Global Veterinary Excipients Market Size study, by Application (Biologics, Pharmaceuticals, Medicated Feed Additives), by Animal Type, by Chemical Group (Polymers, Alcohols, Lipids), by Function and Regional Forecasts 2022-2032

Description

Global Veterinary Excipients Market is valued at approximately USD 1.12 billion in 2023 and is anticipated to grow with a moderate yet steady compound annual growth rate of more than 4.10% over the forecast period 2024-2032. Veterinary excipients, long viewed as inert formulation ingredients, are now being redefined as crucial functional contributors to drug delivery, efficacy, stability, and palatability in veterinary pharmaceuticals. As the global demand for animal health therapeutics expands, excipients tailored for diverse species and dosage forms are witnessing significant innovation. Whether facilitating bioavailability in oral medications or enabling controlled-release formulations for livestock and companion animals alike, these supporting compounds are becoming pivotal to modern veterinary drug design. Additionally, with biologics and medicated feed additives gaining traction, the role of excipients in supporting complex formulations is becoming indispensable in driving therapeutic compliance and manufacturing consistency.

What's accelerating this transformation is the heightened emphasis on precision medicine in veterinary care, a growing interest in biologic-based animal therapeutics, and stringent regulations regarding excipient safety and traceability. The market is being propelled by rising investments from pharmaceutical giants and specialty ingredient manufacturers seeking to diversify into animal health. Moreover, the increasing complexity of veterinary formulations-especially those targeting ruminants, swine, or aquatic animals-demands excipients that perform in species-specific gastrointestinal environments, demonstrating both safety and biofunctionality. However, despite this momentum, the veterinary excipients industry contends with challenges such as limited excipient innovation compared to human health, regulatory ambiguities in emerging economies, and the higher cost burden for reformulated products, particularly in mass-scale livestock applications.

Nevertheless, significant opportunities are emerging for market stakeholders who are willing to invest in cross-disciplinary R&D and collaborative development programs. The integration of novel polymer blends, mucoadhesive agents, and lipid-based carriers is allowing manufacturers to push the boundaries of targeted delivery and sustained release mechanisms in veterinary formulations. Also, the growing adoption of green and biodegradable excipients-driven by rising environmental scrutiny and consumer preference for sustainable products-offers lucrative avenues for innovation. With advanced analytical tools and AI-enabled formulation platforms on the rise, companies can now tailor excipient properties to specific therapeutic needs, animal species, or regional market demands with unprecedented precision.

From a geographic perspective, North America dominates the global veterinary excipients market due to the strong presence of leading veterinary drug manufacturers, well-structured regulatory frameworks, and a matured pet pharmaceutical ecosystem. Europe follows closely, leveraging its robust animal welfare laws and progressive research institutions to foster excipient innovations for both livestock and pets. Asia Pacific is emerging as a high-growth region, spurred by increased veterinary spending, expanding livestock production, and improving access to veterinary healthcare in countries like China, India, and Australia. Latin America and the Middle East & Africa are also gradually embracing advanced excipient technologies, albeit with varying rates of regulatory adoption and infrastructure readiness.

Major market player included in this report are:

BASF SE
Croda International PLC
Evonik Industries AG
Kerry Group plc
Associated British Foods plc
Clariant AG
Merck KGaA
Colorcon Inc.
Roquette Freres
IMCD N.V.
Gattefosse
DFE Pharma
MEGGLE GmbH & Co. KG
Spectrum Chemical Mfg. Corp.
Ashland Global Holdings Inc.

The detailed segments and sub-segment of the market are explained below:

By Application

Biologics
Pharmaceuticals
Medicated Feed Additives

By Animal Type

(Detailed segmentation to be included as per available data)

By Chemical Group

Polymers
Alcohols
Lipids

By Function

(Detailed segmentation to be included as per available data)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Veterinary Excipients Market Executive Summary

1.1. Global Veterinary Excipients Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application (Biologics, Pharmaceuticals, Medicated Feed Additives)
- 1.3.2. By Animal Type
- 1.3.3. By Chemical Group (Polymers, Alcohols, Lipids)
- 1.3.4. By Function
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Veterinary Excipients Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Stakeholder Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Stakeholder Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Veterinary Excipients Market Dynamics

