Burlingame, CA, Oct. 01, 2025 (GLOBE NEWSWIRE) — According to Coherent Market Insights (CMI), the global Veterinary Excipients Market is estimated to be valued at USD 300.7 Mn in 2025 and is expected to reach USD 498.9 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2025 to 2032. Rising pet ownership, coupled with the growing livestock population, is fueling the demand for improved treatment options for animals, thereby driving the adoption of animal healthcare products. This trend is anticipated to propel market growth throughout the forecast period.
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Global Veterinary Excipients Market Key Takeaways
Parenteral formulations segment is expected to account for 34% of the global veterinary excipients market share in 2025.
North America, with an estimated share of 37.5% in 2025, is set to retain its market dominance during the forecast period.
Europe remains the second-leading market for veterinary excipients.
Asia Pacific is expected to emerge as a hotbed for veterinary excipients market companies during the forecast period.
Rising Pet Ownership Fueling Veterinary Excipients Market Growth
Coherent Market Insights’ latest veterinary excipients market analysis provides insights into key factors driving industry growth. Increasing pet ownership is one such primary growth factor.
Countries like the United States and the United Kingdom are experiencing high pet adoption rates. According to the American Pet Products Association (APPA) 2025 Industry Report, around 94 million U.S. households own a pet. This is expected to stimulate growth of the veterinary excipients market.
Pet owners are increasingly willing to spend more on their veterinary healthcare products like pharmaceuticals and nutritional supplements. As a result, demand for veterinary excipients (inactive ingredients used in these products) is estimated to increase significantly between 2025 and 2032.
Cost Constraints and Regulatory Hurdles Limiting Market Growth
The global veterinary excipients market outlook looks promising due to increasing pet adoption and growing demand for veterinary healthcare products. However, regulatory hurdles and cost constraints might limit market growth to some extent.
Veterinary excipients must meet strict rules like Good Laboratory Practices. These strict standards can slow down approvals, especially for new excipients or products for specific animals, limiting overall veterinary excipients market demand.
High raw material and production costs, along with strict regulations, raise the price of veterinary …