Animal Vaccines Market Set to Surge at 9.55% CAGR, to Reach USD 34.36 Billion by 2033

The global animal vaccines market size was exhibited at USD 13.80 billion in 2023 and is projected to hit around USD 34.36 billion by 2033, growing at a CAGR of 9.55% during the forecast period 2024 to 2033.

The increasing outbreaks of cattle disease and the ever-expanding livestock population are the prime factors for the wide acceptance of ruminants especially cattle vaccines globally. Animals serve as a vital source of meat, protein, food, milk, and other commercial products such as wool and leather. Most used animal vaccines comprise rabies vaccines, equine influenza virus vaccines, and foot and mouth diseases vaccines, which prevent the transmission of infectious agents by mimicking naturally acquired immunity.

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The market saw moderate growth in 2020. The COVID-19 pandemic has impacted all industries, including animal vaccines. During the initial time of the pandemic, OIE confirmed that no animals can spread this virus. However, human-to-animal transmission has been reported in a few countries. IDEXX Laboratories and other companies have tested many dogs and cats for the virus, with test results being negative. In the initial months of the pandemic, there was speculation that it may spread through birds, which negatively impacted the livestock industry. In the U.S., several pig and poultry processing plants shut down after the major outbreak. The poultry sector of India has already lost around USD 1 billion due to fears and concerns about the novel coronavirus.

Top Companies in Global Animal Vaccines Market

Zoetis
Ceva Santé Animale
Merck & Co., Inc.
Vetoquinol S.A.
Boehringer Ingelheim Gmbh
Elanco
Virbac
Heska
Dechra Pharmaceuticals Plc
IDEXX LABORATORIES LIMITED
Norbrook Laboratories ltd

Introduction

In the realm of animal healthcare, vaccines stand as stalwarts of preventive medicine, safeguarding the well-being of our cherished companions. As guardians of animal welfare, it's imperative to delve into the burgeoning domain of #animalvaccines, a sector pulsating with innovation, research, and immense potential.

Key Takeaways:

North America dominated the market and accounted for a revenue share of over 26.0% in 2023.
Asia Pacific, the market is expected to register the fastest growth rate during the forecast period.
The attenuated live vaccines segment dominated the market for animal vaccines and accounted for a revenue share of over 35.0% in 2023.
The livestock segment dominated the market with the highest revenue share in 2023.
The companion segment is expected to exhibit the fastest growth rate during the forecast period.
The subcutaneous segment dominated the market for animal vaccines with a revenue share of over 41.0% in 2023.
The intranasal segment is expected to exhibit the fastest growth rate of over 10.0% during the forecast period.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐀𝐧𝐢𝐦𝐚𝐥 𝐕𝐚𝐜𝐜𝐢𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Increased Focus on Preventive Healthcare: With growing awareness about the importance of preventive healthcare in animals, there's a rising demand for vaccines to prevent various diseases. This trend is particularly notable in livestock farming and pet care industries.
Advancements in Vaccine Technology: The animal vaccines market is witnessing significant advancements in vaccine technology, including the development of novel adjuvants, delivery systems, and recombinant DNA technology. These innovations aim to improve vaccine efficacy, safety, and duration of immunity.
Expansion of Companion Animal Vaccines: As pet ownership rates rise and pet owners increasingly prioritize their animals' health, there's a surge in demand for companion animal vaccines. This includes vaccines for dogs, cats, and other companion animals to prevent diseases like rabies, parvovirus, and feline leukemia.
Growing Concerns about Zoonotic Diseases: The emergence of zoonotic diseases, which can be transmitted from animals to humans, has fueled the demand for vaccines in both animal and human healthcare sectors. Vaccinating animals against diseases like avian influenza, brucellosis, and anthrax helps prevent their transmission to humans.
Focus on Animal Welfare and Ethical Vaccination Practices: There's an increasing emphasis on animal welfare and ethical vaccination practices in the animal vaccines market. This includes the development of vaccines with fewer side effects and the adoption of alternative vaccination methods to minimize stress and discomfort in animals.
Rise in Regulatory Scrutiny and Compliance: Regulatory agencies are imposing stricter guidelines and regulations on the production, distribution, and administration of animal vaccines to ensure product safety and efficacy. This trend is driving vaccine manufacturers to adhere to higher standards and invest in research and development.
Expansion of Vaccine Coverage in Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing a rapid expansion of vaccine coverage due to increasing livestock populations, rising disposable incomes, and government initiatives to improve animal health. This presents lucrative opportunities for vaccine manufacturers to expand their presence in these regions.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global animal vaccines market.

Product

Attenuated Live Vaccines
Inactivated Vaccines
Subunit Vaccines
DNA Vaccines
Recombinant Vaccines

Animal Type

Livestock
Companion

Route of Administration

Subcutaneous
Intramuscular
Intranasal

Animal Vaccines Market By Regional Insights

North America dominated the market and accounted for a revenue share of over 26.0% in 2023. The region is expected to remain dominant throughout the forecast period. This large share can be attributed to the high prevalence of livestock and zoonotic diseases leading to large-scale animal deaths. In addition, the large presence of well-established pharmaceutical firms that are consistently striving for wide commercialization of their vaccines and augmenting their geographical reach is expected to boost the market growth. In addition, the rising incidence of canine disorders, which is increasing the adoption of vaccination for the same, and the rising pet population in the U.S. are some of the key factors contributing to the expansion of the regional market..

In Asia Pacific, the market is expected to register the fastest growth rate during the forecast period. The anticipated rise in the livestock population and government initiatives, especially in developing economies, are some of the prime factors expected to boost market growth in the region. According to the National Dairy Development Board, India’s cattle population was 192.5 million in 2019, as compared to 190.9 million in 2012. Hence, such a large cattle population in the country calls for vaccine demand. The market is driven by high R&D expenditure by many major players, combined with rising attempts for the commercialization of veterinary vaccines and inoculations at tolerably low prices.

Key Questions Answered in Animal Vaccines Market Report

What geographic regions does your market research cover for the Animal Vaccines Market?

👉 We have a global reach, with expertise spanning across continents, including North America, Europe, Asia-Pacific, Latin America, and the Middle East. We leverage a combination of primary and secondary research methodologies to offer country-level analysis.

How does your firm conduct cross-sectional analysis for the Animal Vaccines Market?

👉 We conduct cross-sectional analysis by examining data from different individuals at a single point in time to identify patterns and trends across diverse segments of the market.

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👉 Our experienced team works closely with clients to gain a thorough understanding of their business goals and target markets. We have the expertise and flexibility to develop bespoke research solutions.

Do you offer ongoing support or consultation to clients after the completion of a market research project?

👉 Our team of experienced analysts is available to address any questions, concerns and needs that may arise following the delivery of the report.

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👉 Through a combination of quantitative and qualitative research methodologies, we meticulously assess the strengths, weaknesses, strategies, and market positioning of your competitors.

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