3.1. Market Drivers
- 3.1.1. Surging demand for enhanced drug delivery and palatability
- 3.1.2. Rising adoption of biologics and precision veterinary therapeutics
- 3.1.3. Stringent safety and traceability regulations
3.2. Market Challenges
- 3.2.1. Regulatory ambiguities in emerging economies
- 3.2.2. Limited innovation compared to human pharmaceutical excipients
- 3.2.3. High cost burden for reformulated livestock applications
3.3. Market Opportunities
- 3.3.1. Development of green and biodegradable excipients
- 3.3.2. AI enabled formulation and analytical platforms
- 3.3.3. Cross disciplinary R&D and collaborative development programs

Chapter 4. Global Veterinary Excipients Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Veterinary Excipients Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Veterinary Excipients Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Biologics
- 5.2.2. Pharmaceuticals
- 5.2.3. Medicated Feed Additives

Chapter 6. Global Veterinary Excipients Market Size & Forecasts by Animal Type 2022-2032

6.1. Segment Dashboard
6.2. Global Veterinary Excipients Market: Animal Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Companion Animals
- 6.2.2. Livestock
- 6.2.3. Others

Chapter 7. Global Veterinary Excipients Market Size & Forecasts by Chemical Group 2022-2032

7.1. Segment Dashboard
7.2. Global Veterinary Excipients Market: Chemical Group Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Polymers
- 7.2.2. Alcohols
- 7.2.3. Lipids

Chapter 8. Global Veterinary Excipients Market Size & Forecasts by Function 2022-2032

8.1. Segment Dashboard
8.2. Global Veterinary Excipients Market: Function Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Stabilizers
- 8.2.2. Solubilizers
- 8.2.3. Binders
- 8.2.4. Others

Chapter 9. Global Veterinary Excipients Market Size & Forecasts by Region 2022-2032

9.1. North America Veterinary Excipients Market
- 9.1.1. U.S. Veterinary Excipients Market
  - 9.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Chemical Group breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Veterinary Excipients Market
9.2. Europe Veterinary Excipients Market
- 9.2.1. UK Veterinary Excipients Market
- 9.2.2. Germany Veterinary Excipients Market
- 9.2.3. France Veterinary Excipients Market
- 9.2.4. Spain Veterinary Excipients Market
- 9.2.5. Italy Veterinary Excipients Market
- 9.2.6. Rest of Europe Veterinary Excipients Market
9.3. Asia Pacific Veterinary Excipients Market
- 9.3.1. China Veterinary Excipients Market
- 9.3.2. India Veterinary Excipients Market
- 9.3.3. Japan Veterinary Excipients Market
- 9.3.4. Australia Veterinary Excipients Market
- 9.3.5. South Korea Veterinary Excipients Market
- 9.3.6. Rest of Asia Pacific Veterinary Excipients Market
9.4. Latin America Veterinary Excipients Market
- 9.4.1. Brazil Veterinary Excipients Market
- 9.4.2. Mexico Veterinary Excipients Market
- 9.4.3. Rest of Latin America Veterinary Excipients Market
9.5. Middle East & Africa Veterinary Excipients Market
- 9.5.1. Saudi Arabia Veterinary Excipients Market
- 9.5.2. South Africa Veterinary Excipients Market
- 9.5.3. Rest of Middle East & Africa Veterinary Excipients Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. BASF SE
- 10.1.2. Croda International PLC
- 10.1.3. Evonik Industries AG
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. BASF SE
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Croda International PLC
- 10.3.3. Evonik Industries AG
- 10.3.4. Kerry Group plc
- 10.3.5. Associated British Foods plc
- 10.3.6. Clariant AG
- 10.3.7. Merck KGaA
- 10.3.8. Colorcon Inc.
- 10.3.9. Roquette Freres
- 10.3.10. IMCD N.V.
- 10.3.11. Gattefosse
- 10.3.12. DFE Pharma
- 10.3.13. MEGGLE GmbH & Co. KG
- 10.3.14. Spectrum Chemical Mfg. Corp.
- 10.3.15. Ashland Global Holdings Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes