Flunixin Meglumine API Market was valued at USD 0.76 Billion in 2022 and is projected to reach USD 1.23 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
From 2018 to 2022, the market experienced steady growth, with a significant uptick in demand from emerging markets in Asia-Pacific, Latin America, and the Middle East. Governments in these regions have been working to improve livestock welfare, leading to increased use of NSAIDs like Flunixin Meglumine. In developed markets, such as the U.S. and Europe, demand was driven by an expanding pet care industry and advancements in veterinary treatments. Moreover, the rise in animal diseases that require effective pain management also contributed to the growth of this market.
Looking ahead, from 2023 to 2033, the demand for Flunixin Meglumine API is expected to grow at a robust rate, though the dynamics may change. One of the key trends is the ongoing efforts to reduce the reliance on traditional antibiotics and NSAIDs in veterinary medicine due to growing concerns over antimicrobial resistance. This may drive a shift towards alternative treatments, but Flunixin Meglumine remains a vital option for inflammation and pain relief in animal care. Market analysts predict that advancements in formulation technologies, including controlled-release formulations, could boost the efficacy and demand for this API over the next decade.
The regulatory landscape will play a critical role in shaping the market from 2023 to 2033. Stringent regulations concerning drug safety and efficacy may impact the supply and production of Flunixin Meglumine. However, with the growing demand for meat, dairy, and poultry products globally, the use of Flunixin Meglumine in livestock will continue to hold significance. Additionally, the increase in disposable income in emerging economies is expected to lead to greater consumption of animal-derived products, further driving the need for effective veterinary treatments.
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The Flunixin Meglumine API market has seen notable fluctuations between 2018 and 2022, driven by various factors, including increasing demand in the veterinary sector and regulatory changes. This non-steroidal anti-inflammatory drug (NSAID) has wide applications in treating pain and inflammation in animals, especially for livestock. Over the past five years, the market’s growth was largely influenced by the rising global demand for animal-derived products, a growing focus on animal health, and technological advancements in drug manufacturing.
Rochem International Inc
Ashland
Excella GmbH
Cayman Chemical
NGL Fine-Chem Ltd
Chemwill Asia Co.
Ltd.
Zhejiang Hisoar Pharmaceutical
Shandong Lukang Pharmaceutical Co.
Ltd.
Hubei Longxiang Pharmaceutical Technology Co.
Ltd.
Beijing Xiangyu Hengtian Pharmaceutical Technology Co.
Ltd.
Shanghai Maclean Biochemical Technology Co.
Ltd.
Hangzhou Dayangchem
Qilu Synva Pharmaceutical Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Flunixin Meglumine API Market
Horse
Pig
Cattle
Others
Based on Types the Market is categorized into Below types that held the largest Flunixin Meglumine API market share In 2023.
Solid
Liquid
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Flunixin Meglumine API Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Flunixin Meglumine API Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Flunixin Meglumine API Market, By Type
6. Global Flunixin Meglumine API Market, By Application
7. Global Flunixin Meglumine API Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Flunixin Meglumine API Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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