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10-May-2023

Animal Vaccines Market Size Projected to Cross Market Value of $15.20 Billion by 2030, Report

Vaccines help develop naturally acquired immunity by stimulating the immune system with the help of either non-pathogenic organisms or by their immunogenic components. Animal vaccines are essential to increase the welfare of the animal and reduce the monetary loss of their owners. These consist of attenuated and subunit vaccines and are useful in the prevention of diseases through their mode of action. Animal vaccines are eco-friendly products that help reduce the use of antibiotics and risk of drug-resistant microorganisms.

Animal vaccines market size was valued at $9.09 billion in 2020, and is projected to reach $15.20 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030.

Some of the key players involved in the Market are:

ANICON LABOR GMBH, BOEHRINGER INGELHEIM GMBH, CEVA SANTÉ ANIMALE, HYGIEIA BIOLOGICAL LABORATORIES, MERCK & COMPANY INC., ROMVAC COMPANY S.A., SANOFI S.A., VAXXINOVA GMBH, VIRBAC S.A, .ZOETIS INC.

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The animal vaccines market can be segmented based on various factors, including:

  1. Type of vaccine: This includes live attenuated vaccines, inactivated/killed vaccines, toxoid vaccines, subunit/conjugate vaccines, and DNA vaccines.
  2. Animal type: This includes vaccines for livestock (cattle, pigs, sheep, and poultry), companion animals (dogs, cats, and horses), and wildlife.
  3. Route of administration: This includes vaccines that can be administered through injection, oral, or topical application.
  4. Disease indication: This includes vaccines for various diseases such as foot and mouth disease, rabies, avian influenza, and bovine viral diarrhea.
  5. Geography: The animal vaccines market can also be segmented based on regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

These segments help in understanding the market dynamics, competition, and potential opportunities for growth in the animal vaccines market.

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Last Updated: 10-May-2023