Animal Vaccine Market Poised for Robust Growth, Forecasted to Expand at 7.4% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Animal Vaccines Market is projected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2023-28.

Report Coverage

This report offers a comprehensive analysis of the Animal Vaccine Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

  • Base Year: 2022
  • Forecast Years: 2023-28
  • Historical Years: 2018-21

Animal Vaccine Market Overview

The constantly inflating livestock population paving the way for bursts of cattle disease has been the prime factor behind the wide acceptance of vaccines throughout the globe. Besides, the rising trend of pet ownership also increases awareness of domestic animals' health, propelling the market growth.

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Animal Vaccine Market Segmentation Outlook

The Animal Vaccine is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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)

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Animal Vaccine Market 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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Top Animal Vaccine Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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 as key players shaping the market landscape.

Animal Vaccine Market News

  • In February 2021, to conduct research and development on the prevention of viral diseases of animal origin and the enhancement of animal health, Ceva joined the French National Research Institute for Agriculture, Food, and Environment (INRAE).
  • In January 2021, Zoetis unveiled the Poulvac Procerta HVT-IBD vaccine to protect poultry against Infectious Bursal Diseases.

 

Key Questions Answered in the Report

  • What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
  • How the industry has been evolving, and which segments would dominate the market during the forecast period?
  • What are the key opportunity areas that companies foresee in the coming years 2028?
  • Who are the key players in the market, and what are their competitive strengths?
  • What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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