The Animal Vaccines Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
The global animal vaccines market is expected to grow at a CAGR of 8.3% during the forecast period 2021-2027. The constant introduction of technically sophisticated vaccines, increasing livestock population, and disease outbreaks have led to shifting market dynamics. The market is expected to grow steadily due to the rise in pet ownership in developed countries and the growth in the number of poultry and cattle in emerging economies.
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Globally, zoonotic diseases are rapidly increasing, and many believe that novel coronavirus also got transmitted into humans from pets. According to WHO, nearly one billion cases of various diseases occur every year due to zoonosis, and almost 60% of developing infectious diseases globally are from animal sources.
Almost 75% of the more than 30 new pathogens detected in humans in the last 30 years are originated from animals. Since vaccines are the method to prevent infectious diseases in animals that will decrease the chances of human transmission, this will be expected to drive the market’s growth.
The emergence of COVID-19 is expected to hinder the growth of the global market since many countries have postponed animal vaccination programs in their countries due to the outbreak of novel coronavirus. However, many countries are developing corona vaccines to vaccinate pets due to the fear of human to the pet transmission of coronavirus.
Recently, Russia registered the vaccine Carnivac-COV, which is expected to be the first vaccine for animals developed against COVID-19. However, overall, COVID-19 is expected to have a negative impact on the animal vaccines market.
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Growth Drivers
The global market growth is driven by factors such as the increasing number of zoonotic diseases across the globe in recent decades, along with the growing size of poultry, aquaculture, and pork market that contributes significantly to the economy of many countries. The emergence of new technologies in vaccines and government initiatives to vaccinate pets is expected to propel the market’s growth further.
Globally, poultry, aquaculture, and pork industries are significantly contributing to the economy due to the increased consumption of meat. Poultry meat production worldwide was approximately 137 MT in 2020, with China being the biggest consumer of poultry, followed by the U.S, Brazil, Russia, Mexico, India, Japan, Indonesia, Iran, South Africa, Malaysia, and Myanmar.
Aquaculture is also popular in many countries, with 51.3 MT of aquatic creatures produced from inland aquaculture in 2018. China makes two-thirds of total cultivated marine products globally and has the most significant aquaculture industry in the globe. All these factors will cumulatively help in the growth of the global market.
Companies are launching new vaccines and have been involved in acquisition and funding in recent years. For instance, Indian Immunologicals Limited (IIL) launched cell culture technology-based Raksha Class in 2020, a Swine Fever vaccine developed in collaboration with the Indian Veterinary Research Institute (IVRI).
Elanco Animal Health acquired Prevtec Microbial that involved in the development of vaccines to combat bacterial diseases in food in USD 59.9 million deal in August 2019. The acquisition will help Elanco bring Prevtec’s R&D programs to Elanco’s pipeline and strengthen its swine portfolio.
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Animal Vaccines Market Report Segmentation
By Product
Attenuated Live Vaccines
Inactivated
Subunit
DNA
Recombinant
By Animal Type
. Poultry
. Aqua
. Ruminants
. Companion
. Swine
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
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- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Competitive Insight
Major players in the animal vaccines market are investing heavily in R&D to develop new advanced vaccines for food animals and pet animals. Companies are also undertaking acquisitions, collaborations, and raising funds to expand their market globally.
Some of the key players operating in the vaccines market include Biogénesis Bagó, Boehringer Ingelheim International GmbH, Ceva, Elanco, Indian Immunologicals Ltd., Intas Pharmaceuticals Ltd., Merck & Co., Inc., Neogen Corporation, Ourofino Saúde Animal, Phibro Animal Health Corporation, Virbac, and Zoetis.
Table of Content
Chapter 1: Global Animal Vaccines Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Animal Vaccines market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Animal Vaccines Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Animal Vaccines market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Animal Vaccines market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Animal Vaccines market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Animal Vaccines market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Animal Vaccines business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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