Our comprehensive research on the Global Animal Vaccines Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global animal vaccines market size was US$ 8.5 billion in 2021. The global animal vaccines market is forecast to grow to US$ 13.3 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Veterinary vaccines play an essential role in keeping both animals and the public safe. Moreover, the growing adoption of pets like dogs and cats and ever-increasing animal population will fuel the growth of the animal vaccine market during the study period.
Rising awareness about the preventive measures to prevent zoonotic diseases will drive market growth. Furthermore, the growing prevalence of diseases such as human rabies, infectious diseases like canine distemper in dogs, foot and mouth disease (FMD), and contagious bovine pleuropneumonia (CBPP) will escalate the demand for animal vaccines in the coming years.
Developments in the medical industry have significantly surged the advancements in recombinant modified live chimeric vaccines, gene-deleted marker vaccines, DNA vaccines, virus-like-particle vaccines, virus vaccines, etc. Thus, it will benefit the global animal vaccines market during the forecast period.
The adverse impact of animal vaccines on the health of humans and animals may limit their demand during the study period.
Regional Analysis
The Asia-Pacific animal vaccine market is forecast to emerge as the largest market in terms of revenue. It is owing to the growing population in the region. In addition to that, the rising production of vaccines to cater to the healthcare needs of pets is expected to boost the demand for animal vaccines during the forecast period. The availability of cost-effective veterinary vaccinations will also benefit the market in the region. Apart from that, raising awareness about the need for the protection of livestock from mass wipe-outs will upsurge the demand for animal vaccines during the study period.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic negatively affected the animal vaccines companies. The pandemic has significantly impacted the animal vaccines industry due to the shift in consumer preference. Healthcare bodies started focusing on COVID-19 affected patients, which reduced the production and demand for animal vaccines. In addition to that, lockdowns and changing animal healthcare approach further hampered the growth of the market. The global animal vaccines market also witnessed a tremendous fall due to the unavailability of the workforce and raw materials.
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Competitors in the Market
- Merck & Co., Inc.
- Vaxxinova
- Ceva Santé Animale
- Sanofi S.A.
- Romvac
- Zoetis Inc.
- Boehringer Ingelheim GmbH
- Biovac
- Merial
- Anicon Labor GmbH
- Nexvet
- PHL Associates, Inc.
- Hygieia Biological Laboratories
- Colorado Serum Company
- Pfizer
- Arko Laboratories, Ltd.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Animal Vaccines industry experienced notable growth in its workforce. Starting in January, employment within the Animal Vaccines sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Animal Vaccines output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Animal Vaccines output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Animal Vaccines market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Animal Vaccines market.
Market Segmentation
The global animal vaccine market segmentation focuses on Product, Animal Type, and Region.
By Product Outlook
- Attenuated Vaccines
- Inactivated Vaccines
- Subunit Vaccines
- Toxoid Vaccines
- Conjugate Vaccines
- Recombinant Vaccines
- DNA Vaccines
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By Animal Type Outlook
- Companion animal
- Dogs
- Cats
- Livestock animal
- Cattle
- Pigs
- Poultry
- Sheep
- Others
- Aquaculture
By Regional Outlook
- 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
- 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
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Table of Contents:
Chapter 1: Introduction to the Global Animal Vaccines Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Animal Vaccines Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Animal Vaccines Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Animal Vaccines Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Animal Vaccines market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Animal Vaccines market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Animal Vaccines business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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