The Global Animal Vaccines Market is projected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Animal Vaccine Market
Key Driver: The Augmenting Need for Protozoan Parasitic Vaccines
To prevent hazardous disease transmission from animals to people, multiple countries are implementing mass immunization campaigns for animals. As such, the demand for veterinary vaccines is expected to rise due to increased initiatives and investments governments worldwide make to reduce the burden of animal disease and guarantee food security. As a result, protozoan parasitic vaccines are now in high demand in the veterinary healthcare sector, and this trend is projected to continue during the forecast period.
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Scope of the Report and Animal Vaccine Market Segmentation
By Type
-Porcine Vaccines
-Aquaculture Vaccines
-Ruminants Vaccines
-Companion Animals Vaccines
–Canine Vaccines
–Feline Vaccines
-Poultry Vaccines
-Livestock Vaccines
By Diseases
-Porcine Diseases
-Aquaculture Diseases
-Ruminants Diseases
-Companion Animals Diseases
–Canine Diseases
–Feline Diseases
-Poultry Diseases
-Livestock Diseases
By Technology
-Live Attenuated Vaccines
-Livestock Inactivated Vaccines
-Toxoid Vaccines
-Recombinant Vaccines
-Other (DNA vaccines)
- Of them all, the attenuated live vaccines segment dominated the market for animal vaccines and accounted for a larger revenue share in 2022.
Top leading companies in the Animal Vaccine Market includes:
Elanco, Ceva, Phibro Animal Health Corporation, Neogen Corporation, Intas Pharmaceuticals Ltd., Biogénesis Bagó, Ourofino Saúde Animal, Virbac, Zoetis, Merc & Co., Inc., Boehringer Ingelheim International GmbH, Others
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Geographical analysis:
North America: US, Canada
Europe: Germany, The UK, France, Italy, Spain, Others
Asia-Pacific: China, India, Japan, Thailand, Australia, Others
South America: Brazil, Others
Middle East & Africa: Saudi Arabia, UAE, South Africa, Others
- In the historical period, North America dominated the market and is likely to prevail in the same trend in the forecast years as well.
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