The global Animal Vaccines market size is expected to be worth around US$ 25.12 billion by 2030, according to a new report by Vision Research Reports.
The global Animal Vaccines market size was valued at US$ 10.6 billion in 2020 and is anticipated to grow at a CAGR of 9.2% during forecast period 2021 to 2030.
|Market Size||US$ 25.12 billion by 2030|
|Growth Rate||CAGR of 9.2% From 2022 to 2030
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Product, Animal Type|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Merck & Co., Inc.; Zoetis; Boehringer Ingelheim International GmbH; Virbac; Biogénesis Bagó; Indian Immunologicals Ltd.; Elanco; Ceva; Phibro Animal Health Corporation; Neogen Corporation; Intas Pharmaceuticals Ltd.; Ourofino Saúde Animal|
Rise in the outbreak of livestock diseases, expanding livestock population and increasing zoonotic diseases are driving the market growth. Increasing awareness regarding commercially available vaccines is pushing the adoption globally.
This market has emerged to be one of the profitable investment options seeking attention and investments from both government and non-government players. Rise in the number of pet owners and their shifting focus towards healthy animal practices are other key factors propelling the growth of the market. Government intervention in distribution channel on the other hand, is affecting the profitability of the veterinary vaccine manufacturers. The bulk purchase and supply of livestock vaccines by countries such as India and Alaska that have large livestock population are reducing the profit margins of the vaccine manufacturers’ through bulk pricing.
Attenuated live vaccines segment accounted for the largest segment in 2020. Live attenuation is the oldest vaccination method used in veterinary field. This method is also under trial for development of additional applications. Some of these alternatives include the development of protein subunit vaccines for swine, which are given intramuscularly. These products aid in reducing mortality rate and improve the life span of disease-affected swine.
DNA vaccine market is expected to exhibit lucrative growth over the forecast period. These vaccines have been observed to be effective and capable of producing responses similar to that of the live attenuated vaccines. In addition, DNA vaccines show results in the presence of high titers of maternal antibodies. DNA vaccines are more stable as compared to recombinant vaccines and live attenuated vaccines.
Virulent organism by attenuation is used in cases such as local infection in lamb and ecthyma of sheep. Burgeoning need for development of advanced, safer and efficient products are driving the research activities and are also expected to provide novel solutions to this market over the forecast period.
Ruminants segment accounted for the largest revenue share of veterinary vaccines market in 2020. The dominance is attributed to the factors such as rising livestock population, supportive government initiatives coupled with outbreak of diseases among cattle, sheep. The outbreak of some of the major viral respiratory tract infections in cattle and other chronic infections such as Enzootic Bronchopneu and Infectious Bovine Rhinotracheitis (IBR) are pushing the market growth.
On the other hand, companion animal segment is expected to exhibit the fastest growth during the forecast period. Rising pet population coupled with the rising awareness regarding their health are propelling the growth of the segment globally. Adoption of vaccination for common life-threatening diseases such as canine distemper, parvovirus, and other canine viral diseases are propelling the growth of the segment share.
The development of subunit and modified live attenuated vaccines for the poultry reproductive diseases are propelling the growth of poultry segment. The constant R&D in order to develop novel vaccination solutions for various poultry diseases coupled with the adoption of vaccination are the factors expected to have a large impact on the segment growth.
North America dominated the global animal vaccines market in 2020 and is expected to remain dominant throughout the forecast period. Rising incidence of canine disorders, in turn, adoption of vaccination for the same coupled with the rising pet population in the U.S. are some of the key factors contributing to the expansion of market share of the region.
Zoetis, Virbac Inc., Indian Immunological Limited, Heska Corp., Boehringer Inghlem, Bayer Pharma Ag, Merck Animal Health, and Biogenesis Bago.
The Animal Vaccines market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Animal Vaccines market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Animal Vaccines market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Animal Vaccines market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Animal Vaccines market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Animal Vaccines capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Animal Vaccines by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Animal Vaccines market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Animal Vaccines market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Animal Vaccines market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Animal Vaccines industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Animal Vaccines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Animal Vaccines market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Animal Vaccines market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Animal Vaccines market. These factors have benefited the growth of the global market for Animal Vaccines. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Animal Vaccines. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Animal Vaccines are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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