The Latin America, Middle East and Africa Veterinary API Market would witness market growth of 8.6% CAGR during the forecast period (2023-2030).
A rapidly expanding animal health industry has a positive effect on the market as a whole. The expansion of the national animal population and emphasis on animal welfare contribute to market demand. Increasing animal healthcare non-profits, rising companion adoptions, productivity enhancements, unmet medical requirements, and other factors are generating growth opportunities in this industry. There is a correlation between the rise in the number of animal diseases and the increase in the livestock population, which drives up the demand for medication.
The government and the private sector revise animal health promotion and disease prevention guidelines. This is anticipated to stimulate industry expansion over the forecast period. The growing number of oral formulations for various veterinary medications is driving demand for active veterinary pharmaceutical ingredients. The majority of these are nonsteroidal anti-inflammatory medications. Manufacturers are investing in electrochemical synthesis, which expedites the production of active pharmaceutical ingredients.
Abu Dhabi's hospitality industry is one of the most rapidly expanding industries in the United Arab Emirates. This expansion results from higher investment in the hospitality industry and a rise in the proportion of new business proprietors and entrepreneurs. Many visitors were drawn to the region by New Year's. As a result, the region is exceptionally concerned with animal health to protect both animal and human lives from infection. In light of this factor, the demand for veterinary API is anticipated to increase in the LAMEA region.
The Brazil market dominated the LAMEA Veterinary API Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $207.3 million by 2030. The Argentina market is showcasing a CAGR of 9.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Veterinary API Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Veterinary API Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 4 LAMEA Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 5 LAMEA Oral Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Oral Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Injectable Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Injectable Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Topical Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Topical Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 14 LAMEA Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 15 LAMEA Parasiticides Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Parasiticides Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Anti-inflammatory Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Anti-inflammatory Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Antimicrobials Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Antimicrobials Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Vaccines Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Vaccines Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Hormones Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Hormones Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 28 LAMEA Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 29 LAMEA Chemical based API Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Chemical based API Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Biological API Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Biological API Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Highly potent API Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Highly potent API Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 36 LAMEA Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 37 LAMEA Livestock Animals Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Livestock Animals Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Companion Animals Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Companion Animals Market by Country, 2023 - 2030, USD Million
TABLE 41 LAMEA Veterinary API Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Veterinary API Market by Country, 2023 - 2030, USD Million
TABLE 43 Brazil Veterinary API Market, 2019 - 2022, USD Million
TABLE 44 Brazil Veterinary API Market, 2023 - 2030, USD Million
TABLE 45 Brazil Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 46 Brazil Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 47 Brazil Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 48 Brazil Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 49 Brazil Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 50 Brazil Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 51 Brazil Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 52 Brazil Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 53 Argentina Veterinary API Market, 2019 - 2022, USD Million
TABLE 54 Argentina Veterinary API Market, 2023 - 2030, USD Million
TABLE 55 Argentina Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 56 Argentina Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 57 Argentina Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 58 Argentina Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 59 Argentina Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 60 Argentina Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 61 Argentina Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 62 Argentina Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 63 UAE Veterinary API Market, 2019 - 2022, USD Million
TABLE 64 UAE Veterinary API Market, 2023 - 2030, USD Million
TABLE 65 UAE Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 66 UAE Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 67 UAE Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 68 UAE Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 69 UAE Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 70 UAE Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 71 UAE Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 72 UAE Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 73 Saudi Arabia Veterinary API Market, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Veterinary API Market, 2023 - 2030, USD Million
TABLE 75 Saudi Arabia Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 76 Saudi Arabia Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 77 Saudi Arabia Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 78 Saudi Arabia Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 79 Saudi Arabia Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 81 Saudi Arabia Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 82 Saudi Arabia Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 83 South Africa Veterinary API Market, 2019 - 2022, USD Million
TABLE 84 South Africa Veterinary API Market, 2023 - 2030, USD Million
TABLE 85 South Africa Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 86 South Africa Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 87 South Africa Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 88 South Africa Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 89 South Africa Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 90 South Africa Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 91 South Africa Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 92 South Africa Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 93 Nigeria Veterinary API Market, 2019 - 2022, USD Million
TABLE 94 Nigeria Veterinary API Market, 2023 - 2030, USD Million
TABLE 95 Nigeria Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 96 Nigeria Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 97 Nigeria Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 98 Nigeria Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 99 Nigeria Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 100 Nigeria Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 101 Nigeria Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 102 Nigeria Veterinary API Market by Animal Type, 2023 - 2030, USD Million
TABLE 103 Rest of LAMEA Veterinary API Market, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Veterinary API Market, 2023 - 2030, USD Million
TABLE 105 Rest of LAMEA Veterinary API Market by Route of Administration, 2019 - 2022, USD Million
TABLE 106 Rest of LAMEA Veterinary API Market by Route of Administration, 2023 - 2030, USD Million
TABLE 107 Rest of LAMEA Veterinary API Market by API Type, 2019 - 2022, USD Million
TABLE 108 Rest of LAMEA Veterinary API Market by API Type, 2023 - 2030, USD Million
TABLE 109 Rest of LAMEA Veterinary API Market by Synthesis Type, 2019 - 2022, USD Million
TABLE 110 Rest of LAMEA Veterinary API Market by Synthesis Type, 2023 - 2030, USD Million
TABLE 111 Rest of LAMEA Veterinary API Market by Animal Type, 2019 - 2022, USD Million
TABLE 112 Rest of LAMEA 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 LAMEA 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 LAMEA Veterinary API Market share by Route of Administration, 2022
FIG 6 LAMEA Veterinary API Market share by Route of Administration, 2030
FIG 7 LAMEA Veterinary API Market by Route of Administration, 2019 - 2030, USD Million
FIG 8 LAMEA Veterinary API Market share by API Type, 2022
FIG 9 LAMEA Veterinary API Market share by API Type, 2030
FIG 10 LAMEA Veterinary API Market by API Type, 2019 - 2030, USD Million
FIG 11 LAMEA Veterinary API Market share by Synthesis Type, 2022
FIG 12 LAMEA Veterinary API Market share by Synthesis Type, 2030
FIG 13 LAMEA Veterinary API Market by Synthesis Type, 2019 - 2030, USD Million
FIG 14 LAMEA Veterinary API Market share by Animal Type, 2022
FIG 15 LAMEA Veterinary API Market share by Animal Type, 2030
FIG 16 LAMEA Veterinary API Market by Animal Type, 2019 - 2030, USD Million
FIG 17 LAMEA Veterinary API Market share by Country, 2022
FIG 18 LAMEA Veterinary API Market share by Country, 2030
FIG 19 LAMEA 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