South Korea Veterinary Excipients Market Size, Share, and COVID-19 Impact Analysis, By Product (Calcium and Magnesium), By Formulation (Tablet and Liquid/Gel), By Application (General Health and Bone & Joint Health), and South Korea Veterinary Excipients Market Industry Trend, Forecasts to 2035

South Korea Veterinary Excipients Market Insights Forecasts to 2035

• The South Korea Veterinary Excipients Market Size Was Estimated at USD 8.24 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.89% from 2025 to 2035
• The South Korea Veterinary Excipients Market Size is Expected to Reach USD 15.46 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Veterinary Excipients Market Size is anticipated to reach USD 15.46 Million by 2035, growing at a CAGR of 5.89% from 2025 to 2035. The growing number of excipients CDMOs, veterinary medical developments, animal health awareness, and animal health expenditures.

Market Overview

The veterinary excipients market involves the production and use of inactive substances that serve as carriers or stabilizers in veterinary drug formulations. These excipients enhance drug stability, palatability, shelf life, and bioavailability, ensuring safe and effective delivery of medications to animals. The improved treatment outcomes, ease of administration, and better compliance in animals. The rising pet ownership, increasing livestock health demands, and growing innovation in veterinary pharmaceuticals. Advancements in animal drug delivery systems further fuel excipient development. Government initiatives supporting animal health, veterinary research, and regulation of veterinary drugs especially in emerging economies also promote market growth. Programs that improve livestock productivity and public health indirectly drive demand for high-quality veterinary excipients.

Report Coverage

This research report categorizes the market for South Korea veterinary excipients market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea veterinary excipients market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea veterinary excipients market.

Driving Factors

The rising demand for animal healthcare, increasing pet adoption, and growth in livestock production. Advancements in veterinary drug formulations require specialized excipients to enhance drug stability, bioavailability, and ease of administration. Additionally, the expansion of the global veterinary pharmaceutical industry and a growing focus on companion animal wellness fuel market growth. Regulatory support for safe animal medications and the need for customized, species-specific drug delivery systems further drive demand for innovative veterinary excipients.

Restraining Factors

Stringent regulatory compliance and quality assurance requirements, such as GLP/GCP studies and approvals from agencies like the FDA and EMA increase development time and costs. High R&D and manufacturing investments, particularly for specialized or sustainable excipients, limit participation from smaller players. Volatile raw material pricing and supply chain disruptions raise production costs and reduce reliability.

Market Segmentation

The South Korea veterinary excipients market share is classified into product, formulation, and application.

• The calcium segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea veterinary excipients market is segmented by product into calcium and magnesium. Among these, the calcium segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The growing awareness of bone health and the rising prevalence of osteoporosis, especially among the aging population. Increased health consciousness and preventive healthcare trends have led to higher calcium supplement consumption. Additionally, dietary deficiencies and lifestyle changes contribute to calcium intake gaps, further driving demand.

• The tablet segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea veterinary excipients market is segmented by formulation into tablet and liquid/gel. Among these, the tablet segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its convenience, longer shelf life, and ease of dosage standardization. Consumers prefer tablets for their portability, affordability, and availability across various retail channels. Additionally, manufacturers focus on developing chewable and easy-to-swallow tablet forms to enhance user experience. The growing elderly population, who often rely on structured supplement regimens, further boosts demand.

• The tablet segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea veterinary excipients market is segmented by application into general health and bone & joint health. About these, tablet segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.  Its effectiveness in delivering nutrients for general and bone & joint health. Tablets offer precise dosing, extended shelf life, and user convenience, making them ideal for long-term health routines. Increasing cases of osteoporosis and joint issues, particularly among the aging population, drive demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea veterinary excipients market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Daesang Life Science Corporation
• Nexus Pharma Co., Ltd.
• Yuhan Corporation
• Celltrion Healthcare
• Kangwei
• Daewoong Pharmaceutical Co., Ltd.
• Korea Ginseng Corporation (KGC)
• Chong Kun Dang Pharmaceutical Corp.
• Hanmi Pharmaceutical Co., Ltd.
• Yuhan Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea veterinary excipients market based on the below-mentioned segments:

South Korea Veterinary Excipients Market, By Product

• Calcium
• Magnesium

South Korea Veterinary Excipients Market, By Formulation

• Tablet
• Liquid/Gel

South Korea Veterinary Excipients Market, By Application

• General Health
• Bone & Joint Health