticides Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Anti-inflammatory Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Anti-inflammatory Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Antimicrobials Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Antimicrobials Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Vaccines Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Vaccines Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Hormones Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Hormones Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Chemical based API Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Chemical based API Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Biological API Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Biological API Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Highly potent API Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Highly potent API Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Livestock Animals Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Livestock Animals Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Companion Animals Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Companion Animals Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific Veterinary API Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Veterinary API Market by Country, 2023 - 2030, USD Million
TABLE 43 China Veterinary API Market, 2019 - 2022, USD Million
TABLE 44 China Veterinary API Market, 2023 - 2030, USD Million
TABLE 45 China Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 46 China Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 47 China Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 48 China Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 49 China Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 50 China Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 51 China Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 52 China Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 53 Japan Veterinary API Market, 2019 - 2022, USD Million
TABLE 54 Japan Veterinary API Market, 2023 - 2030, USD Million
TABLE 55 Japan Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 56 Japan Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 57 Japan Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 58 Japan Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 59 Japan Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 60 Japan Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 61 Japan Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 62 Japan Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 63 India Veterinary API Market, 2019 - 2022, USD Million
TABLE 64 India Veterinary API Market, 2023 - 2030, USD Million
TABLE 65 India Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 66 India Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 67 India Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 68 India Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 69 India Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 70 India Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 71 India Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 72 India Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 73 South Korea Veterinary API Market, 2019 - 2022, USD Million
TABLE 74 South Korea Veterinary API Market, 2023 - 2030, USD Million
TABLE 75 South Korea Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 76 South Korea Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 77 South Korea Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 78 South Korea Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 79 South Korea Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 80 South Korea Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 81 South Korea Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 82 South Korea Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 83 Singapore Veterinary API Market, 2019 - 2022, USD Million
TABLE 84 Singapore Veterinary API Market, 2023 - 2030, USD Million
TABLE 85 Singapore Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 86 Singapore Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 87 Singapore Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 88 Singapore Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 89 Singapore Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 90 Singapore Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 91 Singapore Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 92 Singapore Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 93 Malaysia Veterinary API Market, 2019 - 2022, USD Million
TABLE 94 Malaysia Veterinary API Market, 2023 - 2030, USD Million
TABLE 95 Malaysia Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 96 Malaysia Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 97 Malaysia Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 98 Malaysia Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 99 Malaysia Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 100 Malaysia Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 101 Malaysia Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 102 Malaysia Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 103 Rest of Asia Pacific Veterinary API Market, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Veterinary API Market, 2023 - 2030, USD Million
TABLE 105 Rest of Asia Pacific Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 107 Rest of Asia Pacific Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 108 Rest of Asia Pacific Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 109 Rest of Asia Pacific Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 111 Rest of Asia Pacific Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 112 Rest of Asia Pacific Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 113 Key Information – Boehringer Ingelheim International GmbH
TABLE 114 Key Information – Zoetis, Inc.
TABLE 115 Key information – Elanco Animal Health, Inc.
TABLE 116 KEY INFORMATION - Merck & Co., Inc.
TABLE 117 Key Information – Virbac
TABLE 118 Key Information – Vetoquinol SA
TABLE 119 Key Information – Sequent Scientific Limited
TABLE 120 Key Information – Phibro Animal Health Corporation
TABLE 121 Key Information – Febbrica Italina Sintetici S.P.A.
TABLE 122 Key Information – Excel Industries Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Veterinary API Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Veterinary API Market
FIG 4 Porter’s Five Force Analysis: Veterinary API Market
FIG 5 Asia Pacific Veterinary API Market share by Route of Administration, 2022
FIG 6 Asia Pacific Veterinary API Market share by Route of Administration, 2030
FIG 7 Asia Pacific Veterinary API Market by Route of Administration, 2019 - 2030, USD Million
FIG 8 Asia Pacific Veterinary API Market share by API Type, 2022
FIG 9 Asia Pacific Veterinary API Market share by API Type, 2030
FIG 10 Asia Pacific Veterinary API Market by API Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Veterinary API Market share by Synthesis Type, 2022
FIG 12 Asia Pacific Veterinary API Market share by Synthesis Type, 2030
FIG 13 Asia Pacific Veterinary API Market by Synthesis Type, 2019 - 2030, USD Million
FIG 14 Asia Pacific Veterinary API Market share by Animal Type, 2022
FIG 15 Asia Pacific Veterinary API Market share by Animal Type, 2030
FIG 16 Asia Pacific Veterinary API Market by Animal Type, 2019 - 2030, USD Million
FIG 17 Asia Pacific Veterinary API Market share by Country, 2019
FIG 18 Asia Pacific Veterinary API Market share by Country, 2030
FIG 19 Asia Pacific Veterinary API Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Boehringer Ingelheim International GmbH
FIG 21 SWOT Analysis: Boehringer Ingelheim International GmbH
FIG 22 Recent strategies and developments: Zoetis, Inc.
FIG 23 SWOT Analysis: Zoetis, Inc.
FIG 24 SWOT Analysis: Elanco Animal Health, Inc.
FIG 25 Swot Analysis: Merck & Co., Inc.
FIG 26 SWOT Analysis: Virbac
FIG 27 SWOT Analysis: Vetoquinol SA
FIG 28 SWOT Analysis: SEQUENT SCIENTIFIC LIMITED
FIG 29 SWOT Analysis: PHIBRO ANIMAL HEALTH CORPORATION
FIG 30 SWOT Analysis: EXCEL INDUSTRIES LIMITED